Orange County NC Website
Browse       Search
2 1 <br />4. Funding for the Mebane Economic Development District Phase 2, concept plan and <br />design approved in concept by BOCC on i/21/10 <br />U <br />A CIP will be presented to the BOCC in the Fall of 2010. Several changes recommended <br />making the plan sustainable and a true Capital Investment Plan without routine maintenance <br />and repair projects. <br />1. Adopt a Five Year Capital Investment Plan. <br />This gives the BOCC greater flexibility to change long -term strategies when funding <br />sources or capital priorities change. <br />2. Change the minimum amount for a CIP project from $30,000 to $100,000. <br />3. Eliminate Maintenance and Repair items from the CIP. <br />These items should be budgeted in an operating budget on an annual basis to keep all <br />County Facilities in excellent condition. <br />4. Eliminate Reserve projects from the CIP. <br />These funds should be accumulated the County Capital Reserve Fund. <br />• <br />FINANCIAL IMPACT: There is $300,000 transferred from the General Fund to the County <br />Capital Fund. A total of $400,000 is being appropriated from the County Capital Fund Balance <br />from projects closed out in June 2010. <br />RECOMMENDATION(S): The Manager recommends the approval of the first year of the <br />County Capital Investment Plan (CIP), and requests you provide direction to staff regarding any <br />changes to the content and format of CIP. <br />• <br />