Agenda - 08-23-1994-IX-A - Laserfiche WebLink

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t � 1 ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda Item No. -9-Ar ACTION AGENDA ITEM ABSTRACT Meeting Date: August 23, 1994 SUBJECT: Introduction of Bond Order for Farmland Preservation Referendum ------------------------------ ---------------------------------- DEPARTMENT: Finance PUBLIC HEARING YES: NO: X ------------------------------- ---------------------------------- ATTACHMENT(S) : INFORMATION CONTACT: Ken Chavious Correspondence from Bond Counsel Suggested Form of Board Proceedings TELEPHONE NUMBER- Sworn Statement of Debt Hillsborough - 732-8181 Bond Order Chapel Hill - 968-4501 Suggested form of Bond Question for Mebane - 227-2031 Ballot Durham - 688-7331 ---------------------------------------------------------------------- PURPOSE: To introduce the Bond Order and take other actions for the November 8, 1994 Farmland Preservation Bond Referendum as required by the Local Government Bond Act. BACKGROUND:On June 28, 1994 the Board authorized publication of a "Notice of Intent" to file an application with the Local Government Commission LGC seeking approval to hold a Bond Referendum on November 8 1994. In � ) g PP , addition, the Board also approved a timetable of the various steps to be taken in connection with the proposed referendum. The "Notice of Intent" was published on August 3, 1994 and the application has been filed with the LGC. The next step in the referendum process is the Introduction of the Bond Order. This is usually accomplished by the Board Chair reading the Order aloud. Subsequent to the Bond Order's introduction, a public hearing date on the Order should be established, and the Finance Director is required to file a "Sworn Statement of Debt" with the Clerk to the Board. In addition, the Board is required to approve the form of the bond question to be posed on the ballot for the Novermber 8, 1994 election. In accordance with the approved timetable the public hearing should be held on September 6, 1994 and the "Sworn Statement of Debt" filed within the proceedings of this meeting. Finally, the Bond Order and the public hearing notice must be published by August 31, 1994 in order to meet the requirements set forth in the timetable. RECOMMENDATION(S) : The Manager recommends that the Board: a. Introduce the Bond Order as mentioned above. b. Authorize the Finance Director to file the "Sworn Statement of Debt." c. Set the public hearing date for September 6, 1994. d. Instruct the Clerk to publish the Bond Order and public hearing notice by August 31, 1994. e. Approve the form of the bond question to be posed on the November 8, 1994 ballot.