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Minutes 04-02-2024 - Business Meeting
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Minutes 04-02-2024 - Business Meeting
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5/22/2024 4:38:46 PM
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BOCC
Date
4/2/2024
Meeting Type
Business
Document Type
Minutes
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Agenda 04-02-24; 12-1 - Information Item - March 19, 2024 BOCC Meeting Follow-up Actions List
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 12-2 - Information Item - Tax Collector’s Report - Numerical Analysis
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 12-3 - Information Item - Tax Collector’s Report - Measure of Enforced Collections
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 12-4 - Information Item - Tax Assessor's Report - Releases Refunds under $100
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 12-5 - Information Item - Memorandum - Justice System Space Needs Work Group
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 4-a - Child Abuse Prevention Month Proclamation
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 4-b - Presentation of Manager's Recommended FY 2024-34 Capital Investment Plan
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 4-c - 2025 Orange County Revaluation Update
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 6-a - Preliminary Resolution Stating an Intent to Proceed with a November 2024 Referendum on $300 Million General Obligation School Bonds
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 6-b - Recommendations for Employee Health Insurance and Other Benefits
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 8-a - Minutes
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 8-b - Motor Vehicle Property Tax Releases Refunds
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 8-c - Property Tax Releases Refunds
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 8-d - Removal of Appointee from the Affordable Housing Advisory Board
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 8-e - Amendment to the Eno Fire Protection and Emergency Services Agreement
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 8-f - Amendment to the Orange Rural Fire Protection and Emergency Services Agreement
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 8-g - Contract Amendment with New River Tire Recycling, Inc.
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 8-h - Letter of Support – GoTriangle Climate Pollution Reduction Grant
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 8-i - Orange County FY 2024 Quarter 4 Annual Work Program Amendments
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda 04-02-24; 8-j - Orange County FY 2025 Annual Work Program
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
Agenda for April 2, 2024 BOCC Meeting
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\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 04-02-2024 Business Meeting
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28 <br /> Gary Donaldson said slide #6 is an illustration of the tranches and the pay-go, and that is <br /> a critical piece. He said this is one of the items that came out of the school task force meeting but <br /> based on other areas, they have learned that the pay-go is critical. <br /> Slide #7 <br /> General Obligation Bond <br /> North Carolina General Obligation Financing Key Provisions <br /> General Obligation Bonds <br /> Voter Approval Required;exception for Refunding and Two-Third Bonds <br /> - Security Pledge-Full faith,credit/taxing power of the County <br /> Maturity Term-20 years statute permits 40 years <br /> Senior position and takes priority to all other County Limited Obligation Bonds and Installment Notes. <br /> Source of repayment-Property Tax <br /> Finances;Buildings,School Facilities and Renovations with long useful life <br /> - Ratings-Aaa/AAAlAAA by Moody's,Standard&Poor's and Fitch Ratings <br /> LGC approval required <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Slide #8 <br /> AAA GO Bond Ratings from the Three Nationally Recognized Rating Agencies <br /> ■ Orange County has maintained AAA ratings from Fitch, Moody's and <br /> Standard & Poor's the past ten years. <br /> ■ One of few counties with this distinction nation-wide. <br /> ■ AAA rating designation allows for lowest possible borrowing rates. <br /> ■ Prior three rating agencies'analyses have cited; <br /> •3 Stable tax and economic base. <br /> ❖ Strong financial performance and financial policies. <br /> ❖ Regular monitoring of budget versus actuals with quarterly financial <br /> reporting to the Board. <br /> ❖ Long-term financial modeling and proactive operating and debt <br /> management strategies. <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />
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