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r 4 <br /> T � <br /> 088 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Ag nc a <br /> Item No. <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: September 22, 1987 <br /> SUBJECT: County Capital Policies <br /> DEPARTMENT: PUBLIC HEARING: Yes x No <br /> Manager <br /> ATTACHMENT(S): INFORMATION CONTACT: Manager, ext. 501 <br /> Orange County Capital Policies TELEPHONE NUMBER: <br /> Hillsborough - 732-8181 <br /> Chapel Hill - 968-4501 <br /> Mebane - 227-2031 <br /> Durham - 688-7331 <br /> PURPOSE: To adopt policy statements regarding capital expenditures, capital <br /> reserves, and the Five-Year Capital Improvement Program. <br /> • <br /> BACKGROUND: Various policy issues relating to capital expenditures, capital <br /> reserves, and the capital improvement program were discussed by the <br /> Board at the September 8th meeting. The decisions made by the Board <br /> are incorporated into the attached policy statements. No policy <br /> regarding the use of the Recreation Capital Reserve Fund is included <br /> at this time as the Board expressed a desire to wait until receiving <br /> the Master Park Plan before making a final decision on this issue. <br /> RECOMMENDATION(S): Adopt the attached policy statements. <br />