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4 <br /> cost of addressing all of the school capital needs at this time is over$1 billion.The Board carefully <br /> balanced correcting those facility deficiencies with the financial responsibility that would be <br /> passed on to taxpayers to pay for those projects. Ultimately, the Board chose a combination of a <br /> $300 million general obligation bond coupled with up to $100 million of cash or pay-as-you-go <br /> funding over 10 years. <br /> County Long Range Facility Plan <br /> The FY2025-35 CIP also integrates new County projects as recommended by the County's Long <br /> Range Facility Plan. A consulting firm recommended a total 10-year plan that totaled $130 <br /> million. The Board again balanced needs and costs and chose a funding plan totaling $90.1 <br /> million. The CIP recommends projects totaling $89.1 million in County costs. <br /> County • Projects <br /> Recommended 1 ' <br /> Year of Construction Project County Cost <br /> FY2027-28 Cedar Grove Conditioned $2,635,200 <br /> Storage <br /> FY2027-28 Emergency Services $33,571,484 <br /> Headquarters <br /> FY2028-29 510 Meadowlands Admin. $3,641,385 <br /> FY2028-29 Justice System Space Needs $16,914,576 <br /> FY2029-30 Recreation Facility $21,630,703 <br /> FY2030-31 Deconstruct Old Recreation $1,095,784 <br /> Facility <br /> FY2031-32 Southern Human Services $9,628,672 <br /> TOTAL $89,117,804 <br /> The Justice System Space Needs project was not specifically included in the County's Long-Range <br /> Facilities Plan. Since that Plan was finalized,justice system stakeholders asked County leadership <br /> to work together to take a more comprehensive view of criminal justice system operations and <br /> to create a facilities plan that more seamlessly integrates those operations. In response to this <br /> request, a Workgroup that includes criminal justice system stakeholders has been reviewing <br /> existing facility needs and analyzing options that include a more comprehensive view of the <br /> system and how it interacts with facilities. This Workgroup may recommend a different set of <br /> projects or different sequence of improvements. <br /> FY2025-35 Capital Investment Plan Cost and Financing Overview <br /> The recommended FY2025-35 CIP represents a decrease of approximately $2 million compared <br /> to the FY2024-34 Approved CIP. The first year of the Recommended CIP, FY2025-26, totals $76.4 <br /> million in capital investments. Of this amount, $38.5 million is recommended for County capital <br /> projects, $3.7 million is recommended for proprietary fund spending including Solid Waste, and <br /> Sportsplex, and $34.1 million is recommended for capital improvements to school facilities. <br /> Page 12 <br />