Agenda - 05-16-2017 - 6-a - Amendments to the County’s Fund Balance Management Policy Regarding the General Fund Unassigned Fund Balance

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4 15 Bonnie Hammersley referred to the multi-jurisdictional staff team, and said they are looking at the environmentals of the Greene Tract site, which she shared with the Town Managers. Chair McKee suggested bringing this back to the Assemblies of Governments (AOG), which would afford the opportunity to gauge the buy-in from all involved. He echoed Commissioners Rich and Jacobs' comments that only placing affordable housing in this area is irresponsible. He said there must be commercial as well. Bonnie Hammersley said presenting to the AOG would be at the discretion of the Board. She said the work group has talked about the work that the Rogers-Eubanks Neighborhood Association (RENA) has done on this, and when she gets this report she will share it with the Board of County Commissioners. Commissioner Pelissier endorsed Chair McKee's suggestion to add this topic to the AOG. She said this issue has to move forward. Commissioner Burroughs said there are now only two places left for elementary schools: the Greene Tract and Carolina North sites, with the latter being shaky. She said part of the goal of the bond is to increase capacity in the schools. She said growth will continue, and the Greene Tract may be an option. Commissioner Jacobs thanked the Manager and staff for their work on this item. Commissioner Jacobs reiterated the previous suggestion of the County buying out its partners in this site, if they are not interested in pursuing something on it. Commissioner Rich said she thinks people are ready to move forward with the Greene Tract. Commissioner Dorosin asked if the next step could be identified. Craig Benedict said as of now the 2002 resolution is firm, but a discussion on how to change the original resolution could be done at the AOG. He said staff cannot move forward to suggest other uses until the 2002 resolution is changed, but staff can start plotting out options to propose at the AOG. Craig Benedict said it is good to hear from the community, and a report from the Jackson Center will offer this insight. Commissioner Dorosin said the Board will receive the report from the Jackson Center and asked if the next step would be for all local governments to get together to discuss, or if Orange County should propose a change option for local governments to discuss. Commissioner Dorosin suggested getting the Jackson Center report next week and bringing it back for discussion as part of decision tree options presented in the PowerPoint. Commissioner Jacobs agreed. He suggested putting an action item on one of the Board's agendas about a conservation easement for the 60-acre site. Commissioner Rich said a timeframe must be put on everything. Chair McKee said to get an action item for Commissioner Jacobs' request, and options for the other parcel, put on an upcoming agenda. Bonnie Hammersley said the 60 acres can be done anytime, and she will update all Town Managers about this evening's discussion. Chair McKee said a decision on the 60 acres will set a tone from the Board, and he would like to make this decision sooner rather than later. Chair McKee said to put options in another report, or agenda item, to discuss, and feedback can be gathered at AOG. > 3. General Fund Unassigned Fund Balance Policy- 9:45PM Gary Donaldson, Chief Financial Officer, said they met with the schools to develop a 5- year plan for the fund balance.