2010-123 AMS - Eno River Parking Deck LLC Lease Eno River Parking Deck

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J'- >oo ~ d. Amendment to the Eno River Il~l>... ll~ Lease The Board considered approval of an Amendment to the Eno River tY 1 Lease and its corresponding "`tiiu of Le~~~f to include in the description of the leased property, existing easements providing vehicular and pedestrian access to the ; I across the Gateway Center property, and comparable easements being created across the County Office Building property and the County Library property and authorizing the Chair to sign. Commissioner Jacobs said that staff is working on a plan for public parking at the new office building and library and there has been confusion about parking at the Gateway Center. He hopes that staff will report back soon with the parking plan. Asset and Purchasing Services Director Pam Jones said that a report will be coming back to the Board on November 6'h on the parking issue. The target date for occupation is mid-November and then occupation will be a rolling system. A motion was made by Commissioner Hemminger, seconded by Commissioner Nelson to approve an Amendment to the Eno River €It Lease and its corresponding ~`lltt>ft#``It1 of t~" to include in the description of the leased property, existing easements providing vehicular and pedestrian access to the j`)#`i across the Gateway Center property, and comparable easements being created across the County Office Building property and the County Library property and authorize the Chair to sign. VOTE: UNANIMOUS L Board of Commissioners Meeting Calendar for Year 2010 The Board considered final approval of the regular meeting schedule for the Board of County Commissioners for calendar year 2010. A motion was made by Commissioner Jacobs, seconded by Commissioner Yuhasz to approve the 2010 calendar with the proposed written changes in abstract as well as moving the January 26`h closed session to Monday, January 25`h. (Commissioner Jacobs has a work conflict) VOTE: UNANIMOUS 5. Public Hearings a. Public Hearing on the Issuance of Up to $4.6 Million of Qualified School Construction Bonds for the Carrboro Hiah School Arts Wing The Board considered an update on the status of the proposed issuance of up to $4.6 million of Qualified School Construction Bonds for the Carrboro High School Arts Wing and to conduct a public hearing to receive public input. Bond Counsel Bob Jessup said that the purpose of this is to take public comment on issuing $4.6 million in bond funds for the Carrboro High School Arts Wing. The Qualified School Construction Bonds are intended to be a very low-interest cost financing option for school projects. The reason that this is going to public hearing is that right now there is not a market for anyone that wants to buy these bonds. Staff is trying to push the procedural aspects of this project as far along as it can in the expectation that the market will develop and then Orange County will be farther ahead of the procedural process so that it can be developed more quickly. He made reference to the memo, which outlines the pros and cons of continuing to push forward with this. The recommendation is for the Board to take public comment and offer direction to staff on the issuance of the bonds.