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13 <br /> 1 assessed valuation. The projected debt service conforms to the County's debt policies and debt <br /> 2 affordability analysis, which was completed by the County's financial advisors. <br /> 3 <br /> 4 Bob Jessup, Bond Attorney, said he is here for the next set of formal steps for the bond. <br /> 5 He said there will be two other occasions when he will come to the Board but tonight they are <br /> 6 here to introduce the bond orders. <br /> 7 Bob Jessup said statute requires that there be a first reading on the bond orders <br /> 8 followed by a public hearing. <br /> 9 Chair McKee asked if there could be clarification regarding the necessary motions. <br /> 10 Bob Jessup said there must be a motion to introduce the two bond orders as presented, <br /> 11 followed in the same motion, or a separate one, to adopt the resolution calling for the public <br /> 12 hearing. <br /> 13 Commissioner Price asked if typically two meetings are held: one in the southern part of <br /> 14 the County and one in the northern part. <br /> 15 Bob Jessup said legally one public hearing must occur, but two can occur; and it is at <br /> 16 the Board's discretion. He said the tasks scheduled for the next meeting must be completed by <br /> 17 the time the Board breaks for the summer. <br /> 18 Donna Baker said the first meeting will take place on April 19th <br /> 19 Commissioner Price said she would like to have a meeting at each end of the County <br /> 20 with the one in the northern end on May 5th <br /> 21 Bob Jessup said yes and to note this as such in notices. <br /> 22 Commissioner Rich asked if the purpose this evening is to authorize the initiation of the <br /> 23 bond financing. <br /> 24 Bob Jessup said there will be no discussion of specific projects just the financial totals <br /> 25 and their major assignment. He said specifics will come in two ways: <br /> 26 • a list of projects for which the funds are needed <br /> 27 • at the time of borrowing, after the referendum has passed, specific amounts will be <br /> 28 allocated to specific projects as previously determined between the BOCC and the <br /> 29 school boards, affordable housing partners, etc. <br /> 30 Chair McKee said the following agenda item discusses a committee that will look at <br /> 31 these specifics. <br /> 32 Commissioner Rich asked if one committee will look at both school and affordable <br /> 33 housing priorities. <br /> 34 Chair McKee said that is open for discussion. <br /> 35 Commissioner Jacobs said as a word of caution, the Board may want to vary from what <br /> 36 was put in the bond sales package, and that should be discussed in consultation with schools <br /> 37 and affordable housing stakeholders. He said voters can understand that specific priorities may <br /> 38 need to shift position within the list of the priorities. <br /> 39 <br /> 40 A motion was made by Commissioner Rich, seconded by Commissioner Pelissier to <br /> 41 introduce the two bond orders as presented and to approve the resolution setting the public <br /> 42 hearing on the bond orders for April 19, 2016 with the inclusion of a May 5th public hearing. <br /> 43 <br /> 44 VOTE: UNANIMOUS <br /> 45 <br /> 46 c. Proposed Establishment of Bond Education Committee Including Structure and <br /> 47 Charge <br /> 48 The Board considered establishing a Bond Education Committee that will develop and <br /> 49 assist in disseminating information to voters concerning the November 8, 2016 bond <br />