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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: September 10, 2020 <br /> Action Agenda <br /> Item No. 2 <br /> SUBJECT: Follow-up Discussion on County Capital Investment Plan (CIP) Years 2 through 5 <br /> DEPARTMENT: County Manager & Finance <br /> and Administrative Services <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Attachment A — Updated List of CIP <br /> Amendments Travis Myren, 919-245-2308 <br /> Attachment B — Draft June 9, 2020 Work Gary Donaldson, 919-245-2453 <br /> Session Minutes Paul Laughton, 919-245-2151 <br /> Attachment C — Relevant CIP Project <br /> Pages <br /> Attachment D — Debt Metric Models <br /> PURPOSE: To facilitate a discussion on the outstanding amendments to the Capital Investment <br /> Plan following the Intent to Adopt work session on June 9, 2020. <br /> BACKGROUND: During the Intent to Adopt Budget work session on June 9, 2020, the Board <br /> approved amendments to the Capital Investment Plan that advanced the expansion of the <br /> Durham Technical Community College and amended several projects in Year 1 intended to <br /> offset the cost of advancing that project. The approved amendments are in bold in Attachment <br /> A — Updated List of CIP Amendments. An excerpt of the draft minutes from the work session is <br /> also included as Attachment B — Draft Minutes from June 9, 2020 Work Session. <br /> The Board chose to postpone making decisions on proposed project deferrals in Years 2 <br /> through 5 that are intended to more fully offset the cost of advancing the Durham Tech <br /> Expansion project into Years 1 — 3. The remaining proposed amendments are also included in <br /> Attachment A, and the CIP project pages that would be amended by the proposal are attached <br /> in Attachment C— Relevant CIP Project Pages. <br /> Finally, the impact of the proposed amendments on the County's debt affordability metrics is <br /> also modeled in Attachment D — Debt Metric Models. <br /> The goal of the work session is to provide sufficient direction to staff to finalize the FY2021-2025 <br /> Capital Investment Plan for final adoption. <br /> FINANCIAL IMPACT: The financial impact of adopting the proposed amendments to the <br /> Capital Investment Plan is outlined in Attachment D — Debt Metric Models. <br />