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HomeMy WebLinkAboutOrdinance - Budget - 1998-2008 Capital Investment Plan CIP Adoption -06-02-1998-9bORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: June 2, 1998 Action Agenda Item No. G~_b SUBJECT: 1998-2008 Capital Investment Plan (CIP) Adoption DEPARTMENT: County ManagerBudget PUBLIC HEARING: (Y/N) BUDGET AMENDMENT: (Y/1~ ATTACHMENT(S): 1998-2008 CIP (previously distributed) 1998-2008 County Project Allocations Spreadsheet "~ INFORMATION CONTACT: Rod Visser, ext 2300 Donna Dean, ext 2150 TELEPHONE NUMBERS: Hillsborough 732-8181 Chapel Hill 968-4501 Durham 688-7331 Mebane 227-2031 PURPOSE: To consider adoption of the 1998-2008 Capital Investment Plan. BACKGROUND: On March 17, 1998, the County Manager presented the recommended 1998- 2008 Capital Investment Plan to the Board of County Commissioners. At its Apri17, 1998 meeting, the Board conducted a public hearing and heard citizen comments regarding the proposed plan. At its meeting on Apri121, 1998, the Boazd held further discussion about the CIP and identified additional information needed to facilitate final deliberations about the CIP. At the May 6, 1998 meeting, the Board discussed the possibility of including funding for implementation of the PACE program to promote farmland preservation. At the May 19 meeting, the Board approved the allocation of $100,000 for farmland preservation, held in reserve in the 1998-1999 CIP, pending adoption of a conservation easement program specific to Orange County. The Board also approved a decision to proceed with a $4.8 million private placement loan to carry out major renovations at the Whiffed and Northern Human Services Centers, and to replace the Chapel Hill Senior Center. The Board indicated its intention to discuss at its next meeting the options available for funding the debt service on that private placement loan. The 1998-2008 CIP was compiled based on the assumption that the 1 cent on the countywide tax rate earmarked for the schools/parks capital reserve since 1995-96 would be reallocated to underwrite County projects, beginning in 1999-2000. By the end of 1998-99, staff estimates that over a four year period, almost $2.4 million in tax receipts acid investment earnings will have accrued in this reserve, which would remain intact and available for land purchases as originally intended. The Board has discussed continuing the 1 cent earmarking, which would require reductions in some of the project allocations included in the recommended CIP for the years 1999- Summary County Capital Projects 1998-08 Capital Investment Plan County Manager Recommended Public Buildings and Equipment Building Safety 1998-99 103,451 1999-00 0 2000-O1 0 2001-02 0 2002-03 0 2003-04 0 2004-05 0 2005-06 0 2006-07 0 2007-08 0 Total $103,451 Court Street Annex 15,000 115,000 0 0 0 0 0 0 0 0 $130,000 County Facilities Maintenance 0 0 0 0 0 1,940,000 1,940,000 1,940,000 1,940,000 1,940,000 $9,700,000 Energy Retrofitting 0 25,000 25,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 $750,000 Equipment and Record Storage 0 69,575 69,575 0 50,000 50,000 0 50,000 0 0 $289,150 Equipment and Vehicles 239,506 241,747 210,018 205,6]8 223,406 221,509 221,509 221,509 221,509 221,509 $2,227,840 Government Services Annex 30,000 10,000 0 0 0 0 0 0 0 0 $40,000 Handicapped Access 0 15,000 15,000 15,000 15,000 0 0 0 0 0 $60,000 Homestead Center 0 0 25,000 0 0 0 0 0 0 0 $25,000 Information Technology 614,040 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 $6,014,040 Loan Pool 50,000 0 0 0 0 0 0 0 0 0 $50,000 New Courthouse 68,250 0 0 0 0 0 0 0 0 0 $68,250 Northern Human Services 1,080,500 0 0 0 0 0 0 0 0 0 $1,080,500 w Summary County Capital Projects 1998-08 Capital Investment Plan County Manager Recommended Public Buildings and Equipment 1998-99 1999-00 2000-O1 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-OS Total Public Works 1998.99 1999-00 2000-O1 2001-02 2002-03 2003-04 2004-OS 2005-06 2006-07 2007-08 Total Equipment & Vehicles $102,925 S160,571 $168,218 $168,218 $168,218 $113,218 $113,218 S113,218 $113,218 $113,218 $1,334,237 Solid Waste Centers 0 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 $450,000