Item
Title
Public Hearing on Bond Order; Adoption of Bond Order; and Adoption of Bond Resolution for Not to Exceed $240,000,000 General Obligation Refunding Bonds, Series 2026B
(20min)
Body
Date of BOCC Meeting: April 27, 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. Hold a public hearing on the Bond Order entitled “Bond Order Authorizing the Issuance of Not to Exceed $240,000,000 General Obligation Refunding Bonds of the County of Durham, North Carolina” (the “Bond Order”), notice of which public hearing was published on or before April 21, 2026 as required by the Local Government Bond Act.
2. Adopt the Bond Order, without change or amendment; and
3. Adopt the Bond Resolution authorizing the issuance of the Series 2026B Bonds and providing for the terms thereof.
Alignment with Strategic Plan: This request aligns with the strategic plan goal of Financial Stewardship.
Resource Persons: Crystally Wright, Chief Financial Officer; 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 hold the public hearing on the Bond Order; adopt the Bond Order, without change or amendment; and adopt the Bond Resolution authorizing the issuance of the Series 2026B Bonds and providing for the terms thereof.
Signature