Orange County NC Website
o BOCC makes preliminary determination of proposed amount and projects <br />• Late May and Early June 2004 <br />o Work with Local Government Commission regard to application and <br />approval process <br />• Before end of fiscal year 2003-04 <br />a Conduct public hearings and adopt necessary resolutions and bond <br />orders <br />• Late Summer/Fall <br />o Debt issuance <br />Donna Dean explained the charts, which showed the Debt Issuance Schedule by Fiscal <br />Year. <br />Commissioner Gordon said that she noticed that the total debt had increased and it <br />looked like the debt was being shifted to later years. She would like to see the list of <br />projects proposed for the net debt reduction, the $4.2 million. She would also like to see <br />haw the debt capacity stands and asked staff to produce a chart showing the details for <br />each year. She said that there is a possibility of interest rates going up. She asked <br />about the input received from the other jurisdictions and Donna Dean said that it reflects <br />what the jurisdictions have told them. <br />Donna Dean said that they have not included the Board of Education addition because <br />of recent discussions about one central office or two offices. <br />Commissioner Gordon asked about future County facilities and asked if other things <br />would go into that line item besides Government Services Center, Planning and Ag <br />Center renovations, and the Farmer's Market. <br />Donna Dean said that when the Board approved the original schedule in September <br />2002, these were specific projects. Since that time, the Board has made the decision <br />not to build an addition to the Government Services Center, but they recognize that they <br />still need to do something about County space, so they put all the projects together and <br />called it County facilities. <br />John Link said that they are going to have to address the short and long term needs of <br />EMS. The animal shelter is another one. <br />Commissioner Carey said that he noticed the total amount went up in Section 2. Donna <br />Dean said that it was because two years ago when they did this plan, they did not know <br />they would have the opportunity to issue the 2I3 net debt, so it went up by that amount. <br />Another reason for the increase is the third high school. <br />Chair Jacobs asked about #10 and #11 under Schools, CHCCS Unfunded from Bond <br />Request. Donna Dean said that these were renovations that CHCCS had identified <br />during the 2001 Capital Need Advisory Task Force. The original total was $11.1 million, <br />and the Commissioners agreed to fund it with alternative financing. CHCCS has since <br />