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APPROVED 10!1712006 <br />MINUTES <br />ORANGE COUNTY BOARD OF COMMISSIONERS <br />WORK SESSION <br />September 14, 2006 <br />7:30 p.m. <br />The Orange County Board of Commissioners met far a Work Session on Thursday, <br />September 14, 2006 at 7:30 p.m. at the Government Services Center in Hillsborough, <br />North Carolina. <br />COUNTY COMMISSIONERS PRESENT: Chair Barry Jacobs and Commissioners <br />Moses Carey, Jr., Valerie P. Foushee, Alice M. Gordon, and Stephen H. Halkiotis <br />COUNTY COMMISSIONERS ABSENT: <br />COUNTY ATTORNEYS PRESENT: Geof Gledhill <br />COUNTY STAFF PRESENT: Interim County Manager Rod Visser and Clerk to the <br />Board Donna Baker (All other staff members will be identified appropriately below) <br />NOTE: ALL DOCUMENTS REFERRED TO IN THESE MINUTES ARE IN THE <br />PERMANENT AGENDA FILE IN THE CLERK'S OFFICE. ALL RECORDINGS OF THE <br />MEETINGS ARE KEPT FOR FIVE YEARS. <br />(NOTE: BOCC Meeting with Social Services Board at 5:30 preceding this work session.) <br />Chair Jacobs said that the report on the LEP would have to be postponed <br />because Milan Pham is ill and could not attend. He said that the primary purpose of this <br />meeting is to resolve the capital and debt related matters that were dealt with at the <br />August 31St work session. Staff has brought back information to the Board. <br />1. Capital and Debt Related Matters <br />Commissioner Carey asked what they were supposed to accomplish tonight. <br />Chair Jacobs made reference to the purple sheet and said that the Board should <br />decide what projects in which there is agreement, the plans for the projects (i.e., what <br />they have agreed to do, what needs to be done immediately, and what they need to <br />have more information about}, and what assumptions they accept as far as proceeding <br />with the debt capacity. <br />Rod Visser said that there are two major pieces: what the Board of County <br />Commissioners asked for and what the staff developed. He does not think that the staff <br />got everything that the Board wanted, but they got a good start on it. He went through <br />the additional information points as listed on the abstract, as follows: <br />• An assumption of the 9% annual growth in the General Fund is too high. <br />Focus debt capacity calculations on a 7% annual growth assumption. <br />Consider an S°~ growth assumption option as well. <br />• Some preference was expressed not to exceed the current BOCC policy <br />limiting debt service payments to 15°~ of General Fund expenditures. <br />However, staff will solicit information from additional jurisdictions about <br />established debt capacity ceilings, any examples of exceeding those, and <br />circumstances involved (if applicable). <br />