HomeMy WebLinkAboutRES-2016-037 Resolution Regarding Details for Bond Referenda 5-s C � .
RES-2016-037 �CL ,
Resolution regarding details for bond referenda
WHEREAS, there have been adopted at this meeting bond orders entitled as
follows:
BOND ORDER AUTHORIZING THE ISSUANCE OF ORANGE COUNTY
GENERAL OBLIGATION SCHOOL BONDS IN THE MAXIMUM
AMOUNT OF $120,000,000, SUBJECT TO VOTER APPROVAL
BOND ORDER AUTHORIZING THE ISSUANCE OF ORANGE COUNTY
GENERAL OBLIGATION BONDS FOR HOUSING FOR PERSONS OF
LOW AND MODERATE INCOME IN THE MAXIMUM AMOUNT OF
$5,000,000, SUBJECT TO VOTER APPROVAL
AND WHEREAS, these bond orders are to take effect when approved by
the voters;
AND WHEREAS, the General Statutes require certain additional actions to
complete the process of authorizing the bonds and the bond referendum;
BE IT THEREFORE RESOLVED by the Board of Commissioners of
Orange County, North Carolina, as follows:
1. The Clerk to this Board is directed to publish a notice of the adoption
of each of these 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.
2. Each Bond Order will be subject to a bond referendum to be held
within the County on November 8, 2016.
3. The Board requests that the Orange County Board of Elections
conduct the referenda in the manner provided for by law.
4. The respective ballot questions shall be in the following forms:
ORANGE COUNTY SCHOOL BONDS
Shall the order authorizing Orange County general obligation
bonds in the maximum amount of $120,000,000 plus interest to pay
capital costs of providing school facilities and paying related costs, and
providing that additional taxes may be levied in an amount sufficient to
pay the principal of and interest on the bonds, as adopted by the
County's Board of Commissioners on May 5, 2016, be approved?
ORANGE COUNTY BONDS
FOR LOW AND MODERATE INCOME HOUSING
Shall the order authorizing Orange County general obligation
bonds in the maximum amount of$59000,000 plus interest to pay capital
costs of providing housing for persons of low and moderate income and
paying related costs, and providing that additional taxes may be levied in
an amount sufficient to pay the principal of and interest on the bonds, as
adopted by the County's Board of Commissioners on May 5, 2016, be
approved?
5. The Clerk to this Board is directed to transmit a certified copy of this
resolution to the Orange County Board of Elections within three days after today.
6. The Clerk to this Board is directed to publish notice of such bond
referenda as required by Section 159-61 of the General Statutes.
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V/CE CHA/R EARL MCKEE,CHAIR
ORANGE COUNTY BOARD OF COMMISSIONERS
MARK DOROS POST OFFICE BOX 8181 17 52
/N,
MIA BURROU 200 SOUTH CAMERON STREET
BARRYJACOBS BS
BERNADErmPEL/SS/ER HILLSBOROUGH, NORTH CAROLINA 27278
RENEE PRICE �' a
PENNYR/CH °rth eato
May 6, 2016
Ms. Tracy Reams, Director
Orange County Board of Elections
208 South Cameron Street
Hillsborough, N.C. 27278
Dear Ms. Reams,
I, Donna S. Baker, Clerk to the Board of Orange County, North Carolina, do hereby
certify the Board of County Commissioners, at their Regular Meeting on May 5, 2016,
unanimously approved the attached resolution entitled "Resolution Regarding Details
for Bond Referenda".
This the 6th day of May 2016.
Donna S. Baker, Clerk to the Board
Orange County Commissioners
S �
17 52
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