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27 <br /> 1 Slide #10 <br /> Bond Referendum Frey Dates <br /> Tentative rW)Rnnd Plan January 10 2024 Board diatpeat <br /> Crag and FipanG was Team Meets w ih LeGal February 13,202-1 <br /> GGY6FSMen1 G9A;FRm66 11 PI an ar <br /> Fmnannnnn <br /> PrnlimisaFV Resal.ifinn 1 Men i to Urc.Geed on Anri1 2 2924 Ru50 ner,&Meeting <br /> First Reading-Authorizing the Bond Order May 7,2024,Business Meeting <br /> and Call for Public Hearing <br /> Hold Public Hearing June 4,2024,Business Meeting <br /> Second Reading-TaXe Final Action on June 18,2024,Business Meeting <br /> Bond Order <br /> Bond Education Committee Summer-Autumn 2024 <br /> 2 Band Referendum November 5,2024 <br /> 3 <br /> 4 Slide #11 <br /> SAMPLE BALLOT <br /> Orange County School Hands <br /> IFvr QranEe Cotmly Schools and Chapel dill-Catrbota City Schoplsl <br /> Addktionah property taxes 3nay be levied on property locsted hti Orange County <br /> in an amount surRcient 10 pay tltie p1•112elpal of and lirtet'eat 411 bo1SdS if <br /> approved by the fallowing ballot yuestmn. <br /> Shall the order authorixing$300,000,000 bonds phis interest to pay capital <br /> casts of pi+oviding aehooL faellitLes and paying related costs and p ravidLlzg that <br /> additional taxes may be levied in an amount sufficient tc pay the principal of <br /> and interest on the bonds,as adapted by the Gaanty's Board of <br /> Connnissinners on June 113,2024,be approved,its lkght ofthe following: <br /> (1)The estimated cumu lative cast over the life of the bond,us hzg the highest <br /> interest rate charged for similar debt over the[Fist 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 t he life orthe bond provided above would be$34,10 per <br /> Y'az`- <br /> []YES[]NO <br /> ORANGE COUNTY <br /> LNOWITl CAROLINA <br /> 5 <br /> 6 <br /> 7 <br /> 8 <br />