HomeMy WebLinkAboutRES-1997-041 Resolution regarding Publication of Bond Orders - SEstablishing date for referenda and setting ballot questions r
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Resolution regarding publication of Bond Orders,
establishing date for referenda and setting ballot questions
WHEREAS,there have been adopted at this meeting bond orders entitled as follows:
BOND ORDER AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION
SCHOOL BONDS OF ORANGE COUNTY, NORTH CAROLINA, IN THE MAXIMUM
AMOUNT OF $47,000,000
BOND ORDER AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION
PARKS AND RECREATION FACILITIES BONDS OF ORANGE COUNTY, NORTH
CAROLINA,IN THE MAXIMUM AMOUNT OF$6,000,000
BOND ORDER AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION
PUBLIC BUILDING BONDS OF ORANGE COUNTY, NORTH CAROLINA, IN THE
MAXIMUM AMOUNT OF $4,600,000
BOND ORDER AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION LOW
AND MODERATE INCOME HOUSING BONDS OF ORANGE COUNTY, NORTH
CAROLINA,IN THE MAXIMUM AMOUNT OF$1,800,000
BOND ORDER AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION
SEWER EXPANSION BONDS OF ORANGE COUNTY, NORTH CAROLINA, IN THE
MAXIMUM AMOUNT OF$1,200,000
AND WHEREAS, Section 159-58 of the General Statutes requires publication of a
notice of the adoption of such Bond Orders;
AND WHEREAS, such Bond Orders are to take effect when approved by the voters, and
Section 159-61 of the General Statutes requires publication of notice of the bond referenda;
BE IT THEREFORE RESOLVED by the Board of Commissioners of Orange County,
North Carolina, that the Clerk to this Board is hereby authorized and directed to publish a notice
of the adoption of such Bond Orders, in the form provided for in Section 159-58 of the General
Statutes, one time in a newspaper having general circulation in the County;
AND BE IT FURTHER RESOLVED that each Bond Order be subject to a bond
referendum to be held within the County on November 4, 1997;
AND BE IT FURTHER RESOLVED that the Clerk to this Board is authorized and
directed to transmit a certified copy of this resolution to the Orange County Board of Elections
within three days after today;
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AND BE IT FURTHER RESOLVED that the Clerk to this Board is authorized and
directed to publish notice of such bond referenda as required by Section 159-61 of the General
Statutes;
AND BE IT FURTHER RESOLVED that the respective ballot questions shall be in the
following forms:
ORANGE COUNTY
SCHOOL BONDS
Shall the order authorizing up to $47,000,000 of general obligation bonds of Orange
County, for the purpose of paying capital costs of providing school facilities, together with
related financing and other necessary or incidental costs, as adopted by the County's Board of
Commissioners on August 25_, 1997, be approved?
Yes_ No
ORANGE COUNTY
PARKS AND RECREATION FACILITIES BONDS
Shall the order authorizing up to $6,000,000 of general obligation bonds of Orange
County, for the purpose of paying capital costs of providing parks and recreation facilities,
together with related financing and other necessary or incidental costs, as adopted by the
County's Board of Commissioners on At,g s S_, 1997,be approved?
Yes_ No
ORANGE COUNTY
PUBLIC BUILDINGS BONDS
Shall the order authorizing up to $4,600,000 of general obligation bonds of Orange
County, for the purpose of paying capital costs of providing public buildings, together with
related financing and other necessary or incidental costs, as adopted by the County's Board of
Commissioners on August 25 _, 1997,be approved?
Yes_ No
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ORANGE COUNTY
LOW AND MODERATE IiYCOMF HOUSING BONDS
Shall the order authorizing up to $1,800,000 of general obligation bonds of Orange
County, for the purpose of paying capital costs of providing housing for the benefit of persons of
low and moderate income, together with related financing and other necessary or incidental costs,
as adopted by the County's Board of Commissioners on August 25_, 1997, be approved?
Yes No
ORANGE COUNTY
SEWEREXPANSIONBONDS
Shall the order authorizing up to $1,200,000 of general obligation bonds of Orange
County, for the purpose of paying capital costs of expanding sanitary sewer systems, together
with related financing and other necessary or incidental costs, as adopted by the County's Board
of Commissioners on August 2a____, 1997,be approved?
Yes No
"Resolution regarding publication of Bond Orders, establishing date for referenda and setting the
questions" was passed by the following vote:
Commissioners: Unanimous
I, Beverly A. Blythe, Clerk to the Board of Commissioners fog the County of Orange, North
Carolina, DO HEREBY CERTIFY that the foregoing Resolution was adopted by the Board of
Commissioners on August 25, 1997.
WITNESS my hand and the corporate seal of Orange County, this the 27th day of August, 1997.
Clerk to the Bq rd of Commissi ners