Orange County NC Website
• Makes the required continuing disclosure commitments. <br />Authorizes County staff to complete the process of issuing bonds. <br />The resolution has been prepared by Bond Counsel in compliance with the requirements of the <br />LGC. <br />FINANCIAL IMPACT: A debt service appropriation of $465,000 related to %2 year's interest on <br />the 1997 bonds is included in the Manager's Recommended budget for 2001-2002. Savings on <br />the issuance of the refunding bonds is detailed above. <br />RECOMMENDATION(S): The Manager recommends that the Board adopt the resalution <br />formally authorizing the sale of the 1997 bonds and the refunding bonds. <br />