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~~~ Discussion ensued on how the bond issue funds would be allocated to the two school districts. John Link suggested allocating on the same percentage as the requests that were received. With a twenty-five million dollar band issue, 59.4 ~ or eleven million would go to Chapel Hill/Carrboro School District and 41.6 or seven million to Orange County Schools. With a thirty million dollar bond issue it would mean 12.5 million for Chapel Hill/Carrboro and 8.5 million for Orange County Schools. Their was a consensus of the Board that this was a reasonable split. Superintendent of Orange County Schools Dan Lunsford expressed concern for meeting the remainder of the needs that would not be paid by the bond monies stating it was crucial to recognize the need for the second elementary school. Ted Parrish, Chair of the Chapel Hill-Carrboro School Board questioned if the schools should nat get more money and the county projects less money. In response, Chair Marshall emphasized that the telephone survey indicated that the schools are not the only priority and there is a lot that needs to be balanced. It was decided that a thirty million dollar bond issue would be_presented for public comment at a public hearing to be held on July 5 at 7:30 in Superior Courtroom, Hillsborough, North Carolina. A special meeting will be held on July 7, 1988 at 7:30 p.m. in the courtroom o£ the old Post Office, Chapel Hill, North Carolina for the purpose of (1) adopting a resolution authorizing submission of application for issuance of Bonds to Local Government Commission, (2) hiring bond counsel, (3) making final decisions on amount and projects to be included in a bond issue and (4) continuing any items left from the July S meeting. Discussion on the bond counsel resulted in a consensus to stay with the same bond counsel in New York. With no further discussion, Chair Marshall adjourned the meeting. Shirley E. Marshall, Chair Beverly A. Blythe, Clerk MINUTES ORANGE COUNTY BOARD OF COMMISSIONERS WORK SESSION ON THE PROPOSED BOND ISSUE JUNE 29, 1988 The Orange County Board of Commissioners met in Special Session on June 29, 1988 at 4:00 p.m. in the Commissioners' Conference Room, Court Street Annex, Hillsborough, North Carolina for the purpose of holding a work session on the proposed bond issue. BOARD MEMBERS PRESENT: Chair Shirley E. Marshall and Commissioners Moses Carey, Jr., Stephen Halkiotis, John Hartwell and Don Willhoit. ATTORNEY PRESENT: Geoffrey Gledhill. STAFF PRESENT: County Manager John M. Link, Jr., Assistant County Managers William T. Laws and Albert Kittrell, Recreation and Parks Director Mary Anne Black, Clerk to the $oard Beverly A. Blythe, Budget Analyst Donna Wagner. County Manager John Link reviewed certain specific projects as listed in the CIP.