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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: February 3, 1992 <br />SUBJECT: School Bond Referendum <br />DEPARTMENT County Manager <br />ATTACHMENT(S) <br />Resolution of Intent to File Bond <br />Application with the LGC <br />School Bond Survey Instrument <br />Draft Report - School Bond Survey <br />Draft Notice of Intent <br />11/26/91 Memo from Bond Counsel <br />Bond Referendum Timetable <br />1 <br />Action Agenda <br />Item No yvr--3 <br />PUBLIC HEARING YES NO X <br />INFORMATION CONTACT <br />Rod Visser, ext 2300 <br />TELEPHONE NUMBER <br />Hillsborough <br />732 -8181 <br />Chapel Hill <br />968 -4501 <br />Mebane <br />227 -2031 <br />Durham <br />688 -7331 <br />PURPOSE: To make a decision on whether to proceed with a possible <br />school bond referendum to be held in conjunction with the May 5, 1992 <br />primary elections. <br />BACKGROUND: In January, the Board of Commissioners held a series of <br />joint meetings with the Orange County and Chapel Hill - Carrboro Boards <br />of Education to discuss the elements, size, and timing of a possible <br />school bond referendum. The Board also approved the hiring of <br />the consulting firm of Johnston, Zabor & Associates to conduct a <br />telephone survey about voter attitudes towards a possible school <br />bond referendum. <br />Should the Board decide to pursue a May 5 referendum, the Board must <br />publish, no later than February 8, notice of its intent to file an <br />application for bonds with the Local Government Commission. At this <br />meeting, the Board would also need to adopt a resolution of intent <br />authorizing submission of the bond application and to hire bond <br />counsel. Fees for bond counsel would be paid from funds available for <br />legal services in the 1991 -92 budget and /or from the proceeds of a <br />successful bond referendum. A schedule of other milestones in a <br />possible bond referendum process has been outlined in the attached memo <br />from current bond counsel. <br />Copies of the school bond survey instrument, and a draft report of <br />survey results from the consulting firm of Johnston, Zabor & <br />Associates, are attached. Representatives of the firm will be <br />available at the February 3 meeting to respond to Commissioners' <br />questions about the survey. <br />RECOMMENDATION(S): As the Board decides. If the Board decides to <br />proceed with a bond referendum on May 5, 1992, the Manager recommends <br />that the Board adopt the attached resolution of intent to submit <br />b d <br />C2 n o application to the Local Government Commission; and <br />authorize the retention of Gundars Aperans of the firm of Brown <br />and Wood as bond counsel. <br />