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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />47 <br />48 <br />49 <br />50 <br />51 <br />30 <br />Donna Baker, Clerk to the Board <br />Penny Rich, Vice -Chair <br />Barry Jacobs <br />Earl McKee <br />Mark Dorosin, Chair <br />Mia Burroughs <br />Mark Marcoplos <br />Renee Price <br />A motion was made by Commissioner Jacobs, seconded by Commissioner Rich for the <br />Board to adopt the FY2018 -19 Budget Ordinance, the FY2018 -19 County Grant Projects, and <br />the FY2018 -19 County Fee Schedule, consistent with the parameters outlined in the Board's <br />"Resolution of Intent to Adopt the FY2018 -19 Orange County Budget ". <br />VOTE: UNANIMOUS <br />b. Acceptance of the Five -Year Capital Investment Plan and Approval of the Orange <br />County CIP Protects of $42,130,216 for FY2018 -19 <br />The Board considered voting to accept the FY2018 -23 Orange County Five -Year Capital <br />Investment Plan, and approve the Orange County CIP Projects of $42,130,216 for FY2018 -19. <br />Paul Laughton presented this item: <br />BACKGROUND: <br />For over 20 years, the County has produced a Capital Investment Plan (CIP) that establishes a <br />budget planning guide related to capital needs for the County as well as Schools. The current <br />CIP consists of a 5 -year plan that is evaluated annually to include year -to -year changes in <br />priorities, needs, and available resources. Approval of the CIP commits the County to the first <br />year funding only of the capital projects; all other years are used as a planning tool and serves <br />as a financial plan. <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 />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 />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 />