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2 <br /> The actual interest rates on these bonds will be set when the Local Government Commission <br /> takes competitive bids on October 24, 2017, and the bond closings are scheduled for November <br /> 14 and 15. <br /> FINANCIAL IMPACT: The General Obligation bonds are included in the County's FY 2017- <br /> 2022 CIP and debt affordability report on June 13, 2017 work session which indicated a tax <br /> equivalent impact ranging from 4.56 cents (upfront) to 5.76 cents (incremental). <br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is applicable to <br /> this agenda item: <br /> • GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY <br /> The creation and preservation of infrastructure, policies, programs and funding necessary <br /> for residents to provide shelter, food, clothing and medical care for themselves and their <br /> dependents. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the attached <br /> revised resolution. <br />