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Agenda 05-19-2026; 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of 2026A Installment Purchase Financing for Various Capital Investment Plan Projects
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Agenda 05-19-2026; 6-a - Adoption of the Final Financing Resolution Authorizing the Issuance of 2026A Installment Purchase Financing for Various Capital Investment Plan Projects
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BOCC
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5/19/2026
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Agenda
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6-a
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Agenda for May 19, 2026 BOCC Meeting
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84 <br /> improvements. The "Mortgaged Property" is defined in the Deed of Trust to include these facilities and <br /> real estate, and any additional improvements to the facilities and real estate,but generally does not include <br /> any equipment or furnishings associated with the property. <br /> [NTDāneed to identify if any bond proceeds are being spent at these sites] <br /> Government Services Annex. The Government Services Annex is a one-story building consisting <br /> of approximately 12,000 square feet on an approximately 9.32-acre site located at 208 South Cameron <br /> Street in Hillsborough, North Carolina. The Government Services Annex currently houses the County's <br /> Board of Elections and related functions. The County has owned this property since it was built in 1968. <br /> The County estimates the insured value of this building (not including the equipment associated with the <br /> building,which is generally not part of the Mortgaged Property)to be approximately$1.6 million. <br /> Link Center. The Link Center is located at 200 South Cameron Street in Hillsborough, North <br /> Carolina. The County estimates the value of this building(not including equipment,which is generally not <br /> part of the Mortgaged Property) at approximately$3.7 million. <br /> District Attorney's Building.The District Attorney's Building is located at 144 East Margaret Lane <br /> in Hillsborough,North Carolina. The County estimates the value of this building(not including equipment, <br /> which is generally not part of the Mortgaged Property) at approximately$1.1 million. <br /> The Government Services Center, the Link Center and the District Attorney's Building are all <br /> located on a single 9.2-acre parcel that has a listed tax value of$690,000. <br /> Northern Campus Site. The County's Northern Campus is located on approximately 19 acres of <br /> land off U.S. Highway 70 in Hillsborough, North Carolina. The Northern Campus is home to a 144-bed <br /> detention center, the Bonnie B Davis Agricultural Center, and a parks and recreation administration <br /> building. The insured value of the buildings located on the Northern Campus (not including equipment, <br /> which is generally not part of the Mortgaged Property) is approximately $_million. The real estate on <br /> which the Northern Campus sits has a tax value, according to County tax records, of approximately $ <br /> million. The County estimates the total value of the Northern Campus to be approximately$_7 million. <br /> Emergency Operations Center. The Emergency Operations Center is a two-story building <br /> consisting of approximately 22,000 square feet on an approximately three-acre site located in the <br /> Meadowlands Office Park in Hillsborough,North Carolina. This facility serves as the headquarters for the <br /> County's Emergency Management Services, including Public Safety Answering Point and all other E-911 <br /> operations. The County has owned this property since 2005. The County estimates the insured value of this <br /> building (not including the equipment associated with the building, which is generally not part of the <br /> Mortgaged Property)at approximately$4.6 million. <br /> Southern Campus. The County's Southern Campus is located at 2551 Homestead Road in Chapel <br /> Hill, North Carolina. The Southern Campus is the site of the County's Seymour Senior Center and the <br /> Southern Human Services Center. The insured value of the buildings located on the Southern Campus(not <br /> including equipment,which is generally not part of the Mortgaged Property)is approximately$7.9 million. <br /> The real estate on which the Southern Campus sits has a tax value, according to County tax records, of <br /> approximately $6.1 million. The County estimates the total value of the Southern Campus to be <br /> approximately $19.7 million. The County has leased an approximately 3-acre portion of the Southern <br /> Campus site and certain improvements located thereon to a nonprofit corporation to be used to provide <br /> short-term housing for homeless families and individuals. The nonprofit has mortgaged its leasehold <br /> interest in the property under two deeds of trust and has agreed to certain restrictive covenants related to <br /> the use of the property in connection with one such mortgage. If there were to be a foreclosure on the <br /> 11 <br />
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