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3 <br /> RES-2017-066 <br /> Resolution To Adjust the Bond Sale Amounts <br /> WHEREAS-- <br /> On October 3, the Board of Commissioners approved the sale of general <br /> obligation bonds for various purposes. Based on the results of construction bids for <br /> school projects and upon the direction of the Local Government Commission, the <br /> County must reduce the amount of voter-approved school bonds to be sold, from <br /> $40 million to $21 million. This resolution approves that change. <br /> BE IT THEREFORE RESOLVED by the Board of Commissioners of Orange <br /> County, North Carolina, that the bonds to be sold pursuant to the October 3 <br /> resolution will be (a) $21,000,000 of voter-approved school bonds, (b) $2,500,000 <br /> of voter-approved affordable housing bonds, and (c) $5,900,000 of "two-thirds" <br /> school bonds. The Finance Officer may approve a further change in the amount of <br /> any bonds to be sold, upon the advice of the LGC and up to the amounts previously <br /> specified in the October 3 resolution. All other provisions of the October 3 <br /> resolution are confirmed. <br />