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43 <br /> 1 Chair Bedford said that Commissioner Greene would want to know about the deer safety <br /> 2 for the deer crossing. <br /> 3 Nishith Trivedi said they are working with DOT and the MPO to improve wildlife signage <br /> 4 all along the corridor. <br /> 5 <br /> 6 A motion was made by Commissioner Fowler, seconded by Commissioner Hamilton, to <br /> 7 approve the Orange County US 70 Multimodal Corridor Study <br /> 8 <br /> 9 VOTE: UNANIMOUS <br /> 10 <br /> 11 7. Reports <br /> 12 a. Introduction of Bond Order Authorizing $300 Million General Obligation School Bonds, <br /> 13 Subject to Voter Approval (First Reading), and Scheduling of a Related Public Hearing <br /> 14 The Board reviewed statutes and policies surrounding school capital funding and discussed <br /> 15 implications for the funding associated with the proposed November 2024 bond referendum. <br /> 16 <br /> 17 BACKGROUND: At a prior meeting, BOCC Chair Jamezetta Bedford petitioned staff to prepare <br /> 18 a review of the statutory and policy roles that the Board of County Commissioners (the Board) <br /> 19 can play regarding the funding of school capital. Based on that request, staff will present <br /> 20 information on the Board's statutory powers related to school capital funding, the current practice <br /> 21 of the County, and the policies enacted by prior Boards of Commissioners. Staff will also share <br /> 22 information regarding how those powers and policies could be used to direct a project-based bond <br /> 23 funding policy. <br /> 24 <br /> 25 This presentation constitutes the first in a series on proposed school bond projects. At the May <br /> 26 21, 2024 Board Business meeting, the County and the two districts will present their respective <br /> 27 bond project plans. At the June 4, 2024 Board Business meeting, staff will request direction on <br /> 28 the Board's preferred bond plan, and also request direction for staff, the school districts and the <br /> 29 bond education committee. <br /> 30 <br /> 31 Kirk Vaughn, Budget Director, reviewed the background information and made the <br /> 32 following presentation: <br /> 33 <br /> 34 Slide #1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Board of County Commissioners <br /> Role in School Capital Funding <br /> May 7, 2024 <br /> 35 <br />