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<br />community in Chapel Hill and authorized the Manager in consultation with the County Attorney <br />to enter into a Development Agreement detailing the conditions of award. <br />g_ Budget Amendment #1 <br />The Board approved budget and capital project ordinance amendments for fiscal year 2006-07 <br />for the Health Department, Department on Aging, School Capital Projects, SportsPlex <br />Enterprise Fund, Library Services, and OrangelChatham Justice Partnership Program. <br />h. Regional Value-Added Processing Center <br />The Board appropriated an additional $3,000 for a feasibility study for an agriculture products <br />regional value-added processing center and authorized the Chair to sign the contract. <br />i. Approval of County Capital Funding Policy <br />This item was removed and placed at the end of the consent agenda for separate consideration. <br />L Durham Technical Community College Satellite Campus Property Ownership <br />The Board executed a Special Warranty Deed from Orange County to Orange County and The <br />Trustees of Durham Technical Community College and authorized the Chair to sign. <br />k. Chance in BOCC Regular Meeting Schedule for 2007 <br />The Board amended its regular meeting calendar for the year 2007 by adding a Joint Meeting <br />with the Chatham County Commissioners on Tuesday, May 8, 2007 at the Southern Human <br />Services Center, 2501 Homestead Road, in Chapel Hill. <br />I. Eneray Conservation Amendment to Board of Countv Commissioners Planning <br />Principle #3 <br />This item was removed and placed at the end of the consent agenda for separate consideration. <br />VOTE ON CONSENT AGENDA: UNANIMOUS <br />ITEMS REMOVED FROM CONSENT AGENDA: <br />i. Approval of Countv Capital Funding Policy <br />intent, in the future, to present draft Capital Investment Plans in the fall. <br />Commissioner Gordon asked about the interim period between when lottery funds are <br />budgeted for debt service and when they are budgeted in arrears. There is a big time gap <br />there. <br />Donna Coffey said that in 2008-2009 the receipts deposited in the County's account <br />during 2007-2008 would be budgeted. <br />Commissioner Gordon clarified that the only year the proceeds would be used for debt <br />service is the current year. Donna Coffey said that future years would be based on the outcome <br />of the school collaboration meetings this summer, as to whether the schools wanted to use the <br />future fund for debt service to address renovations that have not yet been planned in the debt <br />issuance plans. <br />Commissioner Gordan said that she liked the idea of budgeting in arrears at first, but <br />then she thought about the debt financing and the future needs and wondered if there was a <br />way some of the money could be used. <br />Laura Blackmon said that the staff gave the Board of County Commissioners a <br />document that stated that the County would need to make up $400,000 of the $2.4 million from <br />this year. This was included in the total debt service. <br />Commissioner Gordan is worried that the money is just going to sit there far a year and <br />not be used for debt service or school renovations. <br />Laura Blackmon said that if the County draws down the money, it will have to be spent <br />that year. The proposal was to draw down the money at the end of the fiscal year. The schools <br />could use it for renovations or far future incurred debt service payments for renovations. <br />Donna Coffey said that the money would draw interest. <br />