Orange County NC Website
� <br /> November 2001 Parks and Open Space Bonds: <br /> Authorized $20,000,000 <br /> Issued as of 12/31/08 $14,500,000 <br /> Authorized and unissued 12/31/08 $ 5,500,000 <br /> On April 24, 2009 the BOCC approved the issuance of $28.2 million of alternative financing <br /> bank qualified tax exempt debt, including $2.8 million for parks and open space. The BOCC <br /> approved the $2.8 million to replace part of the $5.5 million originally authorized in 2001 but <br /> lapsed in 2008. It is the intent of BOCC to issue the remaining $2.7 million for Parks and Open <br /> Space when financing is sought for elementary#11. <br /> 4/24/09 Alternative Debt Financing $ 2,800,000 <br /> 6/16/09 Capital Project Ordinance Amendments - Projects Funded <br /> Homestead Aquatics $ 500,000 Closed <br /> Cedar Grove Park 500,000 Active <br /> Fairview Park 700,000 Active <br /> Lands Legacy 1,100,000 Active <br /> Total $ 2,800.000 <br /> Attached are the minutes from the BOCC meeting on 6/16/09 <br />