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PAGE 4 <br /> to approve the three orders on first reading with a unanimous vote. <br /> On motion made by Commissioner Willhoit, seconded by Commissioner Halkiotis <br /> and unanimously carried, the Board of Commissioners fixed August 16, 1988 at 7:30 <br /> P.M. , at the Old Courthouse, in Hillsborough, North Carolina, as the hour, day and <br /> place for the public hearing upon the foregoing orders and directed the Clerk to <br /> the Board of Commissioners to publish each of said orders, together with the <br /> appended statement as required by The Local Government Bond Act, as amended, once <br /> in the Chapel Hill Newspaper and once in The Durham Morning Herald not later than <br /> the sixth day before said date. <br /> This ended the formal proceedings. <br /> DISCUSSION ON THE LAND ACQUISITION FOR THE RESERVOIR <br /> Commissioner Willhoit suggested that the Board in recognizing that a reservoir <br /> is needed for growth management, protection of the environment and for economic <br /> development clarify what this money would be used for and how it would be repaid to <br /> the general fund. He stressed that the money should not be construed as a gift but <br /> a loan to be repaid to the County's General Fund at the time a reservoir is built <br /> and water is used from that reservoir. <br /> It was the consensus of the Board to state that it is not the intent of the <br /> County to subsidize the water supply with monies from the general fund. <br /> With no further items to be considered by the Board, Commissioner Carey <br /> adjourned the Special Meeting. <br /> Shirley E. Marshall, Chair <br /> Beverly A. Blythe, Clerk <br />