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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 21, 2016 <br /> Action Agenda <br /> Item No. 7-b <br /> SUBJECT: Approval of the Five-Year Capital Investment Plan and Approval of the Orange <br /> County CIP Projects of$68,533,166 for FY2016-17 <br /> DEPARTMENT: County Manager and Finance <br /> and Administrative Services <br /> ATTACHMENTS: INFORMATION CONTACT: <br /> 1. FY2016-17 Capital Investment Plan Bonnie Hammersley, (919) 245-2300 <br /> Overall Summary Travis Myren, (919) 245-2308 <br /> 2. Year 1 (FY 2016-17) Approved CIP Gary Donaldson, (919) 245-2453 <br /> Projects Paul Laughton, (919) 245-2152 <br /> 3. County Capital Approved FY 2016- <br /> 17 CIP Projects <br /> 4. School Capital Approved FY 2016- <br /> 17 CIP Projects <br /> PURPOSE: To approve the FY2016-21 Orange County Five-Year Capital Investment Plan, and <br /> approve the Orange County CIP Projects of$68,533,166 for FY2016-17. <br /> BACKGROUND: For over 20 years, the County has produced a Capital Investment Plan (CIP) <br /> that establishes a budget planning guide related to capital needs for the County as well as <br /> Schools. The current CIP consists of a 5-year plan that is evaluated annually to include year-to- <br /> year changes in priorities, needs, and available resources. Approval of the CIP commits the <br /> County to the first year funding only of the capital projects; all other years are used as a <br /> planning tool and serves as a financial plan. <br /> Capital Investment Plan — Overview <br /> The FY2016-21 CIP includes County Projects, School Projects, and Proprietary Projects. The <br /> School Projects include Chapel Hill Carrboro City Schools, Orange County Schools, and <br /> Durham Technical Community College — Orange County Campus projects. The Proprietary <br /> Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. <br /> The CIP has been prepared anticipating continued slow economic growth of between 1-2% <br /> annually over the next five years. Many of the projects in the CIP will rely on debt financing to <br /> fund the projects. <br /> Attachment 1 is the FY2016-21 Capital Investment Plan Overall Summary (individual projects <br /> were provided to the Board of County Commissioners at previous work sessions, and revised <br /> projects presented and discussed at the June 16, 2016 budget work session. <br /> Attachment 2 lists the overall Orange County CIP projects of$68,533,166 in FY2016-17. <br />