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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 6, 2017 <br /> Action Agenda <br /> Item No. 1 <br /> SUBJECT: Discussion of Manager's Recommended FY 2017-22 Capital Investment Plan <br /> (CIP) <br /> DEPARTMENT: County Manager and Finance and Administrative Services <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Bonnie Hammersley, (919) 245- <br /> Previously Provided Under Separate 2300 <br /> Cover—Also Available Online: Travis Myren, (919) 245-2308 <br /> Manager Recommended FY2017-22 Gary Donaldson, (919) 245-2453 <br /> County Capital Investment Plan Paul Laughton, (919) 245-2152 <br /> http://www.orangecountync.gov/departme <br /> nts/finance and administrative services.p <br /> PURPOSE: To discuss the Manager's Recommended FY 2017-22 Capital Investment Plan. <br /> BACKGROUND: Each year, the County produces a Capital Investment Plan (CIP) that <br /> establishes a budget planning guide related to capital needs for the County as well as Schools. <br /> The current CIP consists of a 5-year plan that is evaluated annually to include year-to-year <br /> changes in priorities, needs, and available resources. Approval of the CIP commits the County <br /> to the first year funding only of the capital projects; all other years are used as a planning tool <br /> and serves as a financial plan. <br /> Capital Investment Plan — Overview <br /> The FY 2017-22 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 slow to moderate economic growth of approximately <br /> 1% in property tax growth and 4% in sales tax growth annually over the next five years. Many <br /> of the projects in the CIP will rely on debt financing to fund the projects. <br /> Tonight's discussion will be focused on County and Proprietary CIP projects. Discussion of the <br /> Schools CIP projects is scheduled for the April 25, 2017 Joint County/School Boards Meeting. <br /> CIP document page #'s are provided after each project, with funding recommended for FY <br />