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8 <br /> <br />The CIP has been prepared anticipating moderate economic growth of approximately 2% in 1 <br />property tax growth and 4% in sales tax growth annually over the next five years. Many of the 2 <br />projects in the CIP will rely on debt financing to fund the projects. 3 <br /> 4 <br />Travis Myren made the following PowerPoint presentation: 5 <br /> 6 <br />ORANGE COUNTY 7 <br />CAPITAL INVESTMENT PLAN 8 <br />FY2018-23 9 <br />Board of Orange County Commissioners 10 <br />April 3, 2018 11 <br />Agenda Item 4(c) 12 <br /> 13 <br />CIP Themes and Cost Drivers 14 <br />– School Bond Projects 15 <br />• Chapel Hill High School Cost Escalation 16 <br />• Borrowing and Cash Flow Schedule 17 <br />• Potential FY2017-18 Capital Budget Amendment 18 <br />– Affordable Housing Bond 19 <br />• Last Bond Draw of $2.5 Million 20 <br />– Public Safety 21 <br />• Detention Center & Potential Northern Campus Development 22 <br />– Debt Service Structuring 23 <br />• Subject to Approval by the Local Government Commission 24 <br />• Debt Service to General Fund Revenue Policy 25 <br />• Potential Tax Impacts 26 <br /> 27 <br />Recommended CIP Total Expenditures by Year (graph) 28 <br /> 29 <br />Total Recommended Capital Budget Expenditures (graph) 30 <br /> 31 <br />Recommended CIP schools capital projects (graph) 32 <br /> 33 <br />Recommended CIP County Capital Projects (graph) 34 <br /> 35 <br />FY 18-19 Recommended CIP Expenditures $28.5m total (graph) 36 <br /> 37 <br />FY 19-20 -Recommended CIP Expenditures$26.1M total (graph) 38 <br /> 39 <br />Recommended CIP Proprietary Capital Projects (graph) 40 <br /> 41 <br />Debt Service to General Fund Revenue Policy Debt Service Structuring – three cases 42 <br />(graph) 43 <br /> 44 <br />Next Steps 45 <br />– Document Review 46 <br />• Clerk to the Board’s Office 47 <br />• County Manager’s Office 48 <br />• Orange County Libraries 49