Details for Brunswick County Planning Board

Brunswick County Planning Board

PUBLIC HEARING

NOTICE OF PUBLIC HEARING
BOND ORDER AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $5,740,000
GENERAL OBLIGATION PUBLIC IMPROVEMENT BONDS
OF THE COUNTY OF BRUNSWICK, NORTH CAROLINA
WHEREAS, the Board of Commissioners of the County of Brunswick, North Carolina (the “County”) deems it advisable to provide for construction of a multi-use governmental facility located in
the County which is currently expected to house a senior center, emergency management and other
public safety functions; and
WHEREAS, an application has been filed with the Secretary of the Local Government Commission
of North Carolina requesting Commission approval of the bonds hereinafter described as required
by the Local Government Bond Act, and the Secretary of the Local Government Commission has
notified the Board of Commissioners that the application has been accepted for submission to the
Local Government Commission.
NOW, THEREFORE, BE IT ORDERED by the Board of Commissioners of the County of Brunswick, North Carolina, as follows:
Section 1.
The Board of Commissioners of the County has ascertained and hereby determines that it is necessary to provide for a multi-use governmental facility located in the
County which is currently expected to house a senior center, emergency management and
other public safety functions.
Section 2.
To raise the money required for the purposes described above, in addition to
funds which may be available for such purpose from any other source, bonds of the County are
hereby authorized and shall be issued pursuant to the Local Government Bond Act of North
Carolina. The maximum aggregate principal amount of such bonds authorized by this bond
order shall be and not exceed $5,740,000.
Section 3.
Taxes will be levied in an amount sufficient to pay the principal and interest of
the bonds authorized by this bond order.
Section 4.
A sworn statement of the County’s debt has been filed with the Clerk to the
Board of Commissioners and is open to public inspection.
Section 5.
No debt shall be contracted during any fiscal year by the issuance of bonds
pursuant to this bond order if the amount of such debt and if all other debt contracted during
such fiscal year shall exceed two-thirds (2/3rds) of the amount by which the outstanding indebtedness of the County shall have been reduced during the next preceding fiscal year, unless
the incurring of such debt shall be submitted to a vote of the people of the County and shall be
approved by a majority of those who vote thereon.
Section 6.
This bond order will take effect thirty (30) days after its publication following
adoption, unless it is petitioned to a vote of the people within thirty (30) days after its publication as introduced, as provided in N.C.G.S. Section 159-60, and in that event the order will
take effect when approved by the voters of the County.
The foregoing bond order has been introduced and a sworn statement of debt has been filed under the Local Government Bond Act showing the appraised value of the County of Brunswick,
North Carolina to be $30,959,323,779 and the net debt thereof, including the proposed bonds, to be
$173,861,180. The Director of Fiscal Operations of the County has filed a statement estimating that
the total amount of interest that will be paid on the bonds over the expected term of the bonds, if
issued, is $3,004,688.89. The estimate is preliminary, is for general informational purposes only,
and may differ from the actual interest paid on the bonds. A tax will be levied to pay the principal
and interest on the bonds if they are issued. Anyone who wishes to be heard on the questions of the
validity of the bond order and the advisability of issuing the bonds may appear at a public hearing
or an adjournment thereof to be held in the Commissioners’ Chambers of the Brunswick County
Government Complex, 30 Government Center Drive NE, Bolivia, North Carolina, at 3:00 p.m., or as
soon thereafter as practicable, on the 6th day of June, 2022.
/s/ Daralyn Spivey
Clerk to the Board of Commissioners
(5-18)
County of Brunswick, North Carolina

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