Orange County NC Website
5 <br />had a desire to submit a minority report recommendation or if anyone wanted to submit <br />any additional written information as an attachment to the Task Force's report. No Task <br />Force member expressed a desire to exercise these options. <br />ORANGE ENTERPRISES <br />It should be noted that one proposed bond project, although not included in the <br />recommendation, received substantial support from the Task Force. It entailed facilities <br />improvements for Orange Enterprises. Due to the somewhat limited funding requested <br />for these improvements ($525,000), the possibility that other funding may be available <br />for it, and counsel from county staff, the Task Force did not recommend this project for <br />inclusion in the November 2001 bond package. Nevertheless, the Task Force strongly <br />encourages the Board of Commissioners to support and adequately fund the Orange <br />Enterprises project through other means. <br />RECOMMENDED BOND PACKAGE <br />The Orange County Capital Needs Advisory Task Force has identified elements of a <br />bond package for recommendation to the Board of County Commissioners which would <br />.result in an $85,000,000 total bond amount. This would require an estimated general <br />fund property tax increase of 8.29 cents per $100 of assessed valuation. The <br />recommended bond elements include $4 million for two new senior centers with the <br />Task Force recommending that any remaining costs for the senior centers be paid with <br />other existing funding sources or by borrowing funds by private placement. <br />The bond package recommended by the Task Force is shown on the following page. <br />