Orange County NC Website
Exhibit A - proposed proms <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 , 8000000 <br /> Vehicle replacements 21800 , 000 <br /> School capital projects 31789 , 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 91688 , 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 /> s <br />