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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> Item No. ViT- <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: September 6, 1994 <br /> SUBJECT: PUBLIC HEARING--FARMLAND PRESERVATION BOND REFERENDUM <br /> DEPARTMENT: FINANCE PUBLIC HEARING YES: X NO: <br /> ATTACHMENT(S) : INFORMATION CONTACT: Ken Chavious <br /> Marvin Collins <br /> Suggested Proceedings as prepared by TELEPHONE NUMBER- <br /> Bond Counsel Hillsborough - 732-8181 <br /> Chapel Hill - 968-4501 <br /> Information Sheets Mebane - 227-2031 <br /> Durham - 688-7331 <br /> PURPOSE: To conduct a Public Hearing to receive citizen comment on the <br /> $5, 000, 000 Farmland Preservation Bond Order. <br /> BACKGROUND: On August 23, 1994 the Bond Order for the scheduled $5 million <br /> Bond Referendum was passed on first reading. Pursuant to the <br /> Local Government Bond Act, and in accordance with the adopted <br /> referendum time-table, a Public Hearing is required in order <br /> to provide the opportunity for anyone who wishes to be heard <br /> on the questions of the validity of the Bond Order and the <br /> advisability of issuing the bonds. <br /> Prior to receiving public comment on the Bond Order, staff <br /> will provide a presentation and entertain questions on the <br /> proposed Farmland Preservation Program. Upon completion of <br /> the Public Hearing, final adoption of the Bond Order and the <br /> official call for referendum is necessary for the November 8, <br /> 1994 election date. The suggested format for these <br /> proceedings as prepared by Bond Counsel is attached. <br /> RECOMMENDATION(S) : The Manager recommends that the Board conduct the <br /> public hearing; adopt the Bond Order; and approve the <br /> Bond Referendum Resolution; and authorize the Clerk to <br /> meet all publishing requirements as suggested by Bond <br /> Counsel. <br />