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7 <br /> 1 <br /> 2 County Manager— Bonnie Hammersley <br /> 3 In the interest of time the County Manager will bring her presentation to a future BOCC work <br /> 4 session. <br /> 5 Team Building Exercises (DSI Comedy Club) <br /> 6 Zach Ward from the DSI Comedy Club facilitated a relationship building process with <br /> 7 Commissioners and Department Directors. Everyone in the audience was invited to observe this <br /> 8 session but they had the option to leave until lunch is over and return when the BOCC's Retreat <br /> 9 resumed. <br /> 10 <br /> 11 Funding Orange County School and County Capital Projects? <br /> 12 This session opened with a detailed presentation by staff about the two options for funding school <br /> 13 and capital projects: Bond Referendum or Using the Existing Tax Rate. Paul Laughton used the <br /> 14 following table to make his presentation. <br /> How Should Orange County Fund School and County Capital Projects? <br /> Bond Referendum Fund within Existing Tax Rate <br /> What are the challenges facing this option? What are the challenges facing this option? <br /> • Bond referenda are allowed online in even ■ Affordability and Capacity impact <br /> election years for counties (i.e. 2016, 2018, ■ Fiscally sustainable <br /> etc.) ■ Impact on current operations <br /> • General Assembly potential actions ■ Advantages and Disadvantages <br /> • Affordability and Capacity impact <br /> • Voter fatigue in wake of possible Chapel <br /> Hill bond package <br /> • Interest rate fluctuations <br /> • Impact on current operations <br /> • Advantages and Disadvantages <br /> When should the bond referendum happen? <br /> ■ May 2016 or November 2016 <br /> o Staff presents schedule impacts <br /> What process will be followed? What process will be followed? <br /> ■ Overview of the last referendum process as Included in the traditional Capital <br /> well as voting results presented by staff Investment Plan (CIP) process <br /> • Determine process parameters for o Determine process parameters for <br /> funding eligibility funding eligibility <br /> • Cost in ad dollars and time to promote o Community Input during the Budget <br /> previously Public Hearings <br /> Will there be a Bond Referendum Advisory <br /> Committee? If yes: <br /> • Composition <br /> • Appointment process for Advisory <br /> Committee members <br /> • Process for interest groups to request <br /> funds <br /> • Community Input <br /> • Public outreach responsibility <br /> Board of Orange County Commissioners Board of Orange County Commissioners <br /> (BOCC) capital projects? (BOCC) capital projects? <br /> ■ List priorities List priorities (same or different with bond) <br /> 15 <br />