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2 <br />other hand, there may be projects that are currently included on the list that the Board may <br />wish to remove until receiving additional information. <br />Due to required timing for preparation and dissemination of Board meeting agendas, this <br />abstract is being prepared in advance of the February 7 work session. Presentation of <br />materials requested and direction provided by the Board on February 7, may necessitate <br />staff to present new materials at the February 12 work session. <br />FINANCIAL IMPACT: Unfunded County and School capital needs with price tags of $5 <br />million or more total $293.4 million. It is important to note that this amount reflects capital <br />infrastructure costs only and does not include annual operating and staffing costs required <br />once projects are completed. <br />The County's cumulative borrowing capacity between 2009-10 and 2017-18 ranges <br />between $364.5 million and $375 million. The anticipated collective debt service, assuming <br />a 6 percent annual interest rate for 20 years, for issuances of this size would be in the <br />neighborhood of $32 million annually and equate to about 17.3 cents on the tax rate. <br />RECOMMENDATION(S): The Manager recommends that the Board of County <br />Commissioners continue discussions regarding the unfunded portions of the County's 2008- <br />18 Capital Investment Plan and plan for next steps that will lead to Board adoption of the <br />CIP including approval of the capital budgets for County and Schools' capital project <br />ordinances on March 18, 2008. <br />