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HomeMy WebLinkAboutAgenda - 03-03-2015 - 6mORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: March 3, 2015 SUBJECT: Reimbursement Resolution for FY 2014 -15 Capital Pro DEPARTMENT: Finance and Administrative Services ATTACHMENT(S): Attachment 1. Reimbursement Resolution Attachment 2. Internal Services Fund Vehicle Listing for FY 2014 -15 Action Agenda Item No. 6 -m and Eauipment PUBLIC HEARING: (Y /N) No INFORMATION CONTACT: Paul Laughton, (919) 245 -2152 PURPOSE: To approve a Resolution providing for reimbursement of FY 2014 -15 Capital Project costs. BACKGROUND: At its November 6, 2014 meeting, the Board of County Commissioners (BOCC) received preliminary information for the financing of various projects and equipment as approved as part of the Capital Investment Plan (CIP) projects for FY 2014 -15. Additionally, there were some previous year capital projects, although approved as budgetary, for which the financing was not issued due to the project schedules. The attached Reimbursement Resolution (Attachment 1), including the Project Components listed on Exhibit A, allows the County to advance funds, if needed, for these initial project costs and equipment, and then reimburse itself from financing proceeds once final financing has been secured and approved by the Board of County Commissioners later this Spring. Also attached (See Attachment 2) is a final list of County vehicles to be purchased through the Internal Services Fund as part of the equipment portion of the financing. The initial list provided to the BOCC in June 2014 totaled $775,119. The updated list totals $756,388. This decrease of $18,731 is attributed to a change in the type of ambulance for Emergency Services. Attachment 2 explains this change in more detail. FINANCIAL IMPACT: As stated in the Background section, this Reimbursement Resolution allows the County to advance funds for these initial project costs and equipment, and then reimburse itself from financing proceeds once final financing has been secured and approved by the Board of County Commissioners later this Spring. RECOMMENDATION(S): The Manager recommends the Board approve the Reimbursement Resolution. RES- 2015 -015 2 Attachment 1 Orange County -- Reimbursement Resolution for FY 2014 -15 Capital Projects and Equipment WHEREAS -- The County intends to undertake a Project (as described below), use its own funds to pay initial Project costs, and then reimburse itself from financing proceeds for these early expenditures. The Manager and the Finance Officer have advised the Board that it should adopt this resolution to document the County's plans for reimbursement, in order to comply with certain federal tax rules relating to reimbursement from financing proceeds. BE IT RESOLVED by the Board of Commissioners of Orange County, North Carolina, as follows: 1. The Project is the acquisition, construction and equipping of the public assets and improvements described on Exhibit A. 2. The County intends to advance funds for initial Project costs, and then reimburse itself from financing proceeds. The expected primary type of financing for the Project (which is subject to change) is installment financing under Section 160A -20. The financing may include more than one installment financing, and may include installment financings with equipment vendors and installment financings that include the use of limited obligation bonds. The expected maximum amount of obligations to be issued or contracted for the Project (not including allowances for reserves and financing costs) is approximately $16,236,703. 3. Funds for the early Project expenditures may come from the County's General Fund, or any other County fund. 4. The County intends for the adoption of this resolution to be a declaration of its official intent to reimburse itself from financing proceeds for Project cost expenditures. Exhibit A — Project Components Project Component Estimated Cost ($) Improvements to Cedar Grove Community Center 2,822,226 Southern Orange Campus — planning and improvements 400,000 HVAC projects at various County facilities 355,999 Roofing projects at various County facilities 179,010 Information technology (including central permitting software) 1,250,000 Communications systems improvements, especially for the Sheriff's department and emergency services systems 122,000 Soccer.com soccer center — improvements and land acquisitions 125,000 Lands Legacy acquisitions 2,400,000 Efland water and sewer improvements 4,581,400 Sportsplex — pool mezzanine 950,000 Improvements for Eubanks Road solid waste convenience center 1,097,012 Vehicle replacements 756,388 In -car camera replacements for Sheriff's office 517,798 Board of Elections equipment 679,870 TOTAL 16,236,703 4 Attachment 2 Vehicle Replacement - Internal Service Fund Purpose of Fund In FY 2012 -13, the Commissioner Approved Budget established a second Internal Service Fund, for County vehicle purchases. Internal Service Funds are an accounting device used to accumulate and allocate costs internally among the functions of the County. Historically, the County has used an internal service fund to account for one activity - its employee dental insurance program. With the creation of this Vehicle Replacement Fund, vehicles purchased occur through this fund instead of the departments' operating budgets. The change centralizes vehicle purchases, which increases the effectiveness of vehicle performance and cost monitoring. Recommendations are founded upon vehicle age, mileage, maintenance costs, fuel efficiency, and departmental mission need. The average age and accumulated mileage of the recommended replacements are 13 years and 143,000 miles, respectively. Recommended replacement vehicle platforms are the Toyota Prius for administrative, highway and street use; the Chevrolet Equinox for moderate all- terrain use; the Chevrolet All Wheel Drive Equinox for heavy all- terrain use; the Ford Transit Connect for highway utility, service and light cargo use; the Ford F150 (both two and four wheel drive) for heavy utility use with the 4x4 option for heavy all- terrain use for Environmental Health, Emergency Services, and DEAPR missions; and the Dodge Durango or Dodge Charger for non -jail law enforcement use. All platforms are evaluated for department mission utility, durability, maintenance standardization, and fuel efficiency. The initial Vehicle Replacement list was provided to the BOCC in June 2014 and totaled $775,119. The updated list totals $756,388. The decrease of $18,731 is mostly attributed to a change in the type of ambulance for Emergency Services. The medium duty ambulance that the department currently utilizes is on a Freightliner chassis that does not have airbags for drivers, has a harsh ride for patients, and the maintenance requirements have not met the County's expectations. The recommended replacement ambulance is a Four Wheel Drive ambulance on a Ford F -550 chassis with both front and rear airbags, provides a very comfortable ride for patients, access to the supplier's mobile maintenance services, access to a maintenance facility in Richmond, VA that is only 2.5 hours away for significant maintenance issues, and the chassis can be serviced locally in Hillsborough. The list below outlines the final recommended vehicles for FY 2014 -15. Pricing is based upon current FY 15 State Contract rates. FY 2014 -15 Recommended Vehicles Department Item Description Cost Asset Management Services Ford F150 4x4 — Replaces #342 1995 Ford F15 $20,244 2 Ford E250 4x4 — Replace #625 2004 Chevrolet Silverado Animal Services 1500 and #669 2005 Chevrolet Silverado; includes $90,183 aftermarket upfit costs Department of Environment, Agriculture, Ford F150 Regular Cab 4x4 — Replaces #533 1996 Chevrolet $20,244 Parks and Recreation pickup Ford F150 4x4 — replaces #659 2006 Ford Expedition; $37,900 includes aftermarket upfit costs 2 Chevrolet Tahoe's 4x4 — replaces 2006 Ford Expeditions $84,642 Emergency Services #660 and #661; includes aftermarket upfit costs Ambulance — Ford F -550 chassis 4x4 to replace #633, a Wheeled Coach ambulance (Emergency Medical Services); $233,681 includes aftermarket upfit costs Health Toyota Priuses — Replaces #410 1998 Crown Victoria $21,800 Sheriff 4 Dodge Durango's and 3 Dodge Chargers - replacements for Ford Crown Victoria Interceptors (Non -Jail Operations) $204,715 Social Services Toyota Prius — replaces #527 2001 Ford Taurus $22,360 Tax Administration Chevrolet Equinox All Wheel Drive — replaces #515 2001 $20,619 Chevrolet Malibu FY 2014 -15 Recommended Total: $756,388 FY 2014 -15 Source of Funds: Short -term Installment Financing /Internal Reserves $(756,388) Net County Cost: $ -