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49 <br /> 1 finance costs of these projects and equipment and financing costs by the use of an installment <br /> 2 financing, as authorized under Section 160A-20 of the North Carolina General Statutes. The <br /> 3 County routinely uses installment financing as the vehicle for the annual spring financing. <br /> 4 With adoption of the attached resolution, the Board gives final approval for the financing. It <br /> 5 substantially approves the final financing documents and authorizes staff to complete the closing. <br /> 6 Staff anticipates receiving the required approval of the Local Government Commission on the <br /> 7 afternoon of June 4, 2024, establishing the final bond amount and financing terms on June 13, <br /> 8 2024, and then closing the financing by the end of June 2024.As the process continues, staff will <br /> 9 work with the other financing team members to confirm final details of the funding and County <br /> 10 payment arrangements, allowing the remaining blanks in the documents to be completed. This <br /> 11 process is consistent with past practice. <br /> 12 <br /> 13 Gary Donaldson, Chief Financial Officer, made the following presentation: <br /> 14 <br /> 15 Slide #1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Series 2024 Limited Obligation Bands <br /> Final Financing Resolution <br /> Gary Donaldson,Chief Financial Officer <br /> May 21, 2024 <br /> 16 <br /> 17 <br /> 18 <br />