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v8� <br />emergency services training center, the estimated aggregate cost of which is approximately <br />$18,000,000 and (ii) acquire, construct, renovate, expand, improve and equip various community <br />college facilities for the Community College, including, without limitation, expansion and <br />renovation of the civic center and renovation of a building to be used as a business incubator, the <br />estimated aggregate cost of which is approximately $5,000,000. <br />(b) The Community College has demonstrated the need for providing such community <br />college facilities improvements. <br />(c) The Board wishes to commence the procedures for the authorization of community <br />college bonds to finance such capital projects. <br />(d) The capital projects to be funded by the proposed bonds are necessary and expedient, <br />and the amount of proposed bonds is adequate and not excessive to fund said capital projects. <br />(e) The debt management and the budgetary and fiscal management policies of the <br />County have been carried out in compliance with applicable law. <br />(f) The increase in taxes, if any, necessary to service the proposed debt will not be <br />excessive. <br />Section 2. The County Manager and the Finance Director of the County are each hereby <br />authorized and directed to file an application of the County with the North Carolina Local <br />Government Commission for approval of not exceeding $18,000,000 Community College Bonds <br />of the County for the purposes described in Section 1(a)(i) above and not exceeding $5,000,000 <br />Community College Bonds of the County for the purposes described in Section 1(a)(ii) above. <br />The Clerk to the Board is hereby authorized to publish a notice of intent to file such application <br />in the manner provided by law, and any action heretofore taken to publish such notice is hereby <br />approved, ratified and confirmed. <br />2 <br />