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18 <br /> Bonnie Hammersley said the Board is approving the amount of money that is <br /> recommended in the budget; and how that will be used will be worked out with Durham Tech. <br /> VOTE: Ayes, 6; Nays, 1 (Commissioner McKee) <br /> b. Acceptance of the Five-Year Capital Investment Plan and Approval of the Orange <br /> County CIP Projects of$48,050,906 for FY2019-20 <br /> The Board considered voting to accept the FY2019-24 Orange County Five-Year Capital <br /> Investment Plan, and approve the Orange County CIP Projects of$48,050,906 for FY2019-20. <br /> Paul Laughton presented this item: <br /> BACKGROUND: For over 20 years, the County has produced a Capital Investment Plan (CIP) <br /> that establishes a budget-planning guide related to capital needs for the County as well as <br /> Schools. The current CIP consists of a 5-year plan that is evaluated annually to include year-to- <br /> year changes in priorities, needs, and available resources. Approval of the CIP commits the <br /> County to the first year funding only of the capital projects; all other years are used as a <br /> planning tool and serves as a financial plan. <br /> Capital Investment Plan — Overview <br /> The FY2019-24 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 FY2019-24 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 11, 2019 budget <br /> work session). Attachment 2 lists the overall Orange County CIP projects of$48,050,906 in <br /> FY2019-20. <br /> Attachment 3 lists County Capital projects totaling $10,560,764 in FY2019-20. <br /> Attachment 4 lists School Capital projects totaling $34,512,606 in FY2019-20. <br /> A motion was made by Commissioner Price, seconded by Commissioner McKee for the <br /> Board to accept the FY2019-24 Orange County Five-Year Capital Investment Plan, and approve <br /> funding for FY2019-20, as stated in Attachment 2, Year 1 (FY2019-20) in the Capital Investment <br /> Plan; and adopt the FY2019-20 County Capital projects as stated in Attachment 3 and FY2019- <br /> 20 School Capital projects as stated in Attachment 4. <br /> VOTE: UNANIMOUS <br /> c. Orange County Consolidated Plan — FY 2019-2020 Annual Action Plan and <br /> Proposed FY 2019-2020 HOME Activities <br /> The Board considered voting to adopt a Resolution approving the Consolidated Plan's <br /> proposed FY 2019-2020 Annual Action Plan; adopt a Resolution approving the proposed HOME <br /> Program Activities for FY 2019-2020; and authorize the County Manager to implement the <br /> HOME Program as approved by the BOCC, including the ability to execute agreements with <br /> partnering non-profit organizations after consultation with the County Attorney and based on the <br /> allocation received from HUD. <br />