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Home My WebLink About2014/07/21 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