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.LOCAL GOVERNMENT COMMISSION 325 North Salisbury Street Raleigh, North Carolina 27811 Telephone (919) 733-3064 GENEBAL INSTRUCTIONS FOR FILING APPLICATION FOR APPROVAL OF ISSUANCE OF GENEBAL OBLIGATION BONDS ENCLOSURES LCC-107 Li~t of Documents to be filed w/th the Local Government Commission LOC-J08 Application for Approval of Issuance of General Obligation Bonds LGC-108A Selected F/seal Information ~ Certified by the Finance Officer LGC-108B Capital Budget and Related Information LCC-108C Projec~on of Water and Sewer Net Re','enuos (included only fl proposed bonds are for water or sewer purposes). LGC-108DProiec~on o~ Enterpr~e Net Hevenue (included only i~ proposed bond~ are for enter- prise~ other than water and sewer). LGC-109 Preliminary Statement ol Debt. CE~qEBAL The Local Government Bond Act (Article 4 of Chapter 159 of the General Statutes) states those .:_!pr y,~hich g_~neml_obl/gatio_n b~.n_~ n~y:..be_ ~9~e~:l~ _an_drsets~_.rt~. pL_o~ed~r~ to be foUowed in authorizing be marketed. Bond-Goun~l~:~'avids~txaf~ of4he-~s~io0~ notie~:bond~rder~nd other~l~roceed~ng~:::~-" end furnhh a calendar.tgbefollo~ed th~o~,h0~t ell th.e.p _.r0oeed~ngs~T.~o_l~f.d. pc~me~ (LGC-10?~ be filed with the l~ocal. C, overnment, Commi~ion e,e~.~orth~the ptinclpal-s~p~...t6~tekeu-_in ~ufl~or~ng -- .. and issuing bonds' and~an'.be ~ed_in develop/~g e-c~lend~rA~:conjuneUon,with:bond coomnl:~-- .... - .... '-The "Applicafion'fo~Approval :o~ th~ Issoar~e bf General Obligation Bonds":must befiled w/th'and:a~ cepted ~'or submi.uion to the Local Government Commixsion pr/or to or at the ss-me time the bond order is introduced by the governing body. If voter approval of the bond~ Iz required, ten days m~t ehp~e after publication of the Notice of Intent to file an application before the CommL~ion may ncknowledge fil~ng the application. In evidence nf the publication oI Notice o! Intent, a publl~heFs affidavit with clipping required. Only one copy of the application and its attachments is required to be filed ,~th the Commission. PRE-FILING OR PRELIMINARY CONFERENCE T_h~ Svcretarv o~' the Commh~ion ms.y require the~overning body or its representative to attend, e, prelimin~rv ~o~ference to cor~ider the proposed bondi~ue. Th~ is no[necessary in all cases; h6wever, before any nf the pro~:~din~s are b~gun or the s~oplicatlon fil ~e~_ ~ determin~tian ~hould be made y,'h~her a confarerr~e i~ required. A conference i~ useful both to the unit of government and to the CommL~- sion to resolve question~ that might arise st n later date and could delay or prevent the authorization or sale nf thc bonds. RESOLUTION OF GOVERNING BODY Thc governing body should adopt a resolution making necessary finding~ relating to proposed bonds, authorizing filing of the application with the Commi~ion and designating authorized representative. Th~ resolution is not required b)' the Local Government Bond Act and such resolution dratt will no~ be for- nishcd by the unil'z bond coumel. While not required, the Commi~ion iecls that filing af the application ~hould ~akc pl~ce es a result of deliberation and action nf the governing bed)'- The resolution will supple-