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Agenda - 03-22-2016 - 7-b - Introduction of Bond Orders and Scheduling of Bond Order Public Hearing in Preparation for Planned November 2016 Bond Referendum
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Agenda - 03-22-2016 - 7-b - Introduction of Bond Orders and Scheduling of Bond Order Public Hearing in Preparation for Planned November 2016 Bond Referendum
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3/18/2016 12:38:29 PM
Creation date
3/18/2016 12:38:07 PM
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BOCC
Date
3/22/2016
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
7b
Document Relationships
Minutes 03-22-2016
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2016
RES-2016-022 Resolution setting public hearing and authorizing filing of debt statement
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2010-2019\2016
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5 <br /> Attachment 2 <br /> Hearing notices to publish -- <br /> each notice is two pages, and there are two separate notices to publish <br /> Orange County, North Carolina -- <br /> Notice of Public Hearing -- School Bonds <br /> The Orange County Board of Commissioners has called for a public hearing at <br /> 7:00 on April 19, 2016, related to the following bond order. Further information <br /> regarding the hearing appears at the end of this notice. <br /> * * * * * * <br /> BOND ORDER AUTHORIZING THE ISSUANCE OF ORANGE COUNTY GENERAL <br /> OBLIGATION SCHOOL BONDS IN THE MAXIMUM AMOUNT OF $120,000,000, <br /> SUBJECT TO VOTER APPROVAL <br /> WHEREAS -- <br /> The Board of Commissioners of Orange County, North Carolina, has stated <br /> its proposal to issue general obligation bonds to pay capital costs of providing <br /> school facilities. <br /> The County has applied to the North Carolina Local Government <br /> Commission for its approval of such bonds, and the Commission has accepted the <br /> County's application. <br /> BE IT ORDERED by the Board of Commissioners of Orange County, North <br /> Carolina, as follows: <br /> 1. There are hereby ordered to be issued general obligation school <br /> bonds of the County to pay capital costs of providing school facilities, together <br /> with related financing and other necessary or incidental costs. <br /> 2. The maximum aggregate principal amount of the bonds issued for <br /> such purpose will be $120,000,000. <br />
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