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BK:00026 PG <br />approximately $5,000,000, (iii) expand and renovate the emergency services training center and <br />various other main campus facilities, the estimated cost of which is $4,000,000 and (iv) expand <br />and renovate the civic center and an existing building to be used as a business incubator, the <br />estimated cost of which is approximately $5,000,000. <br />(b) The Community College has presented information supporting the need for providing <br />such community 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. It is expected that any increase in property taxes will not exceed (i) 1.0 cent per one <br />hundred dollars ($100) of the assessed value of property subject to taxation by the County for the <br />purpose of financing the new health science building, (ii) 0.75 cent per one hundred dollars <br />($100) of the assessed value of property subject to taxation by the County for the purpose of <br />financing the expansion and renovation of the veterinary medical technology facility, (iii) 0.50 <br />cent per one hundred dollars ($100) of the assessed value of property subject to taxation by the <br />County for the purpose of financing the expansion and renovation of the emergency services <br />training center and various other main campus facilities and (iv) 0.75 cent per one hundred <br />dollars ($100) of the assessed value of property subject to taxation by the County for the purpose <br />of financing the expansion and renovation of the civic center and an existing building to be used <br />as a business incubator. If all the proposed bonds are issued, it is expected that any increase in <br />2 <br />