Agenda - 04-14-2005-1 - Laserfiche WebLink

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April 14,2005 Comparison of Preliminary Manager's Recommended County Capital Priorities and Pay-As-You-Go Capital Projects (1) Fiscal Years 2005-06 Through 2014-15 Reflects Ten-Year Funding Totals of Options Presented to the BOCC on March 31, 2005 Funding/Project Description Priority Baseline Option#1 Option#2 Option 03 Option 44 Renovations at the New Courthouse(estimated cost of$1.5 million),to be completed in conjunction with the planned Justice New Courthouse Renovations(completed Facility construction project,would include restroom upgrades and 29 in conjunction with Justice Facility renovations,and replacing the HVAC system,repairing and paving 1 0 0 0 0 0 Construction) the parking areas. Baseline funding would not allow sufficient funding to cover these renovations from the County's pay-as-you-go capital revenues;renovations would require debt financing to complete. 30 Orange Enterpnses(New) County's commitment to Orange Enterprises purchase of new 1 300,000 300,000 300,000 300,000 300,000 facility located off of Elizabeth Brady Road Sets aside future pay-as-you-go funding to repay debt service related to new County facilities(not already programmed in the County's Debt Issuance Schedule)as identified in the 2005 County Space Study;examples of these projects include new Animal Services Facility($5 million beginning in fiscal year 2006-09),Land Services Building($11 million in fiscal year 2009-10),Library($11 million in fiscal year 2009-10);Southern Human Services Center 31 Set Aside for Future County Facilities (including Dental Clinic)($6-5 million in fiscal year 2011-12);911 1 0 20,220,000 20,220,000 20,220,000 20220,000 Center,Public Works/OPT and Motor Pool($5 million in fiscal year 2014). Debt service associated with acquisition of the Sportsplex is also included beginning in fiscal year 2006-07. Assumptions related to debt service include 20 year repayment at 6%interest rate. Baseline funding would not allow sufficient funding to cover these renovations from the County's pay-as-you-go capital revenues; renovations would require debt financing to complete. Orange County is currently in negotiations with Eaton Vance regarding the County's proposed acquisition of the Triangle SportsPlex pmperty. If the County reaches an agreement to 32 Sportsplex purchase and begins operating the facility in 2005-06,this funding 1 400,000 400,000 400,000 400,000 400,000 would help to offset the costs of debt service on the property acquisition and/or to help undejwnte the costs of pool operations. Re-establish the Utilities Extension Fund to assist with the extension 33 Utilities Extension Fund of water and/or sewer lines for economic development projects, 1 150,000 150,000 150,000 150,000 150,000 particularly in the Economic Development Districts of the County. Waterproof below grade foundations and correct drainage problems in county facilities;funding in fiscal year 2005-06 would allow for 34 Waterproofing and Drainage waterproofing at Court Street Annex and Purchasing and Central 1 1,416,000 1,321,000 946,000 1,646,000 1,472,000 Services Building and in fiscal year 2006-07,the Government Services Annex. specific schedule for outer years would be dependent on amount of funding available each year. Page 25 of 26 options for alml 14 worksession.xlssummary