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3 <br /> Two other documents are presented with this age nd s item for the Board ' s d iacn ss io n L <br /> 1 . A draft policy statement on the " Use of County Funds for Joint Park and Open Space <br /> Projects " . This document was prepared at the Board ' s request and circulated to municipal <br /> govern inB . boarda in September 2001 for feedback : The Chapel I--lilI ` own Council <br /> considered the draft policy statement at their November 26 , 2001 meeting and decided that <br /> members Kevin Four and Bill Strom should work to present the Town ' s suggested <br /> refinerrents to the <br /> , pol i state mart thro ugly the I ntarg ovemme ntal F arks Wo rk G rou p <br /> process . The Board may wish to discuss hove thls policy. Matement should be finalized to <br /> guide the process for bond sales In the corning Yews . Two specific points ' of discussion that <br /> should be addressed are : a) the venue for deliberations by means of which the Board will <br /> oorrrmunicate to bond partners about fiscally feasible timelines for proceeding with varlous <br /> pro) acts ; and b ) whether the polio} statement ulfimatelyr enacted by the D OC C should be <br /> .made retroactively applicable to undistributed 1997 bond proceeds , <br /> 2 , A sample applibation form that would be submitted to the County Commissioners by .any <br /> bond partner des inng to formallysubrnit a request that 2001 bond funds be scheduled for <br /> sale to help finance a p , rticular project . <br /> FINANCIAL IMPACTI. Potential financial impacts , espeolally annual and cumulative tax rate <br /> impacts as laid out in the a = trnparlying tables , will be addressed by & taft during the <br /> presentation , <br /> RFC 0MMENDAT 10N ( ) : The Manager recotm 'merids that the Board receive the presentation , <br /> and provide appropriate direction to the Manager and staff . <br />