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He said that the County should not borrow much more money than it has already planned to borrow. He said that the County could also delay certain aspects of parks and housing in terms of scheduling. Commissioner Halkiotis said that he agrees with Chair Jacobs in that he will not vote for anything that will delay any mare County projects far as long as they have been delayed. He does not see a problem with being creative with funding projects. Continuation of presentation Commissioner Halkiotis made reference to page 7 and the EMS Facility and said that he remembers Nick Waters telling him that the County lost 7-8,000 landline connections within the County over the last couple of years because people are using cell phones. He asked if the County was still getting 50 cents from cell phones and Rod Visser said that some of it goes to the State and then it is allocated to the counties. He will check on the specifics. Continuation of presentation, Commissioner Halkiotis asked about the 1977 bonds and what was left. Rod Visser said that the bonds are all paid off. Commissioner Halkiotis asked for an explanation of the bullet that states, "$800,000 -amount equivalent to debt service payments far retired 1977 bonds." It was answered that $800,000 is still going in to fund capital projects. The capital funding policy has not been changed, so this provision is still in there. Commissioner Halkiotis said that every time there is an election in the County, people throw this up that the County is still paying an the 1977 bonds. He asked that some definitive statements be written about this. Chair Jacobs said that maybe the Chair and Manager could look at this and clean up these loose ends. Gontinuation of presentation, Commissioner Brown asked about retiring debt service and Donna Dean said that it means the County keeps the money to pay the debt. Commissioner Brown asked who decides how this will be used. Donna Dean said that the schools are using the school construction impact fees, but this has been used to build new seats. Regarding the public school building funds, debt is being retired with it, but the amount is being replaced by an amount from the general fund. Finance Director Ken Chaviaus said that the reason they decided to allocate the public school building funds to pay debt service was because there was a pot of money the government was after. Donna Dean said that two years ago the State took the public school building fund money, but there were 12 counties that received theirs because they had it dedicated to retire the debt service. In answer to a question from Commissioner Carey about the "hold harmless" funds, Rod Visser said that the origin of this provision was that back in 1996, they decided to use a portion of sales tax money to cover some of the debt to make it more manageable. This is how they got to option 5b. Some of the earlier options were not palatable to the OCS, because they would have lost some capital funding compared to what they had before. This provision was put into place to attempt to hold harmless the OCS when the 1997 bond-funding plan was put together. Commissioner Halkiotis said that this is important and he thinks that there is probably not one person on the school board that knows about this provision. It is important far people to understand the history. Continuation of presentation. Commissioner Brown made reference to debt service and asked if this was applicable to CHCCS also (referring to OCS being responsible for funding, directly from their pay-as-you-go capital allocations, the portion of the cost of Cedar Ridge High School beyond the $12.5 million bonds approved by voters for that school in November 1997.) Rod Visser said that this dates back to this particular bond referendum and the CHCCS high school was not listed as one of the intended projects. This was an agreement between OCS and the County.