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<br /> ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br /> <br />ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 19, 2018 <br /> Action Agenda <br /> Item No. 6-b <br /> <br /> SUBJECT: Acceptance of the Five-Year Capital Investment Plan and Approval of the Orange <br />County CIP Projects of $42,130,216 for FY2018-19 <br /> <br />DEPARTMENT: County Manager and Finance <br /> and Administrative Services <br /> <br /> <br />ATTACHMENTS: <br />1. FY2018-23 Capital Investment Plan <br />Overall Summary <br />2. Year 1 (FY 2018-19) Approved CIP <br />Projects <br />3. County Capital Approved FY 2018- <br />19 CIP Projects <br />4. School Capital Approved FY 2018- <br />19 CIP Projects <br /> <br />INFORMATION CONTACT: <br />Bonnie Hammersley, (919) 245-2300 <br />Travis Myren, (919) 245-2308 <br />Gary Donaldson, (919) 245-2453 <br />Paul Laughton, (919) 245-2152 <br /> <br /> <br /> <br /> <br /> <br /> <br />PURPOSE: To accept the FY2018-23 Orange County Five-Year Capital Investment Plan, and <br />approve the Orange County CIP Projects of $42,130,216 for FY2018-19. <br /> <br />BACKGROUND: For over 20 years, the County has produced a Capital Investment Plan (CIP) <br />that establishes a budget planning guide related to capital needs for the County as well as <br />Schools. The current CIP consists of a 5-year plan that is evaluated annually to include year-to- <br />year changes in priorities, needs, and available resources. Approval of the CIP commits the <br />County to the first year funding only of the capital projects; all other years are used as a <br />planning tool and serves as a financial plan. <br /> <br />Capital Investment Plan – Overview <br />The FY2018-23 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 /> <br />Attachment 1 is the FY2018-23 Capital Investment Plan Overall Summary (individual projects <br />were provided to the Board of County Commissioners at previous work sessions, and revised <br />School Capital and Overall Summaries presented and discussed at the June 12, 2018 budget <br />work session). <br />1