Title
Proposed 2025 General Obligation Bonds Not to Exceed $416,115,000
Recommended Action
That the Board of Commissioners:
1. Adopts resolution making certain findings and determinations and authorizing and ratifying the filing of an application with the Local Government Commission in connection with the proposed issuance of 2025 Series C General Obligation Refunding Bonds (“2025C GO Bonds”) by the County of Wake, North Carolina; and
2. Adopts Bond Order authorizing 2025C GO Bonds of not to exceed $49,500,000 and direct the local publishing of a Notice of Adoption of Bond Order; and
3. Adopts resolution providing for the sale and issuance of $41,615,000 County of Wake, North Carolina General Obligation Parks, Greenways, Recreation and Open Space Bonds, Series 2025B (“2025B GO Bonds”); and
4. Adopts resolution providing for the sale and issuance of General Obligation Public Improvement Bonds, Series 2025A (“2025A GO Bonds”) in the principal amount of not to exceed $325,000,000 to refinance a like amount of bond anticipation notes previously issued in anticipation of the receipt of proceeds of School bonds and Community College bonds; to finance additional Community College Bonds; to finance additional facilities; and to refinance a portion of the County’s obligations under an installment financing agreement providing for the financing of certain Public School Facilities.