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BOARD OF COMMISSIONERS ACTION AGENDA <br /> ACTION AGENDA ITEM ABSTRACT • ITEM NO. Cj 7 <br /> MEETING DATE February 2, 1987 <br /> SUBJECT: Efland Sewer Bond Order 096 <br /> 1DEPARTMENT: . Finance I PUBLIC HEARING: YES X NO <br /> ATTACHMENT(S) : INFORMATION CONTACT: Finance Director <br /> ext. 496 <br /> SEWER BOND ORDER PHONE NUMBERS: HILLSBOROUGH - 732-8181 <br /> SWORN STATEMENT OF DEBT HILLSBOROUGH - 732-9361 • <br /> CHAPEL HILL - 967-9251 <br /> MEBANE - 227-2031 <br /> • DURHAM - 688-73 31 <br /> PURPOSE: To introduce the bond order authorizing $200,000 Sanitary Sewer Bonds <br /> for the Efland Sewer Project. <br /> • <br /> NEED: North Carolina General Statute .159--54 requires a bond order to be introduced <br /> before the governing board.. of a governmental unit proposing to issue bonds. <br /> The order states certain general information regarding the purpose and the <br /> amount of the proposed bond issue. The County Attorney will introduce the <br /> order and lead the Board through the proceedings. <br /> IMPACT: When the bond order is introduced, the Board is required to set a time and <br /> place for a public hearing on the order. Also after introduction of the <br /> order the Finance Director will file with the clerk a sworn statement of - <br /> debt as required.by the bond order. <br /> RECOMMENDATION(S) : Receive the bond order as presented by the County Attorney and <br /> instruct the order to be published by the clerk along with a <br /> notice of the filing of the sworn statement of debt and a notice <br /> of a public hearing to be held on February 17, 1987 to receive <br /> comments on the bond order. <br />