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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 18, 2013 <br /> Action Agenda <br /> Item No. 5-r <br /> SUBJECT: Adoption of Final Resolution Authorizing the Issuance of$10,000,000 <br /> Installment Financing for Various Capital Investment Plan Projects and County <br /> Equipment <br /> DEPARTMENT: Finance and Administrative PUBLIC HEARING: (Y/N) N� <br /> Services <br /> ATTACHMENT(S): INFORMATION CONTACTS: <br /> 1. Resolution Approving Financing <br /> Terms and Documents for 2013 Clarence Grier, 919-245-2453 <br /> Installment Financing Robert Jessup, 919-933-9891 <br /> 2. Proposed Debt Service Schedule <br /> 3. Bid Summary <br /> PURPOSE: To adopt the final financing resolution authorizing the issuance of $10,000,000 <br /> Installment Financing for Various Capital Investment Plan Projects and County Equipment. <br /> BACKGROUND: During the April 23, 2013 meeting, the Board of County Commissioners <br /> approved various capital projects for installment financing. These projects included the <br /> following: <br /> Debt Financing in FY 2012-13 <br /> County Projects Amount <br /> Southern HSC (Future Planning) $ 300,000 <br /> HVAC Projects $ 1,553,201 <br /> Roofing Projects $ 165,000 <br /> Information Technology $ 702,500 <br /> Whitted Building $ 295,000 <br /> VIPER Radio System $ 543,750 <br /> Communications System Improvements $ 164,000 <br /> Twin Creeks Park- Phase II $ 600,000 <br /> Total $ 4,323,451 <br /> Debt Financing in FY 2012-13 <br /> Water and Sewer Projects Amount <br /> Buckhorn EDD Phase 2 (Article 46 Proceeds) $ 4,256,046 <br /> $ 4,256,046 <br />