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11 <br /> Slide #4 <br /> FY2025-35 Recommended Capital Investment Plan <br /> • Education Projects— 10 Year Plan <br /> — School Capital Funding Policy <br /> • Adopted January 2161 by BOCC <br /> • School submissions align with Board project-based allocation <br /> • $300 million School Bond <br /> — Allocated by specific project over 6-year window. <br /> — Each District starting design on elementary school in FY2025-26 <br /> — Staff adjusted sequencing of district submissions to ensure both were receiving funds at equal rates <br /> • $100 million Pay-As-You-Go(not borrowed) <br /> — Two-year phase in of Pay-Gc <br /> • FY2025-26 $6.4 million <br /> • FY 2026-27 $10 million <br /> — Additional Funding to be added in years 6-10 to achieve$100 Mover 10 years. <br /> — Provides Flexibility&No interest <br /> — Reduces Impact of Borrowing on Debt Service to General Fund Revenue Measure <br /> — Enduring Source of Maintenance Funds After Bond is Exhausted �� <br /> ORANGE COUNTY <br /> 4 NC>W1'H C:AROLINA <br /> Slide #5 <br /> FY2025-35 Recommended Capital Investment Plan <br /> • Education Projects—FY 2025-26 <br /> — Major Projects-$12.4 million <br /> Design of Garrboro Elementary <br /> OCS Elementary Schcol Design <br /> Project Management Funds <br /> — High Priority Needs—Allocated to specific projects in both districts-$6.3 M <br /> — Other Capital Uses—Allocated by Category-$6.4 M <br /> — Last Tranche of Supplemental Deferred Maintenance <br /> • <br /> Previously Authorized $26,631,000 $24,369,000 <br /> FY2025-26 $9,000,000 <br /> TOTAL $35,631,000 $24,369,000 ORANGES COUNTY <br /> 5 NORTH CAROLINA <br /> Commissioner McKee asked what the unacceptable negative impact would be if the high <br /> priority needs projects were delayed. <br /> Travis Myren said those funds would be borrowed. He said these would be HVAC or <br /> electrical system replacement projects. He said it would be a system that would impact the way <br /> a facility would operate or be able to open. <br /> Commissioner McKee said he did not see that it was borrowed funds and that even <br /> though an immediate expenditure would not be required, the debt would still have to be paid <br /> down and that has a tax impact. <br />