Minutes 10-06-2015 - Laserfiche WebLink

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per year, at a minimum, be committed from the Annual Operating Budget to affordable housing which may be used for non-capital needs for at least the next five years. Commissioner Rich asked if more than $1 million could be spent. Commissioner Price said yes, that is why the motion says "at a minimum". Chair McKee says the motion sets a minimum figure for schools and affordable housing funding from the CIP. Commissioner Rich asked if the funds would be split 40-60 between OCS and CHCCS. Chair McKee said yes, which roughly equates to A.D.M. Commissioner Rich asked if these percentages only apply to the CIP funds and not the bond funds. Commissioner Price said yes. Chair McKee clarified that the $1 million for affordable housing is an approximately $200,000 increase from the current CIP budget for affordable housing and is not an additional $1 million. Commissioner Rich said affordable housing currently receives $820,000, and asked if the proposal is to raise that to total $1 million, not to add an additional $1 million. Chair McKee said yes. Commissioner Price said this is at a minimum. Commissioner Jacobs said the $820,000 is for more than deferring impact fees. He asked if there is a reason that the motion says "at least" $1 million for schools, when the goal was to bring the total for schools to $125 million, when combined with bond funds. He said more than $1 million should not be needed because $125 million total was the goal. Commissioner Jacobs said it is a given that the schools will need more. He said the schools could come back and ask for more money. Chair McKee clarified that Commissioner Jacobs is requesting to remove the "at a minimum" wording as it pertains to the schools. John Roberts said the ADM is not exactly a 40-60 split. He suggested that the wording should be "per A.D.M." which would allow for annual fluctuations. A second motion was made by Commissioner Price, seconded by Commissioner Jacobs to put $1,000,000 per year to be committed from the Capital Investment Plan to schools to be divided per A.D.M. between the two school districts, Orange County Schools and Chapel Hill-Carrboro City Schools, respectively, for at least the next five years; and $1,000,000 per year, at a minimum, be committed from the Annual Operating Budget to affordable housing which may be used for non-capital needs for at least the next five years. VOTE: UNANIMOUS. A motion was made by Commissioner Jacobs, seconded by Commissioner Dorosin that to consider the likelihood we will face another bond issue in the near future to address schools and other community needs, the Board consider, no later than our retreat adopting a formalized, open and inclusive process for fashioning a bond package that is aligned with Commissioners' goal number two, promote an interactive and transparent system of governance that reflects community values. VOTE: UNANIMOUS Five minute break