Orange County, North Carolina -- Notice of Public Hearing: Financing for Various Public Improvements and Acquisitions

The Board of Commissioners of Orange County, North Carolina, will hold a public hearing on Tuesday, May 1, 2018, at 7 p.m. (or as soon thereafter as the matter may be heard). The purpose of the hearing is to take public comment concerning a proposed financing contract, under which the County would borrow approximately $8,150,000 to finance a wide variety of acquisitions and improvements, including the following:

Project Description Estimated Amount
Environmental Agricultural Center Building $394,500
Government Services Annex Building $350,000
HVAC Projects $122,000
Roofing Projects $102,444
IT Government Council Initiatives $344,493
IT Infrastructure $700,000
Communications Systems $920,000
Cedar Grove Community Center $75,000
Facility Accessibility and Security Improvements $30,000
Vehicle Replacements $1,106,514
Miscellaneous County equipment $184,000
Chapel Hill HS Architecture and Facility Improvements $601,000
Classroom and Building Improvements (OCS) $254,000
Food Services (OCS) $145,000
Passmore Center Renovations $550,000
Information Technologies $500,000
IT Broadband Connectivity $60,000
IT Governance Council Initiatives $346,010
911 Center Improvements $117,832
Conservation Easements $500,000
Cedar Grove Park, Phase II $60,000
Parks and Recreation Facility Renovations $195,000
Affordable Housing Land Banking $293,000
TOTAL ESTIMATED PROJECT COSTS $7,950,793


The County also expects to use some financing proceeds to pay financing costs.

The hearing will be held in the Commissioners’ usual meeting room in the Whitted Human Services Center, 300 West Tryon Street, Hillsborough, North Carolina.

The proposed financing would be secured by a lien on some or all of the property to be acquired or improved with the financing proceeds, as well as the County’s promise to repay the financing, but there would be no recourse against the County or its property (other than the pledged property) if there were a default on the financing. The County expect the financing will be secured by a lien on the Orange County Sportsplex property or the County’s Government Services Annex building (located at 208 South Cameron Street in Hillsborough) and related property.

All interested persons will be heard. The County’s plans are subject to change based on the comments received at the public hearing and the Board’s subsequent discussion and consideration. The County’s entering into the financing is subject to obtaining approval from the North Carolina Local Government Commission.

Persons wishing to make written comments in advance of the hearing or wishing more information concerning the subject of the hearing may contact Gary Donaldson, Orange County Finance Officer, Finance Officer, Post Office Box 8181, Hillsborough, NC 27278 (telephone 919/245-2453, email gdonaldson@orangecountync.gov).