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32 <br /> PUBLIC COMMENTS: <br /> There was no one signed up to speak. <br /> A motion was made by Commissioner McKee, seconded by Commissioner Fowler, to <br /> close the public hearing. <br /> VOTE: UNANIMOUS <br /> A motion was made by Vice-Chair Hamilton, seconded by Commissioner Fowler, to <br /> adopt the resolution supporting the application to the Local Government Commission for <br /> approval of the financing. <br /> VOTE: UNANIMOUS <br /> Commissioner Portie-Ascott asked what the strategy is for offering more collateral than <br /> what is required. <br /> Gary Donaldson said 50% is the threshold for the test. He said there is a bond financing <br /> of $80 million, so the test is having collateral of $40 million. He said there is more than enough <br /> capacity. <br /> Commissioner Portie-Ascott asked if they are offering 100% of what they are borrowing <br /> as collateral. <br /> Gary Donaldson said the collateral package is $160 million but the test is 40%. He said <br /> that he is showing the collateral package and that includes prior debt. <br /> Chair Bedford said that it includes private debt. <br /> 6. Regular Agenda <br /> a. Opioid Advisory Committee Settlement Fund Use Recommendations <br /> The Board received an update on the Opioid Advisory Committee (OAC); received OAC <br /> recommendations for use of Opioid Settlement Funds that support Option A of the NC <br /> Memorandum of Agreement on the Allocation and Use of Opioid Settlement Funds in North <br /> Carolina; and directed staff to present a final spending authorization resolution at the Board's <br /> May 20, 2025, Business meeting. <br /> BACKGROUND: In July 2021, a bipartisan coalition of state attorneys general announced the <br /> National Opioid Settlement — a historic agreement that provides desperately needed help to <br /> communities harmed by the opioid epidemic. The State of North Carolina and all 100 counties, <br /> including Orange County, joined the agreement. North Carolina is receiving $1,420,932,713 in <br /> opioid settlement funds from 2022 through 2038. Orange County is expected to receive <br /> $12,748,445 over an 18-year period. <br /> In September 2022, the BOCC approved the appointment of the Orange County Opioid <br /> Advisory Committee with the following charge: <br /> • Discuss opioid-related health concerns and issues impacting the residents of Orange <br /> County. <br /> • Advise the Board of Commissioners on options to expend funds to prevent opioid abuse <br /> and remedy opioid impacts. <br /> • Plan and host an annual meeting open to the public to receive input on proposed uses of <br /> the settlement funds and to encourage collaboration between local governments. <br /> The Board also voted to follow Option A for the use of the settlement funds per the NC <br /> Memorandum of Agreement Opioid Settlement. Between Summer 2022 and Summer 2024, <br /> Orange County spent $376,438 to address eight (8) of the following Option A Strategies: <br /> 0 Collaborative Strategic Planning <br />