Agenda - 04-21-2015 - 7d - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: April 21, 2015 Action Agenda Item No. 7 -d SUBJECT: Additional Discussion on Funding School and County Capital Needs with a Potential November 2016 Bond Referendum DEPARTMENT: County Manager ATTACHMENT(S): 1) Decision Points 2) February 17, 2015 Agenda Abstract and Attachments 1 PUBLIC HEARING: (Y /N) No INFORMATION CONTACT: Bonnie Hammersley, 245 -2300 Greg Wilder, 245 -2300 PURPOSE: To further discuss potentially addressing County and School capital needs with a November 2016 Bond Referendum and provide direction to staff on next steps. BACKGROUND: In several meetings during the past year, the Board of Commissioners has discussed the possible scheduling of a bond referendum to address County and School capital needs. At the Board's January 30, 2015 Retreat, the Board directed staff to develop materials for Board consideration regarding the Board formally expressing its intent to schedule a November 2016 Bond Referendum, including a total bond amount of approximately $125 million. The Board also directed staff to move forward with development of a process for a November 2016 Bond Referendum similar to the process utilized during the County's 2001 Bond Referendum. At the Board's February 17, 2015 regular meeting, staff shared information from the 2001 Bond Referendum. One of the first actions taken by the Board of Commissioners for the 2001 Bond Referendum occurred in late 2000 /early 2001 with the establishment and appointment of members to a Capital Needs Advisory Task Force. The purpose of the Task Force was to review County and School capital needs and provide advice to the Board concerning the elements of a proposed November 2001 Orange County bond referendum. In preparation for a November 2016 Bond Referendum, staff proposed that the Board consider approving the creation of a 2015 Capital Needs Advisory Task Force. Items recommended to the County for inclusion in a 2016 Bond Referendum would be referred to the Task Force for review and prioritization along with other proposed recommendations. Staff drafted 1) a possible plan for the size and membership of the 2015 Capital Needs Advisory Task Force, and 2) a proposed charge to the proposed Task Force.