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26 <br /> Bondholders generally require that the County offer collateral equal to at least 50% of the loan <br /> amount (for example, at least $5 million of collateral for a $10 million loan). The County expects <br /> to offer collateral with a value equal to at least 100% of the loan amount. The prospective <br /> collateral package has an approximate value of$160.0 million. <br /> TARIFF ISSUE <br /> The municipal bond market has experienced volatility due to rising concerns over new tariffs <br /> and international trade tensions. These tariffs are causing uncertainty in the broader economy <br /> and leading a few investors to re-evaluate their investment strategies. This has resulted in short- <br /> term fluctuations in bond yields (interest rates). Staff is working with the County's financial <br /> advisors to ensure the County remains well positioned for a successful June 2025 bond <br /> issuance. The financing team will closely monitor this situation and will update accordingly if <br /> borrowing costs become a material concern. Recent North Carolina bond financings appear to <br /> indicate a return to stability. <br /> Gary Donaldson, Chief Financial Officer, made the following presentation: <br /> Slide #1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Series 20251-imited Obligation Bonds <br /> Spring Financing Resolution and Public Hearing <br /> Gary Donaldson.Chief Finanbal Officer <br /> May 6, 2025 <br />