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Agenda 05-06-25; 5-a - Public Hearing on the Financing of Various Capital Investment Plan Projects
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Agenda 05-06-25; 5-a - Public Hearing on the Financing of Various Capital Investment Plan Projects
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5/1/2025 1:19:44 PM
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BOCC
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5/6/2025
Meeting Type
Business
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Agenda
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5-a
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Agenda for May 6, 2025 BOCC Meeting
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11 <br /> Purpose <br /> ➢ Conduct Public Hearing for Limited Obligation Bonds pursuant to NC Statute Section 160A-20 <br /> ➢ Close Public Hearing <br /> ➢ Obtain Board Approval of Resolution to Proceed with Filing Local Government Commission Application for <br /> Series 2025 Limited Obligation Bonds <br /> ➢ Funds our FY 2024-25 Capital Investment Plan through this Series 2025 Limited Obligation Bonds are <br /> secured by a Deed of Trust, with a security interest in various County and School facilities. <br /> ➢ The Series 2025 Limited Obligation Bonds will fund various County projects including: <br /> 2025 L013s Projects - Total by Category 2025 L013s Projects - Total by Amortization <br /> 1 Orange County Schools 26,250,952 10 5-year Level DS 1,665,255 <br /> 2 CH-C City Schools 30,826,756 11 7-year Level DS 2,745,083 <br /> 3 Total Schools 57,077,708 12 8-year Level DS 7,010,570 <br /> 4 County TS (Non-Vehicle) 13,988,782 13 10-year Level DS 2,099,165 <br /> 5 County TS Vehicles (Fleet Services) 2,590,164 14 12-year Level DS 587,742 <br /> 6 Total County Tax Supported 16,578,946 15 15-year Level Prin 3,831,842 <br /> 7 Sportsplex 2,455,813 16 20-year Level Prin 58,760,553 <br /> 8 Solid Waste 587,742 17 Total 76,700,209 <br /> 9 Grand Total 76,700,209 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />
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