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