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HomeMy WebLinkAboutAgenda - 03-08-1993 - VII-C 1 ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda Item No VIE-C_ ACTION AGENDA ITEM ABSTRACT Meeting Date: March 8, 1993 SUBJECT: 1993-98 Manager's Recommended CIP DEPARTMENT County Manager/Budget PUBLIC HEARING YES NO X ATTACHMENT(S) INFORMATION CONTACT Manager's Recommended CIP Budget Office, ext 2152 (under separate cover) County Manager, ext 2300 TELEPHONE NUMBER Hillsborough 732-8181 Chapel Hill 968-4501 Mebane 227-2031 Durham 688-7331 PURPOSE: To receive the County Manager' s Recommended 1993-98 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 1993-98 CIP and respond to any Commissioner comments or questions. No decisions are required at this time, as a public hearing and further discussion and deliberation are planned for subsequent meetings of the Board of Commissioners. RECOMMENDATION: The Manager recommends that the Board receive the report for information only at this time.