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Agenda - 04-07-20; 8-g - General Obligation Bond Sale of $20,060,000 for Cedar Ridge Wing and Various Other OCS Improvements
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Agenda - 04-07-20; 8-g - General Obligation Bond Sale of $20,060,000 for Cedar Ridge Wing and Various Other OCS Improvements
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4/3/2020 9:51:28 AM
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4/3/2020 9:54:23 AM
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BOCC
Date
4/7/2020
Meeting Type
Business
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Agenda
Agenda Item
8-g
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Agenda 04-07-20 Virtual Business Meeting
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Path:
\Board of County Commissioners\BOCC Agendas\2020's\2020\Agenda - 04-07-20 Virtual Business Meeting
Minutes 04-07-2020 Virtual Business Meeting
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Path:
\Board of County Commissioners\Minutes - Approved\2020's\2020
RES-2020-021 Resolution for the sale of General Obligation Bonds for Cedar Ridge High School Wing and Various other Orange County School Improvements
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Path:
\Board of County Commissioners\Resolutions\2020-2029\2020
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23 <br /> Background and Purpose <br /> ➢ November 8, 2016 voters approved $120 million in School Bonds of which the Orange County <br /> Schools GO Bond allocation is $47.9 million based on the Average Daily Membership <br /> ➢ Bond Referendum was approved by two-thirds of the Orange County voters <br /> ➢ $14.5 million of authorized and unissued GO School Bonds and $2.5 million of Affordable <br /> Housing GO Bonds remains to be issued by FY 2022-23 <br /> ➢ To fund Orange County Schools projects: <br /> - Cedar Ridge High School Wing $14.5 million <br /> - District-wide Security Initiatives $1.5 million <br /> - A.L. Stanbeck/Grady Brown Elementary roofing/waterproofing $1.3 Million <br /> - Cameron Park Elementary Classroom improvements $1 million <br /> - Cameron Park/Grady Brown Elementary Mechanical and HVAC $1.7 million <br /> Total: $20 N4e -- <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />
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