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RES-2009-088 Resolution for the Sale of Refunding Bonds
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RES-2009-088 Resolution for the Sale of Refunding Bonds
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Last modified
9/3/2015 3:25:49 PM
Creation date
9/3/2015 3:25:29 PM
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BOCC
Date
12/15/2009
Meeting Type
Regular Meeting
Document Type
Resolution
Agenda Item
4k
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RES-2010-008 Amendment to Bond Resolution adopted on 12-15-2009 approving Issuance General Obligation Bonds Refinance County Bonds Issued 2001 & 2003
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32 <br /> PARKS,RECREATION AND OPEN SPACE <br /> Recreational programs throughout the County are provided by the County's Parks and <br /> Recreation Department along with the parks and recreation departments of the towns of Chapel Hill <br /> and Carrboro.Organized leisure programs ranging from athletics to fine arts are regularly offered to <br /> citizens of all ages at several park sites and community centers. Numerous programs and special <br /> events for senior citizens and the mentally and physically impaired are also offered.During the past <br /> several years the County developed aggressive plans for park development and open space acquisi- <br /> tion. <br /> PUBLIC SERVICE ENTERPRISES <br /> Water and Sewer Services--Water and sewer services are provided to the majority of the popu- <br /> lation of the County by the Orange Water and Sewer Authority(the"Authority").The Authority was <br /> created in 1976 by the Board of Commissioners for the County and the boards of aldermen of the <br /> towns of Chapel Hill and Carrboro for the purpose of acquiring, consolidating, improving, and oper- <br /> ating the existing water and sewer systems in the southern portion of the County. Prior to the for- <br /> mation of the Authority, water service was provided by the University of North Carolina at Chapel <br /> Hill and the Town of Carrboro and sewer service was provided by the towns of Chapel Hill and <br /> Carrboro in conjunction with the University. <br /> The Authority began utilities operations in 1977 when the towns of Chapel Hill and Carrboro <br /> and the University of North Carolina at Chapel Hill conveyed their water and sewer facilities to the <br /> Authority.Under the terms of the transfer, the Authority provides and maintains sewage collection <br /> and treatment facilities and water supply,treatment and distribution facilities. <br /> The Town of Hillsborough and the City of Mebane,which is partly located within the corporate <br /> limits of the County, also own and operate water and sanitary sewer systems. The County issued <br /> water and sanitary sewer bonds in the Iate 1960s to finance the construction of the Lake Orange re- <br /> servoir, which serves the water system of the Town of Hillsborough, and the construction of im- <br /> provements which serve the water and sanitary sewer systems of the City of Mebane. In addition, <br /> the Orange Alamance Water System, a private corporation,utilizes Lake Orange and provides water <br /> service to a part of the west central portion of the County. <br /> The County's water supply has been supplemented by the addition of the Cane Creek Reser- <br /> voir, which was built by the Authority in 1989. Increased water supply has also resulted from the <br /> renovations to the dam at Lake Orange,which is owned by the County. <br /> Sanitary Landfill —The County owns and operates a sanitary landfill serving County resi- <br /> dents. The landfill was owned jointly by the County and the Towns of Carrboro and Chapel Hill. <br /> Ownership and operation of the landfill became the County's sole responsibility in May 2000. The <br /> operation of the landfill is self-supporting from landfill charges and is expected to be usable through <br /> the year 2010.The County has been able to extend the expected life of its existing landfill by several <br /> years through aggressive recycling efforts in the County. In fact, the County lead the State in 2003 <br /> in its waste reduction efforts.These efforts have led to an actual decline over the past several years <br /> in the annual amount of solid waste being delivered to the landfill.In the 2004-2006 fiscal year the <br /> County implemented a waste reduction recycling fee to offset the costs of the recycling program <br /> which has been subsidized over the years by the tipping fees.The new fee will generate$3.66 million <br /> to offset the cost of recycling operations in 2008-2009. The County has begun to consider its options <br /> for further solid waste disposal. <br /> OTHER PUBLIC SERVICE ENTERPRISES <br /> Telephone service in the County is provided by Sprint,BellSouth,Mebtel and Verizon Commu- <br /> nication. Electric service is provided by Duke Power Company, Piedmont Electric Membership Cor- <br /> poration and Progress Energy. Gas service is provided by Public Service Gas Company. <br /> • OTHER SERVICES <br /> 13 <br />
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