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• Show individual annual tax rate increases that accompanied the annual expenditure increases in the General Fund since 1989 that have produced average annual growth of 8.25°l0. • Provide rough estimates of operational, maintenance, and staffing cost increases associated with the specific projects listed at the August 315` work session far possible additional debt issuance. Provide an estimate of the tax rate impacts of those anticipated budgetary increases (Attachment 2-C). • Show a 10-year planning horizon for additional debt capacity, reflecting bondlalternative financinglpay-as-you-go projects, and plugging in cost estimates for other anticipated unfunded projects (page 57). • Provide an update on the overall status of soccer field development. Rod Uisser said that the decisions that the Board will make related to this in the coming weeks in terms of debt will have a fundamental impact on the pay-as-you-go dollars available because the capital funding policies provide for debt service to be taken off the top before pay-as-you-go allocations are split out to the County and school systems. Rod Uisser asked Donna Coffey to explain the workbook and the spreadsheets, which she did. Rod Uisser made reference to blocks 6 and 7 of the spreadsheets -the anticipated origination date of financing and anticipated date of first principal and interest payment and said that this is critical to the overall decision because the staff has looked through all of the projects, the cash flaw requirements, and laid it out in such a way that when all of the projects are considered, they can fit within the County's 15°I° debt capacity, even with looking at an assumption of 7% growth. Donna Coffey made reference to pages 58-63 and the charts on the pay-as-you- go funds and the telephone surveys with other counties. Donna Coffey made reference to page 5 and the summaries and said that they have gone through the County projects and the school CIPs from last year and the SAPFO projections. The SAPFO projections identified three schools for CHCCS (elementary school, middle school, and an addition to the high school} and there are no dollar amounts attached to these yet because they would be beyond the 2008 short-term timeframe. Rod Uisser made reference to the purple sheet, which is the decision matrix and the staff recommendation about proceeding. Commissioner Gordon made reference to page 5 (Proposed Schedule of the County and School Capital Project Debt Issuances-Projects on the Horizon) and noted that cost estimates were not available for the projects. She said that she did remember that there were cost estimates for the schools. Item #2, CHCCS Elementary School #11 is $22.2 million; item #3, CHCCS Middle School #5 is $34.7 million; and the high school addition is $24.7 million. This totals $81.6 million. She asked about the library facility and Donna Coffey said that they have not developed cost estimates yet. Commissioner Gordon asked if the Town of Hillsborough has been approached to help with this library. Chair Jacobs said that he has asked the Mayor, and Hillsborough may want to help with the Heritage Center. Commissioner Gordon said that at the August 31St meeting, they were given great charts. It was helpful to have the range of borrowing capacity included in those other charts. She was trying to match the charts from August 31St and the charts from tonight. She asked for some clarification. Donna Coffey said that she did not include the borrowing range on the new spreadsheets because they were looking for direction from the County Commissioners.