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Key Financing Terms 16 <br /> ➢ Security Pledge- County Assets serve as Collateral and subject to Annual County Appropriations <br /> ➢ Maturity Term- 5- 20 Year maturities matches the useful life of the assets <br /> ➢ May 1 and November 1 Repayment Dates to Bank Trustee; First Interest Payment on November 1, 2025 and <br /> First Principal Payment on November 1, 2026, consistent with the Debt Model <br /> ➢ Estimated Interest Rates- Between 4.5% - 5.5% subject to market conditions <br /> ➢ Series 2025 Limited Obligation Bonds Maximum Annual Debt Service estimated to be $8.63 million in FY 2027 <br /> ➢ Source of Repayment- Property Taxes, Solid Waste Fees and Sportsplex Fees <br /> ➢ Limited Obligation Bonds are Subordinate Lien to AAA General Obligation Bonds <br /> ➢ Current Limited Obligation Bonds- Aa1/AA+/AA+ from Moody's, Standard & Poor's and Fitch Ratings <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />