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this is a historic property only allows it to be taxed at half that value, but this amount would still <br /> be a significant boon. <br /> b) Orange/Alamance Line Issues <br /> Craig Benedict said this line has been resolved to a large degree, but the Morrow Mill <br /> Road and Mill Creek areas could not be resolved with Alamance County. He said these two <br /> sites would be a different process, and they would be addressed in the 2015 legislative <br /> session. He said the County is figuring out how to engage the residents in those areas. He <br /> said there are 32 lots affected in that area. <br /> He said the school bus routing to these areas is problematic, as well as emergency <br /> services. <br /> Ed Hooks said the Mill Creek residents want to be in Alamance County. He said their <br /> representatives in Alamance County are interested in having this discussion with Orange <br /> County. <br /> Craig Benedict said the reason these areas were more problematic was because <br /> Alamance County was concerned about their western property line. <br /> Chair Jacobs said the Board did make an overture to the Alamance County <br /> Commissioners this year, but it was premature. <br /> c) Potential Bond Issuance <br /> Michael Talbert said the Board of County Commissioners has begun discussions about <br /> a bond referendum for November 2014 or May of 2015. He said the Board is considering a <br /> bond of around $100 million that would potentially include a new jail; middle school #5 for <br /> Chapel Hill; elementary school #8 for the County; improvements to older schools; and other <br /> County projects like Lands Legacy. He said this is in early discussions. He said the County <br /> has attained a triple-A bond rating, and they do not want to jeopardize this. He said the <br /> preliminary estimate on a $100 million issue would be about a 4 cent tax increase. <br /> Chair Jacobs said the last bond was in 2001, and this was for schools, recreation, <br /> senior centers, and affordable housing. He said the senior centers are up and expansions are <br /> already being requested. He said the schools have more need than even the $100 million <br /> could cover, so this is just a start. <br /> Chair Jacobs said there had been a suggestion from Tim Bradley in the past about <br /> working together on agricultural preservation. He said this might be part of the work in the <br /> Lands Legacy Program. He suggested a presentation to the Mebane City Council at a future <br /> meeting. He said a lot of state and federal money has been leveraged for this successful <br /> program and it has been a relatively low cost per acre for Orange County. <br /> Michael Talbert noted that the bond would be a 20 year bond. <br /> David Cheek said bids are currently being taken for a new fire station off of Mebane <br /> Oaks Road. He said this will improve fire protection in the economic development district. He <br /> said estimated completion of construction will be October of 2014. <br /> The meeting was adjourned at 8:02 pm. <br /> Barry Jacobs, Chair <br /> Donna Baker, Clerk to the Board <br />