Orange County NC Website
8 <br /> Exhibit A - proposed projects <br /> 2019A Bonds - <br /> Approximately $9,700,000 of proceeds remains on hand, including accumulated <br /> investment earnings. The County will allocate these funds as follows: <br /> Type Amount <br /> Parks and recreation facilities 347,000 <br /> Link Center repair and renovation 1,800,000 <br /> Vehicle replacements 2,800,000 <br /> School capital projects 3,789,471 <br /> Reserve for excess earnings 400,000 <br /> payments to IRS <br /> Leave with Trustee for future debt 552,000 <br /> service payments <br /> Total 9,688,471 <br /> These uses are within the scope of the uses authorized at the time of the financing. <br /> Funds for school capital projects and parks and recreation facilities will all be <br /> reimbursed to the County once the funds are available. The County expects to use the <br /> remainder of the money within about one year. <br /> 2019B Bonds - <br /> Approximately $510,000 of proceeds remains on hand, including accumulated <br /> investment earnings. The County will allocate all of these funds to new vehicle <br /> acquisition. Vehicle acquisition was an initially-authorized purpose of the 2019B <br /> Bonds. The County expects to use this money for additional vehicle acquisitions <br /> within about six months of completing the process to make those funds available. <br /> 5 <br />