Agenda - 09-10-2015 - 1 - Laserfiche WebLink

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t A a ford ols ouser Attachmen 3 www.Sanfordholshouserlaw.com Memorandum To: Orange County Officials Date: September 2, 2015 Regarding Required Procedures and Possible Schedule for General Obligation Bond Referendum From: Sanford Holshouser LLP -- Robert M. Jessup Jr. This memorandum describes the steps required for Orange County to conduct a general obligation bond referendum on November 8, 2016, and sets out a proposed schedule. Here are the required steps and suggested dates for action: 1. Determine tentative plan for bond purposes and amounts. Although Step 5 provides for the first formal Board action to determine what will be presented to the voters, the bond program needs to be substantially worked out before we begin the formal process. In addition, the plan for what projects are to be included in the bond package is something that LGC representatives will want to discuss in detail with County representatives as part of the meeting described in the next step. Each separate general purpose for bonds has to he the subject of a separate ballot question. The statutes assume that each question put to voters will propose a dollar amount for a separate generic purpose, such as paying "capital costs of school facilities. " Although the statutes allow the purpose to he stated with more specificity, it is highly recommended that the purpose in the ballot question he left as general as possible. The more specific plans underlying the planning for the bond issue do not legally hind the County to a particular future plan of action in the issuance of the bonds or construction of specified facilities. 2. Meet with LGC staff. The County should arrange a meeting with LGC staff about the proposed referendum as soon as convenient after the Board has settled informally on a referendum plan.