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5 <br /> 1 Susan Simone <br /> 2 Mary Carter Taub <br /> 3 <br /> 4 c. NCACC Workers' Compensation Pool Safety Award <br /> 5 The Board received the North Carolina Association of County Commissioners <br /> 6 (NCACC) Workers' Compensation Pool's 2016 Safety Award on behalf of Orange <br /> 7 County officials and staff. <br /> 8 Alisa Cornetto, Orange County Risk Manager, introduced with NCACC Risk <br /> 9 Management Deputy Director Charlie Eaton, and Risk Control Manager Bob Carruth. <br /> 10 Alisa Cornetto especially recognized Emergency Services. <br /> 11 <br /> 12 BACKGROUND: Orange County has been awarded the NCACC Workers' <br /> 13 Compensation Pool's 2016 Safety Award for having the lowest number of claims per $1 <br /> 14 million in payroll in the large county class. The County has been a long-term member of <br /> 15 the NCACC Insurance Pool. In 2013 the County hired a full-time Risk Manager and a <br /> 16 countywide risk management committee was formed. Safety committees have been <br /> 17 activated throughout the county. Through the County's partnership with the NCACC <br /> 18 Risk Pool and the commitment of Orange County employees, the County has seen a <br /> 19 significant decrease in injuries (a 23% drop since 2012). <br /> 20 <br /> 21 Charlie Eaton and Bob Carruth awarded Orange County the NCACC Workers' <br /> 22 Compensation Pool's 2016 Safety Award for having the lowest number of claims per $1 <br /> 23 million in payroll in the large county class. <br /> 24 <br /> 25 5. Public Hearings <br /> 26 <br /> 27 a. Approval Pursuant to Internal Revenue Code Section 147(f) of the Issuance <br /> 28 of $6,500,000 Education Facilities Bonds by Carolina Friends School <br /> 29 The Board considered holding a public hearing on the proposed issuance of <br /> 30 Education Facilities Bonds (the "Bonds") in an amount not to exceed $6,500,000 to be <br /> 31 issued by the Public Finance Authority in order for Carolina Friends School (the <br /> 32 "Borrower") to meet the requirements of Section 147(f) of the 1986 Internal Revenue <br /> 33 Code, as amended. <br /> 34 John Roberts reviewed the background below: <br /> 35 <br /> 36 BACKGROUND: The Public Finance Authority ("PFA") is a governmental unit of the <br /> 37 State of Wisconsin created for the purpose of issuing tax-exempt and taxable conduit <br /> 38 bonds for public and private entities nationwide. PFA is sponsored by the National <br /> 39 Association of Counties, the National League of Cities, the Wisconsin Counties <br /> 40 Association, and the League of Wisconsin Municipalities. Any debt issued is not debt of <br /> 41 the County or PFA, but rather is payable solely from debt service payments received <br /> 42 from the Borrower. <br /> 43 <br /> 44 The Borrower has asked PFA to issue the Bonds in the principal amount of up to <br /> 45 $6,500,000. The proceeds of the Bonds will be loaned to The Carolina Friends School <br /> 46 to be used to (i) finance and equip a new performing arts center (the "Project"), (ii) <br />