Orange County NC Website
Browse       Search
8 <br /> 1 Commissioner Richards asked if the county will actually spend funds in FY 2023-24 or if <br /> 2 the planning is included in the CIP because it's associated with a capital project. <br /> 3 Travis Myren gave an example of the Crisis Diversion facility, which will be funded next <br /> 4 year for planning and design, and then the following year is construction funding. He said the <br /> 5 full $25 million would be financed altogether for one project. He said that the county would get <br /> 6 a bid for the whole project and take that to the Local Government Commission. <br /> 7 Commissioner Richards said there are a couple of projects she has questions on but will <br /> 8 wait until Travis Myren gets there in the presentation. <br /> 9 Commissioner Portie-Ascott asked what the 2.85 cent tax increase would mean for an <br /> 10 average household. <br /> 11 Travis Myren said he can follow up with that information <br /> 12 Vice-Chair McKee said it is $285 on a $100,000 house. <br /> 13 Vice-Chair McKee asked if the county had a hypothetical project that is $25 million total, <br /> 14 and they only pull $2 million for the first year, would they pay interest on the total amount? <br /> 15 Travis Myren said the county would only borrow the $2 million in the planning year. <br /> 16 Travis Myren said they won't know what construction costs will be until the planning <br /> 17 money is spent. He said they will borrow only the $2 million that is needed for the planning <br /> 18 process and then once they have completed that phase, they will know what the construction <br /> 19 costs look like and they will then go and borrow the construction costs. <br /> 20 Vice-Chair McKee asked if the full funding for a project is pulled upfront or if funds are <br /> 21 pulled down as needed. <br /> 22 Travis Myren said it would be pulled day one because the county needs that for legal <br /> 23 authorization to enter into a contract. <br /> 24 Vice-Chair McKee said he asked because it makes a difference in the amount of interest <br /> 25 the county will pay. <br /> 26 <br /> 27 Slide #11 <br /> FY2023-33 Recommended Education Projects <br /> Orange CountyCampus Expansion — DTCC -$10.5 million(p, 14 4) <br /> $500,MO plan nlnVck�s gn funds authorized in FY2022-23 <br /> Expand existing building by 13,000 to 18,000 square feet <br /> Program Areas Served <br /> Enmrgenc.y Medical Services. <br /> Heath aril Wetness <br /> • Skilled Trades. <br /> Back Lo Warm and Sm" Business Center <br /> Student StWy Areas <br /> Student Support Servlce-s Off lee Space <br /> ORANGE COUNTY <br /> 11 NC>FILTL-I C RLDI-INA <br /> 28 <br /> 29 <br />