Agenda - 02-17-2015 - 6a - Laserfiche WebLink

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40 1 Paul Laughton asked if she would like to see this proportionate to Orange County 2 Schools (OCS). 3 Commissioner Gordon said yes. She said CHCSS submitted a plan already, and she is 4 not sure about OCS. 5 Paul Laughton said he is not sure that OCS has approved a plan yet, but the goal was to 6 have this before the summer. 7 8 Proprietary Capital Projects 9 - Water and Sewer Utilities 10 Paul Laughton said the Efland Sewer Flow to Mebane accounts for the increase in the 11 design cost. 12 13 - Solid Waste 14 Paul Laughton said this includes changes reflecting the movement of the hook lift truck, 15 to the current year. 16 Commissioner Gordon asked about the Eubanks Road improvements and the possibility 17 of the town doing something at their town operations center and how this relates to economies 18 of scale. 19 Michael Talbert said the town board has talked about the possibility of a transfer station, 20 but this would be at least a two year process. 21 Michael Talbert noted that pages 108 and 109 show updates to the current debt amount 22 for this year, as well as the general fund budget. 23 Clarence Grier said the increase in the budget and the debt capacity adds almost $25 24 million in debt capacity. 25 Chair Jacobs said it may be necessary to be more aggressive in borrowing since the 26 capacity is there. He said if the County has the capacity, they should be discussing a bond 27 issue of at least$100 million. He said if the goal is to expedite it to the spring primary in 2016, 28 then the planning process needs to start soon after the Board reconvenes in the fall. 29 Commissioner Gordon said it is good news that there is $25 million more in debt 30 capacity. 31 32 CLOSED SESSION 33 A motion was made by Commissioner Gordon, seconded by Commissioner McKee to 34 adjourn to a closed session at 10:11 p.m. for the purpose of: 35 36 To discuss matters relating to the location or expansion of industries or other businesses in the 37 area served by the public body, including agreement on a tentative list of economic 38 development incentives that may be offered by the public body in negotiations. The action 39 approving the signing of an economic development contract or commitment, or the action 40 authorizing the payment of economic development expenditures, shall be taken in an open 41 session. 42 § 143-318.11(a)(4). 43 44 VOTE: UNANIMOUS 45 RECONVENE INTO REGULAR SESSION 46 A motion was made by Commissioner Gordon, seconded by Commissioner Rich to 47 reconvene to regular session at 10:48PM. 48 49 VOTE: UNANIMOUS 50 51 ADJOURNMENT