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24 <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 Whiffed 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 C1P Projects (Tax-Supported Debt) <br /> Year Debt to AV DS to GF Tax Rate <br /> Revenues Equivalent <br /> 2024 _1.20% 13.60% <br /> 2025 1.47% 11.82% <br /> 2026 1.24% 11.20% <br /> 2027 1.50% 13.10% 2.424 <br /> 2028 1.77% 14.16% 1.424 <br /> 2029 1.78% 16.50% 2.844 <br /> 2030 1.61% 17.78% 1.554 <br /> 2031 1.62% 17.87% 0.184 <br /> 2032 1.81% 17.75% - <br /> 2033 1.69% 18.61% 0.994 <br /> 2034 1.46% 19.16% 0-804 <br /> 2035_ 1.35% 18.00% - <br /> Total Impact 10.194 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> 5 <br /> 6 <br />