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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: March 17, 1998 <br />Action Agenda <br />Item No. ~a_ <br />SUBJECT: 1998-2008 Manager's Recommended Capital Investment Plan <br />DEPARTMENT: Budget Office PUBLIC HEARING: (Y/N) No <br />BUDGET AMENDMENT: (Y/N) Na <br />ATTACHMENT(S): <br />Manager's Recommended Capital Investment <br />Plan (available 3/16/98) <br />INFORMATION CONTACT: <br />Donna Dean, Budget Director extension 2151 <br />County Manager's Office extension 2300 <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968-4501 <br />Durham 688-7331 <br />Mebane 227-2031 <br />PURPOSE: To receive the County Manager's Recommended 1998-2008 Capital Investment Plan. <br />BACKGROUND: Each year, the County Manager and staff update the County's ten-year Capital <br />Investment Plan (CIP). The CIP is a multi-year plan that addresses County and school needs for <br />long-lived assets. Items typically included in the CIP are construction, refurbishment, or purchases <br />of buildings; land acquisition or improvement; and major equipment and vehicle acquisition and <br />financing. This process offers an opportunity to review long-term capital needs and enables timely <br />acquisition and phased financing of major assets. <br />CIP documents will be hand delivered to the Board on Monday, March 16. Staff will make a brief <br />presentation on significant aspects of the proposed 1998-2008 CIP at the March 17 meeting and <br />respond to any Commissioner comments or questions. The Board is not expected to make any <br />decisions on project allocations at this meeting. <br />The Manager proposes that the Commissioners set a public hearing date of April 7, 1998 to receive <br />citizen comments on the CIP. The Chair and Manager suggest that the Board consider further <br />review and discussion of the CIP at the work session scheduled for March 31. Further discussion <br />could occur at the April 14 work session; deliberation and decisions on adoption of the 1998-2008 <br />CIP should occur in late April or May. <br />RECOMMENDATION(S): The Manager recommends that the Board receive this report for <br />information only at this time, and set the public hearing date as noted above. <br />