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