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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: August 31, 2006 <br />Action Agenda <br />Item No. 1 <br />SUBJECT: Capital and Debt Related Matters <br />DEPARTMENT: Budget PUBLIC HEARING: (Y /N) No <br />ATTACHMENT (S): <br />INFORMATION CONTACT: <br />Attachments 1A through 1C. Donna Dean Coffey, Budget Director <br />Fiscal Year 2006 -07 Planned Projects (919) 245 -2151 <br />for Chapel Hill Carrboro City Schools, <br />Orange County Schools and Orange <br />County <br />Attachment 2. County and School <br />Capital Projects Requiring Debt Funding <br />Attachments 3A through 3D. <br />Annual Debt Service Capacity Based on 9, <br />7, 5 and 3% Annual General Fund <br />Increase <br />Attachment 4. Current Building <br />Construction Projects — Project Highlights <br />as of August 31, 2006 (County Projects <br />only) <br />Attachment 5. Senate Bill 2009 <br />PURPOSE: To review updates and analysis provided by staff regarding various <br />aspects of County and School capital projects and debt - related matters, and to <br />provide appropriate direction to staff on how to proceed further on these matters. <br />BACKGROUND: The Board approved the County's 2006 -07 Fiscal Year budget on <br />June 27, 2006 along with a handful of School capital project ordinances. The Board <br />also noted that there were a number of capital and debt related matters that <br />Commissioners preferred to discuss further at a fall 2006 work session. Examples <br />