HomeMy WebLinkAboutAttachment A - General Obligation Bond Timeline 1
General Obligation Bond Timeline
Proposed 1 . Planning and Bond Referendum Schedule
1. Review schedule of approvals for a bond referendum and review Completed
the County Facilities Master Plan
2. Review School Facilities Long Range Optimization Plan - Woolpert Completed
3. Review Financing Scenarios Completed
4. Approve a tentative plan for Bond Referendum Completed
5. Staff meets with Local Government Commission on tentative
BCompleted
Bond plan
6. School Boards adopt a resolution supporting the referendum Completed
7. Review potential adjustments to the bond referendum plan, if Completed
needed.
ORANGE COUNTY
1 NORTH CAROLII�3A
2
General Obligation Bond Timeline
Proposed 1 • Planning and Bond Referendum Schedule
8. BOCC adopts preliminary resolution establishing the bond purpose(s) and sets a not to
exceed bond amount(s). Neither the purpose nor the not to exceed amount may change Completed
following this action.
9. BOCC establishes a bond education committee and appropriates funds for outreach Completed
10. Staff publishes a notice of intent to file an application for a general obligation bond By May 1
referendum
11. Staff files bond application with the Local Government Commission By May 10
12. BOCC introduces bond order (1st Reading) and schedules a public hearing May 7t" BOCC Business Meeting
13. BOCC holds public hearing on bond referendum June 4t" BOCC Business Meeting
14. BOCC adopts the bond order (2nd Reading), formally sets the ballot question and
referendum date June 18t" BOCC Business Meeting
15. Community vote on bond referendum November 5, 2024
ORANGE COUNTY
2 NORTH CAROLII�3A