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<br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br /> <br />ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: September 10, 2020 <br /> Action Agenda <br /> Item No. 2 <br /> <br />SUBJECT: Follow-up Discussion on County Capital Investment Plan (CIP) Years 2 through 5 <br /> <br />DEPARTMENT: County Manager & Finance <br />and Administrative Services <br /> <br /> <br /> <br />ATTACHMENT(S): <br />Attachment A – Updated List of CIP <br />Amendments <br />Attachment B – Draft June 9, 2020 Work <br />Session Minutes <br />Attachment C – Relevant CIP Project <br />Pages <br />Attachment D – Debt Metric Models <br /> <br />INFORMATION CONTACT: <br /> <br />Travis Myren, 919-245-2308 <br />Gary Donaldson, 919-245-2453 <br /> Paul Laughton, 919-245-2151 <br /> <br /> <br /> <br /> <br /> <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 /> <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 /> <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 /> <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 /> <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 /> <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 /> <br /> <br />1