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Agenda 05-07-24; 5-a - Public Hearing on the Financing of Various Capital Investment Plan Projects
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Agenda 05-07-24; 5-a - Public Hearing on the Financing of Various Capital Investment Plan Projects
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BOCC
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5/7/2024
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Business
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Agenda
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5-a
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3 <br /> ATTACHMENT 1 <br /> Orange County, North Carolina -- Notice of Public Hearing <br /> 2024 Installment Financing for Various Projects <br /> The Board of Commissioners (the "Board") of Orange County, North Carolina <br /> (the "County"), will hold a public hearing on May 7, 2024, at 7:00 p.m. (or as soon <br /> thereafter as the matter may be heard). The purpose of the hearing is to take public <br /> comment concerning a proposed financing contract, under which the County would <br /> borrow an amount expected not to exceed $23,500,000 to pay for the various public <br /> improvements and acquisitions shown below, and to pay financing costs: <br /> Project Est.Amount ($) <br /> Research Triangle Logistics Park $1,684,707 <br /> Lake Orange Dam Rehabilitation $252,024 <br /> Neuse River Rules/Gravelly Hill Middle School $300,000 <br /> Solid Waste Equipment Replacement $574,971 <br /> 501 West Franklin improvements $2,000,000 <br /> Whitted Stormwater Improvements $175,000 <br /> Bi-Directional Emergency Response K12 Coverage $1,344,674 <br /> Assorted Vehicles $805,743 <br /> Deferred Maintenance - capital projects for Chapel $5,118,023 <br /> Hill-Carrboro City Schools <br /> Durham Tech - new building construction $11,000,000 <br /> Project Totals $23,255,142 <br /> Financing Costs and Contingencies - approx.. $244,858 <br /> TOTAL $23,500,000 <br />
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