Minutes 05-29-2014 - Laserfiche WebLink

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Paul Laughton said this item is outlined in attachment D. He said the CIP is a five- year plan, with the first year funding being approved. He said attachment D outlines the projects being considered for funding approval in year one, and this includes revisions highlighted in yellow. He said the largest change is the addition of the $822,000 to the Cedar Grove Community Center under the County capital projects. Special Revenue Fund(Article 46 Sa/es Tax) He noted that there are no changes to the Article 46 sales tax. Commissioner Rich asked about the Launch project. She said the lease on their building is up in 2015, and the rent is being raised. She said this may change the amount for 2015-16. Commissioner Gordon asked about the $750,000 Chapel Hill Carrboro City Schools (CHCCS) has requested for renovations for older schools to help delay the building of new schools. She asked if this is a capital item or an operating item. Michael Talbert said this is a capital item. Commissioner Gordon said she would like to see this flagged. Paul Laughton asked if she would like to see this proportionate to Orange County Schools (OCS). Commissioner Gordon said yes. She said CHCSS submitted a plan already, and she is not sure about OCS. Paul Laughton said he is not sure that OCS has approved a plan yet, but the goal was to have this before the summer. Proprietary Capital Projects - Water and Sewer Utilities Paul Laughton said the Efland Sewer Flow to Mebane accounts for the increase in the design cost. - Solid Waste Paul Laughton said this includes changes reflecting the movement of the hook lift truck, to the current year. Commissioner Gordon asked about the Eubanks Road improvements and the possibility of the town doing something at their town operations center and how this relates to economies of scale. Michael Talbert said the town board has talked about the possibility of a transfer station, but this would be at least a two year process. Michael Talbert noted that pages 108 and 109 show updates to the current debt amount for this year, as well as the general fund budget. Clarence Grier said the increase in the budget and the debt capacity adds almost $25 million in debt capacity. Chair Jacobs said it may be necessary to be more aggressive in borrowing since the capacity is there. He said if the County has the capacity, they should be discussing a bond issue of at least $100 million. He said if the goal is to expedite it to the spring primary in 2016, then the planning process needs to start soon after the Board reconvenes in the fall. Commissioner Gordon said it is good news that there is $25 million more in debt capacity. CLOSED SESSION A motion was made by Commissioner Gordon, seconded by Commissioner McKee to adjourn to a closed session at 10:11 p.m. for the purpose of: To discuss matters relating to the location or expansion of industries or other businesses in the area served by the public body, including agreement on a tentative list of economic development incentives that may be offered by the public body in negotiations. The action approving the signing of an economic development contract or commitment, or the action