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APPROVED 5/5/2015 <br /> MINUTES <br /> JOINT MEETING <br /> ORANGE COUNTY BOARD OF COMMISSIONERS <br /> CHAPEL HILL TOWN COUNCIL <br /> March 26, 2015 <br /> The Orange County Board of Commissioners met with the Town of Chapel Hill for a <br /> joint meeting on Thursday, March 26, 2015 following the AOG meeting (7:00 p.m.) at the <br /> Southern Human Services Center in Chapel Hill, N.C. <br /> COUNTY COMMISSIONERS PRESENT: Chair McKee and Commissioners Mia Burroughs, <br /> Mark Dorosin, Barry Jacobs, Bernadette Pelissier, Renee Price and Penny Rich <br /> COUNTY COMMISSIONERS ABSENT: <br /> COUNTY ATTORNEYS PRESENT: John Roberts <br /> COUNTY STAFF PRESENT: County Manager Bonnie Hammersley, Assistant County <br /> Manager Cheryl Young and Clerk to the Board Donna Baker (All other staff inembers will be <br /> identified appropriately below) <br /> CHAPEL HILL TOWN COUNCIL MEMBERS/STAFF PRESENT: Mayor Mark Kleinschmidt, Ed <br /> Harrison, Jim Ward, Lee Storrow, Matt Czajkowski, George Cianciolo, Maria Palmer, Donna <br /> Bell, and Sally Greene and Town Manager Roger Stancil <br /> CHAPEL HILLTOWN COUNCIL MEMBERS ABSENT <br /> Chair McKee called the meeting to order at 8:46pm. <br /> Welcome and Openinq Remarks <br /> Mayor Mark Kleinschmidt and BOCC Chair Earl McKee (no opening remarks). <br /> 1. Bond Referendum Updates <br /> a) Town of Chapel Hill November 2015 Bond Referendum <br /> Mayor Kleinschmidt said this has not been officially approved yet, but there has been <br /> preliminary approval of the bond order. <br /> Roger Stancil reviewed the following information, as included in the abstract: <br /> The Town of Chapel Hill is planning a General Obligation Bond Referendum for November of <br /> 2015. The planned referendum will be about $40.3 million and will include streets & sidewalks, <br /> trails and greenways, recreation facilities, a solid waste transfer station and stormwater <br /> improvements. The Town finances its long-term capital improvement through its Debt <br /> Management Fund. The Debt Fund uses a dedicated portion of the property tax that, along <br /> with other revenues such as transfers from enterprise funds, is used to fund debt service <br /> payments. Based on our projections, the proposed referendum bonds can be paid using the <br /> existing capacity in the Debt Management Fund. In other words, it is expected that the Town <br /> will not need to increase taxes in order to pay the debt service on the planned referendum <br /> debt. <br /> Bond Orders <br /> The planned bond orders (categories of projects that will be presented on the ballot) <br /> include projects that have been prioritized through the Town's internal review process. Among <br /> other things, this process took into consideration the following: <br />