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22 <br /> Hold public hearing June 4, 2024 <br /> Take final action on bond order on June 18, 2024 <br /> second reading <br /> 1 <br /> 2 In any event, the Board must complete its formal authorization process before the summer break <br /> 3 to allow the County Board of Elections adequate time for ballot printing and other organizational <br /> 4 matters for a November 2024 referendum. <br /> 5 <br /> 6 Along with the introduction of the Bond Order, the Board is asked to consider the attached <br /> 7 resolution calling for the required public hearing on June 4, 2024 and directing staff to take related <br /> 8 action. <br /> 9 <br /> 10 At this point, the Board can reduce the bond amount, but the Board cannot increase the amount <br /> 11 unless the County re-starts the process. <br /> 12 <br /> 13 Both the Orange County Schools and Chapel Hill — Carrboro City School Boards of Education <br /> 14 have adopted resolutions in support of the bond referendum process. <br /> 15 <br /> 16 Gary Donaldson, Chief Finance Officer, reviewed the background information and made <br /> 17 the following presentation: <br /> 18 <br /> 19 Slide #1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> General Obligation School Bonds <br /> First Read of the Bond Order <br /> Board of County Commissioners Business Meeting <br /> May 7, 2024 <br /> 20 <br /> 21 <br /> 22 <br />