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Agenda - 05-01-2018 5-a - Public Hearing on the Financing of Various Capital Investment Plan Projects
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Agenda - 05-01-2018 5-a - Public Hearing on the Financing of Various Capital Investment Plan Projects
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4/26/2018 2:33:05 PM
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BOCC
Date
5/1/2018
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
5-a
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Agenda - 05-01-2018 Regular Meeting
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Path:
\Board of County Commissioners\BOCC Agendas\2010's\2018\Agenda - 05-01-2018 Regular Meeting
Minutes 05-01-2018
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Path:
\Board of County Commissioners\Minutes - Approved\2010's\2018
RES-2018-026 Resolution supporting an application to LGC for financing agreement for 2018 combined projects
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Path:
\Board of County Commissioners\Resolutions\2010-2019\2018
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C! <br />Classroom and Building Improvements (OCS) <br />254,000 <br />Food Services (OCS) <br />145,000 <br />Passmore Center Renovations <br />550,000 <br />Information Technologies <br />500,000 <br />IT Broadband Connectivity <br />60,000 <br />IT Governance Council Initiatives <br />346,010 <br />911 Center Improvements <br />117,832 <br />Conservation Easements <br />500,000 <br />Cedar Grove Park, Phase II <br />60,000 <br />Parks and Recreation Facility Renovations <br />195,000 <br />Affordable Housing Land Banking <br />293,000 <br />TOTAL ESTIMATED PROJECT COSTS <br />$ 7,950,793 <br />The County also expects to use some financing proceeds to pay financing <br />costs. <br />The hearing will be held in the Commissioners' usual meeting room in the <br />Whitted Human Services Center, 300 West Tryon Street, Hillsborough, North <br />Carolina. <br />The proposed financing would be secured by a lien on some or all of the <br />property to be acquired or improved with the financing proceeds, as well as the <br />County's promise to repay the financing, but there would be no recourse against the <br />County or its property (other than the pledged property) if there were a default on <br />the financing. The County expect the financing will be secured by a lien on the <br />Orange County Sportsplex property or the County's Government Services Annex <br />building (located at 208 South Cameron Street in Hillsborough) and related <br />property. <br />
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