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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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5/14/2026 11:04:39 AM
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BOCC
Date
5/19/2026
Meeting Type
Business
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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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85 <br /> Southern Campus, the purchaser in such foreclosure would take title to the property subject to such lease <br /> and leasehold deeds of trust. The lease and the restrictive covenants are currently scheduled to expire on <br /> July 1,2020,but may be extended. <br /> Efland EMS Center. [need description] <br /> Justice Center. [need description] <br /> Crisis Diversion Center. The County acquired approximately 5 acres of land off Waterstone Drive <br /> in Hillsborough, North Carolina in [month] 2026 to be the site of a new Crisis Diversion Center for the <br /> County. The County paid approximately$1.35 million for this property. Currently,there are no structures <br /> on the site. The County plans to construct an approximately 19,825 square-foot crisis diversion facility on <br /> the site which will include a 12-bay behavioral health urgent care unit, a 16-bed facility based crisis unit <br /> and a community wing with a peer living room and resource center. The County will refinance the <br /> acquisition of the site and finance site preparation and related to the proposed facility with <br /> proceeds of the 2026A Bonds. <br /> NO OTHER FACILITY OR IMPROVEMENT FINANCED WITH THE 2026A BONDS <br /> WILL BE INCLUDED AS PART OF THE MORTGAGED PROPERTY. <br /> The Trust Agreement and the Modified Deed of Trust generally allow the County to direct the <br /> release of any portion of the Mortgaged Property, in the County's discretion, so long as the taxable, <br /> appraised or insured value of the property remaining subject to the lien of the Modified Deed of Trust <br /> following such release is at least equal to 50% of the principal amount of the Outstanding Bonds. See <br /> "THE DEED OF TRUST—No Transfers; Releases; Grants of Easements"in Appendix C hereto. <br /> ESTIMATED SOURCES AND USES OF FUNDS <br /> The County estimates the sources and uses of funds for the plan of finance to be as follows: <br /> SOURCES: <br /> Par Amount of the 2026A Bonds <br /> Net Original Issue Premium/Discount <br /> TOTAL SOURCES OF FUNDS <br /> USES: <br /> Deposit to Project Fund <br /> Costs of Issuance' <br /> TOTAL USES OF FUNDS <br /> ' Includes legal fees,underwriters'compensation,financial advisor fees,rating agency fees,fees and expenses of the Trustee and <br /> miscellaneous fees and expenses. <br /> 12 <br />
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