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t ~* <br />tayplP o7 0r <br />7p <br />7ar~ ~ <br />o~Pb GiD ~a~ <br /> <br />Financial Services Department <br />208 South Cameron Street Tel: 919-245-2453 <br />Post Office Box 8181 Fax: 919 644-3324 <br />Hillsborough, NC 27278 . <br />To: Board of County Commissioners <br />Laura Blackmon, County Manager <br />From: Gary Humphreys, Financial Services Director <br />Date: September 9, 2008 <br />Re: Park Bond Issuance Information Abstract <br />Based on a request for clarification from Commissioners during the August <br />19, 2008 regular Board meeting, I am providing the following information for <br />agenda item 6-a -- Issuance of Remaining 2001 Voter Approved Bonds. The <br />County issued the first installment of $19.175 million in general obligation <br />bonds from the 2001 authorization in April of 2003. This included $1.3 million <br />of Affordable Housing bonds and $3.625 million of Parks and Open Space <br />Bonds. The second installment in August of 2004 totaled $19.74 million in <br />general obligation bonds from the 2001 authorization. This issuance included <br />$1.3 million of Affordable Housing bonds and $10.875 million of Parks and <br />Open Space Bonds. There is a remaining authorization to issue up to $5.5 <br />million Parks and Open Space bonds and $1.4 million Affordable Housing <br />bonds. This authorization will be fulfilled by the issuance of either alternative <br />financing or general obligation debt in the early part of 2009. <br />