RALEIGH — At its June meeting, the Local Government Commission approved $378 million in bonds for Orange County to fund school improvements and expansions.
The financing includes $300 million in voter-approved general obligation bonds, with $125 million allocated to Orange County Schools for potential projects, such as replacing Orange Middle School or building a new elementary school, and $175 million for Chapel Hill-Carrboro City Schools to replace three elementary schools.
Additionally, $78 million in limited obligation bonds will support maintenance, equipment and vehicle purchases for schools and county facilities.
The Local Government Commission (LGC) also greenlit other requests, including $40 million in revenue bonds for High Point’s water and sewer improvements, $35 million in limited obligation bonds for Asheville’s McCormick Field upgrades, and $22 million for New Hanover County’s park and community college projects.
Additionally, $19 million in conduit revenue bonds were approved for Raleigh Housing Authority’s affordable housing development, as well as $13 million in two-thirds general obligation bonds for Union County’s public facilities and a $9.4 million financing agreement for Catawba County’s medical services expansion.
Other approvals on the agenda per the N.C. Treasurer’s Office press release included:
- 3.6 million — Hillsborough (Orange County), to renovate and construct buildings for fleet maintenance, public works, office space, parking and storage.
- $3.2 million — Statesville (Iredell County), to replace 4.75 miles of the city’s main water line.
- $2 million — Holly Ridge (Onslow County), to recondition and repair roads to meet Department of Transportation standards.
- $2 million — Yadkin County Schools, to install lighting and HVAC energy conservation measures at school facilities.
- $1.75 million — Matthews (Mecklenburg County), to purchase two parcels of land on South Trade Street for future park development.
- $1.5 million — Vance County, to lease 31 vehicles to replace an aging fleet with reliable, safe and fuel-efficient vehicles.
- $991,340 — Bryson City (Swain County), to purchase and install new water meters to replace end-of-life equipment.
- $787,350 — Newton (Catawba County), to acquire tractors, mowing equipment, renovate an elevator and purchase police communication equipment.
