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Commissioner Gordan said that historically in setting impact fees, we have asked the school <br />boards for a recommendation and we have followed that recommendation. Secondly, she asked why <br />we would not want to increase the revenue for CHCCS instead of keeping it the same. She supports the <br />Orange County School Board recommendation of 56°~ and supports 75°l° at a minimum for the Chapel <br />Hill-Carrboro City Schools so that they will have the same amount of increased revenue as the Orange <br />County Schools. <br />Commissioner Carey said that when he voted for the impact fee in the past, he was not voting <br />on the level that was approved because the School Board asked far it. That was not the basis on which <br />he made his decision. He serves the citizens in this County in a reasonable manner. He feels that the <br />proposal he put on the table is a reasonable one. <br />Chair Halkiotis said that he would support the 60°~ level far impact fees for the Chapel Hill- <br />Carrboro City Schools system and 56% for the Orange County schools. <br />A motion was made by Commissioner Brown, seconded by Commissioner Carey to approve <br />56% of the maximum supportable impact fee far the Orange County Schools, which was requested by <br />the Orange County School Board. <br />VOTE: UNANIMOUS <br />A motion was made by Commissioner Carey, seconded by Commissioner Jacobs to approve <br />60°l0 of the maximum supportable impact fee for the Chapel Hill-Carrboro City Schools. This is $4,407 <br />for single-family housing and $1,979 for all other housing. <br />VOTE: 3 - 2 (Commissioner Brown would like far the impact fee to go to the maximum fee requested by <br />the Chapel Hill-Carrboro City Schools. Commissioner Gordan said we should support something close <br />to what the Chapel Hill-Carrboro City School Board requested and set the fee at $6,000 for single-family <br />housing and $2,694 for all other housing {a reduction from the current $3,000 fee) because the Chapel <br />Hill-Carrboro City Schools desperately need the money due to the rapid influx of new students. <br />These impact fees will be effective July 1, 2001 for building permits issued July 15t and later. <br />6. SPECIAL PRESENTATIONS -NONE <br />7. PUBLIC HEARINGS <br />a. Public Hearing on the Issuance of Refundina Bonds and Adoption of Refundina Bond <br />Orders The Board conducted a public hearing on the advisability of issuing refunding bonds and <br />considered authorizing the issuance of refunding bonds. <br />Finance Director Ken Chavious said that this public hearing was established by the Board at <br />the June 12th work session when a bond order was introduced that would allow the County to pursue a <br />refunding of same bonds that were sold in 1994 and approved by the voters in 1992. It is estimated that <br />the County will save approximately $50,000 annually and over $700,000 aver the remaining life of the <br />bonds. <br />Bond Attorney Bob Jessup said that this public hearing was the next required step in the <br />process set out in the statutes. If the bonds are approved, then they will be combined with the next <br />installment of bonds from the 1997 referendum for a sale at the end of July with the closing set for the <br />middle of August. <br />There were no comments from the public. A motion was made by Commissioner Carey, <br />seconded by Commissioner Brown to close the public hearing. <br />VOTE: UNANIMOUS <br />A motion was made by Commissioner Brown, seconded by Commissioner Jacobs to adopt <br />the bond order providing for the issuance of up to $24 million in refunding bonds, in accordance with the <br />resolution, which is incorporated herein by reference. <br />VOTE: UNANIMOUS <br />A motion was made by Commissioner Carey, seconded by Commissioner Brown to adopt the <br />resolution, which is incorporated herein by reference, directing the Clerk to publish the notice of the <br />adoption of the bond order. <br />