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<br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br /> <br />ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 14, 2020 <br /> Action Agenda <br /> Item No. 1 <br /> <br />SUBJECT: Discussion of Manager’s Recommended FY 2020-25 Capital Investment Plan <br />(CIP) <br /> <br />DEPARTMENT: County Manager and Finance and Administrative Services <br /> <br />ATTACHMENT(S): INFORMATION CONTACT: <br />Attachment A. Overall CIP Summary, <br />County CIP Projects Summary, and <br />Proprietary CIP Projects Summary <br /> <br />Previously Provided Under Separate <br /> Cover – Also Available Online: <br /> Manager Recommended FY2020-25 <br /> County Capital Investment Plan <br />http://www.orangecountync.gov/714/Count <br />y-Budgets <br /> Bonnie Hammersley, (919) 245-2300 <br />Travis Myren, (919) 245-2308 <br />Gary Donaldson, (919) 245-2453 <br />Paul Laughton, (919) 245-2152 <br /> <br /> <br /> <br />PURPOSE: To discuss the Manager’s Recommended FY 2020-25 Capital Investment Plan. <br /> <br />BACKGROUND: Each year, the County produces a Capital Investment Plan (CIP) that <br />establishes a budget planning guide related to capital needs for the County as well as Schools. <br />The current CIP consists of a 5-year plan that is evaluated annually to include year-to-year <br />changes in priorities, needs, and available resources. Approval of the CIP commits the County <br />to the first year funding only of the capital projects; all other years are used as a planning tool <br />and serves as a financial plan. <br /> <br />Capital Investment Plan – Overview <br />The FY 2020-25 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 over the next five years, and 4% sales tax growth in Years 2-5. Sales Tax <br />proceeds for Year 1 (FY 2020-21) are estimated to decline by 4.5% due to the current <br />coronavirus pandemic. Many of the projects in the CIP will rely on debt financing to fund the <br />projects. <br /> <br />