Agenda - 03-03-2015 - 7d - Laserfiche WebLink

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M DRAFT Attachment 1 ORANGE COUNTY NOVEMBER 2016 BOND REFERENDUM ORANGE COUNTY BOARD OF COMMISSIONERS CHARGE TO THE CAPITAL NEEDS ADVISORY TASK FORCE The Orange County Board of Commissioners has initially indicated its intention to appoint a Capital Needs Advisory Task Force to review school and County capital needs and provide advice to the Board concerning the composition of a proposed November 2016 Orange County bond referendum. Items recommended to the County for inclusion in this possible bond issue will be referred to the Task Force for review and prioritization along with other proposed recommendations. As part of the Task Force's appointment and its efforts, the Board directs that the Task Force focus on specific criteria and utilize current policies and documents to guide its work. These parameters for Task Force work are detailed in the charge below. Upon approval of the charge, it will be delivered to the Task Force so that the members can begin reviewing the necessary information, applying the criteria, and formulating proposed recommendations to the Board of Commissioners. The Task Force will consider all recommendations and submit a prioritized list to the Board of Commissioners for consideration for bond issue. In its deliberations, the Board of Commissioners will consider the County's Finance and Administrative Services Department's initial estimate of the potential tax rate impacts from the debt service of approximately $125 million for the total bond package. The Capital Needs Advisory Task Force will be charged with the following: • Review the capital needs for new and older schools as identified by the Orange County and Chapel Hill - Carrboro City Schools • Review the capital needs identified by County departments in requests submitted for the 2015 -2020 Capital Investment Plan