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14 <br /> 1 • Delays park planning and development for two years <br /> 2 <br /> 3 Northeast District Park <br /> 4 • Delays park planning and development for two years <br /> 5 <br /> 6 TOTAL CIP IMPACT—Alternative 1 <br /> 7 • Debt financing for County Capital in years one through five reduced by $22.4 million as <br /> 8 a result of project reorganizations <br /> 9 <br /> 10 CIP Prioritization -Alternative 2 (page 34 of PowerPoint): <br /> 11 <br /> 12 • Emergency Radio System Upgrade <br /> 13 o Move $12.3 million from years 2-5 to years 6-10 <br /> 14 o Better define project need <br /> 15 o Refine cost estimates with vendor quotes <br /> 16 o Conduct cost share discussions with public safety agencies <br /> 17 o Improved project plan for next Capital Investment Plan <br /> 18 <br /> 19 • Durham Tech Community College OC Campus Expansion <br /> 20 o Move $20 million from years 3-5 to years 6-10 <br /> 21 o Maintain County share of planning funds ($547,911) in FY2018-19 to begin <br /> 22 conceptual design and project planning <br /> 23 o Explore outside revenue opportunities <br /> 24 <br /> 25 Chair Dorosin said he thought that Durham Tech had taken this off the table. <br /> 26 Travis Myren said the Board has not formally adopted any of these changes, and <br /> 27 Durham Tech has said it finds this approach acceptable. <br /> 28 Commissioner McKee asked if the amount of savings to the general revenue fund, in <br /> 29 both of these alternatives, could be identified. <br /> 30 Travis Myren said Davenport provided an update on its debt service projections, but he <br /> 31 is unsure of the debt service impact. He said staff will try to provide an answer before the end <br /> 32 of the evening. He resumed the presentation: <br /> 33 <br /> 34 • Efland Sewer to Mebane, Phase 2 Extension <br /> 35 o Article 46 Sales Tax <br /> 36 o CIP includes recommendation to increase project expenses <br /> 37 o Bid results eliminate need to $1.4 million in additional funds <br /> 38 o Bid award scheduled for June 20 meeting <br /> 39 <br /> 40 Commissioner McKee asked if this $1.4 million would be a savings to the general fund <br /> 41 revenues, or a reduction in the amount of money borrowed. <br /> 42 Travis Myren said of Article 46 money. <br /> 43 Chair Dorosin asked if that would mean there would be an additional $1.4 million in <br /> 44 Article 46 funds to allocate. <br /> 45 Travis Myren said these capital projects manifest in debt service, so whatever debt <br /> 46 service was projected to be associated with the project would be reduced. He resumed the <br /> 47 PowerPoint presentation: <br /> 48 <br /> 49 • Project Updates <br />