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