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Attachment 1 <br /> 1 <br /> 1 DRAFT MINUTES <br /> 2 ORANGE COUNTY <br /> 3 BOARD OF COMMISSIONERS <br /> 4 BUDGET WORK SESSION-CIP <br /> 5 April 11, 2023 <br /> 6 7:00 p.m. <br /> 7 <br /> 8 The Orange County Board of Commissioners met for a CIP Budget Work Session on <br /> 9 Tuesday, April 11, 2023 at 7:00 p.m. <br /> 10 <br /> 11 COUNTY COMMISSIONERS PRESENT: Chair Jamezetta Bedford, Vice-Chair Earl McKee <br /> 12 and Commissioners Amy Fowler, Sally Greene, Jean Hamilton, Phyllis Portie-Ascott, and <br /> 13 Anna Richards (arrived at 7:04 p.m.) <br /> 14 COUNTY COMMISSIONERS ABSENT: None <br /> 15 COUNTY ATTORNEYS PRESENT: None <br /> 16 COUNTY STAFF PRESENT: Deputy County Manager Travis Myren, and Clerk to the Board <br /> 17 Laura Jensen. (All other staff members will be identified appropriately below) <br /> 18 <br /> 19 Chair Bedford called the Board of County Commissioners meeting to order at 7:00 p.m. <br /> 20 All Commissioners were present, except Commissioner Richards. <br /> 21 <br /> 22 1. Discussion of Manager's Recommended FY 2022-32 Capital Investment Plan (CIP) <br /> 23 <br /> 24 BACKGROUND: Each year, the County produces a Capital Investment Plan (CIP) that <br /> 25 establishes a budget planning guide related to capital needs for the County and Schools. The <br /> 26 10-Year CIP is evaluated annually to include year-to-year changes in priorities, needs, and <br /> 27 available resources. Approval of the CIP commits the County to the first-year funding only of <br /> 28 the capital projects; all other years are used as a planning tool and serves as a financial plan. <br /> 29 <br /> 30 Capital Investment Plan —Overview <br /> 31 The FY 2023-33 CIP includes County Projects, School Projects, and Proprietary Projects. The <br /> 32 school Projects include Chapel Hill-Carrboro City Schools, Orange County Schools, and <br /> 33 Durham Technical Community College — Orange County Campus projects. The Proprietary <br /> 34 Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. <br /> 35 <br /> 36 The CIP has been prepared to anticipate moderate economic growth of approximately 2% in <br /> 37 property tax growth and 4% in sales tax growth annually over the next ten years. The CIP will <br /> 38 rely substantially on debt financing to fund the projects and these required debt amounts are <br /> 39 fully integrated in the County's Long-Term Debt Model (page 25 provides a bar chart of the ten- <br /> 40 year funding plan). <br /> 41 <br /> 42 The meeting discussion will focus on County and Proprietary CIP projects. Note: Page numbers <br /> 43 are referenced below as they appear in the CIP document. See Attachment A for the Overall <br /> 44 CIP Summary (page 21), County CIP Projects Summary (page 33), and the Proprietary CIP <br /> 45 Summaries (page 26). Discussion of the Schools CIP projects is scheduled for the May 12, <br /> 46 2022 Budget Work Session. The Orange County Campus - Durham Technical Community <br /> 47 College new academic building project will also be discussed at the May 11, 2023 meeting. <br /> 48 Discussion at this meeting will also be directed to the Debt Service and Debt Capacity — <br /> 49 General Fund (page 161), the Water and Sewer Debt Service requirements paid with Article 46 <br /> 50 Quarter Cent Sales Tax proceeds (page 162), and Debt Service requirements for Solid Waste <br />