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6 <br /> in an amount sufficient to pay the principal of and interest on bonds if approved <br /> by the following ballot question. <br /> Shall the order authorizing $300,000,000 bonds plus interest to pay capital <br /> costs of providing school facilities and paying related costs and providing that <br /> additional taxes may be levied in an amount sufficient to pay the principal of <br /> and interest on the bonds, as adopted by the County's Board of Commissioners <br /> on June 18, 2024, be approved, in light of the following: <br /> (1) The estimated cumulative cost over the life of the bond, using the highest <br /> interest rate charged for similar debt over the last 20 years, would be <br /> $480,360,000. <br /> (2) The estimated amount of property tax liability increase for each one <br /> hundred thousand dollars ($100,000) of property tax value to service the <br /> cumulative cost over the life of the bond provided above would be $34.10 per <br /> year. <br /> [ ] YES [ ] NO <br /> S. The Board directs the Clerk to this Board to transmit a certified <br /> copy of this resolution to the Orange County Board of Elections within three <br /> days after today. <br /> 6. The Board directs the Clerk to this Board to publish notice of the <br /> bond referendum as required by Section 159-61 of the General Statutes. <br />