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5 <br /> PES-2019-048 Attachment 2 <br /> Resolution supporting an application to the Local Government <br /> Commission for its approval of a County financing agreement <br /> WHEREAS-- <br /> 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 $30,000,000 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 /> $30,000,000. The final amount financed will include funds to pay financing costs and <br /> other related costs. <br /> 2. 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 />