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28 <br /> Commissioner Bedford said when funding is approved on July 1, borrowing does not <br /> happen until the next April. She said the flooding at Phillips Middle School happened in <br /> September or so. She said perhaps the school should have prioritized the project earlier. She <br /> said CHCCS plans to spend over$1 million to revisit architectural studies done in 2013, in <br /> preparation for the bond. She said costs just accelerate faster than any budget can keep up <br /> with. She said she is concerned to hear CHCCS talking about focusing on a couple of projects, <br /> as she believes Commissioners intended $30 million to address a wider number of emergency <br /> projects: HVAC, leaking windows, etc. She said she would like the County to clarify with <br /> CHCCS on the intent of these funds. She said OCS projects are addressing those types of <br /> things. She said she questions when does a school just wear out and need to start over. She <br /> said it may be valuable to have a work group start again to look at these issues. <br /> Bonnie Hammersley clarified that once the budget passes on July 1, the County does a <br /> reimbursement resolution, which gives schools the money that was budgeted for them in <br /> advance of the borrowing, so there is no delay. She said the County reimburses itself with the <br /> borrowing. She said the County wants schools to move forward with projects, and the $30 <br /> million was specified for deferred maintenance, not to increase capacity. She said OCS took <br /> off running with it. She said staff will work with schools to help them understand what those <br /> funds are for. <br /> Commissioner Dorosin asked if the Phillips repair actually did have to be delayed. <br /> Bonnie Hammersley said the County put in money so CHCCS could bid in advance. <br /> She said the County does not want to be a barrier for schools to move forward with projects, <br /> and will work with both districts to ensure funds are available. <br /> A motion was made by Commissioner Bedford, seconded by Commissioner Dorosin, to <br /> approve item 8-m. <br /> Roll call ensued. <br /> VOTE: UNANMIOUS <br /> a. Minutes <br /> The Board approved minutes for the April 20, 2021 and April 22, 2021 Board of County <br /> Commissioners meetings. <br /> b. Approval of a Resolution on Renaming Braxton Bragg Court to Hydrangea Court <br /> The Board approved a resolution, which is incorporated by reference, regarding the petition to <br /> rename Braxton Bragg Court to Hydrangea Court, and authorize the Address Administrator to <br /> submit the resolution to the North Carolina Board of Transportation for approval. <br /> c. Approval of a Resolution on Renaming Joseph Johnston Court to Water Oak Court <br /> The Board approved a resolution, which is incorporated by reference, regarding the petition to <br /> rename Joseph Johnston Court to Water Oak Court, and authorize the Address Administrator <br /> to submit the resolution to the North Carolina Board of Transportation for approval. <br /> d. Affordable Housing General Obligation Bond Sale —$2,500,000 <br /> The Board adopted the attached General Obligation (GO) bond resolution for the following <br /> purposes: <br /> 1) Formally authorizes the sale of$2,500,000 in affordable housing bonds; <br /> 2) Formally pledges the County's taxing power to provide for payment on the bonds; <br /> 3) Approves the proposed form of the bonds; <br /> 4) Approves the form of the draft official statement for use in offering bonds to investors; <br /> 5) States the County's agreement to comply with the relevant provisions of federal tax <br /> law and the federal rules for continuing disclosure to the securities markets; and <br />