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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: May 1, 1990 <br />Action Agenda <br />Item No. - V-8 <br />SUBJECT: Bond Sale - Legal Proceedings <br />DEPARTMENT: Finance PUBLIC HEARING YES: NO: X <br />ATTACHMENT(S): INFORMATION CONTACT: ken Chavious <br />Provided by Bond Counsel under <br />separate cover. 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 $9.075 million in bonds on <br />May 22, 1990. A resolution fixing the details of the sale <br />will be required before the bond sale can take place. <br />This bond sale is the second in a series of expected issues <br />from the $30 million bonds approved by the voters in November <br />1988. This issue will contain $7.845 million in School Bonds <br />and $1.230 million in Public Building Bonds. <br />RECOMMENDATION(S): Adopt proceedings as provided by Bond Counsel. <br />