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7 <br /> 1 Travis Myren noted that there are $6.5 million for the third category of spending, Other Capital <br /> 2 Uses, which covers things like rental space, technology plans, equipment replacement, and other <br /> 3 lifecycle capital replacements. He said this is funded through Recurring Capital and Article 46 proceeds. <br /> 4 <br /> 5 Slide#6 <br /> FY2026-36 Recommended Capital Investment Plan <br /> • Implementation of Long-Range School Optimization Plan — 10-Year Plan <br /> — School General Obligation Bond -$300 million <br /> • Allocated by specific project over 6-year window <br /> — Pay-As-You-Go (Cash)-$94.8 million <br /> • 3 Year Phase-In Recommended <br /> — FY2026-27 $3.5 million <br /> — FY2027-28 $6.5 million <br /> — FY2028-29 $10 million in FY2028-29 and all subsequent plan 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 /> 6 NORTH CAROLINA <br /> 6 <br /> 7 Looking at the full 10-year plan, Travis Myren noted the $300 million designated for school <br /> 8 renovations and replacements, with $94.8 million in Pay-Go funds over 10 years. <br /> 9 Vice-Chair Fowler said her calculation showed $90 million rather than $94.8 million. <br /> 10 Travis Myren said they would reconcile the figures, explaining that some Pay-Go was added back <br /> 11 in the final years, but the$94.8 million total was correct. <br /> 12 Commissioner Carter asked about potential software expenses related to the Tax Assessment <br /> 13 work group recommendations. <br /> 14 Travis Myren encouraged her to look at the page called Information Technology Governance <br /> 15 Council Recommendations in the CIP buget document. He said EagleView aerial photometric system <br /> 16 software was recommended, which helps track property changes over time and reduces the need for <br /> 17 intensive field work. <br /> 18 Commissioner Carter said she was more interested in statistical machine learning software that <br /> 19 they have heard about from other counties. <br /> 20 Travis Myren said other counties are using regression modeling to predict value, which can be <br /> 21 done with existing systems in the Tax Office, but utilizing it would be a new skill set that would need to <br /> 22 be acquired. <br /> 23 <br /> 24 <br />