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3 <br />Orange County, North Carolina <br />Proposed Financing for New Orange County High School <br />Proposed_Timetable for a„Public Offering <br />ent <br />1. Preliminary conference between County <br />and LGC staff to discuss general terms <br />of issue and financing alternatives <br />2. County Board makes preliminary <br />determination to proceed with f nancing <br />and authorizes public hearing for a <br />particular amount of financing and a <br />particular hearing date <br />3. County sends out RFPs for investment <br />bankers <br />4. Underwriting proposals due back to <br />County; County staff makes informal <br />selection of underwriter <br />5. Publish notice of public hearing <br />Time <br />As soon as possible <br />BOCC meeting of 6/6 <br />Promptly after 6/6 BOCC meeting <br />By 6/16 <br />By 6/16 for hearing on 6/29 <br />6. County School Board adopts resolution 6/19 school board meeting (prior to <br />requesting financing for project and County's public hearing) <br />approving, in principle, property transfer <br />to County <br />7. County Board holds public hearing; <br />adapts resolution making "findings" <br />required by LGC guidelines, formally <br />selecting underwriter and authorizing <br />staff to proceed with financing process <br />8. County completes and files <br />LGC application <br />At 6/29 BOCC meeting <br />Promptly after 6/29 BOCC meeting <br />