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. A <br />~ t <br />NORTH CAROLINA <br />ORANGE COUNTY <br />RESOLUTION <br />WHEREAS, on October 1, 1991 the Orange County Recreation and <br />Parks Advisory Council recommended that Orange County enter into <br />a joint venture with the Triangle Community Center for <br />construction of a public swimming pool in central Orange County <br />which would fulfill one of the goals outlined in Orange County's <br />adopted Master Recreation and Parks Plan; and <br />WHEREAS, Orange County has made a commitment to its <br />residents through its Master Recreation and Parks Plan to <br />providing swimming pool and other recreation programs available <br />to the citizens of Orange County at a reasonable cost and without <br />discrimination among users; and <br />WriEREAS, on March 1, 1994 Orange County and the Grange <br />County Community Activity Corporation entered into a Facilities/ <br />Services Agreement related to the construction and the operation <br />of a Community Activity Center which would include three swimming <br />pools and other facilities including an ice rink; and <br />- WHEREAS, the Orange County Community Activity Corporation, a <br />non-profit organization authorized to own, operate and manage <br />recreational activities in the County, agreed to construct and <br />finance the construction of a Community Activity Center through a <br />"63-20" financing in which the corporation would issue its own <br />corporate debt and in which Orange County would not be liable for <br />any payment of that debt; .and <br />1 <br />