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<br /> Orange County,North Carolina
<br /> Limited Obligation Bonds, Series 2026A
<br /> INTRODUCTION
<br /> The purpose of this Official Statement,which includes the Appendices hereto,is to provide certain
<br /> information in connection with the Orange County, North Carolina Limited Obligation Bonds, Series
<br /> 2026A in the aggregate principal amount of$[ ]* (the"2026A Bonds").
<br /> The 2026A Bonds will be issued pursuant to a Trust Agreement dated as of June 1,2018(the"2018
<br /> Trust Agreement"), as previously supplemented and as supplemented by a Fifth Supplemental Trust
<br /> Agreement dated as of June 1,2026(the"Fifth Supplemental Trust Agreement"and,together with the 2018
<br /> Trust Agreement, as previously supplemented, the "Trust Agreement"), each between Orange County,
<br /> North Carolina (the "County") and The Bank of New York Mellon Trust Company, N.A., as trustee (the
<br /> "Trustee").
<br /> Pursuant to the Trust Agreement, the County has previously issued its (1) $7,510,000 Limited
<br /> Obligation Bonds, Series 2018 (the"2018 Bonds"), of which$[ ] in principal amount is currently
<br /> Outstanding, (2) $14,135,000 Limited Obligation Bonds, Series 2019A (the "2019A Bonds"), of which
<br /> $[ in principal amount is currently Outstanding, (3) $29,745,000 Limited Obligation Bonds,
<br /> Series 2019B (the "2019B Bonds"), of which $[ ] in principal amount is currently Outstanding,
<br /> (4) $40,731,000 Limited Obligation Bonds, Series 2020 (the "2020 Bonds"), of which $[ ] in
<br /> principal amount is currently Outstanding,and(5)$41,535,000 Limited Obligation Bonds, Series 2022(the
<br /> "2022 Bonds"and,together with the 2018 Bonds,the 2019A Bonds,the 2019B Bonds and the 2020 Bonds,
<br /> the"Prior Bonds"), of which$[ in principal amount is currently Outstanding.
<br /> Capitalized terms used in this Official Statement, unless otherwise defined herein, have the
<br /> meanings set out in Appendix C hereto under the caption"DEFINITIONS."
<br /> This Introduction provides only certain limited information with respect to the contents of this
<br /> Official Statement and is expressly qualified by the Official Statement as a whole. Prospective investors
<br /> should review the full Official Statement and each of the documents summarized or described herein. This
<br /> Official Statement speaks only as of its date, and the information contained herein is subject to change.
<br /> THE COUNTY
<br /> The County is a political subdivision of the State of North Carolina(the"State"). See Appendix A,
<br /> "THE COUNTY,"hereto for certain information regarding the County. The County's most recent audited
<br /> financial statements are contained in Appendix B hereto.
<br /> PURPOSE
<br /> The 2026A Bonds are being issued in order to (1) finance the acquisition, construction, equipping
<br /> and improvement of certain County facilities as further described herein and (2) finance certain costs
<br /> incurred in connection with the execution and delivery of the 2026A Bonds. See "THE PLAN OF
<br /> FINANCE" and"ESTIMATED SOURCES AND USES OF FUNDS"herein.
<br /> *Preliminary,subject to change.
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