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i 1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> Item No VS- B2, <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: OCTOBER 17, 1995 <br /> SUBJECT: RECOGNITION OF NACo AWARD FOR THE TRIANGLE SPORTSPLEX <br /> FINANCING <br /> -------------------------------- ------------------------------- <br /> DEPARTMENT County Manager PUBLIC HEARING YES NO x <br /> -------------------------------- ------------------------------- <br /> ATTACHMENT(S) : INFORMATION CONTACT <br /> Rod Visser <br /> Three page narrative TELEPHONE NUMBER <br /> Hillsborough 732-8181 <br /> Chapel Hill 968-4501 <br /> Mebane 227-2031 <br /> Durham 688-7331 <br /> ----------------------------------------------------------------------- <br /> PURPOSE: To recognize the Triangle SportsPlex and Orange County for <br /> their innovative approach to financing a $10 .2 million complex which <br /> provides services to all of Orange County' s citizens, young and old. <br /> BACKGROUND: Orange County officials worked with a non-profit youth <br /> hockey association to arrange tax-exempt financing and construction of <br /> the 82, 000 square foot Triangle SportsPlex, with regulation ice rink <br /> and two 25 meter swimming pools. Without the unique public-private <br /> partnership involved in this "63-20" financing, neither pools nor rink <br /> could have been built. <br /> RECOMMENDATION: The Administration recommends formal recognition of the <br /> persons involved from the Triangle SportsPlex and Orange County <br /> Government. <br />