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29 <br /> 1 Slide #8 <br /> LOB Collateral Overview <br /> ➢ Security Pledge- County Assets serve as Collateral and subject to Annual <br /> County Appropriations <br /> ➢ Lenders generally require that the value of the collateral be equal to at <br /> least 50%of the financing amount(for example, at least$5 million of <br /> collateral for a $10 million loan.) <br /> ➢ The Whitted Building,Orange County Library in Hillsborough and a <br /> variety of schools serves as the collateral which far exceeds the lender's <br /> requirements. <br /> ➢ Pursuant to the County's financing document,the County can continue <br /> to borrow money against this same collateral pool as longs as a <br /> meaningful portion of the amount financed is used to improve property <br /> in the collateral pool. <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 2 <br /> 3 <br /> 4 Slide #9 <br /> Debt Service Model Metrics <br /> All CIP Projects (Tax-Supported Debt) <br /> Debt Ratios 10-year Payout Debt to AV DS to GF Revenues <br /> 2025 64.81% 1.49% 11.82% <br /> 2026 62.70% 1.30% 10.56% <br /> 2027 60.31% 1.56% 12.86% <br /> 2028 58.91% 1.84% 14.19% <br /> 2029 61.35% 1.84% 16.92% <br /> 2030 63.28% 1.67% 18.49% <br /> 2031 64.13% 1.67% 18.60% <br /> 2032 62.20% 1.86% 18.45% <br /> 2033 64.79% 1.74% 19.51% <br /> 2034 67.15% 1.51% 20.20% <br /> 2035 99.68% 1.38% 18.93% <br /> '*�� <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 5 <br />