Agenda - 09-16-2014 - 6a - Laserfiche WebLink

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I Chair Jacobs said the lack of specific connection has been a gap in the advisory board 2 structure. He appreciates the appointees who came tonight, and he thanked them for their 3 service. 4 5 2. To continue review and discussion of the Manager's Recommended FY 2014 -19 6 Capital Investment Plan (CIP) 7 Chair Jacobs noted that Commissioner Rich has a work conflict tonight and would be 8 unable to attend. 9 10 The FY 2014 -19 CIP includes County Projects, School Projects, Proprietary Projects, 11 and Special Revenue Projects. The Proprietary Projects include Water and Sewer, Solid Waste 12 Enterprise Fund, and Sportsplex projects. The Special Revenue Projects include Economic 13 Development and School related projects funded from the Article 46 (1/4 cent) Sales Tax 14 proceeds. The Article 46 Sales Tax was approved by the voters in the November 2011 election, 15 and became effective April 1, 2012. Attachment B reflects a comparison by Function of the 16 Manager's Recommended FY 2014 -19 CIP with the FY 2013 -18 and FY 2012 -17 Capital 17 Investment Plans. 18 The CIP has been prepared anticipating continued slow economic growth of between 1 -2% 19 annually over the next five years. Many of the projects in the CIP will rely on debt financing to 20 fund the projects. 21 22 Michael Talbert noted that there is a chart at the Commissioner's places regarding the 23 decline in lottery and ADM funds. He said this is relevant given the school needs in front of 24 them. He said this shows how the funding from the state in regards to available capital funds 25 has gone down over the past 7 years. He said the ADM funds have gone away completely, and 26 the lottery proceeds have been substantially reduced to $1.3 million, but the County's capital 27 needs have not gone down. 28 29 Schools: 30 Paul Laughton said this is a continued review and discussion of the CIP. He said 31 schools are being discussed first because of the reduction in lottery and ADM funds, and both 32 school systems have representatives here tonight. He said this is in the last tab of the CIP 33 binder, and he reviewed the summary chart on page 91. 34 He said pay as you go funds remain the same as 2013 -14, and the lottery proceeds are 35 the estimated numbers provided by the state. He said pay as you go funds are estimated to 36 increase 1.5 percent per year, and lottery funds will stay flat. He said there are no new debt 37 projects until 2017 -18. 38 Paul Laughton said School Adequate Public Facilities Ordinance ( SAPFO) capacity 39 numbers are used in determining new schools construction and additions. He said there is 40 some funding starting for middle school 5 in year 4, but no schools are scheduled to open until 41 years 6 -10. He said middle school 5 is actually moved back 3 years from the current CIP to 42 open in 2021, and this is due to the addition of the Culbreth science wing. He said elementary 43 12 moves up one year to 2012, and the Carrboro High School additions move back 3 years to 44 open in 2023 -24. 45 Paul Laughton said for Orange County Schools (OCS), Cedar Ridge High School 46 classroom additions move to 2022 -23. He said OCS has expressed concern about growth in 47 the Mebane area, as Mebane is not a partner in the SAPFO numbers. He said this was left as 48 a discussion point for the past years, but this year the SAPFO numbers have been considered, 49 and that moves this to 2023. 50 He said Elementary number 8 for OCS will open in 23 -24.