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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> Item No UTTI - 2 <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: September 21, 1993 <br /> SUBJECT: Swimming Pool Financing <br /> DEPARTMENT County Manager PUBLIC HEARING YES NO x <br /> ATTACHMENT(S) INFORMATION CONTACT <br /> To be provided under separate cover Rod Visser, ext 2300 <br /> on 9/17/93 Ted Abernathy, ext 2325 <br /> TELEPHONE NUMBER <br /> Hillsborough 732-8181 <br /> Chapel Hill 968-4501 <br /> Mebane 227-2031 <br /> Durham 688-7331 <br /> PURPOSE: To continue discussion of a proposal by the Municipal <br /> Financial Group, Inc. (MFG) , in conjunction with the Triangle Youth <br /> Hockey Association (TYHA) , to finance a swimming pool/ice rink facility <br /> at the Meadowlands Business Park. <br /> BACKGROUND: At their regular meeting on August 4 , 1993 , the Board of <br /> Commissioners received a report on a proposal for financing a swimming <br /> pool to be located at the Meadowlands. The Board posed a number of <br /> questions and concerns about the County' s roles and responsibilities in <br /> such an arrangement. Staff and representatives of MFG, TYHA, and other <br /> interested parties were requested to come back to the Board with <br /> additional information that responds to the Board' s questions and <br /> concerns. The Board also directed the Manager and staff to pursue <br /> negotiations that would lead to production of final financing and <br /> facility management agreements for the Board to consider at a future <br /> meeting. Those negotiations are ongoing at this time. <br /> The Manager will make a presentation that provides additional <br /> information about the proposed construction, operation, and financing <br /> of the proposed swimming pool/ice rink facility. Staff and <br /> representatives of TYHA, MFG, the Small Business Development and <br /> Technology Center, and Hock Development will be available to answer <br /> questions from Commissioners . Staff will review their understanding of <br /> what the Board considers essential elements of any financing and <br /> operational agreements to be presented for consideration at a <br /> subsequent Commissioners ' meeting. <br /> RECOMMENDATION: The Manager recommends that the Board receive <br /> the presentation, identify additional points needing clarification or <br /> resolution, and confirm the parameters under which the County would <br /> enter into an agreement for TYHA to construct the proposed facility and <br /> operate the swimming pool on behalf of Orange County. <br />