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5 <br /> facilities, including the Justice Center, North Campus, Southern Campus, and the Emergency Operations <br /> Center on Meadowlands Drive in Hillsborough, as well as the Crisis Diversion Facility site. The County has <br /> flexibility to release individual portions of the collateral from financing liens when the release will advance <br /> other County priorities. <br /> No schools are being used as collateral for the 2026 financings, although schools remain as collateral for <br /> other County financings. As part of this financing process, the County will release Ephesus Elementary <br /> from all financing liens to simplify the Chapel Hill Carrboro City Schools Board's evaluation of the future <br /> of that school. <br /> Bondholders generally require that the County offer collateral equal to at least 50% of the loan amount <br /> (for example, at least $5 million of collateral for a $10 million loan). The prospective collateral package <br /> has an approximate value of$90.0 million. The current issue will take the total amount secured by this <br /> collateral package to approximately$122.3 million, providing a collateral ratio of approximately 73.4%. <br /> Gary Donaldson, Chief Financial Officer, made the following presentation: <br /> Slide#1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Limited Obligation Bonds, Series 2026A <br /> Final Financing Resolution <br /> Gary Donaldson,Chief Financial Officer <br /> May 19, 2026 <br />