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ORANGE COUNTY <br /> 1 <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> Item No v-A <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: January 16, 1996 <br /> SUBJECT: Resolution Finalizing the $2 Million Private Placement <br /> Financing for the Jail Addition, Courthouse Addition, and <br /> Southern Human Services Center Construction <br /> ----------------------------------------------------------------------- <br /> DEPARTMENT County Attorney PUBLIC HEARING YES NO x <br /> ------------------------------- <br /> BUDGET AMENDMENT <br /> REQUIRED YES NO x <br /> -------------------------------- ------------------------------- <br /> ATTACHMENT(S) INFORMATION CONTACT <br /> Resolution and Closing Documents Geof Gledhill, 732-2196 <br /> TELEPHONE NUMBER <br /> (to be presented at meeting time) Hillsborough 732-8181 <br /> Chapel Hill 968-4501 <br /> Mebane 227-2031 <br /> Durham 688-7331 <br /> ----------------------------------------------------------------------- <br /> PURPOSE: To approve a resolution authorizing the Chair and Clerk to <br /> complete documents consummating the $2 million private placement <br /> financing arrangement with NationsBank for the Jail Addition, <br /> Courthouse Addition, and Southern Human Services Center. <br /> BACKGROUND: The County Attorney will present a resolution, with <br /> associated documents, that will permit completion of the closing on the <br /> $2 million financing arrangement with NationsBank. The closing is <br /> expected to take place during the week of January 16-19 . <br /> RECOMMENDATION: The Manager recommends that the Board approve the <br /> resolution. <br />