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28 <br /> Slide #22 <br /> FY2021-22 RECOMMENDED BUDGET <br /> MISSION STATEMENT <br /> Orange County—ists to provide governmental services needed by <br /> our Residents or mandated by the State of North Carolina. <br /> To provide these quality services etflciently,we must; <br /> ElServethe Residentscf Crange County-Our Residents Came <br /> First <br /> ❑Mend on the energy,skills,and dedication of all our <br /> employees and volunteers; <br /> ❑Treat all our Residents and Employees with fairness,respect, <br /> and understanding. <br /> Orange County Residents Come First <br /> oaa {c;Ou TY <br /> Bonnie Hammersley thanked the Board for their support. <br /> RECESS <br /> A motion was made by Commissioner Greene, seconded by Commissioner Fowler, to <br /> recess the meeting. <br /> Roll call ensued <br /> VOTE: UNANIMOUS <br /> RECONVENE THE MEETING <br /> Commissioner Fowler was not yet present, but due to a quorum of board members <br /> being present, Chair Price asked for a motion to reconvene the meeting. <br /> A motion was made by Commissioner Hamilton, seconded by Commissioner Dorosin, to <br /> reconvene at 9:16 p.m. <br /> Roll call ensued. <br /> VOTE: UNANIMOUS <br /> 5. Public Hearings <br /> a. Public Hearing on the Financing of Various Capital Investment Plan Protects <br /> The Board conducted a public hearing on borrowing approximately $18,700,000 to <br /> finance capital investment projects and equipment for the fiscal year; and up to approximately <br /> $18,070,000 to refinance existing County loans and approve a related resolution supporting the <br /> County's application to the Local Government Commission (LGC)for its approval of the <br /> financing arrangements. The amount for refinancing may vary as staff further refines the <br /> analysis, and the financing and transaction costs are included in the loan amount. <br /> BACKGROUND: <br /> County staff estimates that the total amount to be financed for capital investment projects and <br /> equipment will be approximately $18,700,000 consistent with the County's Capital Improvement <br />