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17 <br /> 1 2024 Business meeting. Under the current schedule, County staff expects to set the final interest <br /> 2 rates and close by the end of June 2024. <br /> 3 <br /> 4 Gary Donaldson, Chief Finance Officer, reviewed the background information for this item <br /> 5 and made the following presentation: <br /> 6 <br /> 7 Slide #1 <br /> � <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Series 2024 Limited Obligation Bonds <br /> Spring Financing Resolution and Public Hearing <br /> Gary Donaidson,Chie4F3nanc3a1Of Ter <br /> May 7, 2024 <br /> 9 <br /> 10 Slide #2 <br /> Purpose <br /> i Conduct Puhllc Hearing for Limited Obligation Bonds pursuantto NC Statute Section 16OA-20 <br /> 3 Close Public Hearing <br /> i Obtain Board Approval of Resolutlon to Proceed with Filing Loral Government Commission Application for <br /> Serles 2024 Llml[ed Obligation Bonds <br /> Funds our FY 2023-24Capital Investment Plan through this Series 2024 Limited Obligation Bonds are <br /> secured bya Heed of Trust,with asecurity interest invarious County and5chool facilities <br /> Y The Series 2024 Limited Obligation Bonds will fund various County projects including: <br /> -Vehlcles and Equipment(7 Years useful Ilte): $0.BMIIIlon <br /> -County Projects(up to24years useful life): $6.3Million <br /> Durham Tech New Wing $11 Million <br /> School Proieds luo to 20 rears useful lifel: $5.1 Million <br /> TOTAL: $23.2Ir1i1kri <br /> ORANGE COUNTY <br /> NOR7-H{.A ROL]NA <br /> 11 <br />