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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />on <br />Commissioner Rich asked about the rate of failure on the loans that have been given <br />out. <br />Steve Brantley said one company moved to Alamance County for larger space. He said <br />the bylaws require payment of the loan balance if a business moves out of the County. He said <br />no one has failed yet, however not everyone who starts through the application process <br />completes it. <br />Chair Jacobs said the Board has been approached by Chapel Hill with a request to use <br />some of the article 46 funds for the Ephesus Fordham area. He said the Board has agreed to <br />discuss this. <br />3. Update on Solid Waste Advisory Group (SWAG) Discussions <br />Chair Jacobs said the agenda states that there have been discussions about the <br />development of a local transfer station, but in fact there not been any discussions about this. He <br />said the goal at this point is to have an agreement regarding recycling and construction waste <br />disposal and to understand a fee schedule. <br />Mayor Lavelle said it has been helpful to have UNC and UNC Hospitals in the group. <br />She said the goal is to have an update at the Assembly of Governments. <br />Chair Jacobs said the group will be updating all four boards next month. He said there <br />are a lot of issues still to come, including a decision on how much longer this group needs to <br />exist. <br />Alderman Gist thanked all of the representatives on this group. <br />4. Update on Possible Bond Referendum <br />Clarence Grier said in recent months the Board has been discussing a General <br />Obligation Bond (GOB) referendum. He reviewed the following history of the 2001 bond <br />referendum: <br />The most recent Orange County general obligation bond referendum occurred in November <br />2001. That bond referendum totaled $75 million and the items included on the referendum were <br />as follows: <br />♦ School related projects totaling $47 million. <br />♦ Parks and Recreation projects totaling $20 million <br />♦ Senior Center projects totaling $ 4 million <br />♦ Low and moderate income projects (Affordable Housing) totaling $4 million <br />All of the individual items on the bond referendum were approved by the voters in the <br />November 2001. The total bond referendum passed with an average approval rate of <br />approximately 55 percent. <br />