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NOTICE OF PUBLIC HEARING Bond Order Authorizing the Issuance of Not to Exceed $45,000,000 General Obligation Solid Waste Bonds of the County of Mecklenburg, North Carolina WHEREAS, the Board of Commissioners of the County of Mecklenburg, North Carolina (the "County") deems it advisable to make the improvements hereinafter described; 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, as follows: Section 1. The Board of Commissioners of the County has ascertained and determines that it is necessary to provide the funds for additions and capital improvements to, or the acquisition, renewal or replacement of capital assets of, or purchasing and installing of new equipment relating to the operation and maintenance of certain solid waste facilities located in the County, including the acquisition of land or rights-of-way in land required therefor. 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 (the "Bonds") are authorized and shall be issued pursuant to the Local Government Bond Act of North Carolina. The maximum aggregate principal amount of the Bonds shall not exceed $45,000,000. Section 3. Taxes will be levied in an amount sufficient to pay principal and interest on the Bonds. 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. Pursuant to the North Carolina Constitution and Section 159-49 of the North Carolina General Statutes, bonds may be issued without voter approval in an aggregate principal amount not exceeding two-thirds of the amount by which the outstanding indebtedness of the County was reduced in the next preceding fiscal year (the "Two-Thirds Capacity"). The Bonds will use all or a portion of the County's Two-Thirds Capacity, and the aggregate principal amount of the Bonds shall not exceed the County's Two-Thirds Capacity. 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 Section 159-60 of the North Carolina General Statutes, 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 Mecklenburg, North Carolina to be $310,575,840,000 and the net debt thereof, including the proposed Bonds, to be $3,817,775,000. The Chief Financial Officer 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 $25,250,400. A tax is authorized to be levied to pay the principal of and interest on the Bonds if they are issued. The Chief Financial Officer of the County has filed a statement estimating that no property tax increase 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 at the Charlotte-Mecklenburg Government Center Meeting Chamber, 600 East Fourth Street, Charlotte, NC, 28202 at 6:30 p.m., or as soon thereafter as practicable, on the 6th day of October, 2026. Persons desiring to speak can sign up online at https://mecknc.seamlessdocs.com/f/clerk or call 980-314-2939. The deadline to register online is 3:00 p.m. the day of the meeting, but persons desiring to speak can also sign up to speak at the meeting prior to the start of the public hearing. Each speaker will receive up to three (3) minutes to speak, and a group of four or more speakers will receive ten (10) minutes to speak. Members of the public may also view the meeting on the Government Channel, or online at https://watch.mecknc.gov. Anyone needing special accommodations when attending this meeting because of a disability or needing this information in an alternative format because of a disability, contact the Clerk to the Board of Commissioners. The Clerk is located at 600 East Fourth Street, in the Charlotte-Mecklenburg Government Center, 11th floor, by phone at 980-314-2939, or by email: clerk@mecknc.gov. We request at least 72-hour notice prior to the meeting to make appropriate arrangements. /s/ Kristine M. Smith Clerk to the Board of Commissioners County of Mecklenburg, North Carolina IPL0376527 Sep 27 2026
Post Date: 09/27 12:00 AM
Refcode: #IPL0376527 
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