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Agenda 05-20-25; 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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Agenda 05-20-25; 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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5/15/2025 10:58:23 AM
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BOCC
Date
5/20/2025
Meeting Type
Business
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Agenda
Agenda Item
6-a
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Agenda for May 20, 2025 BOCC Meeting
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82 <br /> Blackwood Farm Park. Blackwood Farm Park consists of approximately 149 acres of land located <br /> at 4215 N.C. Highway 86 South in Hillsborough,North Carolina. The park includes a historic farmhouse, <br /> barn,smokehouse, corncrib and other outbuildings,a picnic shelter,restrooms,4 miles of hiking trails,and <br /> fishing pond. A portion of the proceeds of the 2025 Bonds will be used to make improvements to <br /> Blackwood Farm Park, including the restoration of a farmhouse. The County estimates the insured value <br /> of this property (not including the equipment associated with the property, which is generally not part of <br /> the Mortgaged Property)to be approximately$[0.25] million. <br /> Culbreth Middle School. Culbreth Middle School is a one-story building consisting of <br /> approximately 122,500 square feet on an approximately 35-acre site located at 225 Culbreth Road in Chapel <br /> Hill,North Carolina. The County estimates the insured value of this building(not including the equipment <br /> associated with the building, which is generally not part of the Mortgaged Property) to be approximately <br /> $[21.5] million. <br /> Orange County Library. The Orange County Library Main Branch is a two-story building <br /> consisting of approximately 23,454 square feet on an approximately 0.5-acre site located at 137 W. <br /> Margaret Lane in Hillsborough, North Carolina. The County estimates the insured value of this building <br /> (not including the equipment associated with the building, which is generally not part of the Mortgaged <br /> Property)to be approximately$[5.6] million. <br /> Orange Middle School. Orange Middle School is a one-story building consisting of approximately <br /> 102,780 square feet on an approximately 57-acre site located at 308 Orange High School Road in <br /> Hillsborough,North Carolina. The County estimates the insured value of this building (not including the <br /> equipment associated with the building, which is generally not part of the Mortgaged Property) to be <br /> approximately$[22.8] million. <br /> New Hope Elementary School. New Hope Elementary School is a one-story building consisting of <br /> approximately 100,164 square feet on an approximately 10-acre site located at 1900 New Hope Church <br /> Road in Chapel Hill,North Carolina. The County estimates the insured value of this building(not including <br /> the equipment associated with the building, which is generally not part of the Mortgaged Property) to be <br /> approximately$[17.1] million. <br /> Pathways Elementary School. Pathways Elementary School is a one-story building consisting of <br /> approximately 85,282 square feet on an approximately 18.1-acre site located at 431 Strouds Creek Road in <br /> Hillsborough,North Carolina. The County estimates the insured value of this building (not including the <br /> equipment associated with the building, which is generally not part of the Mortgaged Property) to be <br /> approximately$[16.8] million. <br /> Orange High School. Orange High School is a three-story building consisting of approximately <br /> 217,203 square feet on an approximately 92-acre site located at 500 Orange High School Road in <br /> Hillsborough,North Carolina. The County estimates the insured value of this building (not including the <br /> equipment associated with the building, which is generally not part of the Mortgaged Property) to be <br /> approximately$[43.2] million. <br /> Ephesus Elementary School. Ephesus Elementary School is a one-story building consisting of <br /> approximately 66,952 square feet on an approximately 13.4-acre site located at 1495 Ephesus Church Road <br /> in Chapel Hill,North Carolina. The County estimates the insured value of this building(not including the <br /> equipment associated with the building, which is generally not part of the Mortgaged Property) to be <br /> approximately$[11.7] million. <br /> 11 <br />
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