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OTHER-2025-035-Orange County North Carolina limited obligation bonds series 2025
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OTHER-2025-035-Orange County North Carolina limited obligation bonds series 2025
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Last modified
5/21/2025 9:36:54 AM
Creation date
5/21/2025 9:34:53 AM
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Template:
BOCC
Date
5/20/2025
Meeting Type
Business
Document Type
Others
Agenda Item
6-a-4
Document Relationships
Agenda 05-20-25; 12-1 - Information Item - May 6, 2025 BOCC Meeting Follow-up Actions List
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda 05-20-25; 12-2 - Information Item - Memorandum - Financial Report - Third Quarter FY 2024-25
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda 05-20-25; 5-a - Public Hearing on Draft HOME 2025-29 Consolidated Plan
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda 05-20-25; 5-b - Public Hearing on Draft HOME 2025 Annual Action Plan (AAP)
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
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
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda 05-20-25; 8-a - Minutes
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda 05-20-25; 8-b - Fiscal Year 2024-25 Budget Amendment #9
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda 05-20-25; 8-c - Opioid Settlement Fund Spending Authorization Resolution and Approval of Budget Amendment #9-A
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda 05-20-25; 8-d - Emergency Medical Services (EMS) Week Proclamation
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda 05-20-25; 8-e - Heat Awareness Week Proclamation
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda 05-20-25; 8-f - Approval of License Agreement with TABLE Ministries, Inc. for Use of a Portion of Future Twin Creeks Park for Agricultural Production
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda 05-20-25; 8-g - Orange County Health Department Refresh Construction Contract Award
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda 05-20-25; 8-h - FY25 Quarter 4 Annual Work Program Amendments for Transit and Approval of Budget Amendment #9-B
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda 05-20-25; 8-i - Amendments to the Orange Unified Transportation (OUT) Board Policies and Procedures
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda 05-20-25; 8-j - Resolution Authorizing Sale of Property for the Sheriff’s Office
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda 05-20-25; 8-k - Approval of Interlocal Agreement Amendment, Contract Award for Comprehensive Emergency Operations Plan Update, and Approval of Budget Amendment #9-C
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda 05-20-25; 8-l - Boards and Commissions – Appointments
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
Agenda for May 20, 2025 BOCC Meeting
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 05-20-2025 Business Meeting
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TOTAL ANNUAL DEBT SERVICE REQUIREMENTS <br /> The following table sets forth for each Fiscal Year of the County, the debt service required to be <br /> paid by the County under the Trust Agreement with respect to the 2025 Bonds and the Prior Bonds . <br /> 2025 Bonds Total Prior Bonds <br /> Fiscal Year Principal Total Principal <br /> (Ended June 30) and Interest and Interest' Total <br /> 2025 <br /> 2026 <br /> 2027 <br /> 2028 <br /> 2029 <br /> 2030 <br /> 2031 <br /> 2032 <br /> 2033 <br /> 2034 <br /> 2035 <br /> 2036 <br /> 2037 <br /> 2038 <br /> 2039 <br /> 2040 <br /> 2041 <br /> 2042 <br /> 2043 <br /> 2044 <br /> TOTAL ' <br /> Includes debt service on the 2021A Bonds, 2023A Bonds, 2023B Bonds, 2024A Bonds and 2024B Bonds. <br /> Note : Totals may not foot due to rounding. <br /> CERTAIN RISKS OF 2025 BOND OWNERS <br /> INSUFFICIENCY OF PAYMENTS <br /> If the County fails to pay any payments on the Bonds as the same become due or if another event <br /> of default occurs under the Trust Agreement, the Trustee may accelerate the principal with respect to the <br /> Bonds , direct the Deed of Trust Trustee to foreclose on the Mortgaged Property under the Modified Deed <br /> of Trust, take possession of the Mortgaged Property and attempt to dispose of the Mortgaged Property . See <br /> "THE DEED OF TRUST" in Appendix C hereto . Zoning restrictions and other land use factors relating <br /> to the Mortgaged Property may limit the use of the Mortgaged Property and may affect the proceeds <br /> obtained on any disposition by the Deed of Trust Trustee , THERE CAN BE NO ASSURANCE THAT THE <br /> MONEYS AVAILABLE IN THE FUNDS AND ACCOUNTS HELD BY THE TRUSTEE AND THE PROCEEDS OF ANY <br /> SUCH DISPOSITION OF THE MORTGAGED PROPERTY WILL BE SUFFICIENT TO PROVIDE FOR THE PAYMENT OF <br /> THE PRINCIPAL AND INTEREST WITH RESPECT TO THE BONDS . SECTION 160Aw2O(f) OF THE GENERAL <br /> STATUTES OF NORTH CAROLINA PROVIDES THAT NO DEFICIENCY JUDGMENT MAY BE RENDERED AGAINST <br /> THE COUNTY FOR ANY AMOUNTS THAT MAY BE OWED BY THE COUNTY UNDER THE TRUST AGREEMENT, <br /> 13 <br />
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