Orange County NC Website
29 <br /> 1 Program. The statutes require that the County conduct a public hearing on the proposed <br /> 2 financing. A copy of the published notice of this hearing is provided (Attachment 1). <br /> 3 <br /> 4 The notice of public hearing was advertised in The Herald Sun and the News of Orange. <br /> 5 <br /> 6 After conducting the public hearing and receiving public input, staff proposes that the Board <br /> 7 consider adoption of the resolution (Attachment 2). This resolution formally requests the <br /> 8 required approval from the North Carolina Local Government Commission (LGC)for the <br /> 9 County's financing, and makes certain finding of fact as required under the LGC's guidelines. <br /> 10 County staff has been in contact with the LGC staff, and staff expects no issues in receiving <br /> 11 LGC approval. <br /> 12 <br /> 13 If the Board adopts the resolution indicating its intent to continue with the financing plan, the <br /> 14 Board will be asked to consider a resolution giving final approval to the financing plans at the <br /> 15 May 18, 2021 Business meeting. Under the current schedule, County staff expects to set the <br /> 16 final interest rates and close by the end of June. <br /> 17 <br /> 18 Gary Donaldson, Chief Financial Officer, made the following presentation: <br /> 19 <br /> 20 Slide #1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Series 2021 Umlted Obligation Bonds <br /> Spring Financing Resolution <br /> satrwakwt d,ld r.aa�aattl� <br /> May 4,2621 <br /> 21 <br /> 22 <br /> 23 <br /> 24 Slide #2 <br /> Purpose <br /> > CnKucxvgurxe.nrvgrorury,medomgm�nennd:our.�mmxv svrea�alory xrm-za <br /> > 4 1,—App —Prpree rllinglaal G.rnermmem[a M,,Applloarxn for5ares 201 <br /> Flnand. <br /> A undsnurf-r zozo-zl[apnal lnueccnrenralervthroughthls Girls—t U—*­—d,Dods— <br /> .aa1—akaze6'ofT-1.ailha—r"inMrest In Me—d&iiUry,Main Iibrar7r 8+avkrnaaE Farms <br /> -d Cudbreth Middle&hod. <br /> i Tha 5e,i 20211imlted Obligation OeN ilI h�various[ounry projects induding, <br /> --1d.arta cmbpment(s-e reareuwdit: Y.soy <br /> -c„nq arceemNpmlO Years usakul mal: S1[i.z <br /> -srhool Aoee luvto xoyearsusafulfifef', $/s addnn <br /> mrAl: Sssr.Mllgpn <br /> Pale I,W and—fupsofoureontlserlamvling$x5niilllon;cedes xotx,xola torn,lalneankof <br /> Arretica and 20175.r%bank, <br /> eoaaxefrtoancingxet seNgam55goAx.wssdaMrxVlrer d¢tis�o•.zr mematuripr Ne MEne eonas. <br /> ORANGE rm1�UNTY <br /> 25 <br /> 26 <br /> 27 <br /> 28 Commissioner Fowler rejoined the meeting at 9:18 p.m. <br /> 29 <br /> 30 <br />