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Commissioner Jacobs reported that there was a meeting last week about Fairview Park and the planning. There is a plan to move forward and they are involving the Health Department and the Public Works Departments of the two jurisdictions to see if there could be ca-location of Hillsborough's facilities. Commissioner Jacobs said that he requested from the Planning Director that our Transportation Planner go to Githens Junior High School Wednesday night for the NCDOT hearing about the 15-501 bridge over New Hope Creek. The Board passed a resolution supporting a widened, extended, higher bridge to allow for more wildlife access and less degradation of the water way. Commissioner Halkiotis said that he and Commissioner Jacobs met with the Manager, County Attorney, and Assistant Manager to deal with the local legislative proposals. There is a very detailed list. Commissioner Halkiotis said that it is highly significant that they met with Congressman Price and there was massive success with $990,000 coming to Orange County. Commissioner Halkiotis said that he met last week with a small group that is pushing a solar initiative. He is disheartened and he wants to see the Northern Center group called together quickly to move this project along. Commissioner Halkiotis reported that on March 6t" he and Commissioner Jacobs will meet with the Manager and NCDOT about some different issues. He said that a family member of his was almost killed last week at the intersection of Lawrence Road and US 70 where atractor-trailer truck coming off the interstate did not stop for the red light. He said that something needs to be done to lower the speed limit on this road. 4. COUNTY MANAGER'S REPORT -none 5. RESOLUTIONS/PROCLAMATIONS a. Resolution of Appreciation for Tommy Thompson (Delayed to March 5, 20D3 regular meeting} The Board was to consider approving a resolution of appreciation far Tommy Thompson of the Red Clay Ramblers for his contribution to Orange County and American music. b. Resolution for Sale of 2001 Bonds and Refunding of 1993 Bonds The Board considered adopting a resolution formally authorizing the March 11, 2003 sale of 2001 referendum bonds and the 1993 refunding bond previously approved by the Board. Verbatim: Finance Director Ken Chavious: This is the final action that you will have to take related to our scheduled sale of the 2001 bonds scheduled for March the 11t" as well as the refunding bonds. We want you to consider adopting a resolution that will allow us to take all of these final actions going into the sale date. We have discussed this that the refunding bonds will be saving over a million dollars over the term of the bonds and over a $100,000 annually. And we expect that to fare very well with the rates on our new money sale as well. As a matter of fact, on Friday, I met with (in a conference call} the rating agencies last week and we have maintained our triple A rating with one of those agencies. Which is, considering everything we have gone through over the last two years, I am very pleased with us maintaining that rating which is going to give us an excellent interest rate. What this resolution does, it formally authorizes the sale of the 2001 bonds and the sale of the refunding bands; it formally pledges the County's taxing power to provide the payments far the bonds; it also authorizes me, in consultation with the LGC, to set the final payment schedule; it also approves a form of the official statement that you received under separate cover (it looks like this, has draft on it and has some blanks on it that we need to fill in) it makes the required continuing disclosure commitments. What that means is even after we receive the money we have to disclose to the FCC on an annual basis our financial condition and our ability to continue to pay those bonds. It also authorizes the county staff to complete the process of issuing these bonds. This resolution has been prepared by Bab Jessup who is here (our bond counsel}. I mentioned the financial impact, which is recommending that you adopt this resolution so we can get on with this bond sale. I will be glad to answer any questions you may have. A motion was made by Commissioner Halkiotis, seconded by Commissioner Jacobs to accept the Manager's recommendation which recommends that the Board adopt the resolution formally