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