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

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4 Sanford IIolshouser Bond Election memo for Orange County Page 2 3. Give informal notice to the County Board of Elections. Because the Board of Elections will need to coordinate its own procedures for the bond referendum, it would help the Board of Elections to receive a phone call to inform the Board of the County's plans, even if the plans are still subject to change. We want to be sure that our schedule works with the Board's schedule -- not only in terms of legal requirements but also in terms of practical matters such as ballot printing deadlines, especially now that absentee balloting begins in September. 4. Obtain School Board Resolutions. If any of the bonds will be proposed for school purposes, the statutes contemplate that the affected school boards should provide a formal referendum request to the Commissioners. This request usually proposes a maximum amount of bonds to be considered at the referendum. This schedule assumes that each school board could adopt an appropriate resolution by the end of March. 5. Adopt "Findings" Resolution. As part of the application process, the LGC wants to see a statement describing why the proposed projects and bonds are necessary and desirable. This resolution will also state an estimated tax rate impact of the borrowing. This resolution could be adopted at a County Board meeting in April. This resolution will also authorize the publication of the "Notice of Intent" described in Step 6. 6. Publish Notice of Intent To File Application. The County must publish a notice of its intent to file an application for the LGC's approval of the proposed bonds. The notice must be published at least 10 days before filing the application. The notice needs to be published as soon as possible after the Board adopts the findings resolution described in Step 5. The own words resolution and the Notice of Intent establish the maximum amount of bonds that can be proposed at the referendum for each of the specified purposes. From this point, we can decrease the amount of bonds or eliminate purposes, but we can increase an amount or add a purpose only by re-starting the authorization process. 7. Make Legislative Committee 45-day filing. If the bond program will include purposes beyond schools, the law requires that the County file a notice of the proposed borrowing with a legislative committee at least 45 days before the LGC considers your application. We can make this filing promptly after the action in Step 5. There's no requirement for this Committee to approve anything or take any other action; there's simply a requirement to file a notice. 2