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Agenda 05-06-25; 5-a - Public Hearing on the Financing of Various Capital Investment Plan Projects
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Agenda 05-06-25; 5-a - Public Hearing on the Financing of Various Capital Investment Plan Projects
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5/1/2025 1:19:44 PM
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BOCC
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5/6/2025
Meeting Type
Business
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Agenda
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5-a
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3 <br /> Attachment ] <br /> Orange County, North Carolina -- Notice of Public Hearing <br /> 2025 Installment Financing for Various Projects <br /> The Board of Commissioners of Orange County, North Carolina, will hold a <br /> public hearing on May 6, 2025, at 7:00 p.m. (or as soon thereafter as the matter may <br /> be heard). The purpose of the hearing is to take public comment concerning a <br /> proposed financing contract, under which the County would borrow an amount <br /> expected as approximately $78,000,000 to pay for the various public improvements <br /> and acquisitions shown below, and to pay financing costs: <br /> Project Est. Amount ($) <br /> School capital projects 57,077,708 <br /> Public building improvements, incl safety, 6,519,528 <br /> accessibility and sustainability improvements <br /> Emergency services projects 4,306,018 <br /> Vehicles 3,157,906 <br /> Sportsplex improvements 2,456,000 <br /> IT infrastructure improvements 1,665,255 <br /> Parks and recreation projects 1,247,982 <br /> Affordable housing development 250,000 <br /> Project Totals 76,680,397 <br /> Financing Costs and Contingencies - approx. 1,319,603 <br /> TOTAL 78,000,000 <br /> The hearing will be held in the Board's usual meeting room in the County's <br /> Whitted Building, 300 West Tryon Street, Hillsborough, North Carolina. <br />
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