Agenda - 10-27-2003-1 - Laserfiche WebLink

Browse Search

ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: October 27, 2003 Action Agenda Item No. 1 SUBJECT: Co P DEPARTMENT: County Manager/Budget PUBLIC HEARING: (YIN) No ATTACHMENT(S): As listed on "Table of Attachments" INFORMATION CONTACT: John Link or Rod Visser, ext 2300 Donna Dean, ext 2151 TELEPHONE NUMBERS: Hillsborough 732-8181 Chapel Hill 968-0501 Durham 688-7331 Mebane 335-227-2031 PURPOSE: To discuss various County capital projects that are identified in the recommended 2003-2013 Capital Investment Plan. BACKGROUND: Qn April 21, 2003, the Board of Commissioners held a budget work session during which the Board reviewed and asked questions about the status or proposed funding for a number of projects, both funded and unfunded, in the Manager's Recommended 2003-13 CIP. Staff provided some additional background materials requested by the Board during June 2003 budget work sessions, and there was some further discussion of certain County capital projects then. However, because of time constraints, the Board decided not to formally adapt the 2003- 13CIP atthat time (although the BUCC did approve in June 2003 a number of 2003-04 capital project ordinances for projects already in progress or particularly time sensitive}. The Board decided to resume discussion of County capital projects during a Fall 2003 work session. Commissioners also indicated a desire to discuss how new projects can be added to the CIP. While the CIP is a "living document" that the Baard can amend at any time during the course of the year, Commissioners may wish to establish some ground rules for how projects suggested by individual Commissioners should be factored into the preparation by staff of the annual update to the 10 year CIP. The Board could discuss that topic at this work session, or might consider pursuing that as part of a larger discussion of Board procedures during the next annual planning and goal-setting retreat in January 2004. Staff have also prepared an update, with recommended changes, to the debt issuance schedule originally approved by the Baard in September 2002. That document established the planned timeline for the issuance over a six year period of approximately $113 million in debt associated with the approved 2001 bond referenda and plans for alternative financing of other County and school capital projects. Some of the changes to the debt issuance schedule reflect decisions that have either already been made by the BOCC (e.g. additional funding for the Whitted Human