2014/07/21 RESOLUTION SETTING A SPECIAL BOND REFERENDUM & DIRECTION THE PUBLICATION OF NOTICE OF A SPECIAL BOND REF & NOTIFICATION OF THE HC BD OF ELECTIONS AUTHORIZING THE ISSUANCE OF $100,000,00 GEN OBLIG SCHOOL BONDS OF HCEXTRACT FROM MINUTES OF BOARD OF COMMISSIONERS
A regular meeting of the Board of Commissioners of the County of Harnett, North Carolina
(the "Board") was held at the County Commissioners' Meeting Room, Harnett County Administration
Building, 102 East Front Street, Lillington, North Carolina, at 7:00 p.m. on July 21, 2014 (the "Meeting "),
after proper notice, and was called to order by Chairman Joe Miller, and upon the roll being called, the
following members of the Board answered present:
Joe Miller, Chairman
Gary House, Vice Chairman
Jim Burgin, Commissioner
Beatrice B. Hill, Commissioner
Gordon Springle, Commissioner
The following members of the Board were absent: none
Also present: Tommy Burns, County Manager
Jennifer Slusser, Senior Staff Attorney
Margaret Regina Wheeler, Clerk
Vice Chairman House introduced the following resolution (the "Resolution"), a summary of
which had been provided to each Commissioner, a copy of which was available with the Clerk to the
Board and which was read by title:
RESOLUTION SETTING A SPECIAL BOND REFERENDUM AND DIRECTING THE
PUBLICATION OF NOTICE OF A SPECIAL BOND REFERENDUM AND NOTIFICATION OF
THE HARNETT COUNTY BOARD OF ELECTIONS
WHEREAS, the Board of Commissioners of the County of Harnett, North Carolina has adopted
the following bond order and such bond order should be submitted to the voters of the County of Harnett,
North Carolina for their approval or disapproval in order to comply with the constitution and laws of
North Carolina:
"BOND ORDER AUTHORIZING THE ISSUANCE OF $100,000,000 GENERAL
OBLIGATION SCHOOL BONDS OF THE COUNTY OF HARNETT, NORTH CAROLINA;"
NOW, THEREFORE, be it resolved by the Board of Commissioners (the "Board') of the
County of Harnett, North Carolina, as follows:
(1) For the purpose of determining the question whether the qualified voters of the County of
Harnett, North Carolina shall approve or disapprove (a) the indebtedness to be incurred by the issuance of
the General Obligation School Bonds of the County authorized by said bond order, which indebtedness
shall be secured by a pledge of the County's full faith and credit and (b) the levy of a tax for the payment
thereof, said bond order shall be submitted to the qualified voters of the County at a special bond
referendum to be held in the County on November 4, 2014.
(2) The Clerk to the Board is hereby authorized and directed to publish a notice of said
referendum which shall be in substantially the form entitled "COUNTY OF HARNETT, NORTH CAROLINA
NOTICE OF SPECIAL BOND REFERENDUM," attached hereto. Said notice of referendum shall be
published at least twice. The first publication shall be not less than 14 days, and the second publication
shall be not less than 7 days before the last day on which voters may register for the special bond
referendum.
(3) The Harnett County Board of Elections is hereby requested to print and distribute the
necessary ballots and to provide the equipment for the holding of said referendum and to conduct and to
supervise said referendum.
(4) The ballots to be used at said referendum shall contain the following words:
"SHALL the order authorizing $100,000,000 of bonds plus interest to pay the capital costs
of providing for the construction, renovation, improvement, equipping and furnishing of
public school facilities within the County, including the acquisition of land, rights -of -way
and easements required therefor, and providing that additional taxes may be levied in an
amount sufficient to pay the principal and interest on the bonds be approved?";
with squares labeled "YES" and "NO" beneath or beside such words in which squares
the voter may record his or her choice on the question presented; and
(5) The Clerk to the Board shall mail or deliver a certified copy of this resolution to the
Harnett County Board of Elections within three days after this resolution is adopted.
BE IT FURTHER RESOLVED that this Resolution shall become effective on the date of its
adoption.
Upon motion of Vice Chairman House moved, seconded by Commissioner Springle, the
foregoing resolution entitled: "RESOLUTION SETTING A SPECIAL BOND REFERENDUM AND DIRECTING
THE PUBLICATION OF NOTICE OF A SPECIAL BOND REFERENDUM AND NOTIFICATION OF THE
HARNETT COUNTY BOARD OF ELECTIONS" was adopted by the following vote:
AYES: 5
NAYS: 0
PASSED, ADOPTED AND APPROVED this 21" day of July, 2014.
STATE OF NORTH CAROLINA
SS:
COUNTY OF HARNETT
1, Margaret Regina Wheeler, Clerk to the Board of Commissioners of the County of Harnett,
North Carolina, DO HEREBY CER77FY that the foregoing is a true and enact copy of a Resolution
entitled, "RESOLUTION SETTING A SPECIAL BOND REFERENDUM AND DIRECTING THE PUBLICATION
OF NOTICE OF A SPECIAL BOND REFERENDUM AND NOTIFICATION OF THE HARNETT COUNTY
BOARD OF ELECTIONS" adopted by the Board of Commissioners of the County of Harnett, North
Carolina, in regular session convened on the 21° day of July, 2014.
WITNESS my hand and the corporate seal of the County of Hamett, North Carolina, this the 21st
day of July, 2014.
Marg Regir a V14Mer
Cler t the Board - mmissioners
BOND ORDER AUTHORIZING THE ISSUANCE OF $100,000,000
GENERAL OBLIGATION SCHOOL BONDS
OF THE COUNTY OF HARNETT, NORTH CAROLINA
WHEREAS, the Board of Commissioners (the "Board') of the County of Harnett, North Carolina
(the "County") has ascertained and hereby determines that it is necessary to pay the capital costs of
providing for the construction, renovation, improvement, equipping and furnishing of public school
facilities within the County, including the acquisition of land, rights-of-way and easements required
therefor; and
WHEREAS, an application has been filed with the Secretary of the Local Government
Commission of North Carolina (the "Commission ") requesting Commission approval of the General
Obligation School Bonds hereinafter described as required by the Local Government Bond Act, and the
Clerk to the Board has notified the Board that the application has been accepted for submission to
the Commission.
NOW, THEREFORE, BE IT ORDERED by the Board of Commissioners of the County of
Hamett, North Carolina, as follows:
Section 1. In order to raise the money required for the purposes described above, in addition
to any funds which may be made available for such purposes from any other source, General Obligation
School Bonds of the County are hereby authorized and shall be issued pursuant to the Local Government
Finance Act of North Carolina. The maximum aggregate principal amount of such General Obligation
School Bonds authorized by this order shall be $100,000,000.
Section 2. A tax sufficient to pay the principal of and interest on said General Obligation
School Bonds when due shall be annually levied and collected.
Section 3. A sworn statement of the County's debt has been filed with the Clerk to the
Board and is open to public inspection.
Section 4. This bond order shall take effect when approved by the voters of the County at a
referendum scheduled for November 4, 2014.
The foregoing order was adopted on the 21" day of July, 2014, and is hereby published on the
24th day of July, 2014. Any action or proceeding questioning the validity of the order must be begun
within 30 days after the date of publication of this notice. The finance officer of the County has filed a
statement estimating that the total amount of interest that will be paid on the bonds over the expected term
of the bonds, if issued, is $52,500,000. The estimate is preliminary, is for general informational purposes
only, and may differ from the actual interest paid on the bonds
/s/ Margaret Regina Wheeler
Clerk to the Board of Commissioners
County of Harnett, North Carolina