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5 <br /> <br />A motion was made by Commissioner Bedford, seconded by Commissioner <br />Marcoplos to open the Public Hearing. <br /> <br />VOTE: UNANIMOUS <br /> <br />Public Comments: <br />None <br /> <br />A motion was made by Commissioner Bedford, seconded by Commissioner <br />Marcoplos to close the Public Hearing. <br /> <br />VOTE: UNANIMOUS <br /> <br />A motion was made by Commissioner Bedford, seconded by Commissioner <br />Marcoplos for the Board to approve the FY2021 Community Transportation Program Grant <br />application; adopt a resolution for FY2021 in the total amount of $179,189 with a local match <br />of $26,878 to be provided when necessary; authorize the Chair to sign the Community <br />Transportation Program Resolution, the Local Share Certification for Funding form, and the <br />Anticipated DBE/DEW Vendor Awards form; and authorize the Chair and County Attorney to <br />review and sign the annual 2020 Certifications and Assurances documents when available. <br /> <br />VOTE: UNANIMOUS <br /> <br />Chair Rich pointed out that the social responsibility and environmental impact for this <br />program supports BOCC goals. She thanked staff for its work on this, as well as the solar <br />charging panels. <br /> <br />6. Regular Agenda <br /> <br />a. Adoption of the Final Financing Resolution Authorizing the Issuance of <br />$37,000,000 in Installment Purchase Financing for Various Capital Investment <br />Plan Projects Including Refinancing Existing County Debt of $16,359,886 <br />The Board considered adopting the final financing resolution authorizing the issuance <br />of approximately $37,000,000 in installment financing to finance capital investment projects <br />and equipment which includes refinancing $16,359,886 of existing County debt. The financing <br />includes amounts to pay transaction costs. <br /> <br />BACKGROUND: At the September 3 and 17, 2019 regular Board meetings, the Board of <br />County Commissioners conducted public hearings and received preliminary information on <br />capital projects and equipment financing and refinancing existing debt obligations. The Board <br />made a preliminary determination to finance these capital projects and equipment, and <br />financing costs by the use of an installment financing, as authorized under Section 160A-20 of <br />the North Carolina General Statutes. <br /> <br />The statutes require that the County adopt a financing resolution supporting the application to <br />the Local Government Commission (LGC) for approval of the financing. County staff has been <br />in contact with the LGC staff, and expects no issues in receiving full LGC approval. <br /> <br />If the Board adopts the final financial resolution authorizing final approval for the financing, <br />staff expects the LGC to approve the financing plan at its October 1, 2019 meeting as well.