Agenda - 03-17-2011 - 1 - Laserfiche WebLink

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Capital Investment Plan — Premise: The CIP has been prepared anticipating low economic growth and recognizing the impact f • 9 g 9 9 p o the great recession on local, state and federal budgets. There are significant uncertainties surrounding the State Budget and the unknown impact on the Orange County Budget. Several recommended projects have been moved further out in the five year plan, in both recognition of the County's relative high debt service, and the impact of a slowly recovering economy. Many of the projects in the CIP include: County Facilities, Water & Sewer Utilities, Parks & Open Space, Solid Waste and Schools which rely on debt financing to fund the projects. The Board will have to consider all of the available financing options for capital projects, including a possible General Obligation Bond referendum for Public Improvements. County Capital — Highlights: The Northern Human Services Center is recommended to be deconstructed and /or demolished in FY 12/13. The County no longer occupies the facility, operating costs are high, and the estimated cost to keep the facility in good condition exceeds $2 million dollars. The current Day Care provider that occupies a part of the facility would be given one year's notice of the County's intent. The development of a campus Master Plan for the Southern Human Services Center is recommended in FY 11/12. Expansion of the facility is moved is moved to FY 15/16 with debt financing recommended as the funding source for the project. • The purchase of land for a new Southwest Branch Library is recommended in FY 11/12. Construction of the new facility is moved to FY 15/16 with debt financing recommended as the funding source for the project. A Link Center geothermal HVAC project is recommended in FY11/12 and is partially funded by ARRA grant funds that must be spent no later than December 31, 2011. The remaining components of the Community Geothermal Project, recommended for funding the following year, will serve the remaining facilities on the "East Campus ", including the Jail, District Attorney's office, Historic Courthouse, Court Street Annex, and the Government Services Annex Park and Open Space needs are addressed near the end of the CIP with several projects moved into the next five years. A General Obligation Bond referendum for Public Improvements may be needed to fund these projects. Schools Capital — Highlights: Elementary # 11 is recommended to be funded in FY 12/13, however $500,000 is recommended in FY 11/12 to fund the deconstruction of existing structures. If the State budget situation improves significantly and there are no significant cuts to education, this project can be moved forward to FY 11/12. •