Orange County NC Website
FINANCIAL IMPACT: The resulting financial impact of this action is a savings in future debt <br />service costs described above. <br />RECOMMENDATION(S): The Manager recommends that the Beard approve the attached <br />resolufion 1) authorizing- staff`-to proceed with an application requesting_ the Local Govefnment <br />Commission's approval to issue up to $42.5 million of refunding bonds for the purpose of <br />refunding the 2007 COPS of the County; and 2) authorizing Davenport and Company, LLC, to <br />serve as Financial Advisor and the firm of Sanford Holshouser, LLP, represented by Bob <br />Jessup, to serve as Bond Counsel <br />