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2 <br /> FINANCIAL IMPACT: There is no financial impact related to this action. However, there will be <br /> a financial impact in proceeding with the financing. A preliminary estimate of maximum debt <br /> service applicable to the capital investment projects and equipment financing would require the <br /> highest debt service payment of$1.9 million in FY 2023 (based on current market interest rates). <br /> The tax rate equivalent for the estimated highest debt service payment is approximately $0.90 <br /> (0.9 cents). <br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goals are applicable <br /> to this item: <br /> • GOAL: FOSTER A COMMUNITY CULTURE THAT REJECTS OPPRESSION AND <br /> INEQUITY <br /> The fair treatment and meaningful involvement of all people regardless of race or color; <br /> religious or philosophical beliefs; sex, gender or sexual orientation; national origin or ethnic <br /> background; age; military service; disability; and familial, residential or economic status. <br /> • GOAL: CREATE A SAFE COMMUNITY <br /> The reduction of risks from vehicle/traffic accidents, childhood and senior injuries, gang <br /> activity, substance abuse and domestic violence. <br /> • GOAL: ENABLE FULL CIVIC PARTICIPATION <br /> Ensure that Orange County residents are able to engage government through voting and <br /> volunteering by eliminating disparities in participation and barriers to participation. <br /> ENVIRONMENTAL IMPACT: The following Orange County Environmental Responsibility Goal <br /> impacts are applicable to this item: <br /> • ENERGY EFFICIENCY AND WASTE REDUCTION <br /> Initiate policies and programs that: 1) conserve energy; 2) reduce resource consumption; <br /> 3) increase the use of recycled and renewable resources; and 4) minimize waste stream <br /> impacts on the environment. <br /> • RESULTANT IMPACT ON NATURAL RESOURCES AND AIR QUALITY <br /> Assess and where possible mitigate adverse impacts created to the natural resources of <br /> the site and adjoining area. Minimize production of greenhouse gases. <br /> RECOMMENDATION(S): The Manager recommends that the Board: <br /> 1) conduct the public hearing; <br /> 2) close the public hearing; <br /> 3) adopt the resolution supporting the application to the Local Government Commission for <br /> approval of the financing; and <br /> 4) Authorize the acceptance of written comment(s) via e-mail to the Board at <br /> ocboccC@orangecountync.gov or by delivery to the Finance and Administrative Services' <br /> office at 405 Meadowlands Drive, Hillsborough, North Carolina 27278, until 9:00 a.m. on <br /> Thursday, May 6, 2021. If written comments are received before this deadline, the <br /> resolution will be brought back to the BOCC at the May 18, 2021 Business meeting for <br /> further consideration. If no written comments are received, the decision of the Board <br /> approving the resolution shall become effective at 9:01 a.m. on Thursday, May 6, 2021. <br />