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Resolution supporting an application to the Local Government Commission <br /> for its approval of alternative financing arrangements for the County <br /> WHEREAS, <br /> The Orange County Board of Commissioners has previously determined to <br /> undertake certain capital projects, as further described below: <br /> Project Approximate Amount To Be Financed <br /> Acquisition and equipping of County $25,000,000 <br /> portion of Gateway Center, County <br /> office building and library, and library <br /> development <br /> Parks and open space projects $5,500,000 <br /> Affordable housing projects $1,400,000 <br /> Solid waste equipment $217,000 <br /> Property management information $1,500,000 <br /> system <br /> The Board has previously made a preliminary determination to finance costs <br /> for these projects by the use of an installment contract, as authorized under Section <br /> 160A-20 of the North Carolina General Statutes. <br /> Under the guidelines of the North Carolina Local Government Commission, <br /> this governing body must make certain findings of fact to support the County's <br /> application for the LGC's approval of the County's proposed financing <br /> arrangements. <br /> BE IT RESOLVED by the Board of Commissioners of Orange County, <br /> North Carolina, that the County confirms its preliminary determination to carry <br /> out and finance the projects described above. The Board will make a final <br /> determination of the projects and amounts to be financed, and make a final <br /> approval of financing terms and conditions, by a subsequent resolution. <br />