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3 <br /> Leave with Trustee for future 552,000 <br /> Series 2019 debt service <br /> payments <br /> Total 9,688,471 <br /> These uses are within the scope of the uses authorized at the time of the financing. Funds for <br /> school capital projects and parks and recreation facilities will all be reimbursed to the County once <br /> the funds are available. The County expects to use the remainder of the funds within about one <br /> year. <br /> 2019B Bonds <br /> Approximately $510,000 in proceeds remain on hand, including accumulated investment <br /> earnings. The County will allocate all of these funds to new vehicle acquisition on FY 2026 CIP <br /> project list. Vehicle acquisition was an initially authorized purpose of the 2019B Bonds. The <br /> County expects to use this money for additional vehicle acquisitions within about six months of <br /> completing the process to make those funds available. <br /> ALIGNMENT WITH STRATEGIC PLAN: This item supports: <br /> • GOAL 6: DIVERSE AND VIBRANT ECONOMY <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the resolution <br /> related to an Orange County request to the North Carolina Local Government Commission (LGC) <br /> to amend the financing documents associated with its 2019 Limited Obligation Bonds (Series <br /> 2019A and Series 20198) to reallocate remaining bond proceeds to eligible project costs. <br />