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18 <br /> 1 <br /> 2 A motion was made by Commissioner Bedford, seconded by Commissioner Dorosin for <br /> 3 the Board to adopt the FY2019-20 Budget Ordinance, the FY2019-20 County Grant Projects, <br /> 4 and the FY2019-20 County Fee Schedule, consistent with the parameters outlined in the <br /> 5 Board's "Resolution of Intent to Adopt the FY2019-20 Orange County Budget". <br /> 6 <br /> 7 Commissioner Bedford said Durham Tech wanted to allow scholarships to be used for <br /> 8 technical classes, and asked if this should be included. <br /> 9 Bonnie Hammersley said the Board is approving the amount of money that is <br /> 10 recommended in the budget; and how that will be used will be worked out with Durham Tech. <br /> 11 <br /> 12 VOTE: Ayes, 6; Nays, 1 (Commissioner McKee) <br /> 13 <br /> 14 b. Acceptance of the Five-Year Capital Investment Plan and Approval of the Orange <br /> 15 County CIP Projects of$48,050,906 for FY2019-20 <br /> 16 The Board considered voting to accept the FY2019-24 Orange County Five-Year Capital <br /> 17 Investment Plan, and approve the Orange County CIP Projects of$48,050,906 for FY2019-20. <br /> 18 Paul Laughton presented this item: <br /> 19 <br /> 20 BACKGROUND: For over 20 years, the County has produced a Capital Investment Plan (CIP) <br /> 21 that establishes a budget-planning guide related to capital needs for the County as well as <br /> 22 Schools. The current CIP consists of a 5-year plan that is evaluated annually to include year-to- <br /> 23 year changes in priorities, needs, and available resources. Approval of the CIP commits the <br /> 24 County to the first year funding only of the capital projects; all other years are used as a <br /> 25 planning tool and serves as a financial plan. <br /> 26 <br /> 27 Capital Investment Plan — Overview <br /> 28 The FY2019-24 CIP includes County Projects, School Projects, and Proprietary Projects. The <br /> 29 School Projects include Chapel Hill Carrboro City Schools, Orange County Schools, and <br /> 30 Durham Technical Community College— Orange County Campus projects. The Proprietary <br /> 31 Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. <br /> 32 The CIP has been prepared anticipating moderate economic growth of approximately 2% in <br /> 33 property tax growth and 4% in sales tax growth annually over the next five years. Many of the <br /> 34 projects in the CIP will rely on debt financing to fund the projects. <br /> 35 Attachment 1 is the FY2019-24 Capital Investment Plan Overall Summary (individual projects <br /> 36 were provided to the Board of County Commissioners at previous work sessions, and revised <br /> 37 School Capital and Overall Summaries presented and discussed at the June 11, 2019 budget <br /> 38 work session). Attachment 2 lists the overall Orange County CIP projects of$48,050,906 in <br /> 39 FY2019-20. <br /> 40 <br /> 41 Attachment 3 lists County Capital projects totaling $10,560,764 in FY2019-20. <br /> 42 Attachment 4 lists School Capital projects totaling $34,512,606 in FY2019-20. <br /> 43 <br /> 44 A motion was made by Commissioner Price, seconded by Commissioner McKee for the <br /> 45 Board to accept the FY2019-24 Orange County Five-Year Capital Investment Plan, and approve <br /> 46 funding for FY2019-20, as stated in Attachment 2, Year 1 (FY2019-20) in the Capital Investment <br /> 47 Plan; and adopt the FY2019-20 County Capital projects as stated in Attachment 3 and FY2019- <br /> 48 20 School Capital projects as stated in Attachment 4. <br /> 49 <br /> 50 VOTE: UNANIMOUS <br /> 51 <br />