Agenda 02-06-24; 8-a - Minutes - Laserfiche WebLink

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22 1 Commissioner Fowler said 6% a year was planned for Chapel Hill High School and actual 2 inflation was around 30%. She asked how is 3% adequate. 3 David Sturtz said 3% is a low number but it is what average was prior to COVID. He said 4 that inflation can be adjusted and acknowledged that 3% is low, but it includes hard and soft costs. 5 He said if higher inflation needs to be modeled, it can be. 6 Commissioner McKee said he appreciates what the consulting team has done. He said 7 he is not interested in taxing residents out of the county. He said the Board will have to find some 8 middle ground. He said that he lived through 20-25 years of increases and that he remembers 9 what that did to homeowners. He said they are sitting in an old school building, and it was made 10 to be very nice and useful. 11 David Sturtz said that middle ground is practically the top priority in both districts. He said 12 if phase one needs to be 10, 15, 20 years, that it needs to be top priority. 13 Commissioner McKee said that they are in a catch 22. 14 David Sturtz said they have worked with others on revenue streams. He said that frankly, 15 they need help from the state coming in. He said that he understands they are in a conundrum. 16 He said major renovations, major construction, and bumping up the maintenance and operations 17 spending as much as they can. 18 Travis Myren said on December 12th the Board will run scenarios through debt models 19 and provide the tax equivalent analysis. He said they will show how that impacts debt to general 20 fund policy. 21 Commissioner Richards said at that point there will be a not to exceed number and then 22 they can go back and reprioritize to see what fits. 23 Chair Bedford said in early April the County Manager's CIP budget will be considered. 24 Commissioner McKee said the last time the Board talked about bonds there was a $125 25 million limit. He said it was difficult because they had to decide if they focus it all on schools or 26 how it would be used. He said it ended up the need was so great for the schools, they majority 27 focused on using it at all for the schools. 28 Chair Bedford said it would be nice to see the schedule again to see revenue from 29 economic development. 30 Travis Myren said revenue assumptions are built into the debt model and they will go 31 through all of those assumptions. 32 Commissioner Hamilton thanked the Woolpert team for the presentation. She said a plan 33 is needed to try to start digging the county out of a hole. She said that she wants to get the full 34 number so the community can understand how much it really costs. She said that the Board still 35 needs to advocate to the state for more investment in school capital needs. She said this report 36 helps them make decisions while having all of the information. She said that investing in children 37 saves money in the future on other items. She said this starts them on the road to meet the needs 38 of children. 39 Chair Bedford asked if Phases 1 and 2 were part of option D. 40 David Sturtz said the difference between option C and D is timing. He said that once there 41 is a hard number to plan to, they can funnel down option D within that time. 42 Chair Bedford said she wants to see the state of the facilities conditions report. She said 43 she would also like to see the background report. She said that would help her understand the 44 recommendations better. She asked if they looked at taking Glenwood offline and place housing 45 for teachers there. 46 David Sturtz said no. 47 Chair Bedford asked if they would be willing to sit with a group of commissioners to go 48 over needs at each school. 49 David Sturtz said they could do a remote meeting. 50