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c'~~~- ~_dv:p--//~ <br />~a ~9~ °' <br />community in Chapel Hill and authorized the Manager in consultation with the:CountyAttorney <br />to ehter ihto a Development Agreement detailing the. conditions of award. <br />g; BudgeYAmendment #1 <br />The:Board approved budget ahd capital project ordinance amendmehts 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 $3,000 for a feasibility study for an agriculture products <br />regiohal 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 Community College Satellite Campus Property Ownership <br />The Board executed a Special Warranty Deed from Orange Countyto Orange County and The <br />Trustees of Durham Technical Community College and authorized the Chair to-sign. <br />k. Change in BOCC Regular 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 at the Southern Human <br />Services Center; 2501 Homestead. Road, irrChapel Hill. <br />I. Energv'Conservation Amendment to Board of County Commissioners Plannina <br />This item was removed and placed at the end of the consehtagenda for separate consideration. <br />VOTE ON CONSENT AGENDA:. UNANIMOUS <br />ITEMS REMOVED FROM CONSENT AGENDA: <br />i:Approval of County Capital Funding Policy <br />intent, in the future, to present draft Capital Investment Plans in the fall. <br />Commissioner Gordon-asked about the 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 Ehe County'saccount <br />during 2007-2008 would be budgeted. <br />Commissioner Gordon clarified that the onlyyear the proceeds would be used for debt <br />service is the currenYyear. 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 wahted to use the <br />future fund for debt service o address renovations that, have not yeYbeen 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 mohey could be used. <br />Laura Blackmon said that the staff gave the Board of Couhty Commissioners a <br />document fhat stated: that the County would. need to make up $400,000 of the $2.4 million from <br />this year, This was included in the total debt ervice. <br />Commissioner Gordon is worried thatahe 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: incurred debt service payments for rehovations. <br />Donna Coffey said. that he money would draw interesk. <br />