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9 <br /> Vice-Chair Hamilton clarified that the Chair Bedford would sign the letters on behalf of <br /> the Board. <br /> Chair Bedford said those letters will be part of the minutes and the public record. She <br /> said that letters are usually part of the agenda packet, but this came along and is due by <br /> Thursday. She said that Hillsborough was able to get funding a few years ago so there is some <br /> hope. <br /> d. Presentation of Manager's Recommended FY 2025-35 Capital Investment Plan (CIP) <br /> The Board received the Manager's Recommended FY 2025-35 Capital Investment Plan. <br /> BACKGROUND: Each year, the County produces a Capital Investment Plan (CIP) that <br /> establishes a budget planning guide related to capital needs for the County and Schools. The <br /> 10-Year CIP is evaluated annually to include year-to-year changes in priorities, needs, and <br /> available resources. Approval of the CIP commits the County to the first-year funding only of <br /> the capital projects; all other years are used as a planning tool and serves as a financial plan. <br /> Capital Investment Plan — Overview <br /> The FY 2025-35 CIP includes County Projects, School Projects, and Proprietary Projects. The <br /> School Projects include Chapel Hill-Carrboro City Schools, Orange County Schools, and <br /> Durham Technical Community College — Orange County Campus projects. The Proprietary <br /> Projects include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. <br /> The CIP has been prepared anticipating moderate economic growth of approximately 2% in <br /> property tax growth and 4% in sales tax growth annually over the next ten years. All tax increase <br /> estimates in the CIP are based on the anticipated FY 2025-26 valuation following the 2025 <br /> revaluation, not the County's current FY 2024-25 valuation. The CIP will rely substantially on <br /> debt financing to fund the projects and these required debt amounts are fully integrated into the <br /> County's Long-Term Debt Model. <br /> Travis Myren made the following presentation: <br /> Slide #1 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Introduction of the Capital Investment <br /> Plan for FY2025-35 <br /> Board of Commissioners Business Meeting <br /> April 1, 2025 <br />