Item
Title
Adoption of Resolution Making Findings of Fact and Authorizing LGC Application; Introduction of Bond Order; and Adoption of Resolution Calling Public Hearing for Not to Exceed $240,000,000 General Obligation Refunding Bonds, Series 2026B (20 Minutes)
Body
Date of BOCC Meeting: April 13, 2026
Request for Board Action:
Agenda Text
The Board is requested to take the following actions in connection with the County’s proposed General Obligation Refunding Bonds, Series 2026B, in an amount not to exceed $240,000,000:
1. Adopt a Resolution Making Certain Statements of Fact and Authorizing Application to the North Carolina Local Government Commission (LGC) for approval of the bonds, including approval of the financing team.
2. Introduce the Bond Order entitled “Bond Order Authorizing the Issuance of $240,000,000 General Obligation Refunding Bonds of the County of Durham, North Carolina.”
3. Adopt a Resolution Calling a Public Hearing on the Bond Order, directing the publication of notice of such public hearing, and directing the filing of the Sworn Statement of Debt and Statement of Disclosure, as required by the Local Government Bond Act.
The public hearing on the Bond Order will be scheduled to be held at the Board of Commissioners meeting held on April 27, 2026.
Alignment with Strategic Plan: This request aligns with the strategic plan goal of Financial Stewardship.
Resource Persons: Joe Futima, Assistant Chief Financial Officer, Claudia Hager, County Manager, and Carlos Manzano, Parker Poe
County Manager’s Recommendation: The County Manager recommends the Board: (1) Adopt the Resolution making certain statements of fact and authorizing the filing of an application with the North Carolina Local Government Commission for approval of the Bonds; (2) Introduce the Bond Order authorizing the issuance of the General Obligation Refunding Bonds in an amount not to exceed $240,000,000; and (3) Adopt the Resolution calling a public hearing on the Bond Order, directing publication of notice of such public hearing, and directing the filing of the Sworn Statement of Debt and Statement of Disclosure.
Signature