ORD-2010-089 Fiscal Year 2010-2011 Budget Amendment #3

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o,P~J -~2osa - ~~ ~o-ly-ot~sa y/` The Board approved the dedication of right of way along Eubanks Road to complete Orange County's requirements pursuant to a Site Plan approved by the Town of Carrboro for the construction of Morris Grove Elementary School and authorized the Manager to sign. h. Chances in BOCC Regular Meetina Schedule for 2010 The Board approved one change in the County Commissioners' regular meeting calendar for year 2010 by changing the location of the joint dinner meeting with the Orange County Planning Board, scheduled for Monday, November 22, 2010 at 5:30 p.m. FROM the DSS Offices, 103 Mayo Street, TO the Link Government Services Center, 200 South Cameron Street, Hillsborough N. C. The Quarterly Public Hearing, scheduled for November 22"d at 7:00 p.m., will remain at the DSS Offices, 113 Mayo Street, Hillsborough, N. C. i. Board of Commissioners Meeting Calendar for Year 2011 The Board approved the regular meeting schedule for the Board of County Commissioners for calendar year 2011. L Fiscal Year 2010-11 Budaet Amendment #3 The Board approved budget ordinance amendments for fiscal year 2010-11 for the Health Department, Department on Aging, Department of Social Services, and Visitors Bureau Fund. k. Impact Fee Reimbursement Reauest -Community Home Trust The Board approved an impact fee reimbursement request from Community Home Trust for $6,092 for one new home in Carrboro. VOTE ON CONSENT AGENDA: UNANIMOUS 5. Items Removed From Consent Agenda Item 'e', Interlocal Agreement between Town of Hillsborough and Orange County for Stormwater Program Management and Erosion Control Services, was removed from the meeting agenda and not considered. 6. Public Hearings a. Public Hearina and Consideration of Resolution Authorizing Application to the Local Government Commission to Issue Up to $103 6 Million in General Obligation Refunding Bonds and Financina of $2 Million for Computer Hardware/Software and Communications Equipment The Board held a public hearing and considered approving a resolution authorizing application to the Local Government commission to issue up to $103.6 million in General Obligation Refunding Bonds and to finance $2 Million in computer hardware/software and communications equipment. Financial Services Director Clarence Grier summarized this item. He said that as the economy has turned, interest rates have been low, and this provides an opportunity to look at the debt and refinance some debt, which provides a savings. This fiscal year alone, if everything goes as scheduled, the debt service will be reduced by $1.8 million. A motion was made by Commissioner Hemminger, seconded by Commissioner Yuhasz to close the public hearing. A motion was made by Commissioner Hemminger, seconded by Commissioner Pelissier to authorize staff to proceed with an application requesting the Local Government Commission's approval to issue up to $103.6 million of refunding bonds for the purpose of refunding various debt obligations of the County; and to finance $2 million for the purchase of computer software, Sheriff's Department radios and telephone related equipment; and authorize