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1 <br />2 <br />3 VII. SPECIAL PRESENTATIONS —none <br />4 <br />5 VIII. PUBLIC HEARINGS - none <br />6 <br />7 IX. REPORTS <br />8 A. AFFORDABLE HOUSING LOAN PROGRAM <br />9 Mr. William R. Rogerson, Vice - President of Wachovia, presente <br />10 information to the County Commissioners on Wachovia's Neighborhoo <br />11 Revitalization Program and Affordable Housing Mortgage Loans. H <br />12 discussed the main features of the program and the criteria an <br />13 qualifications for eligibility to participate in their loan program. <br />14 <br />15 <br />16 X. ITEMS FOR DECISION - REGULAR AGENDA <br />17 A. COUNTY -WIDE SCHOOL DISTRICT TAX <br />18 John Link reviewed the language that was on the ballot in the <br />19 March, 1976 special school referendum stating that the information of <br />20 the ballot for a county -wide tax would need to specify the purpose an( <br />21 the rate authorized. He presented a proposed ballot which would statf <br />22 the maximum rate as allowed by the State which is fifty cents per $101 <br />23 of property valuation. The'Board may specify from fifty cents down tc <br />24 one cents to be levied. The purpose would be to "equalize educations: <br />25 advantages within Orange County and the money derived from the tax woulc <br />26 be used to supplement the funds from State and County allotments anc <br />27 thereby to operate the schools within Orange County at a higher <br />28 standard. ". <br />29 Discussion ensued on the language for the ballot but nc <br />30 decision was made. This will be discussed further. <br />31 Chapel Hill - Carrboro School Board Member Mary Bushnell read <br />32 a prepared statement from Sue Baker, Chair of the School Board. Ir. <br />33 summary, the Chapel Hill - Carrboro City Board of Education reached a <br />34 consensus that the purpose of the tax should be for expansion items ir. <br />35 their annual budget request. They suggested that the revenue be <br />36 distributed on the ADM formula. They will pledge the time necessary tc <br />37 promote the referendum. She stated the Board also agreed that it might <br />38 be useful to keep the cap on the tax at a low figure. They support a <br />39 bond referendum in November, 1990. <br />40 Ralph Warren, Chair of the orange County Board of Education, <br />41 read a prepared statement. He stated that it was the Board's general <br />42 feeling that a county -wide district tax should be enacted.' Also, they <br />43 feel that revenue derived from such a district tax should be distributed <br />44 on the same ADM formula as' other current expense funding. While most <br />45 of the Board generally supports the special district tax, the consensus <br />46 of the majority of the Board Members is that they do not support the <br />47 inclusion of this question on the November 6 ballot. They feel it might <br />48 be well to consider planning now for a referendum to be held in the <br />49 spring. <br />50 Commissioner Hartwell stated he supports going ahead with a <br />51 district -wide tax at this time because the citizens are aware that this <br />52 may be on the ballot. Those seeking office could express their opinion <br />