{"MatterTextId":30044,"MatterTextGuid":"6588F5C0-45AA-4757-8E18-D9E4FADB12BF","MatterTextLastModifiedUtc":"2026-07-18T01:37:53.24","MatterTextRowVersion":"AAAAAAIr0FA=","MatterTextMatterId":29814,"MatterTextVersion":"1","MatterTextPlain":"..Title\nPublic Hearing on General Obligation Bond Referendum\n\n..Action\nAction:\nA. Conduct a public hearing on the bond orders which would be authorized at the General Obligation Bond Referendum to be set for November 3, 2026,\n\nB. Adopt Bond Orders introduced for $280,000,000 of Transportation Bonds, $20,000,000 of Neighborhood Improvement Bonds, and $125,000,000 of Housing Bonds, and\n\nC. Adopt a resolution setting the General Obligation Bond Referendum for November 3, 2026.\n\n..Body\nStaff Resource(s):\nMatthew Hastedt, Finance\nMitali Shah, Finance\n\nExplanation \n* On June 8, 2026, City Council approved:\n* The Fiscal Year (FY) 2027 Budget and FY 2027-2031 Capital Investment Plan, which includes a $425,000,000 bond referendum on November 3, 2026; and\n* Resolutions authorizing staff to proceed with actions necessary to conduct a General Obligation Bond Referendum.\n* On June 22, 2026, City Council:\n* Introduced the bond orders for each of the ballot questions; and\n* Approved a resolution setting a public hearing for each of the bond orders for the August 10, 2026, business meeting.\n* The current action is the third of four City Council actions. This action will specifically:\n* Hold a public hearing on each bond order;\n* Adopt bond orders for $280,000,000 of Transportation Bonds, $20,000,000 of Neighborhood Improvement Bonds, and $125,000,000 of Housing Bonds; and\n* Approve a resolution setting the bond referendum for November 3, 2026, and direct staff to publish notice of the referendum.\n\nNext Steps\n* The Local Government Commission is scheduled to consider the referendum for approval at its January 2027 meeting.\n* After November 3, 2026, City Council will be asked to adopt a resolution certifying and declaring the results of the special bond referendum. This action will occur after the Mecklenburg County Board of Elections certifies the results of the vote.\n\nFiscal Note\nFunding: Municipal Debt Service Fund\n\n..Attachments\nAttachment(s)\nBond Orders\nResolution setting Notice of Public Hearing\n\n\n\n","MatterTextRtf":"{\\rtf1\\fbidis\\ansi\\ansicpg1252\\deff0\\deflang1033\\deflangfe1033{\\fonttbl{\\f0\\fswiss\\fprq2\\fcharset0 Verdana;}{\\f1\\fnil\\fprq2\\fcharset2 Wingdings;}{\\f2\\froman\\fprq2\\fcharset2 Symbol;}}\n{\\colortbl ;\\red255\\green255\\blue255;\\red255\\green0\\blue0;}\n\\viewkind4\\uc1\\pard\\ltrpar\\cf1\\b\\f0\\fs26 ..Title\\par\n\\cf0 Public Hearing on General Obligation Bond Referendum\\par\n\\cf2\\par\n\\cf1 ..Action\\b0\\fs17\\par\n\\cf0\\ul\\b\\fs20 Action\\ulnone :\\ul\\par\n\\pard\\ltrpar\\fi-720\\li740\\tx720\\tx1440\\expndtw-1\\ulnone A.\\tab\\expndtw0 Conduct a public hearing on the bond orders which would be authorized at the General Obligation Bond Referendum to be set for November 3, 2026,\\par\n\\pard\\ltrpar\\li740\\tx0\\tx720\\par\n\\pard\\ltrpar\\fi-720\\li740\\tx720\\tx1440\\expndtw-1 B.\\tab\\expndtw0 Adopt Bond Orders introduced for $280,000,000 of Transportation Bonds, $20,000,000 of Neighborhood Improvement Bonds, and $125,000,000 of Housing Bonds, and\\par\n\\pard\\ltrpar\\li740\\tx0\\tx720\\par\n\\pard\\ltrpar\\fi-720\\li740\\tx720\\tx1440\\expndtw-1 C.\\tab\\expndtw0 Adopt a resolution setting the General Obligation Bond Referendum for November 3, 2026.\\par\n\\pard\\ltrpar\\tx0\\cf2\\par\n\\pard\\ltrpar\\cf1\\fs26 ..Body\\b0\\fs17\\par\n\\cf0\\b\\fs20 Staff Resource(s):\\b0\\par\nMatthew Hastedt, Finance\\par\nMitali Shah, Finance\\par\n\\pard\\ltrpar\\tx0\\par\n\\pard\\ltrpar\\b Explanation \\b0\\par\n\\pard\\ltrpar\\fi-360\\li720\\tx360\\tx740\\f1\\'a7\\tab\\f0 On\\expndtw-4  \\expndtw0 June\\expndtw-4  \\expndtw0 8,\\expndtw-4  \\expndtw0 2026,\\expndtw-4  City \\expndtw0 Council\\expndtw-4  \\expndtw0 approved:\\par\n\\pard\\ltrpar\\fi-360\\li1440\\tx360\\tx740\\f2 -\\tab\\f0 The Fiscal Year (FY) 2027 Budget and FY 2027-2031 Capital Investment Plan, which includes a $425,000,000 bond referendum on November 3, 2026; and\\par\n\\pard\\ltrpar\\fi-360\\li1440\\f2 -\\tab\\f0 Resolutions authorizing staff to proceed with actions necessary to conduct a General Obligation Bond Referendum.\\par\n\\pard\\ltrpar\\fi-360\\li720\\tx360\\tx720\\f1\\'a7\\tab\\f0 On June 22, 2026, City Council:\\par\n\\pard\\ltrpar\\fi-360\\li1440\\tx360\\tx720\\f2 -\\tab\\f0 Introduced the bond orders for each of the ballot questions; and\\par\n\\pard\\ltrpar\\fi-360\\li1440\\tx360\\tx740\\f2 -\\tab\\f0 Approved a resolution setting a public hearing for each of the bond orders for the August 10, 2026, business meeting.\\par\n\\pard\\ltrpar\\fi-360\\li720\\tx360\\tx720\\f1\\'a7\\tab\\f0 The\\expndtw-6  \\expndtw0 current\\expndtw-4  \\expndtw0 action\\expndtw-4  \\expndtw0 is\\expndtw-4  \\expndtw0 the\\expndtw-4  \\expndtw0 third\\expndtw-4  \\expndtw0 of\\expndtw-4  \\expndtw0 four\\expndtw-4  \\expndtw0 City\\expndtw-4  \\expndtw0 Council\\expndtw-4  \\expndtw0 actions.\\expndtw-4  \\expndtw0 This\\expndtw-4  \\expndtw0 action\\expndtw-4  \\expndtw0 will\\expndtw-3  \\expndtw-2 specifically:\\par\n\\pard\\ltrpar\\fi-360\\li1440\\tx360\\tx720\\expndtw0\\f2 -\\tab\\f0 Hold a public hearing on each bond order;\\par\n\\pard\\ltrpar\\fi-360\\li1440\\f2 -\\tab\\f0 Adopt bond orders for $280,000,000 of Transportation Bonds, $20,000,000 of Neighborhood Improvement Bonds, and $125,000,000 of Housing Bonds; and\\par\n\\f2 -\\tab\\f0 Approve a resolution setting the bond referendum for November 3, 2026, and direct staff to publish notice of the referendum.\\par\n\\pard\\ltrpar\\tx0\\par\n\\pard\\ltrpar\\b Next Steps\\par\n\\pard\\ltrpar\\fi-360\\li720\\tx360\\tx720\\b0\\f1\\'a7\\tab\\f0 The Local Government Commission is scheduled to consider the referendum for approval at its January 2027 meeting.\\par\n\\pard\\ltrpar\\fi-360\\li720\\f1\\'a7\\tab\\f0 After November 3, 2026, City Council will be asked to adopt a resolution certifying and declaring the results of the special bond referendum. This action will occur after the Mecklenburg County Board of Elections certifies the results of the vote.\\par\n\\pard\\ltrpar\\tx360\\tx720\\par\n\\pard\\ltrpar\\b Fiscal Note\\par\n\\b0 Funding: Municipal Debt Service Fund\\par\n\\cf2\\b\\par\n\\cf1\\fs26 ..Attachments\\par\n\\cf0\\fs20 Attachment(s)\\par\n\\b0 Bond Orders\\par\nResolution setting Notice of Public Hearing\\cf2\\i\\par\n}\n"}