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1 <br /> ORANGE COUNTY <br /> BOARD OP COMMISSIONERS <br /> Action Agenda <br /> Item No.-n -,),. <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: March 21, 1989 <br /> SUBJECT: Bond Sale - Legal Proceedings <br /> DEPARTMENT: Finance PUBLIC HEARING YES: NO: X <br /> ATTACHMENT(8) : INFORMATION CONTACT: Ellen G. Liston <br /> TELEPHONE NUMBER- <br /> Hillsborough - 732-8181 <br /> Chapel Hill - 968-4501 <br /> Mebane - 227-2031 <br /> Durham - 688-7331 <br /> PURPOSE: To adopt proceedings provided by bond counsel related to sales <br /> of county bonds. <br /> BACKGROUND: The County is scheduled to sell $11.8 million in bonds <br /> on April 4, 1989. A resolution fixing the details of the <br /> sale will be required before the bond sale can take place. <br /> This bond sale is the first in a series of expected issues <br /> from the $30 million bonds approved by the voters last <br /> November. The first issue will contain $10.5 million in <br /> School Bonds and $1.3 million in Public Building Bonds. <br /> RECOMMENDATION(S) : Adopt proceedings as provided by bond counsel. <br />