Orange County NC Website
for the April 20, 2006 budget/capital work session. At that point, the BOCC can begin to make <br />decisions and act on the County portion of the CIP. <br />The recommended ten-year CIPs far both school systems are tentatively scheduled for <br />presentation at the Board's regular meeting on May 16, 2006, with review of school capital <br />projects to take place during the June 2006 budget work sessions. <br />FINANCIAL IMPACT: As outlined in the recommended Capital Investment Plan. Projects in <br />the CIP include not only those to be funded with pay-as-you-go revenue such as sales tax <br />proceeds, but also those funded with already-issued or otherwise programmed debt. Projects <br />that may be partially or completely unfunded at this time may be addressed through future debt <br />issuance such as general obligation bonds, certificates of participation, or private placement <br />loans. <br />RECOMMENDATION(S): The Manager recommends that the Board receive the <br />recommended Ccunty 2006-16 CIP for information only at this time, with BQCC discussion of <br />individual projects to take place at the Board's work session on April 20, 2006. <br />