Agenda - 03-15-2012 - 2 - Laserfiche WebLink

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2 The agenda abstract for the March 1, 2012 meeting included major highlights for each section of the Plan. Below are the highlights of the Sections mentioned above that were not reviewed and discussed during that meeting, but will be presented at tonight's meeting. County Capital — Highlights The County Capital section includes nine new (9) projects that were not part of the FY 2011-16 Approved CIP. The following project was the only project that was not discussed at the March 1, 2012 meeting: Joint Artificial Turf Soccer Fields — recommended in FY 2012-13; funds of $623,000 are currently available in the Twin Creeks Park project to construct artificial turf soccer fields in partnership with the Town of Chapel Hill at the Town's Cedar Falls Park. Special Revenue Projects (Article 46 Sales Tax Proceeds) — Highlights The Special Revenue section includes anticipated revenue of $2,500,000 annually, with 50% of the proceeds for Economic Development initiatives, and 50% for Education (allocated by the average daily membership (ADM) count of the two school districts). In FY 2011-12, proceeds are estimated at one-fourth of the annual amount, for a total of $625,000. A summary is provided within the Special Revenue Projects section of the document listing the recommended uses of these proceeds. Proprietary Projects — Highlights Water & Sewer Utilities — Year 1 reflects inclusion of the McGowan Creek Pump Station rehabilitation project costs ($725,000) in the Central Efland/North Buckhorn Sewer Expansion project in order to take advantage of remaining State Revolving Loan funds. Solid Waste — includes recommended funds of $3.1 million to close the Municipal Solid Waste (MSW) Landfill in FY 2012-13, and establishes a separate Construction & Demolition (C & D) Landfill project from this point forward. It also provides for the delay of purchasing 18,970 Urban curbside carts until FY 2013-14 and begins the purchase of 13,000 Rural curbside carts over a three-year period from FY 2012-13 through FY 2014-15. Sportsplex — Funding is recommended in FY 2014-15 for a Mezzanine addition at the pool area to include dedicated member change areas, lockers, and workout rooms. Funding is also recommended in FY 2015-16 for the addition of a Mezzanine in the ice rink to provide additional fitness space, a dedicated group cycling area, and an advanced group training center, as well as funding of a new Children's Activity Center to expand the After School and Summer Camp programs. Appendices — Highlights County Debt Service and Debt Capacity — Based on the Manager's recommended funding, the County's annual debt service as a percent of the General Fund budget would remain under 15% until FY 2016-17, when it would reach 15.35%. Note: An additional summary is provided in the Appendices section which reflects the debt service percent if all the Recommended and the Requested, but Unfunded, projects were included during the FY 2012-17 CIP period. This would increase the percentage to 16.97% in FY 2016-17, and would approach 20% by FY 2017-18.