Orange County NC Website
2 <br />FINANCIAL IMPACT: The financial impact of proceeding with the above actions is that the <br />County will possibly be able to achieve savings of future debt service cost. The total amount of <br />future savings will be determined as the County moves closer to the potential issuance of the <br />debt. <br />RECOMMENDATION(S): The Manager recommends that the Board: <br />1) Adopt the Bond Order for the issuance of General Obligation Refunding Bonds in the <br />maximum amount of $47,000,000 to refund- Public Improvement Bonds Issued in 2004 <br />and 2005; and <br />2) Adopt the Resolution- Regarding Publication of Bond Order. <br />