Agenda - 06-20-2002 - 4a - Laserfiche WebLink

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6/19/20 0 Ohment 2 Decision Point 3. Potential Deferral of Capital Investment Projects Pay-As-You-Go Capital Projects That Could Be Deferred Projects outlined below have been approved by the BOCC in prior fiscal years.For one reason or another,certain funds have not yet been expended or obligated.As the Board deliberates the property tax rate for fiscal year 2002-03,Commissioners may wish to use("borrow")these funds to offset the Manager's Recommended tax rate increase of 4.5 cents. It is important to note that, should the BOCC decide to use monies from any of these projects for the upcoming fiscal year,the funds would need to be"repaid"to the individual projects over the next few years, unless the BOCC decides to permanently discontinue certain specified projects. As staff prepares future Capital Investment Plans(CIP),a"repayment plan"would be included and outlined for the Board's consideration. Staff has identified projects according to the following color coding system: Indicates that the project would not be adversely affected by delays Indicates that the project could potentially be affected by delays;staff recommends that the Board carefully consider using the funds(mainly due to health and safety issues-for example: air quality or security) Indicates that the project would be affected by delays;staff does not recommend that the Board use the funds Funds Project Description Available Comments/Staff Recommendations Building Safety Funds to address building safety and air quality issues at County facilities 74,825 Examples inlcude fire alarms and security systems. Court Street Annex Floor covering replacement 15,000 May include carpet replacement or other flooring alternatives Currently there are no outstanding loans to small businesses. In accordance with the County's Small Business Loan program,these funds are It is important to note that should there be an application and a Loan Pool Reserve available as a"loan loss reserve"should a small business default on its loan. 150,000 staff recommendation for a small business loan in the upcoming fiscal year,the"borrowed"funds would need to be replenished before the loan could be made. Sub-Total 239,825 Tax Rate Equivalent 0.26 v m cn Funds Project Description Available Comments/Staff Recommendations Handicapped Accessibility Installation of handicap accessibility items as required by the Americans with 12,409 Staff recommends that the Board not postpone project Disabilities Act(ADA) Septic system and well 88,000 Staff does not recommend postponing project due to public Northern Human Services Center health issues;land purchase as proposed in recommended Land(related to increasing capacity of septic system) 0 CIP could be done with November 2001 park bond funds Old Courthouse Renovations Repair of exterior brick to avoid moisture build up on interior walls and avoid further 25,000 Staff recommends that the Board not postpone project damage Sub-Total 125,409 Tax Rate Equivalent 0.14 I I I III