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29 <br /> Program. The statutes require that the County conduct a public hearing on the proposed <br /> financing. A copy of the published notice of this hearing is provided (Attachment 1). <br /> The notice of public hearing was advertised in The Herald Sun and the News of Orange. <br /> After conducting the public hearing and receiving public input, staff proposes that the Board <br /> consider adoption of the resolution (Attachment 2). This resolution formally requests the <br /> required approval from the North Carolina Local Government Commission (LGC) for the <br /> County's financing, and makes certain finding of fact as required under the LGC's guidelines. <br /> County staff has been in contact with the LGC staff, and staff expects no issues in receiving <br /> LGC approval. <br /> If the Board adopts the resolution indicating its intent to continue with the financing plan, the <br /> Board will be asked to consider a resolution giving final approval to the financing plans at the <br /> May 18, 2021 Business meeting. Under the current schedule, County staff expects to set the <br /> final interest rates and close by the end of June. <br /> Gary Donaldson, Chief Financial Officer, made the following presentation: <br /> Slide #1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Series2021 Limited Obligation Bonds <br /> Spring Financing Resolution <br /> en'�eU sL[nk-0rkiaaalaHke <br /> May 4,2021 <br /> Slide #2 <br /> Purpose <br /> a mvdvaeubuu neermgf r11med oaeaumgend-1-11--n--a1pn lcw-zfl <br /> Y o.I,eoara uppr—.—i,e Wffi Filing Losgleoverrunent[lrnmissllnappllsetron torsades toll <br /> Fin.� <br /> Y <br /> Fun-1— lnre,rmen[Nanmrpugh Nis urs ami di—d,1b1g1fa onds are <br /> x,rre6bva WeddT—AN...ft imergst In the Whined I1u4fire.Mom LiW y i,c vcM Farms <br /> andfuabrelA Middle School. <br /> ThaSerim]0211imiF�flbligaliont'eM,will hMvarioua Countgprojactl inclutling, <br /> -vehldas armflgwpnent(se rem ureful Nei: 59og,9flg <br /> -C .p pi-6—[uo1o201earsusefulw1: 510.2 <br /> -rnoo1-j-1up1.201re1su 1 Mel. $71-In <br /> TL11aSias Mlllbn <br /> r11,dR ncing dept.four flood Serle,—Ing$19milllon,-Series 2012,202,loan,201,eank& <br /> Anier§a and 2017 S.1m g,ik <br /> T mmaelLuncingxets��d5ga,pnn3xdtRgeFlrar�gul&oer rhemawrnylikpf theeontls. <br /> OR4NNGECOUNTY <br /> Commissioner Fowler rejoined the meeting at 9:18 p.m. <br />