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WHEREAS the Orange County Board of Commissioners proposes <br />implementing the school Capital Improvements with <br />the proceeds of general obligation bonds and with <br />annual proceeds of current property taxes, current <br />sales taxes and other current revenue; and <br />WHEREAS that portion of the school Capital Improvements <br />proposed to be implemented with the proceeds of <br />general obligation bonds is S and <br />WHEREAS it is the intent of the Orange County Board of <br />Commissioners to seek approval of the voters of <br />Orange County at the general primary- election to be <br />held in Orange County on May 5, 1992 for Orange <br />County to issue general obligation bonds: <br />IT IS RESOLVED THAT: <br />1. Orange County intends, on May 5, 1992, to seek <br />approval of the voters of Orange County for Orange County to <br />issue general obligation bonds totaling $ . <br />?. Orange County has made all debt service payments on <br />a timely basis as evidenced by its audit reports for the <br />years ending June 30, 1991. <br />3. According to Orange County's audit report for the <br />fiscal year ending June 30, 1991, its budgetary and fiscal <br />management policies have been carried out in compliance with <br />law. <br />4. In order to meet the increase in debt service <br />3 <br />