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~ s <br /> 8 <br /> in accordance with North Carolina statutory requirements <br /> y q meats <br /> and has obtained an unqualified opinion from a certified <br /> public accountant in connection with each annual audit. <br /> 6. Retirement of debt: In order to satisfy the estimated <br /> increase in debt service requirements, Orange County <br /> y <br /> will use ad valorem <br /> taxes of $0.01 (one cent) per <br /> $100.00 assessed valuation. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE ORANGE COUNTY BOARD OF COMMISSIONERS: <br /> A. The Orange County Clerk to the Board is directed to <br /> publish notice of intent to make application to the <br /> Local Government Commission of the State of North <br /> Carolina for approval of the bond issue in the amount of <br /> $5,000,000.00 as required by North Carolina General <br /> Statute 159-50. <br /> B. The Orange County Finance Director is directed to file <br /> application for approval of the bonds with the Local <br /> Government Commission as required by North Carolina <br /> General Statute 159-51, and is designated the <br /> representative of the County for said purpose. <br /> C. That a bond referendum be submitted to the qualified <br /> voters of Orange County for said $5,000, 000.00 on <br /> November 8, 1994. <br /> D. The Orange County Finance Director is authorized to <br /> employ bond counsel to represent the County in the <br /> authorization and issuance of bonds. <br /> I, Beverly A. Blythe, Clerk to the Board of County Commissioners of Orange <br /> County, do hereby certify that the resolution set out above was duly adopted <br /> in the regular meeting of the Board held at 7:30 o'clock P.M. , August 8, <br /> 1994, and that same was duly recorded in the minutes of said meeting. <br /> This the 8th day of August, 1994 <br /> VOTE: UNANIMOUS <br /> IX. ITEMS FOR DECISION - REGULAR AGENDA <br /> A. PROPOSED ZONING ORDINANCE TEXT AMENDMENTS FOR ECONOMIC DEVELOPMENT <br /> DISTRICT LOCATIONAL CRITERIA <br /> Planning Director Marvin Collins presented for Board consideration <br /> proposed amendments to the Land Use Element and Zoning Ordinance regarding <br /> locational criteria applicable to Economic Development Districts. The <br /> proposed amendments were presented at public hearing on May 23, 1994. No <br /> citizens spoke concerning either the amendments proposed by the Ordinance <br /> Review Committee or by Commissioner Gordon. The Planning Board considered the <br /> proposed amendments at its July 18, 1994 meeting and voted 9-1 to recommend <br /> approval of the amendments as recommended by the Ordinance Review Committee. <br />