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4 <br /> Orange County, North Carolina -- <br /> Sample Timetable for a General Obligation Bond Closing in March, 2003 <br /> Bond Sale Events Date <br /> 1. Determine proposed amount and As soon as possible <br /> projects for new money bonds, and <br /> preferred schedule for sale and <br /> closing <br /> 2. Call the LGC to discuss general terms As soon as possible after <br /> of issue, including refunding plans determining tentative <br /> LGC may request follow-up meeting program <br /> 3. Submit an LGC "application" - cover By Nov 30 [prior to event 4] <br /> letter with run of numbers from <br /> financial advisor <br /> 4. BOCC "introduces" bond order; December 2/December 10 <br /> formally calls for public hearing BOCC meeting <br /> 5. . File sworn statement of debt After event 4 and prior to <br /> event 6 <br /> 6. Publish notice of public hearing By 12/31; after event 6 and <br /> at least six days before event <br /> 7 <br /> 7. BOCC holds public hearing; adopts January BOCC meeting <br /> bond order for refunding bonds <br /> 8. Publish notice of Bond Order as As soon as possible after <br /> adopted event 7 and in any event by <br /> January 25; must wait 30 <br /> days from this event to <br /> close, and LGC prefers to <br /> wait 30 days from <br /> publication to sell <br /> 1TJ701!1.WPD <br />