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1 <br /> ORANGE COUNTY <br /> BOARD OP COMMISSIONERS <br /> Action Agenda <br /> Item No. t-1 <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: February 21, 1989 <br /> SUBJECT: Farmers Home Loan Discount Purchase Program <br /> DEPARTMENT: Finance PUBLIC HEARING YES: NO: X <br /> ATTACHMENT(S) : INFORMATION CONTACT: <br /> TELEPHONE NUMBER- <br /> Hillsborough - 732-8181 <br /> Chapel Hill - 968-4501 <br /> Mebane - 227-2031 <br /> Durham - 688-7331 <br /> PURPOSE: To consider County participation in the Farmers Home Loan <br /> Discount Purchase Program and to consider documents necessary to <br /> authorize a refinancing of the County's outstanding Efland Sewer loan. <br /> BACKGROUND: See attached memo. <br /> RECOMMENDATION(S) : The Manager recommends the following actions: <br /> (1) To introduce a refunding bond order (copies to be <br /> available at Board meeting) . <br /> (2) To set a public hearing for March 8 regarding the <br /> proposed bond order. <br />