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<br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br /> <br />ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 10, 2018 <br /> Action Agenda <br /> Item No. 1 <br /> <br />SUBJECT: Discussion of Manager’s Recommended FY 2018-23 Capital Investment Plan <br />(CIP) <br /> <br />DEPARTMENT: County Manager and Finance and Administrative Services <br /> <br />ATTACHMENT(S): INFORMATION CONTACT: <br /> Previously Provided Under Separate <br /> Cover – Also Available Online: <br /> Manager Recommended FY2018-23 <br /> County Capital Investment Plan <br />http://www.orangecountync.gov/departme <br />nts/finance_and_administrative_services.p <br />hp <br /> Bonnie Hammersley, (919) 245- <br />2300 <br />Travis Myren, (919) 245-2308 <br />Gary Donaldson, (919) 245-2453 <br />Paul Laughton, (919) 245-2152 <br /> <br /> <br /> <br /> <br />PURPOSE: To discuss the Manager’s Recommended FY 2018-23 Capital Investment Plan. <br /> <br />BACKGROUND: Each year, the County produces a Capital Investment Plan (CIP) that <br />establishes a budget planning guide related to capital needs for the County as well as Schools. <br />The current CIP consists of a 5-year plan that is evaluated annually to include year-to-year <br />changes in priorities, needs, and available resources. Approval of the CIP commits the County <br />to the first year funding only of the capital projects; all other years are used as a planning tool <br />and serves as a financial plan. <br /> <br />Capital Investment Plan – Overview <br />The FY 2018-23 CIP includes County Projects, School Projects, and Proprietary Projects. The <br />School Projects include Chapel Hill Carrboro City Schools, Orange County Schools, and <br />Durham Technical Community College – Orange County Campus projects. The Proprietary <br />Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. <br /> <br />The CIP has been prepared anticipating moderate economic growth of approximately 2% in <br />property tax growth and 4% in sales tax growth annually over the next five years. Many of the <br />projects in the CIP will rely on debt financing to fund the projects. <br />Tonight’s discussion will focus mainly on County and Proprietary CIP projects. The Durham <br />Technical Community College – Orange County Campus County Health Technology Building <br />project, with planning funds beginning in FY 2021-22, will also be discussed. Discussion of the <br />Schools CIP projects is scheduled for the April 24, 2018 Joint County/School Boards Meeting. <br />CIP document page #’s are provided after each project, with funding recommended for FY