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7 <br /> Travis Myren noted that there are $6.5 million for the third category of spending, Other Capital <br /> Uses,which covers things like rental space,technology plans, equipment replacement, and other lifecycle <br /> capital replacements. He said this is funded through Recurring Capital and Article 46 proceeds. <br /> 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 6year 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 /> Looking at the full 10-year plan, Travis Myren noted the $300 million designated for school <br /> renovations and replacements, with $94.8 million in Pay-Go funds over 10 years. <br /> Vice-Chair Fowler said her calculation showed $90 million rather than $94.8 million. <br /> Travis Myren said they would reconcile the figures, explaining that some Pay-Go was added back <br /> in the final years, but the $94.8 million total was correct. <br /> Commissioner Carter asked about potential software expenses related to the Tax Assessment work <br /> group recommendations. <br /> Travis Myren encouraged her to look at the page called Information Technology Governance <br /> Council Recommendations in the CIP buget document. He said EagleView aerial photometric system <br /> software was recommended, which helps track property changes over time and reduces the need for <br /> intensive field work. <br /> Commissioner Carter said she was more interested in statistical machine learning software that <br /> they have heard about from other counties. <br /> Travis Myren said other counties are using regression modeling to predict value, which can be <br /> done with existing systems in the Tax Office, but utilizing it would be a new skill set that would need to be <br /> acquired. <br />