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Commissioner Jacobs said the ultimate goal is to improve customer service in the <br /> permitting process. He said it improves the accessibility of Orange County Government to the <br /> public. <br /> A motion was made by Commissioner Price, seconded by Commissioner Jacobs for the <br /> Board of Commissioners to authorize the Manager to execute the contract with Tyler <br /> Technologies and any amendments thereto for a County-hosted, vendor implemented system <br /> subject to final review by the County Attorney. <br /> VOTE: UNANIMOUS <br /> c. Adoption of the Final Financing Resolution Authorizing the Issuance of <br /> $15,870,000 in Installment Financing for Various Capital Investment Plan Projects <br /> and Equipment, and the Refinancing of Approximately $10,200,000 from Two 2006 <br /> Installment Financing Issuances <br /> The Board considered approving the final financing resolution authorizing the issuance <br /> of approximately $15,870,000 in installment financing to finance capital investment projects <br /> and equipment for the year, and the refinancing of approximately $10,200,000 from two 2006 <br /> installment financing issuances. <br /> Paul Laughton reviewed the following background. <br /> Background: <br /> At its November 6, 2014 meeting, the Board of County Commissioners was given preliminary <br /> information of capital projects and equipment financing for the year. At that meeting, the Board <br /> made a preliminary determination to finance costs of these projects and equipment by the use <br /> of an installment financing, as authorized under Section 160A-20 of the North Carolina <br /> General Statutes. <br /> Also included is the refinancing of approximately $10,200,000 from a 2006 installment <br /> financing secured by Carrboro High School, and a 2006 Certificates of Participation installment <br /> financing secured by Gravelly Hill Middle School. <br /> The statutes require that the County conduct a public hearing on the proposed financing and <br /> refinancing contracts. The Board conducted a public hearing at its April 7, 2015 meeting, and <br /> adopted the resolution supporting the application to the Local Government Commission (LGC) <br /> for approval of the financing and refinancing arrangements (Attachment 1). County staff has <br /> been in contact with the LGC staff, and staff expects no obstacles to receiving LGC approval. <br /> If the Board adopts the final financial resolution (Attachment 2 — beginning on page 15 of this <br /> package) giving final approval to the financing and refinancing plans at tonight's meeting, staff <br /> expects the LGC to approve the financing and refinancing plans at the LGC's meeting on June <br /> 2, 2015. <br /> Under the current schedule, staff expects to set the final interest rates and other terms of the <br /> financing around June 15, and to close on the financing and refinancing by June 26th, 2015. It <br /> should be noted that the installment financing issuance package has been reduced by <br /> $400,000 with the removal of planning funds for the Southern Orange Campus project. Due to <br /> the timing of this current financing package, these planning funds can be combined with the <br /> financing of the Southern Human Services Center expansion project scheduled in FY 2016-17. <br />