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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Dale: September 4, 2001 <br />' Actlon Agenda <br />Item NO. g-L <br />SUBJECT: Atloptlon of Bontl Oders Ballot Question and Referentlum Date <br />DEPARTMENT: Finance PUBLIC NEARING: (Y/N) No <br />ATTACHMENT(S): INFORMATION CONTACT: <br />Bontl Oders Ken Chavipus, 245-2453 <br />Resolution <br />TELEPHONE NUM8ER5: <br />Hillsborough T32A181 <br />Chapel HIII 9684501 <br />Durham 686]331 <br />Mebane 33622]-2031 <br />PURPOSE: To wnsider edopfion of[he Bontl Oders antl to formally utihe ballot question <br />and referendum date as requietl by the Local Govemmenl Bontl Ad antl in aarntlance with <br />the time table established for the proposetl November 6, 2001 bontl referentlum. <br />BACKGROUND: On August 14, 2001, the Bond Oders required for the proposed November <br />6, 2001 bontl referendum were inirotlucetl by the BoeN. At that time, the tla[e for the required <br />public hearing on the Bontl OMere was also established. The public hearing took place on <br />Augua[ 2T, 2001. All of the actions requiretl by the Local Government Bontl Ac[ have occurred <br />in accortlance wN1 the Boartl's establishetl timetable. <br />The requirements of the Bond Act state that after the hearing, the BoeN needs to adopt the <br />Bontl Oders antl fprnally set the ballot question and the data forthe referendum. Atloption of <br />[he Bond Oders confirms the final amounts of the propoaetl bontls that will go before fhe <br />vMers. The ballot questions antl [he date of the referentlum are formally set by adoption of a <br />resolution wmaining [he language necessary for wmpliance with the statutes. Once atloptetl, <br />the CIeB to [he Boartl must sentl a copy oRhe resolution to the County Boats of Elections <br />wtthin three tlays. As soon as possible after etlop[ion, the Cleda must also publish the Bond <br />Orders. Thefour Bontl Oders for adoption are attached, antl the formats remain unchanged <br />tromthe August 14 inirotluction. The required resolution, setting frdh the balbt queatione antl <br />referentlum date Is also attachetl. All tlocumenta have been prepared by Bond Counsel Bob <br />Jessup, who will be available [o answer any further questions regarding the legal proceedings. <br />FINANCIAL IMPACT: There is no immetliate financial impact associated wiN this action. <br />RECOMMENDATION(S): The Manager rewmmenda that the BOartl atlopt the Bond Ortlers <br />thereby establishing the final amount for the referentlum, antl atlopt the resolution formally <br />sehing the bontl queetbns and the referentlum tlate. <br />