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Agenda 05-21-24; 6-b - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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Agenda 05-21-24; 6-b - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
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5/16/2024 2:55:30 PM
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5/21/2024
Meeting Type
Business
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Agenda
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6-b
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Agenda for May 21, 2024 BOCC Meeting
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107 <br /> Under the terms of the transfer, the Authority provides and maintains sewage collection and treatment <br /> facilities and water supply,treatment and distribution facilities. <br /> The Town of Hillsborough and the City of Mebane, which is partly located within the corporate <br /> limits of the County,also own and operate water and sanitary sewer systems. The County issued water and <br /> sanitary sewer bonds in the late 1960s to finance the construction of the Lake Orange reservoir, which <br /> serves the water system of the Town of Hillsborough, and the construction of improvements which serve <br /> the water and sanitary sewer systems of the City of Mebane. In addition, the Orange Alamance Water <br /> System, a private corporation,utilizes Lake Orange and provides water service to a part of the west central <br /> portion of the County. <br /> The County's water supply has been supplemented by the addition of the Cane Creek Reservoir, <br /> which was built by the Authority in 1989. Increased water supply has also resulted from the renovations to <br /> the dam at Lake Orange,which is owned by the County. <br /> Sanitary Landfill.The County owned and operated a sanitary landfill serving County residents until <br /> that landfill closed in June 2013. On July 1,2013,the County entered into an interlocal agreement with the <br /> nearby City of Durham,North Carolina, for certain solid waste purposes. The City of Durham has agreed <br /> to allow the County to deliver solid waste to a City-operated transfer station in Durham. The agreement <br /> provides the opportunity to renew the agreement upon written execution by both parties. The County <br /> continues to evaluate other options for solid waste disposal. <br /> Other Public Service Enterprises. Telephone service in the County is provided by Sprint, <br /> BellSouth,Mebtel and Verizon Communication.Electric service is provided by Duke Energy and Piedmont <br /> Electric Membership Corporation. Gas service is provided by Dominion Energy. <br /> Other Services. Fire and police protection are provided by the Towns of Chapel Hill, Carrboro, <br /> Hillsborough and Mebane within their respective jurisdictions. In the unincorporated areas of the County <br /> fire protection is provided in 12 fire districts pursuant to contracts between the County, the municipalities <br /> and various fire departments.Police protection in the unincorporated areas of the County is provided by the <br /> County Sheriff's Department. <br /> The County's Emergency Services Department provides four general areas of countywide <br /> emergency assistance, emergency communications (911), emergency medical services, fire marshal and <br /> emergency management. Volunteer rescue squads work jointly with the County to provide a significant <br /> amount of such services. <br /> DEBT INFORMATION <br /> Legal Debt Limit <br /> In accordance with the provisions of the State Constitution and The Local Government Bond Act, <br /> as amended, the County had the statutory capacity to incur additional net debt in an approximate amount <br /> of$1.5 billion as of June 30,2023. <br /> Outstanding General Obligation Debt <br /> General Obligation Bonds June 30,2020 June 30,2021 June 30,2022 June 30,2023 <br /> School Bonds $110,360,000 $109,450,000 $120,435,000 $114,255,000 <br /> Refunding Bonds 20,080,000 14,550,000 7,815,000 2,560,000 <br /> 35 <br />
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