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4 <br /> 1 Travis Myren said county capital, propriety funds, and school capital make up 19.6%, 1.7%, and <br /> 2 78.7%of year one of the CIP respectively. He said the graph on slide#4 demonstrates the split across these <br /> 3 categories as well as the school bond projects over time. He explained that the high proportion of school <br /> 4 capital in year one reflects the two elementary school builds currently underway, and that the split shifts <br /> 5 in year two to approximately 46% schools and 51% county projects, owing to the planned Emergency <br /> 6 Services Headquarters and the Viper radio system. <br /> 7 Commissioner McKee asked whether the $118 million projected for schools in FY 2026-27 would <br /> 8 be drawn immediately upon construction commencement or in tranches. <br /> 9 Travis Myren clarified that borrowing occurs when the Guaranteed Maximum Price (GMP) is <br /> 10 received from the schools and bids are in hand, at which point the full amounts for both construction <br /> 11 projects are borrowed simultaneously. <br /> 12 Vice-Chair Fowler asked whether debt service on the proprietary funds is paid from those funds <br /> 13 rather than from the general fund. <br /> 14 Travis Myren confirmed this, specifying that Sportsplex revenue covers the Sportsplex, and the <br /> 15 Solid Waste Fund revenue covers Solid Waste,with some Article 46 debt service also flowing through that <br /> 16 is not general fund money. <br /> 17 <br /> 18 Slide#5 <br /> FY2026-36 Recommended Capital Investment Plan <br /> • 2700 Homestead Rd Facility $339,500 (p.55) Housing For Ail Objectives <br /> Resilient Community Goals <br /> — Lease pending approval by UNC Board of Trustees and <br /> Board of Commissioners <br /> • Sublease—30%of facility to Town of Carrboro Public Works <br /> • Town would share operating costs and cost of system improvements <br /> — Renovation for Cold Weather Cots for fall/winter 2026127- <br /> $30,000 <br /> — Design of HVAC, roof replacement, renovation for housing <br /> human services resources-$309,500 <br /> • Pending concept plan to the Board of Commissioners in Fall 2026 x' <br /> • Create spaces for broader use for Housing and Social Services <br /> resources 2700 Homestead Road,Chapel Hill <br /> — Renovation costs estimated at$3.3 million in FY2027-28 <br /> ORANGE COUNTY <br /> e NORTH CAROLINA <br /> 19 <br /> 20 Travis Myren introduced the 2700 Homestead Road project, reminding the Board that this UNC- <br /> 21 owned facility had been identified in September as the primary southern location for the county's cold <br /> 22 weather cot program. He noted the lease is a ten-year ground lease at effectively no cost,pending approval <br /> 23 by the UNC Board of Trustees, after which it would return to the Board of Commissioners for approval. <br /> 24 Start-up costs for the cold weather cot program were estimated at $30,000, requiring no additional <br /> 25 renovations. He further proposed bringing back a concept plan in the fall for other potential uses of the <br /> 26 facility, at which point planning funds might be requested. <br />