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10 <br /> 1 BACKGROUND: <br /> 2 Each year, the County produces a Capital Investment Plan (CIP) that establishes a budget <br /> 3 planning guide related to capital needs for the County as well as Schools. The current CIP <br /> 4 consists of a 5-year plan that is evaluated annually to include year-to-year changes in priorities, <br /> 5 needs, and available resources. Approval of the CIP commits the County to the first year <br /> 6 funding only of the capital projects; all other years are used as a planning tool and serves as a <br /> 7 financial plan. <br /> 8 <br /> 9 Capital Investment Plan — Overview <br /> 10 The FY 2020-25 CIP includes County Projects, School Projects, and Proprietary Projects. The <br /> 11 School Projects include Chapel Hill-Carrboro City Schools, Orange County Schools, and <br /> 12 Durham Technical Community College — Orange County Campus projects. The Proprietary <br /> 13 Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects 1 The <br /> 14 CIP has been prepared anticipating moderate economic growth of approximately 2% in property <br /> 15 tax growth over the next five years, and 4% sales tax growth in Years 2-5. Sales Tax proceeds <br /> 16 for Year 1 (FY 2020-21) are estimated to decline by 4.5% due to the current coronavirus <br /> 17 pandemic. Many of the projects in the CIP will rely on debt financing to fund the projects. <br /> 18 <br /> 19 The Board received the presentation of the Manager's Recommended FY 2020-25 Capital <br /> 20 Investment Plan and provided direction to staff in preparation for discussion at the April 14, <br /> 21 2020 Budget work session. <br /> 22 <br /> 23 Travis Myren made the following PowerPoint presentation: <br /> 24 <br /> 25 INTRODUCTION OF THE CAPITAL INVESTMENT PLAN <br /> 26 FY2020-25 <br /> 27 Board of Oran_pe County Commissioners <br /> 28 April 7, 2020 <br /> 29 <br /> 30 FY2020-25 Investment Themes <br /> 31 School Supplemental Deferred Maintenance Program <br /> 32 o $30 million over three (3) years <br /> 33 o Apply to Deferred Maintenance and Life & Safety Improvements <br /> 34 o Allocated by Average Daily Membership <br /> 35 ■ CHCCS 60.14% <br /> 36 ■ OCS 39.86% <br /> 37 o In addition to $11.4 million in Facility Repair and $3 million Allocated for <br /> 38 Deferred Maintenance from Bond Premium <br /> 39 <br /> 40 Commissioner Dorosin said what kind of oversight would this funding require. <br /> 41 Travis Myren said staff asked for a comprehensive, year-by-year list, which it has from <br /> 42 OCS, and is awaiting it from CHCCS. <br /> 43 Commissioner Dorosin said he would like to see what has been crossed off of the first <br /> 44 year list, so he can inform residents and demonstrate accountability. <br /> 45 Bonnie Hammersley said the districts prioritize the lists, and if the districts want to <br /> 46 change the list, they have to bring it back for Orange County Board of Commissioners approval. <br /> 47 <br /> 48 FY2020-25 Investment Themes <br /> 49 Public Health and Safety <br /> 50 o EMS Substation Construction — Efland - $3,500,000 <br /> 51 o Portable Radio Replacements - $150,000 <br />