TITLE
Title
DIRECT COUNTY STAFF TO PREPARE APPLICATIONS, RESOLUTIONS, ORDERS AND PUBLICATIONS TO SET A VOTER REFERENDUM ON NOVEMBER 3, 2020 FOR SCHOOL BONDS
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Sponsor
Sponsor
Harley Will
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BACKGROUND
Background
The County Board of Commissioners has been actively engaged with the County Board of Education in assessing the needs related to public school facilities in the county. The Board of Commissioners, after diligent consideration, is directing county staff to prepare the necessary applications, resolutions, orders and publication to set a voter referendum on November 3, 2020 authorizing the county to issue general obligations bonds backed by the full faith and credit of the county's taxing authority for school facilities. These actions shall include:
by May 25, 2020 Publish notice of intention to apply to the LGC.
By June 4, 2020 File an LGC Application for Approval of the Issuance of General
Obligation Bonds.
June 4, 2020 Introduce a bond order, setting a public hearing
date and file statement of debt; adopt a preliminary resolution
described in the LGC application.
By June 12, 2020 Publish a bond order as introduced with a notice of public hearing.
June 18, 2020 Hold a public hearing, adopt bond order, and set a
referendum date.
After June 18, 2020 Publish the bond order as adopted and the notice of referendum
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REQUESTED ACTION
Requested Action
Authorize county staff to prepare applications, resolutions, orders, and publications to set a Voter Referendum on November 3, 2020 for school bonds in the maximum amount of $300 million.
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