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Two other documents are presen[etl with this agenda item far Yha BoeM's dlacussicn: <br />1. A tlrafl policy statement on the "Use of County Funds for Joint Parks and Open Space <br />Projects". This tlocument was prepared atthe BoaN's request and circulatetl to municipal <br />governing boaNa in September 2001 for feetlback: The Chapel Hill Town Council <br />wnsidered [he dmtt policy statement e[ [heir November 26, 2001 meeting and decided that <br />members Kevin Foy end Bill Strom shoultl work to present the Town's suggested <br />refnements to the policy statement through the Intergovernmental Parks Work Group <br />process. The Board may wish to tliscuss how this policy statement should be fnelizetl fo <br />guitle the process for bond sales in the coming years. Two specific points of discussion that <br />shoultl be atltlressed are: a) the venue for deliberetiona by means of which the eoertl will <br />communicate to bontl partners about fiscally feasible timelines for proceeding with various <br />projects; antl b) whether the policy statemerrc ultimately enacted by the BOCC should be <br />made retroactively applicable to untlistributetl 199] bontl proceetls. <br />2. A sample application form that would be submitted to the County Commissioners by any <br />bontl partner desiring to formally submits request that 2001 bontl funtls be schetluletl for <br />sale tp help fnance a particular protect. <br />FINANCIAL IMPACT: Potential financial impacts, especially annual and cumulative tax rate <br />impacts as laitl out in the accompanying tables, will be atltlressed by staff during the <br />presentation <br />RECOMMENDATIDNjS): Tha Manager recommentls that the Board receive the preaentetion, <br />end provitle appropriate direction to [he Manager end staff. <br />