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Board of Elections equipment – purchase and install 169,575
Recycling Roll-Cart Distribution and Maintenance Building
– purchase and construct
Upper Eno Nature Preserve – construct parking lot and trail
work
165,000
125,000
Purchase new generator for Hillsborough Commons 100,000
Financing and related costs 155,241
Estimated total project costs $ 8,150,000
As part of this financing plan, the Orange Board of Education will transfer title to
the County of Grady Brown Elementary School (and the associated land and buildings).
The Board will also hear any public comment on the advisability of this property transfer.
The hearing will be held in the County’s Southern Human Services Center, 2501
Homestead Road, Chapel Hill, North Carolina 27516.
The proposed financing would be secured by a lien on some or all of the property
purchased or improved through the financing 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 expects
that the collateral for the financing will consist primarily of the Grady Brown Elementary
School 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).