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39 <br /> 1 Slide #11 <br /> Proposed Timeline <br /> Proposed 2024 Capital Planning and Bond Referendum Schedule <br /> 1. Review schedule of approvals for a bond referendum and review <br /> the County Facilities Master Plan November 9`"Work Session — <br /> 2. Review School Facilities Long Range Optimization Plan-woolpert December 4th Business Meeting <br /> 3. Review Financing Scenarios December 12th Business Meeting <br /> 4. Approve a tentative plan for Bond Referendum January 16th Business Meeting <br /> January 19"1 Retreat <br /> 5. Staff meets with Local Government Commission on tentative <br /> January/February 2024 <br /> Bond plan <br /> 6. School Boards adopt a resolution supporti ng the referendum February 2024 <br /> March 3 Business Meeting <br /> 7, Review potential adjustments to the bond referendum plan,if March 12 Wank Session <br /> needed. <br /> March 19 Business Meeting <br /> OKAN(jE COUNTY <br /> 11 'tir W i t r C_AROI.INA <br /> 2 <br /> 3 <br /> 4 Slide #12 <br /> Proposed Timeline <br /> Proposed 2024 Capital Planning and Bond Referendum Schedule <br /> 8. BOCC adopts preliminary resolution establishing the bond purpose(s)and sets a not to <br /> exceed bond amount(s). Neither the purpose nor the not to exceed amount moy chonge April 21r BQCC Business Meeting <br /> following this action. <br /> 9. BOCC appoints a bond education committee and appropriates funds for outreach April 161h BOCC Business Meeting <br /> 10. Staff publishes a notice of intent to file an application for a general obligation bond By May 1 <br /> referendum <br /> 11. Staff files bond application with the Local Government Commission By May 10 <br /> 12. BOCC introduces bond order and schedules a public hearing May 71 BOCC Business Meeting <br /> 13. 80CC holds public hearing on bond referendum May 211'BOCC Business Meeting <br /> 14. BCCC adopts the bond order;formally set the ballot question and referendum date June 41h BOCC Business Meeting <br /> 15. Community vote on bond referendum November 5,2024 <br /> ORANGE COUNTY <br /> 12 NORTH CAROLINA <br /> 5 <br /> 6 Commissioner Richards asked what it would look like for pay-go to be $200 million. <br /> 7 Travis Myren said it would result in an additional substantial tax increase because every <br /> 8 1 cent increase only generates $3 million. <br /> 9 Commissioner Richards asked how to get people to support the bond when it still isn't <br /> 10 enough to address current needs. <br />