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PAF - <br /> RES-2017-066 lob <br /> Resolution To Adjust the Bond Sale Amounts <br /> WHEREAS-- <br /> On October 3, the Board of Commissioners approved the sale of general obligation bonds <br /> for various purposes. Based on the results of construction bids for school projects and upon the <br /> direction of the Local Government Commission, the County must reduce the amount of voter- <br /> approved school bonds to be sold, from $40 million to $21 million. This resolution approves that <br /> 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 resolution will be <br /> (a) $21,000,000 of voter-approved school bonds, (b) $2,500,000 of voter-approved affordable <br /> housing bonds, and (c) $5,900,000 of "two-thirds" school bonds. The Finance Officer may <br /> approve a further change in the amount of any bonds to be sold, upon the advice of the LGC and <br /> up to the amounts previously specified in the October 3 resolution. All other provisions of the <br /> October 3 resolution are confirmed. <br /> NOW THEREFORE BE IT ORDAINED by the Board of Orange County Commissioners <br /> that this resolution is effective upon appro Upon motion of Commissioner <br /> seconded by 41erk1to mis,�,,i�ne.r 'C/ , the foregoing resolution was <br /> adopted thi the day of . ZQ17. <br /> I, Donna S. Baker, the Board of Commissioners for the County of <br /> Orange, North Carolina, DO HEREBY CERTIFY that the foreg . g is a true copy of so <br /> much of the proceedings of said Board at a meeting held on , 2017, <br /> as relates in any way to the adoption of the foregoing and that said proceedings are <br /> recorded in Minute Book No. of the minutes of said Board <br /> WITNESS my hand and the seal of said County, the day of <br /> 2017. <br /> Do n& S. Bak Sr <br /> * Clerk to the Board <br /> S 1 <br /> �„ 5Z <br />