Agenda - 09-26-2013 - 5 - Laserfiche WebLink

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Sanford Holshouser LLP Attachment A Memorandum To: Orange County Officials Date: July 5, 2013 Regarding Required Procedures and Possible Schedule for General Obligation Bond Referendum From: Sanford Holshouser LLP -- Robert M. Jessup Jr. This memorandum describes the steps required for Orange County to conduct a general obligation bond referendum on May 6, 2014, and sets out a proposed schedule. Here are the required steps and suggested dates for action: 1. Determine tentative elan for bond nurnoses and amounts. Although Step 5 provides for the first formal Board action to determine what will be presented to the voters, the bond program needs to be substantially worked out before we begin the formal process. In addition, the plan for what projects are to be included in the bond package is something that LGC representatives will want to discuss in detail with County representatives as part of the meeting described in the next step. Each separate general purpose for bonds has to be the subject of a separate ballot question. The statutes assume that each question put to voters will propose a dollar amount for a separate generic purpose, such as paying "capital costs of school facilities. " Although the statutes allow the purpose to be stated with more specificity, it is highly recommended that the purpose in the ballot question be left as general as possible. The more specific plans underlying the planning for the bond issue do not legally bind the County to a particular future plan of action in the issuance of the bonds or construction of specified facilities. 2. Meet with LGC staff. The County should arrange a meeting with LGC staff about the proposed referendum as soon as possible. At the meeting, the County should obtain a copy of the required application for the LGC's approval of the proposed bonds. 3. Give informal notice to the County Board of Elections. Because