HomeMy WebLinkAboutRefunding of General Obligation Bonds~~~ f~ ~;~ ~ t ~
SWORN STATEMENT OF DEBT
For Orange Countv, North Carolina
I, Kenneth T. Chavious, being first duly sworn, state that I am the Finance
Officer for Orange County, North Carolina, that I have been designated by the
Board of Commissioners of Orange County to make and file with the Clerk to such
Board of Commissioners a sworn statement of debt, and that the following is the
statement of debt for Orange County as shown by the books in my office, prepared
in accordance with, and made pursuant to the requirements of, Section 159-55 of
the North Carolina General Statutes.
A. Gross Debt
1. Outstanding debt evidenced by bonds:
Purpose Amount ($)
School 58,311,000
Public Facilities 33,665,000
Building 5,815,000
Affordable Housing 1,800,000
Parks 2,664,000
Total $102.255.000
2. Bonds authorized by orders introduced but not yet adopted:
Purpose
Amount ($)
Total$
Orange Co Docs 12 2 02
3. Unissued bonds authorized by adopted orders:
4. Outstanding debt not evidenced by bonds:
Purpose Amount ($)
School 26,872,774
Jail 799,613
Office Buildings 1,223,814
Land 323,244
Total
76.200.000
Total ~29.219,445
Total Gross Debt (sum of 1 through 4) 207.674.445
B. Deductions from Gross Debt
1. Funding and refunding bonds
authorized by orders introduced but not yet
adopted.
2. Funding and refunding bonds
authorized but not yet issued.
3. Amounts held in sinking funds or
otherwise for the payment of any part of the
principal of gross debt, other than debt incurred
for water, gas, electric light or power purposes or
sanitary sewer purposes (to the extent deductible
under Section 159-55(b) of the General Statutes),
or two or more of these purposes.
76.200,000
Orange Co Docs 12 2 02
4. Bonded debt included in gross debt
and incurred, or to be incurred, for water, gas or
electric light or power purposes, or any two or
more of such purposes.
5. Bonded debt included in gross debt
and incurred, or to be incurred, for sanitary
sewer purposes (to the extent deductible under
Section 159-55(b) of the General Statutes).
6. Uncollected special assessments
levied for local improvements for which any part
of gross debt (that is not otherwise deducted)
was or is to be incurred, to the extent that the
special assessments will be applied, when
collected, to the payment of any part of the gross
debt.
7. Estimate of special assessments to be
levied for local improvements for which any part
of gross debt (that is not otherwise deducted)
was or is to be incurred, to the extent that the
special assessments will be applied, when
collected, to the payment of any part of the gross
debt.
Total deductions (Sum of 1 through 7) $ 76.200,000
C. Net Debt, being the difference between
Total Gross Debt (A) and Total Deductions $131,474,445
(B).
Orange Co Docs 12 2 02
D. Appraised Value of property subject
to taxation, being the value from which the
assessed value last frxed for taxation was
computed, as revealed by the County tax
records and certified by the County Tax $9.106,470.893
Assessor.
E. Percentage that Net Debt bears to the
appraised value of property subject to 1.44%
tcz~ation.
WITNESS my signature this _L~~day of December, 2002.
%~!~~ ~ ~~~
Kenneth T. Chavious
Finance Officer
Orange County, North Carolina
Orange Co Docs 12 2 02
STATE OF NORTH CAROLINA
ORANGE COUNTY
Subscribed and sworn before me this ~ day of December, 2002.
~o
otary Public
[Seal]
My commission expires /D -/3-/2d~
I, John Smith, Orange County Tax Assessor, hereby certify that the assessed
value last fixed for taxation in Orange County, as revealed by Orange County tax
records (before the application of any assessment ratio), is $9.106.470.893.
WITNESS my signature this ~ day of December, 2002.
~
Tax As
range County, North Carolina
I, the Clerk to the Board of Commissioners of Orange County, North
Carolina, certify that the f~regoing is a true copy of a statement which was filed
with me on December ~, 2002, after the introduction of, and before the public
hearing on, an order authorizing refunding bonds of Orange County, North
Carolina, and that said statement is open to public inspection in my office.
Clerk, Board of Commissioners
Orange County, North Carolina
Orange Co Docs 12 2 02