Orange County NC Website
h. Second Reading: Amendment to the Orange County Personnel Ordinance Article IV <br />Section 9.4 Supplemental Retirement r401(k)1 EmMover's Contribution to Include 457 <br />Plans as an Additional Contribution Option <br />The Board approved on second reading an amendment to the Orange County Personnel <br />Ordinance Article IV, Section 9.4 Supplemental Retirement [401(k)] Employer's Contribution to <br />allow the Orange County employer contribution to go to either an authorized 401 (k) <br />Supplemental Retirement Plan or 457 Deferred Compensation Plan effective January 1, 2011. <br />I. Terradotta.com Lease: 501 W. Franklin Street — Suites 105 and 106 <br />The Board approved the lease renewals and authorized the Chair to sign the lease documents <br />as presented for Terradotta.com for the term December 3, 2010 through December 2, 2011 at <br />the following lease rates: <br />- Suite 105 - $10,400 per year <br />- Suite 106 - $6,060 per year <br />L Fiscal Year 2010 -11 Budget Amendment #4 <br />The Board approved budget ordinance amendments for fiscal year 2010 -11 for Housing and <br />Community Development, Solid Waste Enterprise Fund, Sheriff Department, and Department <br />on Aging. <br />k. To Adopt Final Bond Resolution Authorizing the Issue of Limited Obligation <br />Refunding Bonds in the Maximum Amount of $101.6 million and to Issue Additional <br />$2 Million to Finance Computer Hardware /Software and Communications Equipment <br />This item was removed and placed at the end of the consent agenda for separate <br />consideration. <br />VOTE ON CONSENT AGENDA: UNANIMOUS <br />5. Items Removed From Consent Agenda <br />k. To Adopt Final Bond Resolution Authorizing the Issue of Limited <br />Obligation Refunding Bonds in the Maximum Amount of $101.6 million and to Issue <br />Additional $2 Million to Finance Computer Hardware /Software and Communications <br />Equipment <br />The Board considered a final bond resolution authorizing the issue of Limited <br />Obligation Refunding bonds in the maximum amount of $101.6 million, and to issue an <br />additional $2 million in financing for computer hardware /software and communications <br />equipment. <br />Commissioner Gordon said that since the County Commissioners received this item <br />late, she wanted to make sure that this is the same thing they discussed at a previous meeting. <br />Clarence Grier said that it is the same thing, except for one term change. Instead of <br />"general obligation bonds," it is "limited obligation bonds," which is the same thing as alternative <br />financing. <br />A motion was made by Commissioner Pelissier, seconded by Commissioner Jacobs to <br />adopt the Resolution for Sale of Refunding Bonds, which is incorporated by reference, and <br />additional financing for computer hardware /software and communications equipment. <br />VOTE: UNANIMOUS <br />6. Public Hearings -NONE <br />7. Regular Agenda <br />a. Orange County Schools Board of Education Resolution Regarding the <br />County's Capital Fundina Policy and the Use of Lottery Funds <br />