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41 <br /> 1 Slide#7 <br /> FY 2026-27 Debt Service <br /> • Debt Service—($2.8 million) savings to model <br /> - January Retreat estimated$9.5 million in new debt expenses based on maximum potential borrowing of <br /> $100 million <br /> - Project list refined for spring financing based on bids-in-hand down to$55 million <br /> Reduces debt service increase to$6.7 million in FY2026-27 <br /> - Remaining $45 million of authorized projects carried forward for potential financing in spring 2027 <br /> ORANGE COUNTY <br /> 7 NORTH CAROLINA <br /> 2 <br /> 3 Travis Myren reported that the spring borrowing package has been refined and reduced from <br /> 4 approximately $100 million to approximately $45-55 million, anchored by the Durham Tech expansion <br /> 5 ($11 million, Series A) and the Crisis Diversion Facility (approximately $30-plus million, Series B). This <br /> 6 reduction yields approximately$2.8 million in savings to the operating model. <br /> 7 Commissioner Carter asked about the typical timing and frequency of debt offerings. <br /> 8 Travis Myren explained the county generally executes one spring borrowing per year to minimize <br /> 9 transaction costs, which include attorney, bond counsel, and financial advisor fees, though a second <br /> 10 borrowing could occur in a favorable market. He noted that LGC requirements mandate having a bid in <br /> 11 hand before borrowing is authorized,which tends to concentrate activity in the spring. <br /> 12 <br /> 13 <br />