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Agenda - 03-19-2019 5-c - Public Hearing on the Financing of Various Capital Investment Plan Projects
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Agenda - 03-19-2019 5-c - Public Hearing on the Financing of Various Capital Investment Plan Projects
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3/14/2019 4:40:53 PM
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BOCC
Date
3/19/2019
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
5-c
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4 <br /> Meadowlands Emergency Center 2,153,209 <br /> Government Services Annex Remediation 685,936 <br /> Link Center Remediation 1,533,469 <br /> Solid waste system - trucks 984,000 <br /> Solid waste system — High Rock facility construction 571,000 <br /> Hillsborough EDD — utility projects 1,300,000 <br /> Total Project Costs 25,539,763 <br /> Financing Costs/Underwriter's Discount/Contingency $ 445,237 <br /> Total Financing $ 25,985,000 <br /> The hearing will be held in the Commissioners' usual meeting room in the <br /> County's Southern Human Services Center, 2501 Homestead Road, Chapel Hill, <br /> North Carolina. <br /> The proposed financing would be secured by a lien on some or all of the <br /> property purchased or improved through the financing as well as the County's <br /> promise to repay the financing, but there would be no recourse against the County <br /> or its property (other than the pledged property) if there were a default on the <br /> financing. The County expects that the collateral for the financing will consist <br /> primarily of property in the County's "southern campus" off Homestead Road and <br /> the County's emergency operations buildings in the Meadowlands section of <br /> Hillsborough. <br /> All interested persons will be heard. The County's plans are subject to change <br /> based on the comments received at the public hearing and the Board's subsequent <br /> discussion and consideration. The County's entering into the financing is subject to <br /> obtaining approval from the North Carolina Local Government Commission. <br /> Persons wishing to make written comments in advance of the hearing or <br /> wishing more information concerning the subject of the hearing may contact Gary <br /> Donaldson, Orange County Finance Officer, Post Office Box 8181, Hillsborough, NC <br /> 27278 (telephone 919/245-2453, email gdonaldson@ orange countync.gov). <br />
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