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RES -201 M 18 <br /> s * h draft of February. 28 <br /> Resolution supporting an application to the Local Government <br /> Commission for its approval of a County financing agreement <br /> WHEREAS The Board of Commissioners has previously determined to carry out various <br /> public improvements and acquisitions , as identified in the County' s capital <br /> improvement plan and as described on Exhibit A . <br /> The Board of Commissioners has also determined to finance the costs of these <br /> projects through an installment financing, as authorized under Section 160A- 20 of <br /> the North Carolina General Statutes . <br /> Under the guidelines of the North Carolina Local Government Commission, <br /> this governing body must make certain findings of fact to support the County' s <br /> application for the LGC ' s approval of the County' s financing arrangements . <br /> 1 . THEREFORE , BE IT RESOLVED by the Orange County Board of <br /> Commissioners , as follows : <br /> (a) The County makes a preliminary determination to finance <br /> approximately $ 25 , 985 , 000 to pay capital costs of public improvements and <br /> acquisitions, and in particular those described on Exhibit A . <br /> (b ) The Board will determine the final amount to be financed by a later <br /> resolution . The final amount financed may be slightly lower or slightly higher than <br /> $ 25 , 985 , 000 . <br /> I The Board of Commissioners makes the following findings of fact <br /> in support of the County' s application to the LGC : <br /> (a) The proposed projects are necessary and appropriate for the County <br /> under all the circumstances . <br />