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23 <br /> 1 park entrance and has been stabilized pending a future decision on use or <br /> 2 deconstruction. <br /> 3 <br /> 4 Fairview Park Improvements - $67,000 <br /> 5 A site assessment study for the former landfill area at Fairview Park was started in FY <br /> 6 2017-18 to investigate opportunities for remediation and park development. This multi- <br /> 7 year assessment is underway and will continue into the summer of 2020. Funds for the <br /> 8 landfill assessment study as well as the eventual mitigation will be reimbursed by the <br /> 9 State Division of Environmental Quality. <br /> 10 <br /> 11 Cedar Grove Community Center- $107,000 <br /> 12 <br /> 13 Funding is requested in FY2019-20 to replace funds that were re-purposed in FY 2018- <br /> 14 19. This project will install shower facilities in the Community Center. <br /> 15 <br /> 16 Parks and Recreation Facility Renovations and Repairs - $180,000 <br /> 17 Funding of$180,000 is requested in FY 2019-20 for ongoing safety, lighting/energy, <br /> 18 park infrastructure, signage, preventive maintenance and landscape improvements to <br /> 19 the County's seven parks. Each year, park and recreation equipment and facilities need <br /> 20 renovation, safety improvements, repair, replacement and upgrades. This project <br /> 21 provides for a scheduled and prioritized funding source for these needs identified in the <br /> 22 2030 Parks & Recreation Master Plan process. <br /> 23 <br /> 24 Vehicle Replacements - $965,550 <br /> 25 The Capital Investment Plan is also used to procure replacement vehicles. The highest priority <br /> 26 vehicles include those used in public safety functions. The FY19-20 CIP requests $965,550 to <br /> 27 replace Sheriff's Office vehicles, an Animal Control vehicle, Ambulance remounts, and an <br /> 28 administrative vehicle for Emergency Services. <br /> 29 <br /> 30 Financing the Capital Investment Plan <br /> 31 The Recommended Capital Investment Plan for FY2019-20 totals $47.4 million in expenditures. <br /> 32 Of that amount, $37 million is recommended to be financed by County funded debt. Other <br /> 33 significant sources of funds include Lottery Proceeds and Article 46 sales tax proceeds. Both of <br /> 34 these sources are dedicated to fund school capital needs and are estimated to contribute <br /> 35 approximately $3.3 million to the resources used to support the CIP. <br /> 36 <br /> 37 Debt Capacity Target and Next Steps <br /> 38 County policy establishes a debt service capacity target of fifteen percent (15%) of general fund <br /> 39 revenues. As the voter approved general obligation bonds have been issued for school projects <br /> 40 and affordable housing, this policy is expected to be exceeded in future years. Additional <br /> 41 pressure on this policy will occur in future years due to emergency spending on remediation <br /> 42 projects and the increased cost of the Northern County Campus. As the Board considers the <br /> 43 CIP, staff will provide updates and recommend necessary adjustments so that the Board is <br /> 44 comfortable with the current and planned debt over the course of the FY2019-24 CIP. <br /> 45 <br /> 46 As the CIP evolves in the future, it anticipates funding for three large projects. The first is a <br /> 47 replacement for the emergency responder radio system. The total cost of this project could <br /> 48 exceed $40 million. This project is currently in the Plan for FY2020-21 and is offset by <br /> 49 contributions from all of the public safety agencies in the County. The second major project is a <br /> 50 new academic building requested by Durham Technical Community College. Current cost <br />