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<br />Agenda Itern 18: Char!~e Order
<br />Hllllld.n $°Y'V1CC.5 Gl.aildin
<br />CDlr;il?1~S'Ia~er ~ai'11c5 rnv\'ed, SCCOnd;'CI by Camnti~isiarTer i,illhoit, tU
<br />approve the liana ~r~'s reca:ra;er:daion to accept General Contract
<br />Chz.nge Order iw. 3 for a1,75D to relmwe rock at the I;uarYn 5crvic4s
<br />~ui1ding, Vnte: dyes, 5; noes, 0.
<br />Agenda Ite;n 19: Resolution
<br />y ---
<br />The Finance Officer expiain~~d the findings in ~'~. Resolution Concerning
<br />an r"~.pplicraion -Far the :,ala of ~20,~CID,000 General O;.rligation Bends.
<br />A I~.CSOi_U?"TDr~ COiwC~.r.it)."dv FrPi APa"L:Cr~1~IQiJ FOR TF{E SA.1_E Or
<br />~c0,~•OD,OOO G-""N5^AL O2LIGA~1DPi 'u'OtiDS
<br />The Orange County 3oard of Cort,nissioners herefTy resolvca to f i1P
<br />zn application for" approval of issuance of general obligation bonds in
<br />rile z~~~a>.mt of ,"~ZO,~DD,OOD with $;-re PJDt°th Carolina Local Govcr'nrr,ent Crnrl:nission
<br />hasEd on the follo:~fin•~:
<br />1) Bonds will be issued for the purpose of renovating and/or
<br />expand~ir:g the County's facilities for health ca'.'e, genoral
<br />gaaernl~!ent, and schools. In addition, the County will issu^
<br />bonds for the puI'pose of purc`rasing voting machine equipment.
<br />2) Capital needs of rite County have been idzntified in the County's
<br />five--year capital 11?lpr"OJETIGntS program as appr'•oved by the Eoard
<br />on June 3D, 1979. Purposes for which bonds will be -issued
<br />are cansi.,t.ent tritli 'i:his plan.
<br />3) The art;,ul;t of 'tiT2 bonds proposed arr! based on curt'en'i: estimates
<br />by architects, engineers and vendors and are adequate and not'
<br />excessive '`or the proposed pur^poses.
<br />4) Debt utanage;:~ent policies of Orange County have hcen carried out
<br />in strict compliance vrith the law and will henceforth be so carried
<br />out. The County is not, nor has ever' been, in cie;ault.
<br />5) Eudgetary grid fiscal r;:anagement policies have: bean carried out
<br />in strict compliance ~~riih tPle Local Govcr,Tn;ent Eirdget & I~isr.al
<br />Control Act and trill continue to be so carried out.
<br />6) The incr•aase in pro7er'ty tax will not be excessive, but will
<br />result in a tax increase of approximately 4 cents par hundred
<br />dollars of property valuation in the peak year of deaf service
<br />based on the estimated increase in valuation. [3asecl on current
<br />valuation, this increase arould result in an approxinta'l:e increase
<br />of 8 cents pFr hunched dollars of property valuation during rile
<br />peak year.
<br />- - Furthprrrt~re, the Eoard hareby design.:'Les i~:aal Evans, Orange Caunt~.~
<br />i'ia;:•,4e ^=ricer as tFte ,eprese„tztiv~ autl•:n;,i;_r;1 to file i.ha aoplicai:ion
<br />fc:r apron+el of~bons ~:~it1T the Local Govt; nc;2;lt Cenlttission. The County's
<br />..,'. (.7 ~~'I-!~_r tS' ~ ~ e7y _.;'. l.ltc'r~t Z~''i1 tl~ ei!~ill!~ly t~f1r~:1 r:aursel i-(l rep;,-', F,1 ~• t},~ ~(i:it-,-y.
<br />.,i ., (I~`~ aU;.i:~;"i[c~t0~i1 i:n:; i$SLIiiILL' Gf GVnds. •
<br />Commissioner Gustav?san moved, seconded by Commissioner t~Jhitteci,
<br />t0 odC,l:t ' FZe 501.1 i.'I Oi? CQ'lCFrillll+''j an App1 ication for the gal i' of ,ti[i),4Q7,D'~l
<br />O!rleral D~i'IC'c~tiG:-i ~•vtld UDtF': ayc5> 5~ n02>, Q.
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