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HomeMy WebLinkAboutRES-2001-078 Resolution for Introduction of Bond Orders and Public Hearing .56 SWORN STATEMENT OF DEBT For Orange County, North Carolina I, Kenneth T. Chavious, being first duly sworn, do hereby 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, North Carolina, 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, North Carolina, 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 ($) Schools 68,882,500 Parks and recreational facilities 2,747,500 Refunding 15,655,000 Public Improvements 2,745,000 Total $ 90.030,000 2. Bonds authorized by orders introduced but not yet adopted: Purpose Amount ($1 Schools Parks and recreational facilities I Total $ 0 3. Unissued bonds authorized by adopted orders: Total $ 18,670,000 4. Outstanding debt not evidenced by bonds: Purpose Amount ($1 Schools 31 ,306,763 County buildings 2,534,215 Total $ 33,840.978 Total Gross Debt (sum of 1 through 4) $142,540,978 B. Deductions from Gross Debt 1 . Funding and refunding bonds authorized by orders introduced but not yet 0 adopted. 2. Funding and refunding bonds authorized but not yet issued. 0 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 0 more of these purposes. 4. Bonded debt included in gross debt and incurred, or to be incurred, for water, gas or electric light or power 0 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 0 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 0 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 0 any part of the gross debt. Total deductions (Sum of 1 through 7) $ 0 C. Net Debt, being the difference between Total Gross Debt (A) and Total $ 142,540,978 Deductions (B). D. Appraised Value of property subject to taxation, being the value from which the assessed value last fixed for taxation was computed, as estimated for budget purposes by the $ 9,085,150,000 by the County Tax Assessor. E. Percentage that Net Debt bears to the appraised value of property subject 1 .57% to taxation. WITNESS my signature this 15th day of August, 2001 . Kenneth T. Chavious Finance Officer Orange County, North Carolina STATE OF NORTH CAROLINA ORANGE COUNTY Subscribed and sworn before me this 15th day of August, 2001. tary Public [Seal] My commission expires I, John Smith, Orange County Tax Assessor, hereby certify that the assessed value for taxation in Orange County, North Carolina, as estimated for budget purposes by information obtained from the County tax records (exclusive of the application of any assessment ratio), is $9,185,150,000. WITNESS my signature this 15th day of August, 2001. ssessor Orange County, North Carolina I, Beverly A. Blythe, Clerk to the Board of Commissioners of Orange County, North Carolina, do hereby certify that the foregoing is a true copy of a statement which was filed with me on August 15, 2001 , after the introduction of, and before the public hearing on, orders authorizing bonds of Orange County, North Carolina, and that said statement is open to public inspection in my office. ViL�ofi= Beverly A. Blythe Clerk, Board of Commissioners Orange County, North Carolina o ; tp of, © 5� r�