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17 <br /> 2024 Business meeting. Under the current schedule, County staff expects to set the final interest <br /> rates and close by the end of June 2024. <br /> Gary Donaldson, Chief Finance Officer, reviewed the background information for this item <br /> and made the following presentation: <br /> Slide #1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Series 2024 Limited Obligation Bonds <br /> Spring Financing Resolution and Public Hearing <br /> Gary Dmaldson,Chief Financial Clfyicer <br /> May 7, 2024 <br /> Slide #2 <br /> Purpose <br /> i Conduct Puhllc Hearing for Limited Obligation Bonds pursuantto NC Statute Section 16OA-20 <br /> A Close Public Hearing <br /> i Obtain Board Approval of Resolutlon to Proceed with filing Local Government Commission Application for <br /> Serles 2024 Llmlted Obligation Bonds <br /> A Funds-our FY2023-24Capital Investment Plan through this Series 20241-imited Obligation Bonds are <br /> secured by a Deed of Trust,with a security interest in various County and School facilities, <br /> A The Series 202411-imited Obligation Bondswill fund variouscounty projects including: <br /> -Vehicles and Equipment(7 Years useful Ilfe): $0.81VIllllon <br /> -County Projects(up to20years useful life]: $5.3Million <br /> -Durham Tech New Wing $11 Million <br /> -School Proiecfs[up to 20 vea rs useful life]: 55.1 Million <br /> TOTAL: $2 3.2 Million <br /> ORANGE COUNTY <br /> NORTH CILROLLNA <br />