Agenda - 11-19-2014 - 4 - Laserfiche WebLink

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Attachment A 3 Sanford Holshouser LLP Memorandum To: Orange County Officials Date: September 15, 2014 Regarding Required Procedures and Possible Schedule for General Obligation Bond Referendum in May, 2016 or November, 2016 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 3, 2016, and sets out a proposed schedule. I have attached a schedule in table form that summarizes these steps. Please note that in general the dates indicated are the last available dates for the indicated action; steps can certainly be accomplished prior to the indicated deadlines. As we do not have an official Board meeting schedule for this time period, I have assumed Board meeting dates of the first and third Mondays of each month. Further, changes to State law may change some of the dates related to the May primary, and when the formal process begins we will make sure our calendar is consistent with the needs of the County's Board of Elections on items such as printing the ballots. Here are the required steps and suggested dates for action: 1. Determine tentative plan for bond purposes 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 he 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 he stated with more