Agenda - 10-30-2002 - 1 (AOG) - Laserfiche WebLink

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2. Southern Park and Collaborative Park Planning Process a Southern Park, located just south of Southern Village along US 15/501 South, is a Town of Chapel Hill park to be funded by Orange County from 1997 and 2001 County bond funds. On March 25, the Chapel Hill Town Council adopted the Conceptual Plan for Southern Communty Park, as developed by a citizens task force during 2001. The Board of County Commissioners began its review of the conceptual plan on October 1st. Following County approval of the conceptual plan, and Town/County agreement on a process for construction and project approval, the Town will begin Special Use Permit review for the park. Staff will be available to respond to elected official questions regarding the proposed park design. Attachment 2a Project Summary(Excerpt from 1114102 Conceptual Plan Committee Report) Attachment 2b Conceptual Plan Map 3. Issuance Plan for 2001 County Bonds and Alternative Financing The County Commissioners have approved a plan for the issuance of November 2001 voter- approved bonds and alternative capital financing. County staff are working with the Local Government Commission on a $3.475 alternative financing deal that will close in December 2002. The first sale of 2001 bonds is scheduled for an LGC sale on March 11, 2003, in the amount of$19.175 million. The attached spreadsheet lays out the current plans for obtaining proceeds to finance various capital projects through FY 2007-08. Staff will be available to respond to any questions about funding for projects of specific interest to each jurisdiction. Attachment 3 Table — Proposed Projects by Fiscal Year 4. Regional Transportation Issues Time is allotted for the Boards to discuss any transportation matters that may be of mutual interest to the local governments. No Attachments 5. Drought and Collaboration on Water Supply and Protection The County has been working collaboratively (note the accompanying H2Orange flyer) with other jurisdictions, including water providers, to promote water conservation and good stewardship of this resource. The importance of this effort has been sharpened by the collective experience of Town and County residents in dealing with mandatory water restrictions brought about by the ongoing drought. Elected officials may wish to discuss measures that should be considered to continue the focus on water conservation, water supply protection, and other related topics addressed at the Orange County Water Summit in May 2002. Attachment 5a H2Orange Flyer Attachment 5b Meeting Summary— 5116102 Orange County Water Summit