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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> Item No X�A <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 1, 1996 <br /> SUBJECT: Presentation of 1996-2006 Capital Improvements Plan <br /> ----------------------------------------------------------------------- <br /> DEPARTMENT Budget PUBLIC HEARING YES NO x <br /> ------------------------------- <br /> BUDGET AMENDMENT <br /> REQUIRED YES NO x <br /> -------------------------------- ------------------------------- <br /> ATTACHMENT(S) INFORMATION CONTACT <br /> 1996-2006 Recommended CIP Sally Kost, x 2151 <br /> (under separate cover) TELEPHONE NUMBER <br /> Hillsborough 732-8181 <br /> Chapel Hill 968-4501 <br /> Mebane 227-2031 <br /> Durham 688-7331 <br /> ----------------------------------------------------------------------- <br /> PURPOSE: To receive the Manager' s Recommended Capital Improvements <br /> Plan for 1996-2006 . <br /> BACKGROUND: Each Spring, the Board of Commissioners reviews an <br /> updated Capital Improvements Plan (CIP) , which upon formal adoption <br /> each year in late June, budgets funds for the most pressing capital <br /> facilities and equipment needs of the County and the two school <br /> systems . Items typically included in the CIP are construction, <br /> refurbishment, or purchases of buildings; land acquisition or <br /> improvement; and major equipment acquisition and financing. The CIP <br /> process offers the opportunity for periodic, scheduled review of long- <br /> term capital needs, and permits timely acquisition and phased financing <br /> of major assets . <br /> For many years, the CIP was based on a five year planning horizon. For <br /> the past two review cycles, the planning period has covered the next <br /> ten years . The 10 year CIP horizon is consistent with the 10 year <br /> planning period required for the new school space that is to be <br /> financed, to a significant degree, by school impact fees . This has <br /> improved the County' s ability to plan for the financing of a number of <br /> new schools needed in the next few years due to substantial annual <br /> growth in the County' s student population. <br /> Staff will make a brief report on significant aspects of the proposed <br /> 1996-2006 CIP and respond to any Commissioner comments or questions . <br /> No decisions are required at this time, although it would be helpful if <br /> the Board can identify specific elements of the proposed CIP that the <br /> Board believes will require additional research or information. Staff <br /> envisions a public hearing and further discussion and deliberation <br /> during future Commissioners ' meetings in April and May 1996 . <br />