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11 <br /> o Environmental Health and Public Safety Vehicle Replacements - <br /> $1,280,961 <br /> • Economic Development <br /> o Piedmont Food Processing Facility - $115,000 <br /> o Buckhorn EDD Sewer Engineering - $130,000 <br /> • Caution <br /> o Direct Financial Impacts to the County will Lag <br /> o Most Acute Impact Expected on Sales Tax <br /> o Potential Lingering Impact on the Real Estate Market <br /> o Continuous Monitoring and Adjustments to Anticipated Fiscal Reality <br /> Capital Investment Plan by the Numbers <br /> • Total Recommended Capital Expenditures - $36.5 million <br /> o County Capital - $13.1 million <br /> o Proprietary Funds - $3 million <br /> o School Capital - $20.4 million <br /> • Decrease from FY2019-20 - $12.5 million <br /> o FY19-20 Included $20 million Bond Proceeds for Orange County Schools <br /> o Last School Bond Draw Programmed in FY21-22 <br /> ■ CHCCS - $1.9 million <br /> ■ OCS - $11.3 million <br /> • Debt Service Increase - $3,163,144 <br /> FY 2019-20 CIP Expenditures- $49.0 Million / FY 20-21 CIP Expenditures - $36.5 million- <br /> Graph <br /> FY 2020-25 Recommended CIP Expenditures- graph <br /> FY 2020-25 Recommended Financing Sources-graph <br /> Debt Service Scheduled Based on FY 2020-25 Recommended CIP- graph <br /> Proportion of County and School Debt Service-graph <br /> Debt Service to General Fund Revenue Projection-graph <br /> Schedule for Consideration <br /> • Introduction of the Capital Investment Plan —April 7 <br /> • Work Session on Capital Investment Plan —April 14 <br /> • Further Consideration through Budget Work Sessions <br /> • Approval of the Operating and Capital Budget—June 16 <br /> Commissioner Dorosin said, based on existing bonds pending, the Board voted last year <br /> to implement a tax increase incrementally, in anticipating of paying off those bonds. <br /> Travis Myren said yes, but staff wants to manage the operations budget now to minimize <br /> a tax increase. <br /> Commissioner Dorosin said that is what he was going to ask. He asked if there is going <br /> to be any potential legislation coming down the pike to leverage some negotiations. <br /> Travis Myren said the $3 million is for the borrowing the County has already done. He <br /> said he is not aware of any federal initiative and the general rule is you pay debt service first. <br />