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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 20, 2017 <br /> Action Agenda <br /> Item No. 6-b <br /> SUBJECT: Acceptance of the Five-Year Capital Investment Plan and Approval of the Orange <br /> County CIP Projects of$24,495,770 for FY2017-18 <br /> DEPARTMENT: County Manager and Finance <br /> and Administrative Services <br /> ATTACHMENTS: INFORMATION CONTACT: <br /> 1. FY2017-22 Capital Investment Plan Bonnie Hammersley, (919) 245-2300 <br /> Overall Summary Travis Myren, (919) 245-2308 <br /> 2. Year 1 (FY 2017-18) Approved CIP Gary Donaldson, (919) 245-2453 <br /> Projects Paul Laughton, (919) 245-2152 <br /> 3. County Capital Approved FY 2017- <br /> 18 CIP Projects <br /> 4. School Capital Approved FY 2017- <br /> 18 CIP Projects <br /> PURPOSE: To accept the FY2017-22 Orange County Five-Year Capital Investment Plan, and <br /> approve the Orange County CIP Projects of$24,495,770 for FY2017-18. <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 FY2017-22 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`)/0 in property tax growth and 4% in sales tax growth annually over the next five years. Many of <br /> the projects in the CIP will rely on debt financing to fund the projects. <br /> Attachment 1 is the FY2017-22 Capital Investment Plan Overall Summary (individual projects <br /> were provided to the Board of County Commissioners at previous work sessions, and revised <br /> project amounts presented and discussed at the June 13, 2017 and June 15, 2017 budget work <br /> sessions). <br />