Orange County NC Website
Browse       Search
i <br /> 13 <br /> Notice of Public Hearing -- Orange County Bonds <br /> For Parks. Recreation and Open Space <br /> BOND ORDER AUTHORIZING THE ISSUANCE OF GENERAL <br /> OBLIGATION BONDS FOR PARKS, RECREATION AND OPEN SPACE IN <br /> THE MAXIMUM AMOUNT OF $2090009000 <br /> WHEREAS <br /> The Board of Commissioners of Orange County, North Carolina, by <br /> resolution adopted on June 25, 2001, has stated its proposal to issue general <br /> obligation bonds to pay capital costs of providing parks, recreation and open space. <br /> The County has applied to the North Carolina Local Government <br /> Commission for its approval of such bonds, and the Commission has accepted the <br /> County's application. <br /> BE IT ORDERED by the Board of Commissioners of Orange County, <br /> North Carolina, as follows: <br /> 1. There are hereby ordered to be issued general obligation school <br /> bonds of the County to pay capital costs of providing parks, open space and <br /> recreational facilities, together with related financing and other necessary or <br /> incidental costs. <br /> 2. The maximum aggregate principal amount of the bonds issued <br /> for such purpose will be $20,000,000. <br /> 3. Taxes will be levied in an amount sufficient to pay the principal <br /> of and interest on the bonds so issued. <br /> 4. A sworn statement of debt prepared by the County's Finance <br /> Officer has been filed with the Clerk to this Board and is open to public inspection. <br /> 5. This Bond Order will take effect when approved by the County's <br /> voters in the manner provided by law. <br /> BONDORD&PHRES0814 <br />