Orange County NC Website
Browse       Search
3 <br /> A motion was made by Commissioner Insko, seconded by Chair Carey <br /> to approve the changes as stated above which includes the change in wording <br /> of Section 3 (a) , the name of the resolution and the map. <br /> VOTE: UNANIMOUS <br /> B. COUNTY FINANCING FOR SCHOOL CONSTRUCTION UNDER NCGS SECTION 160A-20 <br /> A motion was made by Commissioner Gordon, seconded by Commissioner <br /> Halkiotis to approve a resolution requesting that the Orange County <br /> legislative delegation introduce and support legislation authorizing Orange <br /> County to finance school construction under Section 160A-20 of the North <br /> Carolina General Statutes as stated below: <br /> ORANGE COUNTY BOARD OF COMMISSIONERS <br /> ORANGE COUNTY BOARD OF EDUCATION <br /> CHAPEL HILL-CARRBORO BOARD OF EDUCATION <br /> A RESOLUTION IN SUPPORT OF COUNTY FINANCING FOR SCHOOL <br /> CONSTRUCTION UNDER SECTION 160A-20 <br /> WHEREAS, Section 160A-20 of the North Carolina General Statutes <br /> authorizes local governments to engage in "installment financing", whereby <br /> North Carolina counties, cities and certain other governmental units can <br /> borrow money on a non-recourse basis by securing their repayment obligations <br /> with a pledge (mortgage) of properties to be improved or financed with the <br /> financing proceeds; and <br /> WHEREAS, Section 160A-20 does not authorize such financing by Boards <br /> of Education; and <br /> WHEREAS, several North Carolina counties have obtained local <br /> legislation which enables those counties to undertake 160A-20 financing for <br /> school purposes on behalf of Boards of Education within those counties, and; <br /> WHEREAS, similar local legislation would authorize Orange County to own <br /> and construct school buildings and to equip school buildings constructed and <br /> would authorize the Boards of Education in Orange County to convey property <br /> to the County to enable the County to own, construct, and equip school <br /> buildings using 160A-20 financing; and <br /> WHEREAS, the Orange County Board of Commissioners, the Orange County <br /> Board of Education and the Chapel Hill-Carrboro Board of Education have <br /> determined that 160A-20 financing is one appropriate method for financing <br /> school building projects; <br /> NOW, THEREFORE the Orange County Board of Commissioners, the Orange <br /> County Board of Education, and the Chapel Hill-Carrboro Board of Education do <br /> hereby jointly request the legislative delegation representing Orange County <br /> to introduce and support the attached local legislation during the 1994 Short <br /> Session of the North Carolina General Assembly. <br /> VOTE: UNANIMOUS <br /> VI. SPECIAL PRESENTATIONS - NONE <br /> VII. PUBLIC HEARINGS <br /> A. PETITION FOR ABANDONMENT - RIGHT-OF-WAY IN HIDEAWAY ESTATES <br /> SUBDIVISION <br />