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2 <br /> 1. Bond Referendum Update <br /> Travis Myren made the following presentation: <br /> Slide #1 <br /> Agenda Item 1. <br /> .Now— <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> General Obligation Bond <br /> Referendum Update <br /> Joint Meeting with the Boards of Education <br /> April 25, 2024 <br /> Slide #2 <br /> Background <br /> ■ Financing Plan for School Long Range Optimization Plan <br /> — General Obligation Bond Referendum -$300 million <br /> — Additional Pay-Go Funding -$100 million <br /> — FY2024-34 Capital Investment Plan Financing -$91.7 million <br /> — Existing Capital Balances for Schools 711123 -$64.9 million <br /> — Total Funds for Woolpert Plan C-$556.6 million <br /> — Does not include A icle 46 or Recurring Capital -$72 million over fern years <br /> ■ Local Government Commission Reviewed County Plan of Finance and Debt <br /> Policies with Staff, Financial Advisors and Bond Counsel to ensure <br /> compliance with the new State Law <br /> ORANGE COUNTY <br /> 2 r1K3RXH L:AAVLJIVA <br />