Orange County NC Website
Browse       Search
4 <br /> 1 Slide #4 <br /> FY2022-23 Recommended County Projects <br /> Inflationary Adjustments on County Projects <br /> - All County project costs upda led to reflect current construction <br /> and equiprnent costs <br /> • Elwrlcal and Flrr Ata+ms.ticrsa*ici by approxlmak�ly 9Cr�6 <br /> Lh hbBd Raaf prajectircr®eaed by appaaNimat*SC% <br /> a H+IAC,,prcfrctslncrm4dt @N@4n30660r% <br /> EhtS�ubslaaanspt+rdlnq ar�gwamtM fsasr�l an Efie+ad Sartstmlcaa 91d <br /> — General inflationary adjustments added to other future projects <br /> 3%annually for other project% <br /> • 5%anmtal for tbmmcnitauan equipment <br /> ORANGE COUNTY <br /> 2 <br /> h.X711M r C-4R 7LrN& <br /> 3 Travis Myren said Steve Arndt, Director of Asset Management Services, his staff went <br /> 4 through all capital requests and looked at current construction costs. He noted that construction <br /> 5 costs are incredibly expensive right now, and some projects have increased by almost 80%. He <br /> 6 said the Efland EMS Substation bid took place this afternoon and is overbudget, so staff will be <br /> 7 bringing a recommendation back to the Board on how to make up the difference and proceed <br /> 8 with the project. <br /> 9 <br /> 10 Slide #5 <br /> FY2022-23 Recommended County Projects <br /> Climate Change Mitigation Projects - $550,150 (p. 5) <br /> - Established in F'2019-20 <br /> - Dedicatedquarter cent of property tax annually <br /> — 50% reserved for school projects;50%reserved for community <br /> projects <br /> — Funds transferred from the General Fund into Capital Project to <br /> preserve unspent funding from prier year <br /> ORANGE COUNTY <br /> MDR TJ!CAROLINA <br /> 11 5 <br />