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Home My WebLink AboutMinutes - 19880725~a MINUTES ORANGE COUNTY BOARD OF COMMISSIONERS SPECIAL MEETING JULY 25, 1988 The Orange County Board of Commissioners held a special meeting on July 25, 1988 at 4:00 p.m. in the Commissioner's Meeting Room, l09 Court Street, Hillsborough, North Carolina for the purpose of introducing the formal Bond Order and the sworn statement of debt as part of the Bond Referendum process. BOARD MEMBERS PRESENT: Vice-Chair Moses Carey, Jr., and Commissioners Stephen Halkiotis, John Hartwell and Don Willhoit. BOARD MEMBER ABSENT: Chair Shirley E. Marshall. ATTORNEY PRESENT: Geoffrey Gledhill STAFF PRESENT: Assistant County Manager Albert Kittrell, Clerk to the Board Beverly A. Blythe, Deputy Finance Officer Ken Chavious and Finance Director Ellen Liston. STAGE II WATER SHORTAGE ALERT FOR AREAS SERVED BY OWASA Commissioner Carey, having been provided with information that the water level of University Lake is mare than 24 inches below full issued a public proclamation declaring to all persons that a STAGE II WATER SHORTAGE ALERT is now in effect with voluntary water conservation restrictions. PROCEEDINGS (A signed copy of the proceedings is an attachment to these minutes an pages 2~~~ Z~$ ) . Commissioner Moses Carey, Jr. introduced and read the following three orders authorizing bonds: ORDER AUTHORIZING $22,000,000 SCHOOL BONDS WHEREAS, The Chapel Hill-Carrboro City Board of Education and The Orange County Board of Education have certified to .the Board of Commissioners for the County of Orange, North Carolina, resolutions passed by said boards of education showing that adequate school facilities are not now available in their respective administrative units to comply with the requirements of Section 2 of Article IX of the Constitution of North Carolina for the maintenance of schools nine months in every year and that it is necessary, in order to maintain such nine months' school term as required by said Section 2 of Article IX of the Constitution, to provide additional school facilities in said units by erecting additional school buildings and other school plant facilities, remodeling, enlarging and reconstruction existing school buildings and other school plant facilities, acquiring any necessary land, furnishings and equipment therefor and developing such land, the estimated aggregate cost of which .is at least $22,000,000. WHEREAS, said resolutions request said Board of Commissioners to take all necessary steps, by the issuance of bonds or otherwise, in order that funds for such school facilities may be provided; and i, ~~~ WHEREAS, said Board o£ Commissioners has carefully examined the facts and has determined and does hereby find as a fact that the statements made in said resolutions are true and that it has become the duty of said Board of Commissioners, acting as an administrative agent of the State in providing a State system of public schools, to order the issuance of bonds of the County of Orange so that the school facilities mentioned in said resolutions and in paragraph 1 of this order may be provided in order to maintain the nine months' school term in the County of Orange as required by Section 2 of Article IX of the Constitution; now, therefore, BE IT ORDERED by the Board of Commissioners for the County of Orange: 1. That, pursuant to The Local Government Bond Act, as amended, and in order to maintain the nine months' school term in the County of Orange as required by Section 2 of Article IX of the Constitution, the County of Orange, North Carolina, is hereby authorized to contract a debt, in addition to any and all other debt which said County may now or hereafter have power or authority to contract, and in evidence thereof to issue School Bonds in an aggregate principal amount not exceeding $22,000,000 for the purpose of providing funds, with any other available funds, for erecting additional school buildings and other school plant facilities, remodeling, enlarging and reconstructing existing school buildings and other school plant facilities, acquiring any necessary land, furnishings and equipment therefore and developing such land, in order to provide additional school facilities in said County. 2. That taxes shall be levied in an amount sufficient to pay the. principal of and the interest on said bonds. 3. That a sworn statement of the debt of said County has been filed with the Clerk to the Board of Commissioners for said County and is open to public inspection. 4. That this order shall take effect when approved by the voters of said County at a referendum as provided in said Act. ORDER AUTHORIZING $7,000,000 PUBLIC BUILDING BONDS BE TT ORDERED by the Board of Commissioners for the County of Orange: 1. That, pursuant to The Local Government Bond Act, as amended, the County of Orange, North Carolina, is hereby authorized to contract a debt, in addition to any and all other debt which said County may now or hereafter have power or authority to contract, and in evidence thereof to issue Public Building bonds in an aggregate principal amount not exceeding $7,000,000 for the purpose of providing funds, with any other available funds, for enlarging, expanding and improving public buildings and facilities of said County, including the construction of additional buildings and additions to existing buildings to provide additional space for administrative and governmental functions and services, the construction of related access and parking facilities and the acquisition of necessary land, rights of way and equipment. 2. That taxes shall be levied in an amount sufficient to pay the principal of and the interest on said bonds. ~~~ 3. That a sworn statement of the debt of said County has been filed with the Clerk to the Board of Commissioners for said County and is open to public inspection. 4. That this order shall take effect when approved by the voters of said County at a referendum as provided in said Act. ORDER AUTHORIZING $1,000,000 -WATER BONDS BE IT ORDERED by the Board of Commissioners for the County of Orange: 1. That, pursuant to The Local Government Bond Act, as amended, the County of Orange, North Carolina, is hereby authorized to contract a debt, in addition to any and all other debt which said County may now or hereafter have power or authority to contract, and in evidence thereof to issue Water Bonds in an aggregate principal amount not exceeding $X,000,000 for the purpose of providing funds, with any other available funds, for the acquisition of land and rights of way for a reservoir to provide an additional source of water for residents of said. County and one or more other public entities and to provide related recreational opportunities. 2'. That taxed shall be levied in an amount sufficient to pay the principal of and the interest on said bonds. 3. That a sworn statement of the debt of said County has been filed with the Clerk to the Board of Commissioners for said County and is open to public inspection. 4. That this order shall take effect when approved by the voters of said County at a referendum as provided in said Act. The Board of Commissioners thereupon a motion by Commissioner Hartwell, and a second by Commissioner Willhoit with a unanimous vote designated the Finance Director as the officer whose duty it shall be to make and file with the Clerk to the Board of Commissioners the sworn statement of debt of the County which is required by The Local Government Bond Act, as amended, to be filed after the bonds orders have been introduced and before the public hearing thereon. Thereupon the Finance Director Commissioners, in the presence of t] of debt as so required. Thereupon the order entitled: was passed on first reading. Thereupon the order entitled: BONDS" was passed on first reading. Thereupon the order entitled: passed on first reading. filed with the Clerk to the Board of ze Board of Commissioners, the sworn statement "ORDER AUTHORIZING $22,000,000 SCHOOL BONDS" "ORDER AUTHORIZING $7,000,000 PUBLIC BUILDING "ORDF~t AUTHORIZING $1,000,000 WATER BONDS" was Motion was made by Commissioner Willhoit, seconded by Commissioner Halkiotis I~ to approve the three orders on first reading with a unanimous vote. On motion made by Commissioner Willhoit, seconded by Commissioner Halkiotis and unanimously carried, the Board of Commissioners fixed August 16 ,. 1988 at 7:30 1'.M., at the Old Courthouse, in Hillsborough, North Carolina, as the hour, day and place for the public hearing upon the foregoing orders and directed the Clerk to the Board of Commissioners to publish each of said orders, together with the appended statement as required by The Local Government Bond Act, as amended, once in the Chapel Hill Newspaper, and once in The Durham Mornine Herald not later than the sixth day before said date. This ended the formal proceedings. DISCUSSION ON THE LAND ACOUISITXON FOR THE RESERVOIR Commissioner Willhoit suggested that the Board in recognizing that a reservoir is needed for growth management, protection of the environment and for economic development clarify what this money would be used far and how it would be repaid to the general fund. He stressed that the money should not be construed as a gift but a loan to be repaid to the County's General Fund at the time a reservoir is built and water is used from that reservoir. It was the consensus of the $oard to state that it is not the intent of the County to subsidize the water supply with monies from the general fund. With no further items to be considered by the Board, Commissioner Carey adjourned the Special Meeting. ~', Beverly A. Blythe, Clerk Shirley E. Marshall, Ghair ~~.- ._ «: - '`~.~.• Camm.icsioner' ~LS, ...... -' introduced` ` ~ `,~ ~.~- ~~`, -~ ._ = - - - ..- - ~-"~~ - ~ x ~ ,..,..~ -, tht follow- .-_ inq thres orders authorizing bonds which ve _---_ -_ "~'''"'~ re ra d: _ r ••- - -. .. _.. -. _ a - - - °`=°" DRDFR AS)THOR22TNG 52Z, D00, 000 - ' ~sr.~. , ' SCHOOL BONDS -. _ _ _ --• _ rt ~~` `' HIiEREAS, The Chapel Hill-Carrboro City Board of ~`j -'~¢;.; , :~=~. Education and The Orange County Board of Education have certified .~;:, to the Board of Commissioners for the county pt Orange, North ~_r.,~_ - =,'-. Carolina, resolutions passed by said Hoards of education showing.:-r_• - - =~_ that adequateschool facilities are not now available in their •• ;^'._ respective administrative units to comply with the requirements _' -,_- --e':~of Section 2 pf Article IX of the Constitution of North Carolina ''- - for the maintenance of schools nine months in every year and that it is necessary, in order to maintain such nine monks' school term as required by said seption 2 of Ar`itle IX of the Constitution, to provide additional school.:facilities in said units by erecting additional school buildings and other school -plant facilities, remodeling, enlarging and reconstsueting existing school buildings and other school plant facilities, aceuiring any necessary land, frw-nishings and equipment therefor and developing such land, the estimated aggregate post of which _, ~~^ is_ at least 522, op0, ODO. _• - _ ~°~-~~" "'- WAS, said resolutions request said Boaa~d of cpm- F~.F ~-.' ,~~-missioners to take all necessary steps, by the issuance of bands -~'or`ptherwise, in order that funds for suph school facilities may -=~•.^be provided; and __ Y7fiEP.EAS, said Board pf Commissioners has carefully examined the facts and has detef'sained and does hereby find as a ". fact that the statements made in said resolutions are true and :',that it has become the duty pf said $pard cf Commissioners, acting as an administrative agent pf the grate in providing a - - _ ^2- r ~ r~a~~MGOD.CML ~C4~e ~~MLRM[w.xLwpwa. M. v. ~OO.~ rz-=: t,. _ ''~ L` L "bra'' is ..:,:.::a. ~.:.:,. I~ . -_._.. '_~, State system of public schools, to order the issuance of Donds of the County of Orange so Lhat the school facilities mentioned ins---,~=~ said resolutions and in paragzaph 1 of this order may be provided--"•.. --- - R~{ in order to maintain the nine months school term in the county :~ -=` of Orange as required by section a of Article IX of the Consti- ~~.-•tution; paw, therefore, - -- - BE TT ORDERED by the Board of Commissioners for the County of Orange: - - --- 1. That, pursuant to The Local cover~ent Bond - Act,-as ~~• amended, and in order to maintain the nine months school term in' -~, the County of Drnnge as required by Section 2 of Article IX of .. -' the Constitutien, the county of Orange, North Carolina, is hereby ._"' nuthozixed to contract a debt, in addition to any and all other - debt which said County may now yr hereafter have power ar author- • ity to contract, and in evidence thereof to issue school Bonds in an aggregate principal amount not exceeding 522,D00,000 for the --- purpose of providing funds, with any other available funs, far erecting additional school buildings and other school plant facilities, remodeling, enlarging and reconstructing existing school buildings and othez school plant facilities, acquiring any necessary land, P~,.nishings and ecuipment therefor and developing such land, in order to provide additional school facilities in said Coun~y:._ .. ... -- ',.2. That taxes shall be levied in an amount sufficient toWpay the principal of and the =riteres: on said bonds. - 3. That a soo=n statement of the deb: of said County - has been filed with the Clerk to the Board of Commissioners for said County and is open to public insnec~ion. 4. That this cyder shall take effect when approved by the voters of said County at a referendum as provided in said Act. -3~ .wrw•.. rood, a.c.w.n+.wc ec.nc...r.. •a.R... r...e.. -~t wfF ,-w~ ~ 'S r~:! y• ;~. ~w. .: ,,~, .: }. r'' ~~~ - ,.4_•, - _ -~ S'= .fit, •. •-~};_~~'..~+._ 4.'k~`r• -- ~~ M~ r ~~Wf~' - s ~o:Ro'...~ -- ~: i--- j\LLa. 'ate Y~•k'yR~~n~.F~;, T~j. 'i t,~ ~.r-i~: _.71~rj'L nr.'sYu~~ ::r: .. - w. - , ~..•-- ....,::~:..,.:.y,~:...~::.~--...,,.., ..... -~ti~ - - .... ..acs,,,,. ~''=%'-? : bb;°.x:r':.-~- - - ... - ~~ 4RD~R AUTI3DItIZING S7 , DDO, D00•--- • ~ - - ^'~..-,. -r : may. .-... ..r.• - _ '_. ~-_ ~'•: •-.. pTJBLIC BUILDING BONDS - - _ _ -- ._ _ -_ _ _ ... L..t.. ~' ._.. -- -- Y _ Board of Commissioners for the'... .._ ..- - - IT ORDERED by the ~_~:`` ~~E`. BE - • ,~ County of Orange: - _ _ ... - ._ . - ... - .. - ,;;4 ~~' :~ ~ ..: 1. -_ That, pursuant to The Local Government Bond Act, as .- - ... w,. ... _ ...'~` amended, the county o2 Orange, North Carolina, is heresy author- ' in addition to any and all other debt •.. tract a debt , •~ ized to con now or hereafter have power ar authority to _. ~aa id Count ~ u i ,. _ y y ch sa ~: th - __ d in evidence thereof to issue Public Building Bands . ''F ~ • , : cract, an eon i ,DOD for the rincipal amount not exceeding 57,ODO ate • p i'. in an aggreg _ - purpose Df providing funds, with any other available funds, for -~- _ f ° ~- enlarging.-• expanding and improving public buildings and „y~,. ~ -~a:r!+o~ . ~,,.,- .c_ including the construction Df aid Coun• f Y i l: -- r'>~,-•~~ ~~P~.•"L==a• `~~ : ± , s es o - facilit _ ~~~ i. - . , additianai buildings and additions tD existing buildings and the - '~ `""•;'~:~..~'; '••.':'.':~;;'~•;",: tion of existing buildings to provide v ~M a• '• a - reconstruction and reno , ; additional space far administrative and governmental functions ~?~~:<a;= '.• ~•` _~'`~ ,~;-~ and serV~tes, the construction Df related access and parY.inc •s'=~_ _"' facilities and the acquisition Df necessary land, rights of way _, ";:~:~:• ~; _ ~.-~;~:''"~ -;.. ,, and equipment. ~~', ~: ~~i«;;.~ ::sr' .~;...Y-:s,_ ;~±-~ • . That taxes shall be levied in an amount sufficient 2 _~ -:h: ~.w,.--- •-:-:.,~µ:'+•.. ~ - . .. ~ "K-i. ~e.'r ~ ~ to pay the principal Df and the interest on said bands. - ''' ~~~`~"' ~~t ~ '" -'~~~~~~~ -'="'~''~~~- - +~''~~ 3:~'• That a sworn statement of the debt of said Coup - i f i * - ~• • • - ~ oners or - ss has bean filed with t?+e Clerk tD the Board of Coaua - =:~;: ~. : :.. - ~;~Y .w~i..a:;:~•;n;: ` ection ublic ins : to i c n: aid ::i:s~:M<~ ': ~:.'::sr',:~.3•~:r ;: ..;~: . ._... _ , .- . _ _ r- p p s open y and u s C . -- ~' -• ?• : ..• '- . _ :,•,`,- _ e~ when a raved b - ..._ ~. That this order shall take off pP- Y . . . ~,:. ~w.~ try- .;~;~,.~ ~ ~ , „ . a, .: ~ ; , : _ .~.. r} _ ~ = , _ ~ ~ , . . o-;y.:~,.` -,,he voters of said County at a referendum as provided in said ''"{~,.:~ - -" ''-'~"- Act. - ~ . - - - - ;:n'~;=;" - - _ a: i .. ORDs"'Ft 7UTHDPSZING S1, 000, DOD . _ -_ - - - - BE IT DRD£P~D by the Board of Commissioners for the ';~..,_'= .~ .. ~. , County of Orange: - - -.. - 1. That, pursuant tD The Local Government Band F,c'. ~ !~ Few v .~~~q ~/.i~~~ t..i x~' s,:....,,.n;,.,s,.,, _~..F;.4•;... - ~ - ~.o~....roen.o..c-awaa.w.oc rn..iw. re.,.o-•. w...,aa.h _. '.. •... - .. - -''f -' - _ - ~. .,... .,. r-..... .:- ..- - .. ...-. .. • . - -~ - y- _ .. i~~ •:•, ~~• - > a NortR Carolina is hexeby ~ =~... ~ ~ , _ :.: - - _ - a coon of Orang '"' - d ' :~~,t~rr•~^ '~ ,r.Y,;~an.:R: • _ r , .. ai amanda __ ~y~. ~, w _.. _ -- - ~ : • . - -. -. - a in a and all other addition to x~y bt ~ _ _ r.. .. .;;•"~r~ ~ ~r. •s •-:--~ ,-:~,-:> ,.;~~ - ~ .. , de _~ uthOISZ t0 Gbn'CraGL ._ .. .~ - - - - ad a r , .. -.: '!x:7•;.~~"`:; r3::.•n.-.,.~k`.,_ ' " c w. - author- ~;=~,x;a,,,,;,_.. -u..:...ti~'~>-.. .. -..:~~ -~ ..now ar hereafter have power or ` ;.-, ,, :. ~:, _, ~.•.,'_,~.,r-~: - ° :r .:'~ ~` ' - - ' wh llCh Fald CP y Y debt _ - - '^;:~ . ~;, ~.xr`~r~: a. ,.: '- ` " ' ~ ~ __. .'" ~ and in evidenoa thereof to issue water Bonds in , _ ::.q.::::..:.s;,: •--. " - - , :~i-~;,.,,; ~..~=.;, ~_ ~.~:~~. - - - - ~_" ity to contract, - . _ ;y., ~` -" - exoeeding 51 regate p ncipal amount not , 000, 000 for the _ - - ~~~~~, '"'" ~'+t ' an g v'ther available funds, for with any d - : _ .;:. -';;'_'~..•.::. ; : • ; . s, - urpose of providing fun _ - - ; 'r.'~". ~•,,,.^.;,,:~. ` ,.., ~, : a reservoir tv hts of way for i a :::.'•'~':.:;~•:~_m+,:_•sr ,•..... . ;•w:~•. . •: ,4 ; , ., ~;~ _ g •Ghe acquisition of land and r - , ~. ., . ; _ - - water for residents of said of fi;„:.`.';:`is;.,~•`v,;r:-•--~:~4y;r•:"•;°~ ry., a. ,, _'- provide nn additional source d _ ~",,, e~r;~ .;~;.~X:;,:,, ., ,~~,. r. ,r ~'^ '"~ ° " ~ re other ublic entities and to rovida 'w. '~`~ ~, G;~~"~""^'•~"~~^'"`.~ - 'W'~' :.-•. : N ' one or mo county and . _ ; •. .. .~r,+ "~!`'~'' _. ' o artunities. .. - ational pP - tetra d t : ~".'7:,r~ ; '<,^~:.~,~~>.`~ :. _;~~r._-v...- ~'ri'+:..-., a: ... f--•:•:+ -' '• • "~ e = rela - _ be levied i amount sufficient That taxes shall n an , r ~.•. ::+-;°~."~s.` ~: -::q::;, F;~.s~t._ ~ ;. _%,'_ti ~;~- -• -: ;r~•;~x-::-~,:. ~;•:,;-. _.,;.~. N ~ `' ;• -.. 2. d the interest on said bonds. ' .._, . ~ ~~. ~ -._~• _~='=''~~w _ of an to pay •Ghe principal _ -,-: _ ; •_'. '• t a sworn statement of the debt of said county - - - y:y;.; ; ~_~~~ _ Tha - 3. :. _ d with the Clerk to the Board of Commissioners for l ... _ - e has been fi d is open to public inspection. Gam: - ,,sN:= ;•:r,',;.~;~;~~~~;'±~~. an said County - _ - order shall take effect when approved by hi - - - s 4. That t at a referendum as provided in said - _ _ the voters of said County Act. - - - ' The Board of Coruaissioners thexeupvn designated the - ' Finance Director as the officer whose duty it shall be to make - .,• _ `' and file with the ClerY. to the Board of Commissioners the swcrn :.•:%_-_, t..__..:". ~:°.;.;r:~~~,:::~ :;'%. _,,• which is reouired by The Local County h ?k`~•:~~ -~ ~'>.• -~--'~ - - e statement of debt of t after the bond •_ - Cpvernment Bond Act, as amended, to be =fled s~ i-x ~ r=~.=-^':~`"~KZ:^~ _. _- ? ,;:;•;;:'.r,~:-..=~',`:,•;:: _ ' I ._ n there- orders have been introduced and before the public heari g --:: _ - - - '-• __ <e: °-"`''• - - -. vn: ........ . .... _. .. ........... " -- Thereupon the Finance Director filed 1ith the Clerk to .. - the Board of CoaSissivners, in the presence of the Hoara of __--~ .- Cammissianers, the sworn statement cf cabs as so revuired. Thereupon the order entitled: "Ds~+7~t ),y"1':iOtiwZTNG ODL SDNDS" was gassed on first reading. ' .. 522,000,000 SCH -• Thereupon the order enticed: "Oz~.3T ~ AUTHOPµZING '.. Est rezdinc. S7,000,ODO PUBLIC SDILDING BDIr'DS° was passed on f ~ - ..~:: .. -, . •- ~ •••-•'- , -5- ~..~.a.:.M..=..-..~.d~s.._:-..:~.~:y. - ..o....wxo.a..c,,,P,~e+w.oc ~~r.n~...~v..awK.. • .aa.• ~ ~ .. g ;;~• .~. '~ ' •M-_~~~ - -- --.__'" Thereupon tha order entitled: "ORDER AUTHORIZI2i6 _~ Si, 000, 000 WATER 8OhDS" vas passad on first reading. ~-:f""._. :' _ ' -• •~?=z~•- -_. ~ On motion duly made, seconded and unanimously carried, - ~ .. • - _~` the Board of Commissioners fixed August 16, 1988 at ~ D.M., at the Old Courthouse, in Hillsborough, North Carolina, a6 the ~;• hour, day and place for the public hearing upon the foregoing ~,~+,~ orders and directed the Clerk to the Board of Commissioners to publish each of said orders, together with the appended statement - -,=~ as required by The Local Gpvernment Bond Act, as amended, once in -- '- the Chanel Hill News~aber and onge in The Durham Mornino Herald _ . .. -..:~ ~t:'1n:er than the sixth day before said date. __ _. ._ :..-.- -- ... Beverly A. Blythe, Clerk to the Board ox ;.~:e:.> ; ~ •; _: m for the County of Orange, Ncr'rh Carolina, DD £=1iEBY .'.C ~--.chat the foregoing is a true copy of so much of the proceedings of said Board at a special meeting held on July 25, 1988 as relates in any way tq the introduction and passage an first reading of the three orders authorizing bonds of said • County referred to therein and the calling of a public hearing upon such orders and that said proceedings are recorned in Minute Book No. of the ainutes of said Board, beginning an page •. ;_; - - ' . and ending on page - -';`_'~• ; I DO L~FLBY FSTRTH~ CERTSY'Y that notice of said meeting of _ ~.~' . - ::::=said 9oard, signed by the Chairman and stzting that a special _'~ meeting of said Board wpuld be held at 7=3~ ~.M. on Aucrust 16,- - 1988, at the Old Courthouse, in pillsbgrough, No=rh Catalina, for the purpose of considering the introduction and passage qn first ,..,_. reading of three orders authorising 522,000,000 School Bonds, •~ S7, DOD, 000 Public Building Bonds and $1,OOO,ODO Water Bonds of --. said County and the calling of a publiv hearing upon such orders was, at least 48 hours before said meeting, delivered to each CbmmiSSlOhe~ or left at his or her usuzl dwelling place, posted ... -6- Mew. ~..OOG.O1[ M'~.pr.OC C~MrTF..r[w.wa w... f ee.. ^.LV-07~.r``~i"...~~•~•~ ,~~~~.~ r~-/_\_~r: ~i.C:. --ter: - '.f . - _ _- - - - - - - ~+.4C-~.- , .- ~~!7.s}IC~_".'.CA"-. Yr~.F~-~-¢~i+M,:-' ~. Y.:-~~:... ~ifr - ;r%C•:r'~.~~~~ :"~~-T;"rG. _~f}. ' S.'. '~ ~ - = .~: - .. - - ~ _ _ ~,ry _v...::d...+4.~_-~r:__ - - _ - _ - - .. .~. ° ?':` ~ . .' ~ p;-ray, y, . a,~~rj~.w~'' ~ _ " ... _•._ - oard ~_~w: ~ . or mailed and al bulletin board of saSd 5 i = ~. _.., x .~. •~'". ~ w,%,; -fir~ :°j....~,=, - _ - p •' on the princ •~ `rl`:~c =a =~" ~ ~,~?` „_ y..._ ~+ +s-:~ .. :Y ~ each revspapsr~ vire~ service; radio etation;"~ '_~• sd to ., .q ' .. ~ ^ te' _ that had filed with me a vritten-• son d - :~M-`-~.>-~. =r . _ - - - = _ - - _ _ _ per atxtion an television _ -- - _ ~~,:,= -- µ - " _ - _ ' otice pursuant tv G.5. 143-318.12. -- _. '~r . _ ,, .- - _ - foz n eque&t . ..'si" ... .. ~ .. - - _ "_ ` . ~ ~~ ~ ~ _ . __. ._. - . hand and the corporate seal of said County, this - • _ '~. ~ ~ ' ~;'' ' " '' r ~ d~ day of July 1988. _- . __ - .. -- -• _ . i ~ , ., : ~- -- ... .. .- . - ~ ~~:: r - - - _ _ _ , _ _ ~ - ' - C erx to a Hoard a Commis€loners~~ ; _ - , - _'-- - r • .- _ _ .__ •- - ~ - - - r a. ~ ~ ~ ' _ -Y~~iw ~K~',=.-te - :~~i,•:~1-'y'_ ' - - - - - ~~-.;~ - - ate:: - _ _ ... _ ' .1,. ...'.. .. - ~ - -- ~'~ r Mpww~ rppp,pM[ wb~waD •~MC RM'Rw. w[w.pw{, M. Y. ~ee.~ ~~, ~. _ - - _~~: •,•,~..`~"~`~'" COUNTY OF ORANGE, NORTH CAROLINA'~~";:.:~`.`:~''~."~..;`~'::"°•~"'- '• ^-- ` .-'':;~' SWORN STAT~NT~DF DEBT MADE P[TRSIIANT TD Tf1E ~ r ' -- ~_;~ •_~ LDGAL GDVERNM~iT BOND ACT, AS AMENDED _ - ~+;_•+=. ? _ -_ - ~ -___ - ~"y I, E11an G. S.iston, Finance Director for the County ot~ • ~.•Orange, North Carolina, having been, designated by tha Soard oS"""_'•~ - - • .. .. .. -- ~• Commissioners for eaid County to make and file with the Clerk to :,--`' • '•r4' the $oardVof Commissioners a statement of the debt o2 said Count Y `~- - _ Y_-. _.. - ~pursunnt to The Local Government Bond Act, as • amended, DD Y.EREBY • - -~ ~~GERT:FY that the following is~a true statement as shown by the.-•-,:~-•• ' - ~,q••: ,books in myoffice, not taking into consideration any debt • -_ =- - ;,incur-rednaz to be incurred in anticipation o! the collection of " •__ .... _ _ • •••,~:. es• or other revenues or- in an - __ , ----• tax ticipation•of the sale oz bonds . ,,_°• ,' Y~other than funding and refunding bonds: ;'-.. - •- • ~. _ (a) GRDSS DEBT _ '- e(1) Outstanding debt evidenced by bonds: • Sanita~+ Sewer Bonds ................ S._20D„ODD.. -. School Bonds ........ . . . . ..... . .<. SQD~ DQR . . - School Building•Bonds ............... ..57~.DGR.. Watex and Sewer Bonds ............... ...~D.,DRR.• . Other bonds ......................... ~w~--tai ~ : r •~ti:.~: - - ir'e' - ~• _ 1;. - - - - P :^ - _ ~~: • a(z) Bonds authorized by orders introduced on July 25, 1988, but not yet adopted: - School Bonds. ................ $Z2,DDO,DD0 • public Building•Bonds ................. 7, ODD,DDD Water Bonds .......................... 1,DDD,DOO S30,OOD,ODD - a(3) unissued bonds authorized by ._•••, = ~ ;'.. _ - - - adopted orders .......... •---....---•- ••---.. S -0- ~- - ~ a(a) Rurstanding debt, not evidenced --- y4 :_ by bonds .............•...-..... - ..---........_ 5---112.500 • -__ (a) GRDSS DEBT, being the sum of a (1) ; •' .. : - . .- - -. -- - - a(2), a(3) and a(4) ........................•..... ~ 35.337:500 .~' 1 - . fyndirig a 4: onds •:Fw.~ '• ••= .-~.__.~ .;;;.~..- ~:_~ ~~'~+x ~.~::riw -+~. -,,.~r~"~~ -' ~•-`'~ - .:,F authorized by orders lntroducad•••~•~T_•Tw•~ . - ~: - ...~ . •~ _-':- - . -•... ~~~.- . s,. -• • y~ ~+cg~- ~-e. ~:~-_ - _ - not yet adapted ' ......: .... . -. $ 'D- - . ~ ~ +.: • ~~: -- - ! D ;:..: din and refunding -bonds .. .... • .. - .. - ... .__.. .. F~ ~%'`•-,~ ,~s~,•`'".~.i:a; ry~~4. -` -- _ . • autlsorized but not yet issued .... .. .. - .... -D- ... ~'•' ,a•~~r•~~,. ~•;~~ .. - - _ -: The amount . of money held . in :. -` 1 - ..- - - - ~ "~ -_ -.--.. sinking funds ervise for _ i~~,~y;~_~~;::,,~ ;- «.. -- - - _- - - _- - the payment of any part of the - . - - ... "' _. ~'a" ~' ~ r.. •- • ~.~p'K a bar ~~° •~"~~ °~~:•.. - __ _ principal of gross debt other than - _ - ~~~~;,.~4 ~ia'~i~~•'•' :?~µ - J ` neurred for water purposes or . -_ '. .. - - - - --- ~ ~'~*:-;~'=•--- ,~. -... - - - -- `:5 == debt l the - ... - - ~:+~x~c~'5 ~';.~ _ ~4 _ sanitary. sewer ,purposes (ta - - - - - - ~;c*"~Srz- Y- : -'' _.~,_. - ~s¢~ __ ent that the bonds axe de- ' - _... - -. .... -_ ._~.. -.- ~ '•~-` ;~±,~ ~•,' f. pi.,~ •r: -- - - _ - ductible under G.S. $155-55 (b).)........... _•__'S- - "~:~,~`'~.-. .:._.~.. t :included •,in ross a - - - ' 'p•;= ,; - ~.~~ :b~(q).`_ :bonded'deb 9 _ ..,--- ..-- ~'• ~•~" i..y..-R~• - - _ -_ Y' and incurred, or to be incurred, ..... -. Y - ... ,~-,.,«:~ S6K' y, `'~`" or water urposeS. ,5: "~.,~" ~ `•Y-~"w.r -... - '~ .,~ .., ., uded in .... ~ - - .....- - _ §~:P~-k ~?ct. r . .. ,....x ~'Y` - - rose debt - C~.~~~' -'.:~,+. - b(5),h `Bonded debt inol 4 w .... _-.- - ...--~,::~'~~".•,,~:c.. - Burred .,,;b;. -- d. inc~'"red or to be in ~ - ---- -.. _ _ ^~- yarw:,,~-.... -_ an , stem u uses • - _ -. :: - e~~,..;r?: r,_~-,T~-{~,~~y _ - - -- for . -... ~~-.•r } w:.. - .. sanitzry sewer sy P rP ..... ~.: r.5~.:...'~' ~""";,~~ ~?:~;- said ~:;,M:~• x~;;~-.•;,,;,.;a;.~r:. « kf•~~; - to the extent that debt is made $ _p- ~- Y; c':r~'.a~;~•,-;~~,.~,:_:,~ deductible by G.S. ,§155-55 (b) ............ .. ::;• ::'~~,..~:~:'~.~-,~ :~.. b(6) Unoolleeted special'assessments_ ~ - _ - ~•_ ' • heretofore levied for local im- - . - ;,,:~._^~•• .-:~.,,~,,,•r' an part of_ - :a`•.,+.~.;'.:~:~::~" .. ,:~:•.,.• yavemess-s, -f wk~ith Y.. _ - - - . .tea;r.. =4"• ,4~•' , r• ` - -.... - _ -. ,~~'g -655 Cebt'., (txiat• i.S no't i~.-• ~=.- •9!~.,,,~~..3~.. „N... _ - '~;.... :. _ • otherwise deducted) was o: is. to - r,..:~:ri .:~-r.-.;"""~r~i:":'` ``'.~,?.t'~.' ... • - be ircu=red to ;he extent chat ti.: .a: ~'=+~. .~~~ r ;~:„ ~;a ~•: r~• • _ e a li d 3sw~k:~rr Y•o- «fi•:~:a.. ,~ _ essm will b pp a ~"~ ~•`~ ~a~ =;yC.. _ such ass en a. s. a..,:~ ~ •.,- r•. • . - when c 1- ~ tp the ~-.-:.. ~g,~,_,t;... • -. ,any 'parr the cross debt _ ......... . ... . .. S - • - .... ry%;: ~%_ ~': .. w~rt~...~s .~,',r ~....:~ .., ~~ ~ii~•,,~"'Vl r~YF:yWy~'s'`-'~'i'fV'L~~'='.i .- - ~b•(_7) The amount, as estimated by the ~ ~:~,~;-~7yR_c: ~~ ~ r r.4~-,. -- -_"' F4;na7iCE nireesa- _ of special - ~_,- e:;;~*'y,h}:,e• levied for ~''ri.~_v: •:;~~-?-~•... ~..t4. nrti-, ~• - _ assessments to be • i ~w : -. w,T• ~; :.. ,,,.,.,•... . - '`~'- local improvements for which any ~"h,:t•:.~~n?-„'~'-,.,:..~t~ ~ :"~';: - ;v:,; - . ----*'i~ _.... - _ -- - pax•t of the CrCSS debt (that is not - . - .. :-`f'- - -' was ar is to be - ~,•... . ~ --- ~~~~ _ .~ ~'. _ _ _ :T. oLhe~aise deducted) _ - ~"-------`°- - - - - _ - _ - ~_<;-• incurred, to :tie extent :hat the _ :. _ . ~• -__ --=- - _ special assessments, when collected. - - '_ .. _ =~ :'+~i~:: ~;~'.y=~ ~z^-~?tµ::~~-r _- - will be applied to :lie payment of any - !~:~~.:::~.:,;:r~~~•:~~~•.!~M'~7~,::~==x of the gross debt $ .: ¢' _ . _ _ ~~.'`;-. --- - .part .. _ ,.._ ..... .. _ .. • - ...... .. - - - - - .. - - - `-. _ :~ ~~.~. - - - ~-•_. --- - '(b)• ., •DET]UC:IDhS.~.:being,~..he sum of b(1), -- _. .'i,':;:•~••.r~- .• ~.,- b(2) b(3) b(4) b(5) r b(6) and ._ -~- ~~,~,.,., ''r~•+,;;.. ,_fi:;:{,rr.::+...,.~:~ •.•: /'. • - _ ~-. t - _ - =fir"- -- .. - - - - - - - ~..%~:~ 5 -";~~` _ -t:m~'~~':+_`~a: •,r_;s.?"C~~(d) APPRAISED VAWE' - - _ =a - ~.;. `;:~a~iyc-~ ._ ~~~"-~(d)~:_APPRAISED VALIIE of property subject~~- -- -_ - - _ _ ~~,......~:s;..,. =:.;~•°".,;:~:~. ~`:°' `~~'''`''e' to municipal taxation before the :;:a_ ~~~:.~:•~'~,'~{ _ __ ":.•vn'"-.• .-_~`-~`:`.,;;~%:'T-~v~+_._~: Y~_~ - application aS any assessment ratio,--.. - _•_ - -- - - - -'"y~_~ .~~--_- ~`..°..' being the value fixed ir, 1988 ............ _ ._. g 3~318,028~12~;?~;:'.: _ -,,»""-`s:.:.,...; _ ; .~_. ~. _- ..,.. ,. .-w.-_. -..- - ... -- _ ... '~'c:~? (e). - . Percentage whioh the NE'!' AEHT (e) "- _ ' _ : .. _ _ •.•~. -`.a~:_.' ~•`~,r••a•~,a. -sr,-•+ "'•'-~`~ - - b ar& 'C the APPRAISED VALUE (d) ... - - - • • • • • -- _ y..~. • ~ ~°r~~`'~! w':°°•,"` - :tea'- __ •- - _ .. r.:[~p:r~~ti s.-fi~~.~4~F;:~~...,..~;. ,__....:r.:. _''-___-- The faxegoing statement is true. - .-.-__: - _. - ,~:~.-,,,; ;"+=.""w~~n•c~-~~,~_. _ - -- - -- ~L. _1i.Xr_t ~~r';~'-w:e"t,..--?:?`;.. ~'':~.t-:_s~V%.ri~.~i-~ - - =,~,~= Finance ireetor for the - -"'i; y.... ;,,; ~ _ #~ - '`..- ... Count of p=ane No ... -r -- .r~:~•~- Ai:•.~`~;:`{~ H ~ _- .., - .•:::c., :;'~'•;..` `•Y :. .. y 9 . rth Caralina _ - --- _ ~^ ~•.` '~;,:~ x:,.-:;-;~c..-'~._ .~. . w. _ _ •.~~_ ..4 `.. ,. - - __ b~J#.--ate _ __ _.. -~... ~ _ _ ___.- _ _ ~ _ _ _ .. - - ~~CaGM _~•~~" _ _ _ rraV - ~ STATE OF NOFTH CARDISNA -. - - - - - - - - - •'^~ ~:: wr: ~~'"'`:.- -~:.. COUI7TY OF ORANGE - ) ~-~,• - .-. --_ .: _ _ .. -.~~?'~>{'~"'~:1x='~•°c,.., .~~~ ... .•~~:w ,v.,. -. ..... . .. ~..- - - ~ _ .. ._ -...1 r'.~ ~.-: ~:ir,..~.. yeti:.,' - "'--~~~~"' Subscribed and .sworn to before me this 25th da o --- -',",.„,.~~"~• - ,~ ~~ `Ye'~.'~r=': y !July 1988. - ~;+-',: ~:~: ~ a ' -. ,..~ - _,__ ~~- .. ' Notary Public - i • - - - .. soy pUBI~D ~'• _ _ -- - My commission expires /D /9 ~ f - •'._: - ~__ I, Beverly A. 9lythe, Clerk to the Hoazd oS Cammissionexs .-l'~ :~_':: -_ :- _ for :he Count' of Orange, North Carolina, DO T'.trR°.HY C~TT_FY that - - - - ~•`he faregaing is a true copy of a statement which was filed with ••= • - '''`'"'~`_ '""- .;,`;, _ _ me at a pceeting of +rhe Board of Commissioners So: said Count ~- - _ ~~'A _~~'¢`~'"~~"`~'"~~" - :held on July 25; 1988, after ~e xntxaduction and beSare the::;:=-, 4,,.,:,.,z,;;';,, ~-, ...~;~„~~~n~~.~'~` - _ -.-.. ...__. ~ ,. - ~ ~ - .. r~~. - _ ,public hearing an three eiders authorizing bonds oS said County, _ •- ... ~:' "~':~:~,:'~~~r•~''~w'`j'~_ %';~_ and that said statement is oven to publit inspection i.n my - -•~~'';--~••*. •.. • _ :.:.- o_fice. - __ ,- - _- _ WITi~..•55 my hand and the cprporate seal of said Cpun:y, this -- V-~•,nr7~~, day of. July 1988. •; _ -. . - dk~:.. _ ClerJt to a Boarc. of Cosimissionezs - - ~=.';:~~-.;,...,.,•. . - ~ .+v.+..~.•aoo.o..c.•e.~e.,.ac csr+r...cw.a...... .ee.. _. - ... _ . _..