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Solid Waste $ 702,747 $ 1,243,669 $ 3,082,630 <br /> SportsPlex $ 683,767 $ 514,775 $ 851,874 <br /> Marcie Spivey said revenues increased over expenditures, primarily due to an increase <br /> in collected property tax. She said the County's property tax has a good collection rate, and it <br /> is better than the state average. <br /> She said expenditures were also less than budgeted, as a result of continued directives <br /> to the departments to hold cost. She said the one increase was in the "other financing <br /> sources", which includes debt services and transfers among other funds, such as school <br /> capital costs. <br /> Chair Jacobs suggested some Commissioners might want to meet with Clarence Grier <br /> over the break to discuss these numbers in greater detail. He asked if Clarence Grier would <br /> be available to meet with the Commissioners if needed. <br /> Clarence Grier said he would be available. <br /> 5. Public Hearings- <br /> ADDED TO AGENDA: <br /> a. Public Hearing and Adoption of the Final Financing Resolution Authorizing <br /> the Issuance of$10,500,000 of Installment Financing to Finance Various <br /> County and School Capital Investment Plan Projects and County Equipment <br /> Clarence Grier noted the yellow abstract at the Commissioner's places, as this item was <br /> removed from the consent agenda and added under public hearings. Tonight he is asking the <br /> Board to conduct a public hearing to receive public comment on the final financing resolution <br /> authorizing the issue of$10,500,000 of installment financing to finance various County and <br /> School Capital Investment Plan Projects and County equipment, including the proposed <br /> transfer of Culbreth Middle School, including the buildings and the related real estate, from the <br /> Chapel Hill - Carrboro City School Board to Orange County to facilitate the financing of a new <br /> science wing at the school; and adopting the final financing resolution authorizing the issue of <br /> $10,500,000 of installment financing to finance various County and School Capital Investment <br /> Plan Projects and County equipment. <br /> Clarence Grier said that during its November 5, 2013 meeting, the Board of County <br /> Commissioners approved the financing of various County and School Capital projects and <br /> County equipment (Attachment 1). Staff requested and received bids for the proposed <br /> installment financing from the following financial institutions: <br /> 1. SunTrust Institutional and Government Inc. <br /> 2. Bank of America Public Capital Corp <br /> 3. PNC Bank <br /> 4. First Tennessee Bank <br /> Clarence Grier said Bank of America was selected as the financially responsive and <br /> responsible bidder. He said the financing agreement will be subdivided into two installment <br />