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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: March 22, 2016 <br /> Action Agenda <br /> Item No. 7-b <br /> SUBJECT: Introduction of Bond Orders and Scheduling of Bond Order Public Hearing in <br /> Preparation for Planned November 2016 Bond Referendum <br /> DEPARTMENT: Finance and Administrative <br /> Services <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Attachment 1. Proposed Bond Orders for Gary Donaldson, (919) 245-2453 <br /> Introduction Bob Jessup, (919) 933-9891 <br /> Attachment 2. Copy of Notices of Public Paul Laughton, (919) 245-2152 <br /> Hearing <br /> Attachment 3. Resolution Setting Public <br /> Hearing and Authorizing <br /> Filing of Debt Statement <br /> Attachment 4. Bond Election Calendar <br /> Attachment 5: Orange County Schools <br /> Resolution of Support for <br /> School Bond Referendum <br /> Attachment 6: Chapel Hill Carrboro City <br /> Schools Resolution of <br /> Support for School Bond <br /> Referendum <br /> PURPOSE: To: <br /> 1) Introduce two bond orders which state the Board of County Commissioners proposal to <br /> issue General Obligation Bonds to pay capital costs for providing school facilities and for <br /> housing for persons with low and moderate income. <br /> • The first bond order introduction authorizes the issuance of General Obligation <br /> Bonds in an amount not to exceed $120 million to support school facilities. <br /> • The second bond order introduction authorizes issuance of General Obligation <br /> Bonds in an amount not to exceed $5 million for housing for persons with low and <br /> moderate income. <br /> 2) Adopt a resolution authorizing a public hearing on each bond order for April 19, 2016 at <br /> 7pm at the County's Southern Human Services Center, 2501 Homestead Road, Chapel <br /> Hill, NC. <br />