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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> Item No VLQ-B <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 20, 1993 <br /> SUBJECT: 1993-98 Capital Improvements Plan <br /> DEPARTMENT County Manager/Budget PUBLIC HEARING YES NO X <br /> ATTACHMENT(S) INFORMATION CONTACT <br /> Sample Impact Fee Tables Sally Kost, ext 2151 <br /> (under separate cover) Rod Visser, 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 confirm direction from the Board from the April 5 meeting <br /> concerning the 1993-98 CIP and to discuss the possible use of proceeds <br /> from impact fees for school capital needs. <br /> BACKGROUND: With regard to the Recommended 1993-98 Capital <br /> Improvements Plan, staff has the following understandings about <br /> decisions made at the April 5 meeting: <br /> ( 1 ) the projects proposed by the two school systems and recommended <br /> by the County Manager are approved based on the pay-as-you-go <br /> (PAYG) funding allocations reflected on pages 6 and 12 of the CIP <br /> document. <br /> (2 ) a portion of projected PAYG revenues are earmarked to a reserve <br /> fund, as outlined on page D-1, for future use by the school systems in <br /> addressing emerging space needs - details about the use of these funds <br /> will be worked out during joint discussions among the three elected <br /> boards. <br /> ( 3) a reserve account that would accumulate $1.5 million by 1997-98 for <br /> a swimming pool facility, as outlined on page 52 of the CIP document, <br /> is approved. <br /> (4 ) other projects recommended by the Manager have tentative approval, <br /> with the understanding that further discussion about the Energy <br /> Retrofitting project (and any other projects the Board may identify) <br /> will take place during a subsequent regular Board meeting or budget <br /> worksession. <br /> At the April 5 meeting, the Board also requested that staff provide <br /> information about the possible revenue streams that could be generated <br /> for new school capital needs from various levels of school impact fees. <br /> At the April 20 meeting, Budget Director Sally Kost will provide and <br /> explain several examples for school capital funding involving the <br /> possible use of school impact fees. <br />