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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> Item No VIE-C_ <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: March 8, 1993 <br /> SUBJECT: 1993-98 Manager's Recommended CIP <br /> DEPARTMENT County Manager/Budget PUBLIC HEARING YES NO X <br /> ATTACHMENT(S) INFORMATION CONTACT <br /> Manager's Recommended CIP Budget Office, ext 2152 <br /> (under separate cover) County Manager, ext 2300 <br /> TELEPHONE NUMBER <br /> Hillsborough 732-8181 <br /> Chapel Hill 968-4501 <br /> Mebane 227-2031 <br /> Durham 688-7331 <br /> PURPOSE: To receive the County Manager' s Recommended 1993-98 Capital <br /> Improvement Plan. <br /> BACKGROUND: Each year, the County Commissioners discuss and then adopt <br /> a five year Capital Improvement Plan that is designed to plan, budget, <br /> and account for long-lived assets that involve large expenditures, <br /> often extended over multi-year periods. Items typically included in <br /> the CIP are construction, refurbishment, or purchases of buildings; <br /> land acquisition or improvement; and major equipment acquisition and <br /> financing. The CIP process offers the opportunity for periodic, <br /> scheduled review of long-term capital needs, and permits timely <br /> acquisition and phased financing of major assets. <br /> Staff will make a brief report on significant aspects of the proposed <br /> 1993-98 CIP and respond to any Commissioner comments or questions. No <br /> decisions are required at this time, as a public hearing and further <br /> discussion and deliberation are planned for subsequent meetings of the <br /> Board of Commissioners. <br /> RECOMMENDATION: The Manager recommends that the Board receive the <br /> report for information only at this time. <br />