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<br /> Orange County, North Carolina
<br /> $ * Limited Obligation Bonds , Series 2024A E
<br /> $ * Taxable Limited Obligation Bonds , Series 2024B j
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<br /> INTRODUCTION
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<br /> The purpose of this Official Statement, which includes the Appendices hereto , is to provide certain
<br /> information in connection with the Orange County, North Carolina Limited Obligation Bonds , Series
<br /> 2024A in the aggregate principal amount of $ (the "2024A Bonds ") and Taxable Limited
<br /> Obligation Bonds , Series 2024B in the aggregate principal amount of $ * (the "2024B Bonds" and,
<br /> together with the 2024A Bonds , the "2024 Bonds ")
<br /> The 2024 Bonds will be issued pursuant to a Trust Agreement dated as of June 1 , 2021 (the "2021
<br /> Trust Agreement"), as previously supplemented and as supplemented by a Second Supplemental Trust
<br /> Agreement (the " Second Supplemental Trust Agreement" and, together with the 2021 Trust Agreement, as
<br /> previously supplemented, the "Trust Agreement"), each between Orange County, North Carolina (the
<br /> " County") and The Bank of New York Mellon Trust Company, N .A . , as trustee (the "Trustee ") . I;!
<br /> Pursuant to the Trust Agreement, the County has previously issued its ( 1 ) $ 19 , 355 , 000 Limited G
<br /> Obligation Bonds, Series 2021A (the "2021A Bonds ") , of which $ 15 , 650 , 000 in principal amount is
<br /> currently Outstanding, (2) $ 4 , 230 , 000 Taxable Limited Obligation Refunding Bonds , Series 2021B (the
<br /> "202113 Bonds ") , of which $ 1 , 945 , 000 in principal amount is currently Outstanding, (3 ) $ Limited
<br /> Obligation Bonds, Series 2023A (the "2023A Bonds ") , [all of which remain Outstanding] , and (4)
<br /> $ Limited Obligation Bonds , Series 2023B (the "2023B Bonds" and, together with the 2021A
<br /> Bonds, the 2021B Bonds and the 2023A Bonds, the "Prior Bonds ") , [all of which remain Outstanding] .
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<br /> Capitalized terms used in this Official Statement, unless otherwise defined herein, have the
<br /> meanings set out in Appendix C hereto under the caption "DEFINITIONS . "
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<br /> This Introduction provides only certain limited information with respect to the contents of this
<br /> Official Statement and is expressly qualified by the Official Statement as a whole . Prospective investors
<br /> should review the full Official Statement and each of the documents summarized or described herein . This
<br /> Official Statement speaks only as of its date, and the information contained herein is subject to change .
<br /> THE COUNTY
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<br /> The County is a political subdivision of the State of North Carolina (the " State") . See Appendix A,
<br /> " THE COUNTY, " hereto for certain information regarding the County . The County ' s most recent audited
<br /> financial statements are contained in Appendix B hereto .
<br /> PURPOSE
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<br /> The 2024 Bonds are being issued in order to ( 1 ) finance the acquisition, construction, equipping
<br /> and improvement of certain County facilities as further described herein and (2 ) finance certain costs
<br /> incurred in connection with the execution and delivery of the 2024 Bonds . See "THE PLAN OF
<br /> FINANCE " and "ESTIMATED SOURCES AND USES OF FUNDS " herein .
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<br /> * Preliminary, subject to change . j
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