Guilford County
File #: 2021-433    Version: 1 Name:
Type: New Business Status: Passed
File created: 10/22/2021 In control: Board of Commissioners
On agenda: 11/4/2021 Final action: 11/4/2021
Title: NOTICE OF INTENTION FOR GUILFORD COUNTY GENERAL OBLIGATION BONDS (SCHOOL BONDS)
Attachments: 1. Resolution re Notice of Intention-Guilford 2022 GO Authorization, 2. Notice of Intention-Guilford 2022 GO Authorization
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TITLE

Title

NOTICE OF INTENTION FOR GUILFORD COUNTY GENERAL OBLIGATION BONDS (SCHOOL BONDS)

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SPONSOR

Sponsor

Derrick Bennett

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BACKGROUND

Background

The Guilford County Board of Commissioners has actively engaged with the Guilford County Schools Board of Education in assessing the needs of public school facilities within Guilford County.  The Board of Commissioners are authorizing county administration to begin the process of setting a voter referendum to authorize the issuance of General Obligation bonds in the amount up to $1.7 billion for the acquisition, construction, improvement, equipping and expansion of school facilities.

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BUDGET IMPACT

Budget Impact

NO ADDITIONAL COUNTY FUNDS REQUIRED

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REQUESTED ACTION

Requested Action

Approve and authorize county administration to publish the Notice of Intention to apply to the Local Government Commission for General Obligation Bonds in an amount up to $1.7 billion towards the acquisition, construction, improvement, equipping and expansion of school facilities.

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