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30 <br /> <br /> <br />Penny Rich, Vice-Chair Mia Burroughs <br /> <br /> <br /> <br />Barry Jacobs Mark Marcoplos <br /> <br /> <br />Earl McKee Renee Price <br /> <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 /> <br />VOTE: UNANIMOUS <br /> <br />b. 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 />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 /> <br />Paul Laughton presented this item: <br /> <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 /> <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 /> <br />Attachment 2 lists the overall Orange County CIP projects of $42,130,216 in FY2018-19. <br />Attachment 3 lists County Capital projects totaling $28,530,599 in FY2018-19. <br />