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I <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 14, 2005 <br /> Action Agenda <br /> Item No. <br /> SUBJECT: Baseline Funding for County Capital Priorities <br /> DEPARTMENT: Manager/Budget PUBLIC HEARING: (YIN) No <br /> ATTACHMENT(S): <br /> Attachment 1 -• Managers Recommended <br /> County Capital Priorities and Pay-As-You-Go <br /> Capital Projects by Funding Option INFORMATION CONTACT: <br /> Attachment 2— Comparison of Preliminary John Link or Rod Visser, ext 2300 <br /> Manager's Recommended County Capital Donna Dean, ext 2151 <br /> Priorities and Pay-As-You-Go Capital Projects <br /> by Funding Option TELEPHONE NUMBERS: <br /> Attachment 3— Manager's Recommendation Hillsborough 732-8181 <br /> for Re-Allocation of$12.8 Million from CHCCS Chapel Hill 968-4501 <br /> Elementary#10 to Other School and County Durham 688-7331 <br /> Priority Projects Mebane 336-227-2031 <br /> Attachment 4—Proposed Projects to Fund <br /> with 2004 Two-thirds Net Debt Bonds <br /> PURPOSE: To receive and discuss a report on the Manager's recommended County capital <br /> funding priorities for the 2005-15 capital planning period. <br /> BACKGROUND: Since Fall 2004, the Board has had several presentations and discussions <br /> related to the County's capital funding policy and needed revisions. Chief among the proposed <br /> changes is the Board's adoption in November 2004 of a policy that would allocate 60 percent of <br /> capital funding for school projects and 40 of capital funding for County projects for the ten years <br /> beginning in 2005r The Board is currently in the process of reviewing various options under <br /> which this 6040 capital funding split will be operationalized. <br /> During the past several weeks, the Board has received presentations documenting nearly $18 <br /> million in County facility improvement needs and over $40 million in needs for new County <br /> facilities in the coming years. At this April 14 work session, the Manager and staff will present <br /> preliminary recommendations regarding the proposed allocation of anticipated pay-as-you-go <br /> revenue for the next ten years among numerous County capital projects. They will also <br /> present recommendations related to reallocations of currently programmed debt, including <br /> $12.8 million allocated to the now-delayed construction of Elementary School #10 in the Chapel <br /> Hill-Carrboro system, and including the unappropriated remainder of$4.2 million in net two- <br />