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in year 6. He said this gets to a high of 19.15 percent in year 8. He said this is driven by the 3 <br /> new schools that will open between 2020 and 2024. <br /> Paul Laughton said water and sewer projects also show a debt service on page 110 of <br /> the appendices. He said the debt financing is funded through article 46 sales tax. He said <br /> there is adequate funding for debt service over the 5 year period. He said in year 4, the debt <br /> will not be covered on an annual basis, but there will be reserves set aside for this. <br /> Commissioner Gordon asked how much is set aside. <br /> Paul Laughton said right now, to get through fiscal year 2018/19, there will still be $1.8 <br /> million set aside for debt service. He said the debt service in 2018/19 is about $982,000. <br /> Commissioner Gordon said she looked at last year's CIP compared to this year. She <br /> noted that there is $9 million more in year 3, and $4 million more in year 4. She asked what <br /> drove this. <br /> Paul Laughton said one item that moved up a year was the $7.7 million for the <br /> Southern Branch Library. <br /> Commissioner Gordon asked how this is financed with these large changes. <br /> Paul Laughton said staff looks at their debt capacity and makes sure to stay under that <br /> 15 percent. He said the manager can then recommend moving projects forward based on <br /> needs, as long as the debt capacity can handle it. He said the issue will be when the schools <br /> start opening, based on SAPFO, in years 6 through 10. <br /> Jeff Thompson said there will be more discussion with the department heads at the <br /> next two meetings. He said he welcomes the opportunity to answer questions prior to the <br /> meeting on April 10tH <br /> Chair Jacobs said storm response was discussed in agenda review, and there is a <br /> report coming to the Board. He said the strategic communications group needs to talk about <br /> how the County can be a better conduit for information. <br /> Commissioner Price said she was also concerned that the shelter was closed when <br /> people were still out of power. <br /> Chair Jacobs said Piedmont Electric was not aware that the shelter had opened or <br /> closed, and he feels there needs to be a better communication plan that gives one place for all <br /> the information. <br /> A motion was made by Commissioner McKee, seconded by Commissioner Rich to <br /> adjourn the meeting at 10:23 pm. <br /> VOTE: UNANIMOUS <br /> Barry Jacobs, Chair <br /> Donna S. Baker <br /> Clerk to the Board <br />