HomeMy WebLinkAbout07-06-2026 Notice of Public Hearing Notice GO School Bond Referendum-Corrected NoticeCORRECTED 06/29/2026
NOTICE OF PUBLIC HEARING
BOND ORDER AUTHORIZING THE ISSUANCE OF $107,000,000 GENERAL
OBLIGATION SCHOOL BONDS OF THE COUNTY OF PERSON, NORTH CAROLINA
WHEREAS, the Board of Commissioners (the “Board”) of the County of Person, North
Carolina (the “County”) has ascertained and hereby determines that it is necessary to pay the
capital costs of constructing, equipping, improving, and renovating school facilities, including, but
not limited to, the construction of a new middle school and renovations to the vacated Northern
Middle School and Southern Middle School for use as elementary schools to support elementary
school consolidation; and
WHEREAS, an application has been filed with the Secretary of the Local Government
Commission of North Carolina (the “Commission”) requesting Commission approval of the
General Obligation School Bonds hereinafter described as required by the Local Government
Bond Act, and the Clerk to the Board has notified the Board that the application has been accepted
for submission to the Commission.
NOW, THEREFORE, BE IT ORDERED by the Board of Commissioners of the County
of Person, North Carolina, as follows:
Section 1. To raise the money required for the purpose described above, in addition to
any funds which may be made available for such purpose from any other source, General
Obligation School Bonds of the County are hereby authorized and shall be issued pursuant to the
Local Government Finance Act of North Carolina. The maximum aggregate principal amount of
such General Obligation School Bonds authorized by this order shall be $107,000,000.
Section 2. Taxes will be levied in an amount sufficient to pay the principal and interest
of the General Obligation School Bonds.
Section 3. A sworn statement of the County’s debt has been filed with the Clerk to the
Board and is open to public inspection.
Section 4. The bond order will take effect when approved by the voters of the County
at a referendum scheduled for November 3, 2026.
The foregoing 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 Person, North
Carolina to be $7,757,661,461 and the net debt thereof, including the proposed bonds, to be
$139,172,257. The finance officer of the County of Person, North Carolina 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 $59,988,404. A tax is authorized to be levied to pay the principal of and
interest on the bonds if they are issued. The finance officer has filed a statement estimating that a
property tax increase of $0.095 per $100 (equivalent to $95.00 per $100,000) of assessed valuation
will be required to provide sufficient funds to pay the principal and interest on the proposed bonds.
These estimates are preliminary, are for general informational purposes only, and may
differ from the actual interest paid on the bonds or the actual property tax increases required to
provide sufficient funds to pay the principal and interest on the bonds. 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’
Boardroom Room 215, Person County Office Building, 304 S. Morgan Street, Roxboro, North
Carolina, at 6:00 p.m., or as soon thereafter as practicable, on July 6, 2026.
/s/ Michele Solomon
Michele Solomon, NCCCC
Clerk to the Board
County of Person, North Carolina