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c9e~~ -~e~e~;'-d/G> <br />~~~ ~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 />g; Budget Amendment #1 <br />The Board approved budget and capital project ordinance amendments for fiscal year 2006-07 <br />forthe Health Department, Department on Aging; School Capital Projects, SportsPlex <br />Enterprise Fund, Library Services, and OrangelChatham Justice Partnership Program. <br />h, Regional Value-Added Processing Center <br />The Board appropriated an additional $3,000 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 of County Capital Funding Policy <br />This item was removed and placed at the end of the consent agenda for separate consideration. <br />L Durham Technical Communitv:GollegeSgtellite Campus Property Ownership <br />The Board executed-a Special VNarranty Deed from Orange Countyto Orange County and The <br />Trustees ofDurham Technical Community College and authorized the Chair to sign. <br />k. Change in BOCCReaular Meeting Schedule for 2007 <br />The Board amended its regular meeting calendar forthe year 2007 by adding a Joint Meeting <br />with the Chatham County Commissioners on Tuesday, May 8; 2007 at the Southern-Human <br />Services Center; 2501 Homestead. Road, irrChapel Hill. <br />I. Energv'Gonservation Amendmentto Board of County Commissioners Planning <br />Principle#3' <br />This item was removed and placed at tfie end of the consent agenda 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, irrthe future, fo present draft Capital Investment Plans in the fall. <br />Commissioner Gordon asked abouttne 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 the County's account. <br />during 2007-2008 would be budgeted. <br />Commissioner Gordon clarified that the only year the proceeds would be used for debt <br />service is the currentyear: Donna Coffey said that future 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 yet been 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 thoughYabout 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 that the staff gave the Board of County Commissioners a <br />document that stated'that the County would. need to make up $400,000 of he $2.4 million from <br />this year_ This was included in the total debtservice: <br />Commissioner Gordon is worried thatahe moneyis 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 incurred debt service payments for renovations. <br />Donna Coffey said thatfhe money would draw interest: <br />