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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: August 20, 1997 <br /> Action Agenda <br /> Item No. <br /> SUBJECT: Public Hearing -November 4, 1997 Bond Referendum <br /> DEPARTMENT: Finance PUBLIC HEARING: (Y/1) <br /> BUDGET AMENDMENT: (Y/N) <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Overheads (under separate cover) Ken Chavious, ext 2453 <br /> TELEPHONE NUMBERS: <br /> Hillsborough 732-8181 <br /> Chapel Hill 968-4501 <br /> Durham 688-7331 <br /> Mebane 227-2031 <br /> PURPOSE: To conduct a public hearing to receive citizen comments on the planned November <br /> 4, 1997 bond referendum. <br /> BACKGROUND: On August 4, 1997, the Board of Commissioners introduced five bond orders <br /> for the scheduled November 4 referendum. Pursuant to the Local Government Bond Act, and in <br /> accordance with the adopted timetable for the bond referendum, a public hearing is required in order <br /> to provide the opportunity for any citizen who wishes to be heard on the questions of the,validity of <br /> the bond orders and the advisability of issuing the bonds. <br /> Subsequent to the completion of the public hearing,the Board must take final action to adopt the <br /> bond orders and officially call for the referendum as part of the November 4 election. These <br /> actions may be completed at either the meeting scheduled for August 25 (after the joint public <br /> hearing with the Planning Board), or at the regular meeting scheduled for September 2. <br /> RECOMMENDATION(S): The Manager recommends that the Board conduct the public <br /> hearing. <br />