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at-risk youth to employment sites and to other services and enrichment activities, and <br /> approved Budget Amendment#2-B. <br /> 7. Regular Agenda <br /> a. Additional Discussion Regarding a November 2016 Bond Referendum and <br /> Possible Consideration of a Preliminary Resolution To Set Bond Purposes and <br /> Amounts <br /> The Board continued a discussion regarding a November 2016 Bond Referendum and <br /> considered adopting a preliminary resolution to set bond purposes and amounts. <br /> Chair McKee referred this item to Bonnie Hammersley. <br /> Bonnie Hammersley referred the Commissioners to the memorandum on the CIP. She <br /> introduced the Bond Counsel Bob Jessup. <br /> Bob Jessup said this evening is another procedural step toward putting a bond on the <br /> ballot in November 2016. <br /> Bob Jessup gave an overview of process, saying there are five steps: <br /> 1) Preliminary resolution <br /> 2) Set maximum parameters <br /> 3) Purposes and maximum amounts <br /> 4) LGC application <br /> 5) Public hearing <br /> He said after these five steps there would be a final vote and a resolution setting the <br /> referendum details. He said currently the November 2016 election date is being considered <br /> Commissioner Jacobs asked if the Manager could please elaborate on the memo at the <br /> Commissioners' places. <br /> Bonnie Hammersley said the CIP is a 10-year plan, and she referenced the memo <br /> below: <br /> MEMORANDUM <br /> October 6, 2015 <br /> TO: Board of Orange County Commissioners <br /> FROM: Bonnie Hammersley, Orange County Manager <br /> RE: Capital Investment Plan (CIP) Related to Bond Referendum Discussion <br /> As part of the bond referendum discussions, Commissioners have asked about alternative <br /> financing packages that express the priorities of the Board of Orange County Commissioners <br /> while maintaining an overall bond amount of$125 million. <br /> Tonight, the Board of Orange County Commissioners (BOCC) will consider a resolution that <br /> establishes the maximum bond referendum amount and the purposes for which those bonds <br /> may be used. In addition to this financing mechanism, the Board may also consider amending <br /> the Capital Investment Plan (CIP) to address the needs that have been emphasized during the <br /> bond discussion. <br /> The CIP is a ten (10) year plan, with the first five (5) year projects with specific detail <br /> information and the remaining five (5) years (out years) with less detailed information about the <br />