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9 <br /> RES-2016-022 Attachment 3 <br /> Resolution setting public hearing and <br /> authorizing filing of debt statement <br /> WHEREAS, there have been introduced at this meeting bond orders entitled as <br /> follows: <br /> BOND ORDER AUTHORIZING THE ISSUANCE OF ORANGE COUNTY GENERAL <br /> OBLIGATION SCHOOL BONDS IN THE MAXIMUM AMOUNT OF <br /> $120,000,000, SUBJECT TO VOTER APPROVAL <br /> BOND ORDER AUTHORIZING THE ISSUANCE OF ORANGE COUNTY GENERAL <br /> OBLIGATION BONDS FOR HOUSING FOR PERSONS OF LOW AND MODERATE <br /> INCOME IN THE MAXIMUM AMOUNT OF $5,000,000, SUBJECT TO VOTER <br /> APPROVAL <br /> AND WHEREAS, Section 159-57 of the General Statutes requires that a public <br /> hearing be held on each bond order prior to its adoption, Section 159-56 of the General <br /> Statutes requires publication of a notice of the hearing, and Section 159-55 of the <br /> General Statutes requires the filing of a statement of the County's debt with the Clerk to <br /> the Board prior to the public hearing; <br /> BE IT THEREFORE RESOLVED by the Board of Commissioners of Orange County, <br /> North Carolina, (1) that a public hearing on each bond order will be held at 7:00 p.m. (or <br /> as soon thereafter as the matter may be heard) on April 19, 2016, in the Board's regular <br /> meeting room in the County's Southern Human Services Center, 2501 Homestead Road, <br /> Chapel Hill, North Carolina, and (2) that the Clerk to this Board is directed to publish a <br /> notice of each public hearing, in the form provided for in Section 159-56 of the General <br /> Statutes, one time, not less than six days prior to the hearing date, in a newspaper <br /> having general circulation in the County; <br /> AND BE IT FURTHER RESOLVED that the County's Finance Officer is directed to <br /> prepare and file, prior to the publication of the notice of public hearing, a sworn <br /> statement of the County's net debt in the form prescribed by statute. <br />