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1 <br />APPROVED 6/4/24 <br /> MINUTES <br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />BUDGET WORK SESSION-CIP <br />April 9, 2024 <br />7:00 p.m. <br /> <br />The Orange County Board of Commissioners met for a CIP Budget Work Session on Tuesday, <br />April 9, 2024, at 7:00 p.m. at the Southern Human Services Center in Chapel Hill, NC. <br /> <br />COUNTY COMMISSIONERS PRESENT: Chair Jamezetta Bedford and Commissioners Amy <br />Fowler, Jean Hamilton, Earl McKee, Phyllis Portie-Ascott, and Anna Richards <br />COUNTY COMMISSIONERS ABSENT: Vice-Chair Greene <br />COUNTY ATTORNEYS PRESENT: None <br />COUNTY STAFF PRESENT: County Manager Bonnie Hammersley, Deputy County Manager <br />Travis Myren, and Clerk to the Board Laura Jensen. (All other staff members will be identified <br />appropriately below) <br /> <br /> Chair Bedford called the Board of County Commissioners meeting to order at 7:01 p.m. <br />All Commissioners were present, except Vice-Chair Greene. <br /> <br />1. Discussion of Manager’s Recommended FY 2024-34 Capital Investment Plan (CIP) <br /> <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 10- <br />Year CIP is evaluated annually to include year-to-year changes in priorities, needs, and available <br />resources. Approval of the CIP commits the County to the first-year funding only of the capital <br />projects; all other years are used as a planning tool and serves as a financial plan. <br /> <br />Capital Investment Plan – Overview <br />The FY 2024-34 CIP includes County Projects, School Projects, and Proprietary Projects. The <br />School Projects include Chapel Hill-Carrboro City Schools, Orange County Schools, and Durham <br />Technical Community College – Orange County Campus projects. The Proprietary Projects <br />include Water and Sewer, Solid Waste Enterprise Fund, and Sportsplex projects. <br /> <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. The CIP will <br />rely substantially on debt financing to fund the projects and these required debt amounts are fully <br />integrated in the County’s Long-Term Debt Model (page 40 provides a bar chart of the ten-year <br />funding plan). <br /> <br />The meeting discussion will focus on County and Proprietary CIP projects. Note: Page numbers <br />are referenced below as they appear in the CIP document. See Attachment A for the Overall CIP <br />Summary (page 36), County CIP Projects Summary (page 48), and the Proprietary CIP <br />Summaries (page 123). Discussion of the Schools CIP projects is scheduled for the May 16, <br />2024 Budget Work Session. <br /> <br />Discussion at this meeting will also be directed to the Debt Service and Debt Capacity – General <br />Fund (page 171), the Water and Sewer Debt Service requirements paid with Article 46 Quarter <br />Cent Sales Tax proceeds (page 172), and Debt Service requirements for Solid Waste (page 173) <br />and Sportsplex (page 174).