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13 <br /> 1 the Manager to sign short-term leases up to one year, and anything longer would have to be <br /> 2 approved by the Board. <br /> 3 Commissioner Dorosin said the motion on the floor includes 6-a Attachment 1, which <br /> 4 includes the capital funding for fiscal year one. He said he does not support the CIP funding for <br /> 5 FY21-22, and will need to vote against this motion. <br /> 6 Paul Laughton said item 6-b would be the CIP. <br /> 7 Commissioner Dorosin said he will not vote for this because he does not want there to <br /> 8 be any misunderstanding. <br /> 9 <br /> 10 Roll call ensued <br /> 11 <br /> 12 VOTE: Ayes, 6 (Commissioner Bedford, Commissioner Fowler, Commissioner Greene, <br /> 13 Commissioner Hamilton, Commissioner McKee, and Chair Price); Nays, 1 (Commissioner <br /> 14 Dorosin) <br /> 15 <br /> 16 b. Accept the Five-Year Capital Investment Plan (CIP) and Approve the Orange <br /> 17 County Overall CIP Projects of$50,915,167 for FY2021-22 <br /> 18 The Board accepted the FY2021-26 Orange County Five-Year Capital Investment Plan <br /> 19 (CIP), and approved the Orange County Overall CIP Projects of$50,915,167 for FY2021-22. <br /> 20 <br /> 21 BACKGROUND: <br /> 22 For over 20 years, the County has produced a Capital Investment Plan (CIP) that establishes a <br /> 23 budget planning guide related to capital needs for the County as well as Schools. The current <br /> 24 CIP consists of a 5-year plan that is evaluated annually to include year-to-year changes in <br /> 25 priorities, needs, and available resources. Approval of the CIP commits the County to the first <br /> 26 year funding only of the capital projects; all other years are used as a planning tool and serves <br /> 27 as a financial plan. <br /> 28 <br /> 29 Capital Investment Plan — Overview <br /> 30 The FY2021-26 CIP includes County Projects, School Projects, and Proprietary Projects. The <br /> 31 School Projects include Chapel Hill-Carrboro City Schools, Orange County Schools, and <br /> 32 Durham Technical Community College — Orange County Campus projects. The Proprietary <br /> 33 Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. <br /> 34 <br /> 35 The CIP has been prepared anticipating moderate economic growth of approximately 2% in <br /> 36 property tax growth over the next five years, and 4% sales tax growth. Many of the projects in <br /> 37 the CIP will rely on debt financing to fund the projects. <br /> 38 Attachment 1 is the FY2021-26 Capital Investment Plan Overall Summary (individual projects <br /> 39 were provided to the Board of County Commissioners at previous work sessions, and revised <br /> 40 project funding was discussed at the June 8, 2021 budget work session). <br /> 41 <br /> 42 Attachment 2 lists the overall Orange County CIP projects of$50,915,167 in FY2021-22 (Year <br /> 43 1). <br /> 44 <br /> 45 Attachment 3 lists County Capital Projects Summary totaling $18,518,992 in FY2021-22 (Year <br /> 46 1). <br /> 47 <br /> 48 Attachment 4 lists Proprietary Capital Projects Summary totaling $4,891,311 in FY 2021-22 <br /> 49 (Year 1). <br /> 50 <br />