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OTHER-2024-031-Trust Agreement
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OTHER-2024-031-Trust Agreement
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Last modified
10/24/2024 10:55:47 AM
Creation date
10/24/2024 10:42:03 AM
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Template:
BOCC
Date
5/21/2024
Meeting Type
Business
Document Type
Others
Agenda Item
6-B
Document Relationships
Agenda 05-21-24; 6-b - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 05-21-2024 Business Meeting
Agenda for May 21, 2024 BOCC Meeting
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 05-21-2024 Business Meeting
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Exhibit A - list of pro )Iects to be financed with estimated. an <br /> Project Est. Amount ($ ) <br /> Research Triangle Logistics Park $ 1 , 684, 707 <br /> Lake Orange Dam Rehabilitation 252 , 024 <br /> Neuse River Rules / Gravelly Hill Middle School 300 , 000 <br /> Solid Waste Equipment Replacement 574, 971 <br /> 501 West Franklin improvements 21000 , 000 <br /> Whitted Stormwater Improvements 175 , 000 <br /> Bi - Directional Emergency Response K12 Coverage 1 , 344, 674 <br /> Assorted Vehicles 805 , 743 <br /> Deferred Maintenance - capital projects for Chapel 5 , 1181023 <br /> Hill - Carrboro City Schools <br /> Project Totals $ 12 , 255 , 142 <br /> The County will also use financing proceeds, in the estimated amount of <br /> $ 360 , 908 to pay financing costs . <br /> The amounts stated above are estimates only . The County may use any <br /> portion of the 2024 Bonds proceeds for any of the 2024 Project Costs , subject to the <br /> County' s obligation to undertake and complete those components of the project <br /> related to the " Mortgaged Property, " as defined in the Deed of Trust, and the <br /> limitation on the use of funds only for 2024 Project Costs . <br /> Components of the 2024 Project related to the Mortgaged Property include <br /> the following : <br /> • Whitted Building - stormwater improvements <br /> • Culbreth Middle School compressor replacement, HVAC improvements <br /> • Ephesus Elementary School - Playground equipment and upgrades, <br /> cafeteria furniture <br /> 25 <br />
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