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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: August 27, 2001 <br />~- Action Agenda <br />Item No. <br />SUBJECT: Public Hearing -November 6, 2001 Bond Referendum __ <br />DEPARTMENT: Finance PUBLIC HEARING: (Y/N) Yes <br />ATTACHMENT(S): <br />None <br />INFORMATION CONTACT: <br />Ken Chavious, ext 2453 <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968501 <br />Durham 688-7331 <br />Mebane 336-227-2031 <br />PURPOSE: To conduct a public hearing to receive citizen comments on the bond orders <br />proposed for the planned November 6, 2001 bond referendum. <br />BACKGROUND: On August 14, 2001, the Board of Commissioners introduced five bond <br />orders proposed for consideration by the voters in a planned November 6, 2001 bond <br />referendum. The next step in the referendum process is to receive public comment on the bond <br />orders and the advisability of issuing bonds. Pursuant to the Local Government Bond Act, a <br />public hearing notice has been published by the Clerk indicating August 27, 2001 as the date of <br />the hearing approved by the Board. Upon completion of the public hearing, the Board must <br />take final action to adopt the bond orders and officially call for the referendum as part of the <br />November 6 election. These actions may be completed at either the work session scheduled <br />far August 30, or at the regular meeting scheduled for September 4. <br />FINANCIAL IMPACT: There is no financial impact associated with the public hearing. <br />RECOMMENDATION(S): The Manager recommends that the Board conduct the required <br />public hearing. <br />