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39 <br /> Slide #11 <br /> Proposed Timeline <br /> Proposed Bond Referendum Schedule <br /> 1. Review schedule of approvals for a bond referendum and review 1n <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 19th 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 supporting the referendum February 2024 <br /> 7. Review potential adjustments to the bond referendum plan,if March 7 Business Meeting <br /> needed. March 12 Work Session <br /> March 19 Business Meeting <br /> ORANGE COUNTY <br /> 11 NORTH CAROI-INA <br /> Slide #12 <br /> Proposed Timeline <br /> ProposedBond 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 may change April2"d BOCC Business Meeting <br /> following this action. <br /> 9. BOCC appoints a bond education committee and appropriates funds for outreach April 161 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 30 <br /> 12. BOCC introduces bond order and schedules a public hearing May 7"BOCC Business Meeting <br /> 13. BOCC holds public hearing on bond referendum May 2151 BOCC Business Meeting <br /> 14. BOCC adopts the bond order,formally set the ballot question and referendum date June 41 BOCC Business Meeting <br /> 15. Community vote on bond referendum November 5,2024 <br /> �� <br /> 12 ORANGE <br /> COUNTY <br /> NA <br /> Commissioner Richards asked what it would look like for pay-go to be $200 million. <br /> Travis Myren said it would result in an additional substantial tax increase because every <br /> 1 cent increase only generates $3 million. <br /> Commissioner Richards asked how to get people to support the bond when it still isn't <br /> enough to address current needs. <br />