Agenda - 06-23-1988 - Laserfiche WebLink

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PAGE 1 APPROVED 2/6/89 MINUTES ORANGE COUNTY 'BOARD OF COMMISSIONERS WORK SESSIONS ON THE PROPOSED BOND ISSUE JUNE 23, 1988 JUNE 29, 1988 The Orange County Board of Commissioners met in special session on June 23, 1988 at 4:00 p.m. in the Commissioners' Conference Room, Court Street Annex, Hillsborough, North Carolina for the purpose of holding a work session on considering a proposed bond issue. BOARD MEMBERS PRESENT: Chair Shirley E. Marshall and Commissioners Moses Carey, Jr. , Stephen Halkiotis, John Hartwell and Don Willhoit. STAFF PRESENT: County Manager John M. Link, Jr. , Assistant County Managers William T. Laws and Albert Kittrell, Recreation and Parks Director Mary Anne Black, Clerk to the Board Beverly A. Blythe, Finance Director Ellen Liston and Budget Analyst Donna Wagner. EXECUTIVE SESSION Motion was made by Commissioner Carey, seconded by Commissioner Halkiotis to go into Executive Session for discussion of property acquisition. VOTE: UNANIMOUS. Motion was made by Commissioner Halkiotis, seconded by Commissioner Carey to go back into special session. - VOTE: UNANIMOUS. DISCUSSION ON THE PROPOSED, BOND ISSUE County Manager John Link presented and explained two scenarios with one totaling twenty-five million with eighteen million for schools and seven for county projects and one totaling thirty million with twenty-one million for schools and nine million for county projects. Commissioner Marshall stated with reference to swimming pools the need to have some figures for building a community pool and also for building a pool at one of the high schools. Commissioner Halkiotis expressed concern that the rural education center is scheduled so late in the GIP, stating that the whole concept needs to be taken back to the simple structure that was first envisioned. The cost does not include moving the agricultural extension office. It was the consensus of the Board that the replacement of the Efland multipurpose center needs to be on the list. Finance Director Ellen Liston described the financial aspect of both scenarios. A thirty million bond issue would increase taxes by 3.1 cents. A twenty-five million bond issue would increase taxes by 2.25 cents. Discussion ensued on which items would be included in a bond issue and if the bond issue should be twenty-five or thirty million. It was agreed to include something for water resources.