Agenda - 04-21-20; 8-a - Minutes

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15 1 c. Property Tax Releases/Refunds 2 The Board adopted a resolution, which is incorporated by reference, to release property tax 3 values for six taxpayers with a total of fourteen bills that will result in a reduction of revenue in 4 accordance with North Carolina General Statute 105-381. 5 d. Resolution of Approval —Trail Easement 6 The Board approved a resolution, which is incorporated by reference, to approve the 7 acceptance by Orange County of a trail easement granted by Christina Deprez for the purpose 8 of connecting the Mountains to Sea Trail to NC 54 / Mebane-Oaks Road and authorize the 9 Chair to sign. 10 e. Resolution Regarding Orange County Becoming a Socially Conscious Animal 11 Community 12 The Board approved a resolution, which is incorporated by reference, regarding Orange County 13 becoming a socially conscious animal community and authorized the Chair to sign. 14 f. Change in BOCC Meeting Schedule for 2020 15 The Board approved changes in the Board of Commissioners' meeting calendar for 2020. 16 g. General Obligation Bond Sale of$20,060,000 for Cedar Ridge High School Wing and 17 Various Other Orange County School Improvements 18 The Board adopted the attached General Obligation (GO) bond resolution for the following 19 purposes: 20 1) Formally authorize the sale of$20,060,000 in school bonds; 21 2) Formally pledge the County's taxing power to provide for payment on the bonds; 22 3) Approve the proposed form of the bonds; 23 4) Approve the form of the draft official statement for use in offering bonds to investors; 24 5) State the County's agreement to comply with the relevant provisions of federal tax law 25 and the federal rules for continuing disclosure to the securities markets; and 26 6) Authorize County staff to complete the process of issuing the bonds and authorizing the 27 final principal payment schedule. 28 h. Adoption of the Final Financing Resolution Authorizing the Issuance of 29 Approximately$40,000,000 in Installment Purchase Financing for Various Capital 30 Investment Plan Projects 31 The Board considered voting to adopt the final financing resolution authorizing the issuance of 32 approximately $40,000,000 in installment financing to finance capital investment projects and 33 equipment for the fiscal year, including amounts to pay transaction costs. 34 DEFERRED 35 36 9. County Manager's Report 37 Bonnie Hammersley said staff is working hard on an operating budget process for this 38 year, and a budget that maintains mandatory services and keep jobs. She said staff plans to 39 have a proposed budget for the May 5t" meeting. She said there is currently a hiring freeze in 40 place, and staff has reduced spending such as removed travel and monitoring revenues and 41 encumbrances. She said she is meeting with all Department Directors about the budget. She 42 said the entire team creates the budget, and the goal is not to increase the tax rate. She said 43 there will be sacrifices and tough decisions going forward. 44 Chair Rich said the Board is grateful that Bonnie Hammersley will be leading the 45 County through this time. 46 47 10. County Attorney's Report 48 NONE 49 50 Commissioner Dorosin asked if the legislature will be coming into session at the end of 51 the month, as originally scheduled.