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<br />~a ~9~ <br />community in Chapel Hill and authorized the Manager in consultation with the. County.Attorney <br />to enter into a Development Agreement detailing the conditions of award, <br />BudgetAmendment #1 <br />The Board approved budget and capital project ordinance amendments for fiscal year 2006-07 <br />for the Health Department, Department on Aging, School Capital Projects, SportsPlex <br />Enterprise Fund, Library Services, and Orange/Chatham Justice Partnership Program. <br />h. Regional Value-Added Processing Center <br />The Board appropriated an additional $3,O1j0 for a feasibility study for an agriculture products <br />regional value-added processing center and authorized the Chair to sign the contract. <br />i. .Approval ofCounty Capital Funding Policy <br />This item was removed and placed at the end ofthe consent agenda for separate consideration. <br />L Durham Technical Community College Satellite Campus Property Ownership <br />The Board executed a Special Warranty Deedfrom Orange County to Qrange County and The <br />Trustees ofDurham Technical Community College and authorized the Chair to-sign. <br />k: Chanae in BOCC Reaular Meeting Schedule for 2007. <br />The Board amended its regular meeting calendar for the year 2007 by adding a Joint Meeting <br />with the Chatham County Commissioners on Tuesday, May 8; 2007 of the Southern Human <br />Services Center; 2501 Homestead Road, in'Chapel Hill. <br />I. Enerav'Gonservation Amendmentto Board of Counfv Commissioners Plannina <br />Principle#3' <br />This item was removed and placed at the end of the consentagenda for separate consideration. <br />VOTE ON CONSENT AGENDA:. UNANIMOUS <br />ITEMS-REMOVED FROM CONSENT AGENDA: <br />is Approval of County Capital Funding Policy. <br />intent, in the future, to present draft Capital Investment Plans in the fall. <br />Commissioner Gordon asked aboutthe interim period between when lotteryfunds-are <br />budgeted for debt service and when they are budgeted in arrears. There is a big time ,gap <br />there: <br />Donna Coffey said that in 2008-2009 the receipts deposited in fhe County's account. <br />during 2007-2008 would be budgeted. <br />Commissioner Gordon clarified that the onlyyear the proceeds would be used. fordebt <br />service is the current year. Donna Coffey said tfiatfuture years would be based on the outcome <br />of the school collaboration- meetings this summer, as to whether the schools wanted to use the <br />future fund for debt service to address renovations that have not yetbeen planned in the debt <br />issuance plans. <br />Commissioner Gordon said that she liked the idea of budgeting in arrears at first, but <br />then she thoughtabout the debt financing and the future needs and. wondered if there was a <br />way some of the money could be used. <br />Laura Blackmon said #hatthe staff gavethe Board of County Commissioners a <br />document fhat stated hat the County would: need to make up $400,000 of the $2.4 million from <br />this year. This was included in the total debtservice. <br />Commissioner Gordon is worried thaYthe money is just going to sit there for a year and <br />not be used for debt service or school renovations. <br />Laura Blackmon said that if the County draws down the money, it will have to be spent <br />that year. The proposal was to draw down the money at the end of the fiscal year. The schools <br />could use. it for renovations or for future incurreddebtservice payments for renovations. <br />Donna Coffey said thatthe money would draw interest;. <br />