Orange County NC Website
Browse       Search
, <br />4 4, <br />4. In order to meet the increase in debt service , <br />occasioned by the repayment of the proposed bonds entirely <br />from proceeds of Orange County property taxes, it is <br />estimated that a $0.15 tax increase would be necessary. <br />.5. The Clerk to the Board of Commissioners shall <br />publish, on or before July 24, 1992 in a form prepared by or <br />approved by Orange County's bond counsel, Orange County's <br />"Notice of Intent" to file an application with the North <br />Carolina Local Government Commission for approval of the <br />proposed bonds. <br />6. The orange County Finance Director shall prepare the <br />application to the North Carolina Local Government Commission <br />for approval of the proposed bonds. <br />Upon motion duly made and seconded, the foregoing Resolution <br />was adopted by the Board of Commissioners of Orange County <br />this the 29th day of June, 1992. <br />Ayes: <br />Noes: <br />