HomeMy WebLinkAboutAgenda - 03-08-1995 - X-B ORANGE COUNTY
BOARD OF COMMISSIONERS
Action Agenda
Item No X-B
ACTION AGENDA ITEM ABSTRACT
Meeting Date: March 8, 1995
SUBJECT: 1995-2000 Manager's Recommended CIP
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DEPARTMENT Budget Office PUBLIC HEARING YES NO
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ATTACHMENT(S) : INFORMATION CONTACT
Manager's Recommended CIP Budget Office, ext. 2151
(under separate cover) County Manager, ext. 2300
TELEPHONE NUMBER
Hillsborough 732-8181
Chapel Hill 968-4501
Mebane 227-2031
Durham 688-7331
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I
PURPOSE : To receive the County Manager's Recommended 1995-2000 Capital
Improvement Plan.
BACKGROUND:
Each year, the County Commissioners discuss and then adopt a five year
Capital Improvement Plan that is designed to plan, budget, and account
for long-lived assets that involve large expenditures, often extended
over multi-year periods. Items typically included in the CIP are
construction, refurbishment, or purchases of buildings; land acquisition
or improvement; and major equipment acquisition and financing. The CIP
process offers the opportunity for periodic, scheduled review of long-
term capital needs, and permits timely acquisition and phased financing
of major assets.
Staff will make a brief report on significant aspects of the proposed
1995-2000 CIP and respond to any Commissioner comments or questions. No
decisions are required at this time, as a public hearing is scheduled for
March 21 , 1995, and a CIP worksession is planned for March 30, 1995.
RECOMMENDATION:
The Manager recommends that the Board receive this report for information
only at this time.