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Item 3 - Debt Issuance Schedule 102504
Orange County Hillsborough North Carolina 3uaget oFboe TO: Orange County Board of Commissioners FROM: Donna Dean, Budget Director DATE: October 21, 2004 RE: October 25, 2004 Debt Issuance Schedule kar_bmerry � 6,-ta6zis1-7ea 4,�5:2 The attached spreadsheet proposes an updated version of the County's Debt Issuance Schedule for currently programmed alternative financing and 2001 voter approved bonds. As with the Board endorsed May 5, 2004 version of the schedule, at a quick glance, the spreadsheet appears very complicated to follow; therefore, the following information attempts to clarify the information contained in the schedule. Columns • Columns A through E (shaded in light green) reflect the issuances that have occurred since fiscal year 2002-03. • Columns F through L approximate, by fiscal year, debt issuance amounts that would be needed for each project. The amounts coincide with the most recent cash flow projections received from County staff as well as the County's bond partners. o Columns M through 0 provide total debt funding for individual projects. Rows o The first line for each project (highlighted in gray) provides, by project, the estimated debt issuance amounts that the Board endorsed at the May 5, 2004 work session. o The second line for each project (highlighted in pink) provides, by project, the most recent debt issuance amounts that staff is proposing on October 25, 2004. • Rows 62 and 63 of the chart includes the Board approved two-thirds net debt bond issuance of $4.2 million that was issued in July 2004. Additional information related to specific project recommendations is included on the spreadsheet entitled "Proposed Projects to Fund with 2004 Two-Thirds Net Debt Bonds" (Attachment 3 of the enclosed CIP materials). • Row 67 (highlighted in gray) of the chart provides the grand total of all projects endorsed by the Board on May 5, 2004. • Row 68 (highlighted in pink) of the chart provides the grand total of all projects proposed by staff on October 25, 2004. o Row 69 of the chart (highlighted in purple) provides the grand total of the approved debt issuance schedule originally approved by the Board on September 3, 2002. Feel free to contact me if you have additional questions regarding the attached Debt Issuance Schedule. 7-elepho,ne: PV) F-M,?lZ: PLC. kS FAX: 202 Sak th ORP terott Street PO-'& 07Fbce gOx,?Igs Debt Issuance Schedule By Fiscal Year Alternative Financing, 2001 Voter Approved Bonds and 2004 Two Thirds Net Debt Reduction Bonds Color Legend Debt Issued in Fiscal Years 2002-03 through 2004-05 BOCC Endorsed May 5, 2004 Issuance Schedule Staff Proposed October 25, 2004 Debt Issuance Schedule BOCC Approved September 3, 2002 Debt Issuance Schedule Page 1 of 3 FY 2002 -03 ry- 7005M FY 2004-05 FY 2005-06 FY 2006-07 FY 2007 -08 Total Bond - -XI-ternative Bond Alternative ' Bond Alternative Bond Alternative Bond Alternative Bond Bond_ Alternative 1 Project Total M N 0 A a C D -E F G H I i -Alternative L 1 Schools CHCCS - Chapel Hill High -1 2 $75%000 $0 $0 $0 $1,260,000 $W, 30111111112211 f 11PEreffill., 1" 2 3 5 $760,000 $0 $0 $0 $1,250,000 $0 4 CHCCS Elementary #10 $0 $0 $0 $0 $0 $11,100,000 $0 $0 1 $0 $0 $0 $0 $o $1,700,000 6 CHCCS Elementary #9 7 $11,100,000 $0 $0 $0 $1,700,000 ploolts,14, 1/711111111/0 . . . . . . . . . . . . 2111" AN/ MIN '11/11HIM/ SON A ...... 01 Of %�, 4 1 AV MINNIE .... "I 2C, %,0 /i // 13 16 17 8 CHCCS High School #3 (funded at $30 million) $o $0 $0 $0 9 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 lo CHCCS Unfunded from Bond Request 11 $0 $900,000 $0 $0 $0 $o $0 $0 $0 $0 12 OCS - Hillsborough Elementary 13 $900,000 $o $0 $0 so $0 Lo $0 so 14 OCS Addition to Board of Education Building 15 $0 $0 $0 $0 $o 16 OCS Middle School #3 $1 440040 $o $0 $0 $4,614,000 $4,614,000 $0 $0 17 $1,000,000 $0 $0 $950.000 $0 $0 $0 $0 18 OCS Orange High Renovations 19 $0 $950,000 $0 Total 6106/04 Proposal for 777777771/ =,,/ 7 /W 20 Schools $13,750,000 $960,000 $0 $0 $7.664,000 ON, 77777777`� u-mm/w/ am p��g//r AR /4 20 Total 10125104 Proposal for 21 School 5950,000 $0 $0_ $7,564,000 21 22 22 Parks, Recreation & Open Space 23 Chapel Hill District Park (Twin Creeks Park) $20OLOOO to $0 so $1,000,000 $1,000,000 1 �126000 $125,000 $660,000 jM15MM' 1120 . ... ..... 11 r. 24 26 27 24 $200,000 $125,00 $o $0 $0 $o $0 $0 25 Efland Cheeks Park 1 Phase 2) 26 $126,000 $200,000 $0 $0 $0 $0 $0 $o 27 - Fairview Park I 28 $260,000 $0 $0 $O $650,000 Page 1 of 3 Debt Issuance Schedule By Fiscal Year Alternative Financing, 2001 Voter Approved Bonds and 2004 Two Thirds Net Debt Reduction Bonds Color Legend Debt Issued in Fiscal Years 2002-03 through 2004-05 SOCC Endorsed May 5, 2004 Issuance Schedule Staff Proposed October 25, 2004 Debt Issuance Schedule BOCC Approved September 3, 2002 Debt Issuance Schedule FY 2562:53 1 FY 2003-04 1 FY 2004 -05 1 FY 2005:69 1 FY 2006-07 1 F7 2057:55 1 Total Bond Band native I Uond I Alternative I Bond I Alternative I Bond 1 Alternative 1 Bond a Bond I Alternative I FUoectT7'.-' AlternallY0, C Alternative Alternative A 1 5 1 E I F I G I H I L I IM N 0 29 Homestead Aquatics Center $0 $0 $0 $0 $3,500,000 $o $0 $0 $0 $0 $0 $o $3500 000 $o] $3,S0,04000, 29 30 $0 $0 $0 $0 $3,600,000 77/7-577/7777/77130/5 WE i / %/ // / 30 31 Joint Town-County Open Space/Greenways $400,000 $0 $0 $0 $350,000 $o- 25.000, $0 $675000 $0 $0 $0 $1,7160,000 $0 1 31 32 $400,000 $0 $0 $0 $350,000 33 Lands Legacy $1,750,000 $0 $0 $0 $1,750,000 '$0" 'sT,00q,'0qb' 6, 1 ''0.64."Og 33 34 $1,760,000 $0 $0 so $1,750,000 NWE-01 101— M , , "" 34 35 Northern Human Services Center Park $200,000 $0 $0 1 $0 $500,000 $0 $50000 $0,11 $0, $0 $611, so, $faomblo '41,."id0.A#I) 35 31 $200,000 $0 $o 1 $0 $500,000 IMMM varm's /a . . . . . . 36 37 Smith Middle School Park $260,000 $0 0 $0 $0 411 $o $d� 37 38 $260,000 $o $0 $0 $o 777/77 im/77777W HE 03 'g IF �"k 10/1 —7 8 39 Soccer Super Fund $500,000 $o $0 $0 $1,000,onn $o' ti: 4' " 39 40 $500,000 _so — $0 $o $1,000,000 7 7757my 40 41 Southern Community Park $0 $0 0 $0 $0 $2,000,000 $0, —o '$ to//" '000 44"", "0 41 42 $0 $0 $0 $0 $2,000,000 42 44 Total 6106104 Proposal for Parks, Recreation and Open Space $3,625,000 $0 $0 $0 $10,875,000 $0;; 44.171'000'; so A 44 45 Total 10126/04 Proposal for Parks, Recreation and Open Space $3,625,000 $0 $0 $0 $10,875,000 qgow, 7 7/_'77�77/7/7/ 4 4 "A 46 46 Affordable Housing $1 �300�000 $0 $o 1 $0 $1,300,007 900 000" Q, "to/ J� U 46 47 $1,300,000 $0 7777'77W,7/110/�/�' 6'1',"211' 1111 MAIM j, My "I'll 47 48 Conservation Easements $0 $1,000,000 $o 1 $0 $0 �ib 74/11 I " kk So, ; ''/, /",$ , 48 49 $o $1,000,000 $0 1 $0 $0 1 ty'777777/a OR/ L N 49 Page 2 of 3 Debt Issuance Schedule By Fiscal Year Alternative Financing, 2001 Voter Approved Bonds and 2004 Two Thirds Net Debt Reduction Bonds Color Legend Debt Issued in Fiscal Years 2002 -03 through 2004 -05 BOCC Endorsed May 5, 2004 Issuance Schedule Staff Proposed October 25, 2004 Debt Issuance Schedule BOCC Approved September 3, 2002 Debt Issuance Schedule t0 Includes funding for a 25,000 square foot Senior Center located in southern Orange County and a 15,000 square foot center located in central /northern Orange County. Page 3 of 3 FY 2 3 FY 2603-04 FY 2004-06 FY 2005-06 FY 2009:37 FY 07.08 Total Bond: Alternative 'Bond Alternative: Band Alternative Bond Alternative Bond Alternative Bond Alternative Bond Alternative act Total F H I J L M N O 50 Senior Centers "I 50 Total 6106/04 Proposal for Senior 51 Centers $500,000 $0 $0 $0 $0 $2,150,000 :$3,500,000 $0 $0 $0, $0, $0 $4,000,000 $2,150,000 $0,180,000 '' 51 /, �� / / / /; /e, ,vOr �!' , ,aG // ✓G ,;, ,,,,, /e ,,,,,, ,,,, ,,,,,,; , /Me/ Total 1012/04 Proposal for Senior 52 Centers $500,000 $0 $0 $0 $0 ,oi2;,151001�i !ac$u001t 1!00 $O% , v,$41 rar% rir„ &A ,,; $,pra r,,,,,,e 0$)9 ;; ,$�} 91-0,0 9 DA7/ $ +1A,AOOi %ii�',1$O,O�Q , e< 52 53 Other County Facilities 53 54 Community College Satellite $0 $1,000,000 $0 $0. $0 $s�'606000' , $0.' $0 $6� $0, -'$0 =, $0: '$0�� � , $4'6 06 000`; ,U/jd( j0.6,p ', ,; 54 55 Campus ( Count Match ) $0 $1,000,000 $0 $0 $0 M ,4 06r ,1 ,i /� „>1, 55 56 Future County Facilities $0 $0 $0 $0 $0 0 0 D 0, 000 000 800 000 0 0 590 000 00 600 56 $ ,. , i57 . , 061 01 , , , 57 58 Justice Facility $0 $0 $0 $0 $0 $0 p $66601540 , $0 $O $0 $6 $b1000646 O 44 6O - 56 59 $0: $0 $0. $0: $D ! / %..�/, , iiiil�,�,�,'���% r ,i��/ � / „��4✓ic ii % /� %� / %�m�b,6� / / / /irk,,,, /r����l; , �� /�i � /i��i ,�iiii� %Li / /i�/�6`,i /i;��a'�'�„�,%,,'�l �/„ wO 69 60 Orange Enterprises $0 $625,000 $0 $0 $0 60 6 1 $0 $526,000 $0 $0 $p , , , , , ,. , , ' .' . ,.., 61 82 2004 2Y3 Net Debt Financing for County Facilities and Land $0 $0 $0 $0 $4,200,000 $6 „`,„ Ab , Vi $0'' a , , $A;' _, $ ` a 2i14�01 },�' 0„ , ,, �, (1' 62 63 $0 $0 $0 $0 $4,200,000 , % / „c , r a, 1 ; / / / //% c! /; % fy, ii / / / /ir 7/so ,, /ir li777W .,,,,, $)?i „ -`- /2$I�ir -, �/ /i //i it %i/ J� /, $�; 6 / 63 Total 5105104 Proposal for Other 65 County Facilities $0 $1,826,000 $0 $0 $4,200,000 „$3,400;u61r; $0;< ; .";$O:000:000� , - , $O;s;. $4;509APO ;, $0 ; � ';5 A0„Op %;;;; ,�� lir, OO,i;,,$"�$'� �'$9 ,Oi ,,,,$�'.:���,'0�i0, ;,:. 65 Total 10/25104 Proposal for Other 66 Coun $0 $1.,55,00 0 $0. $4,20,000 , ,. ,1� .: � .. i r A�/ ,. $ , ,O,AAa� $ $,f,'h�,$,O�OOi, ,$;3,'J,,,S,itja,O,A „r- 66 67 d08/09A 4 4 X. 6!-0§5, 1” 8`0 ,1$ a,1i a OO/ , 3 $x411%: Oo 0 „ $ ,,, , ,,, , , ,,, Oi ; $23 94 0146` 40 00 $9,_, .50 , A ,,, 4 06 ,$24..64 0. ., 8 0 ,, A ,5. 4b1Y/ ;, - $11147, ' Oj1: 0 0 ;,., $1i% A q S In0!45,AAA , ., .500 0 „ ,; � 015,0 p „$$1 �5�O1S6, . $11464. siooA,:.. 67 � , 68 .,,,,,..I /�81,9�'i ',.,a �i$ ',:.,,,Olk �. /�, r,, . i O, ,, /i / /ii�SO/ ji .,'.a3 ,IOAO,e �,, ,1 „� ,,,, , i .o .111 ,,, ,,,ii 2', �A$!., ,,,,,, �;4,,. <,k��,, 0111- . �`, � ,, e.,,, , /a,,,, ,.,,'I�4b AU ,,,U t1,S O „d9 �7�r 0 ,,,, � � °$, v5. ,,!)O. i�i&11?d1�.5tO1111➢rc�� 68 4 i I 89 t0 Includes funding for a 25,000 square foot Senior Center located in southern Orange County and a 15,000 square foot center located in central /northern Orange County. Page 3 of 3 Orange County Hillsborough North Carolina 34,(aget o7IF4ce TO: Orange County Board of Commissioners FROM: Donna Dean, Budget Director DATE: June 17, 2004 RE: Debt Issuance Schedule A _ftLc�)rin _ 2 Fs ta I is /I ed 1 52 The attached spreadsheet offers the most recent version of the County's Debt Issuance Schedule for alternative financing and 2001 voter approved bonds. The Board endorsed this particular version of the schedule on May 5, 2004. At a quick glance, the spreadsheet appears very complicated to follow; therefore, the following information attempts to clarify the information contained in the schedule. Columns o Columns A and B (shaded in light green) reflect the issuances that occurred in fiscal year 2002-03. o Columns C through L approximate, by fiscal year, debt issuance amounts that would be needed for each project. The amounts coincide with the most recent cash flow projections received from County staff as well as the County's bond partners. o Columns M through 0 provide total debt funding for individual projects. Rows • The first line for each project (highlighted in yellow) provides, by project, the estimated debt issuance amounts that staff presented to the Board at the October 27, 2003 work session. • The second line for each project (highlighted in grey) provides, by project, the most recent debt issuance amounts that the Board endorsed on May 5, 2004. The Board subsequently approved the actual debt issuance amounts for fiscal year 2004-05 (columns E and F) at the June 8, 2004 Commissioners meeting. • Row 66 of the chart (highlighted in pink) includes the proposed two-thirds net debt bond issuance of $4.2 million that the Board approved on June 8, 2004. Additional information related to specific project recommendations is included on the spreadsheet entitled "Proposed Projects to Fund with 2004 Two-Thirds Net Debt Bonds" (Attachment 3 of the enclosed CIP materials). • Row 69 of the chart provides the grand total of all projects proposed to the Board on October 27, 2003. o Row 70 of the chart provides the grand total of all projects endorsed by the Board on May 5, 2004. o Row 71 of the chart (highlighted in purple) provides the grand total of the approved debt issuance schedule originally approved by the Board on September 3, 2002. Feel free to contact me if you have additional questions regarding the attached Debt Issuance Schedule. 7-elephokse: P�) adeaki'Or'a onqnge. PLO. k-.- Fax: 20950kth oam&ron street Post 07'Fb0,e Debt Issuance Schedule By Fiscal Year Alternative Financing and 2001 Voter Approved Bonds Color Leaend Page 1 of 3 Alternative Fi ancing and 2001 Voter Approved Bonds Issued in Fiscal Year 2002 -03 w Proposed October 27, 2003 Debt Issuance Schedule -04 Proposed May 5, 2004 Issuance Schedule FY 2005 -06 Proposed 2004 213 Net Debt Financing for County Facilities and Land FY 2007 BOCC Approved September 3, 2002 Debt Issuance Schedule Page 1 of 3 IFY w FY 2003 -04 FY 2004 -05 FY 2005 -06 FY 2006 -07 FY 2007 -08 Bond ternat ve Bond Alternative Bond Alternative Bond Alternative Bond Alternative Alternativ C D E F G H I J L 1 coo s 2 CHCCS - Chapel Hill High $750,000 $0 $1,250,000 $0 $0 $0 $0 $0 $0 $0 $0 ; 3 „ ; $0 , . $0 ,, . ,;., $0 $275,000 . „ $0 $2,300,000 �� $0 $10,225,000 $0 $0 / $0 J J 4 Elements #1 CHCCS ry 0 5 , , f f/ / ,�� / / / /// .,,.,.,,, ,.� / /i -. ;. J „fia�i ���'�. +���/ o / / /.,,,,,,, k li � .,, � / / i� , f / �� ,,, // , /�,,,� � / k 6 Elementary CHCCS Elements #9 $11,100 000 $0 $1,700,000 $0 $0 $0 $0 $0 $0 $p $0 7 /�.r,�,,? 08, o. ( :,,. /; $0; / / f / /o / /� /rira /inrrlr/ GriiJi�Ca< $0 �, „ / / /i /,,,, .,.,, /, $0 /J. i /rJ a /iii /i„ /� / /,: a /� / / /,. , $2,100,000 �. / ✓J r,oi /✓ % /,,., ,:, „/i $4,600,000 // f : ,,, ✓, / ,;ii, d,:. Jii /a,,,,,�✓ $2,600,000 //� ../ ,, ii „�i //i .,,,.�, ,�r,,,i $7,600,000 r,, „ / / / / /,,.,,,, ;, ,,� $0 /.r / / / / , / /c.,, Ti,,,,/ /. /f,�mii. $600,000 /iii /ccc�i $0 -'o /, Ji .ol,Gm. f. �JLeor ; 8 CHCCS High School #3 (funded at 30 million G„ $0 � $0 !, i,,, //„ $0 16 $0 ., /iii ,/ / $0 r ,,, $0 / / / /.,. //ofW $0 $0 $0 $4,300,000 0. $0 $4,300,0( 10 CHCCS Unfunded from Bond Request 11 . �,,;, / /,� „i „ii , ,l,l,, $900,000 0 9i 0 0,. ii „ / /i�,l , � r,�,.�i /a /i,;oii/ $ 0 ,eaaiu-, %/,.1 , � $., ., /,u /,�;,<:fniai� , $- .a, /r ",.:; , .,. ,,,, 0 $, / ,,,,,, /J✓ /e. J, $ A, /,,;i, , Q $ /euf $0 /, $ 0 ,i /icJi�,,,. ,s., 0 $ � „ ✓f,,, ...a 12 - Hillsborough s O S illsborou h E, lem el t 13 0 $0 /� �G, / 0 0 1,650,000 / � $0 0 , r $0 / ./ .� , � � „ ✓, , $0 ��„d, i /�, / 0 , 1 11 1 OCS Addition to Board of Education Build 15 $1000 000 ,0,0 $0 / / u/, G /,/ $0 $0 $3,375,000 Li i $0 $13,745,000 / / r $0 g/7 $380,000 / . ,.. ,c��/, $0 „/. r, / / $0 16 OCS Middle School #3 17 . $ / ,r 13,750,000 / $950,000 � 6 /i 950,000 tr, / $0 , 7—T7 (� / $2,950,000 /.0 $0 $2,375,000 $0 / // % , ,0 1 $7,975,000 $0 $6,550,000 ,0 $0 $21,345,000 , $0 $10,225,000 ! / $0 r�,. �/ / $980,000 ,,% , ,/„. �,��. / J/ i ,i $0 ,/� ,/v / ✓ , a„� $4,300,000 /-/�� / $0 / / $0 �. { 0 / =/ i / /�i/ , a 4,300,0( 118 OCS Orange High Renovations 19 20 Total 10/27/03 Proposal o School 2 / / /Cfff / �J / .,,n, � , / J , r J ,/ � / i / / / / / / / / / (G/i ; J / /.„i ,, / / / J /7 ,,/ i, /i , i , � / f / Page 1 of 3 Debt Issuance Schedule By Fiscal Year Alternative Financing and 2001 Voter Approved Bonds Color Lenend Page 2 of 3 Alternative Financing and 2001 Voter Approved Bonds Issued in Fiscal Year 2002-03 Proposed October 27, 2003 Debt Issuance Schedule 77— Proposed May 5, 2004 Issuance Schedule till Proposed 2004 2/3 Net Debt Financing for County Facilities and Land FY 2007.08 BOGG Approved September 3, 2002 Debt Issuance Schedule Page 2 of 3 FY 70-52--03 FY 2003-04 FY 2004-05 FY 2005-06 FY 2006-07 FY 2007.08 Bond Alternatilve Bond Alternative Bond Alternative Bond Alternative Bond Alternative --Art—ernativ A a C D E F G H I J L 22 Parks, Recreation & Open Space 23 Chapel Hill District Park (Twin Creeks Park) $200,005 $0 $200,000 $0 $800,000 $0 $0 $0 $0 $0 $0 1 24 4 —7—sRo-0-71 11 1 17_ $0"" — I 'fo' � _'$ '01 $0" '$' A 25 26 27 Efland Cheeks Park (Phase 2) Fairview Park $125,000 $0 $125,000 $0 $0 $0 $0 $0 $0 - $0 $0 1 $200,000 $0 $0 $0 $650,000 --------- 777-71 $0 $0 $0 $0, $0 $0 $0 A 1 28 7P00"507 $0 '7— 7777777T $0 $0 $0 I$ 5 'oo o"--77'—"—" $3,500,000 $0 ' so 29 Homestead Aquatics Center $0 $0 $0 $0 $0 30 $400,000 $0 $350,000 0 $0 $425,000 $0 $575,000 $0 31 Joint own-County Open Space/Greenways $0 L $0 $0 32 $1,750,000 $0 $1,750,000 $0 $1,750,000 $0 $1,750,000 $0 $0 $0 $0 1 33 Lands Legacy 34 $200,000 $0 $100,000 $0 $900,000 P $0 $0 $0 $0 $0 $0 1 5 Northern Human Services Center Park 36 $250,000 $o $0 $0 $0 $0 ry $0 $0 $0 $0 $0 .27— Smith Middle School Park 38 $506,660 $0 $600,000 $0 $600,000 $0 $300,000 $0 $0 —7,77777 $0 $0 77 $ 39 Soccer Super Fund 47o $0 $0 7/7' $1,000,000 $0 $1,000,000 $0 $0 $0 $0 77--fT $0 $0 1 Southern Community Park 42 $3,625,000 $0 $4,125,000 $0 $9,625,000 $0 $2,625,000 $0 $0 $0 ... . ...... V $0 $ 43 Total 10/27/03 Proposal foi Parks, Recreation and Open Space 44 -45— 7 77 io if s" Mi 0 Affordable Housing $1,300,000 $0 $1,300,000 $0 $1,400,000 $0 $0 $0 $0 $0 $0 $ 46 $0 1 =",ggg 37 K/1' $1,000,000' $0 1/11, 11 I'll I I= �' A, W" 47 Conservation Easements $0 $o $500,000 1 $0 $750,000 $0 $750,000 $0 $ 48 �/11;l�,i,��,�f � IMAM 1111,11" MMUME/77777 7.2/7 11 / 77 Page 2 of 3 Debt Issuance Schedule By Fiscal Year Alternative Financing and 2001 Voter Approved Bonds Color Leaend ( ') Includes funding for a 25,000 square foot Senior Center located in southern Orange County and a 15,000 square foot center located in central /northern Orange County. Page 3 of 3 Alternative Financing and 2001 Voter Approved Bonds Issued in Fiscal Year 2002 -03 Proposed October 27, 2003 Debt Issuance Schedule -04 Proposed May 5, 2004 Issuance Schedule /rr�r Proposed 2004 2/3 Net Debt Financing for County Facilities and Land IIr C BOCC Approved September 3, 2002 Debt Issuance Schedule ( ') Includes funding for a 25,000 square foot Senior Center located in southern Orange County and a 15,000 square foot center located in central /northern Orange County. Page 3 of 3 FY 2002-03 FY 2003 -04 FY 2004 -05 005 -06 FY 2006 -07 FY 2007 -08 on Alternative Bond Alternative Bond Alternative Alternative Bond Alternative Alternative D E F H I J L 49 Senior Centers Total 10/27/03 Proposal for 54 Senior Center $$00,000 $0 $1,500,000 $0 $2,000,000 $2,150,000 ZG $0 $0 $0 $0 $ Total 5/05104 Proposal for Senior, 55 Centers ,,.. „..,.:,$0,, .,,:.. „$0,..,.. k ,.” ., . ,1 " „”. 0r 56 Other County Facilities 57 Community College Satellite Campus (County Match)` $0 1,000,000' 0 0 3,000000 58 ; 0:0 i '?� 77777T 59 Future County Facilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,000,000 0 $4,500,00 60 „ $0 � ,.r $0 ,,,...., ,� ,. , $0 ,,,,," ,., $0 $0 $0 $0 $6,000,000 $0 $0 $0 $ 61 Justice Facility 62 63 Orange Enterprises $ 0 525 0 $ 00 $ 0 $ 0 $ 0 0 0 0 0 0 $0 $0 $0: $0 $0 $0 $0 $0 $0 $0 $0 $0 $ 64 65 2004 213 Net Debt Financing far Cauniy "Pacilitles acid Land 66, 01tal 1 U127M Proposal or Uthe 67 County Facilities $0 $1,525,000 $0 $0 $0 $3,000,000 $0 $6,000,000 $0 $4,000,000 $0 $4,500,00 otal DMOM4 Proposal or e , , 77 , ,,, , , —,77 68 County Facilities $0 $1,525,000 $3,475,000; $9,875,000 $2,375,000 $21,000,000 $12,200,000 $23,970,000 $16,975,000 $980,000 $9,050,000 $0 $8,800,001 69 GrandTotal 10127/03 Proposal $19,175,000< ,,7 ,, . „ r ,,, �, r„ 70 / / .;;, ,,... / �,,,,;, ,r %, /.,r,. , „, ..r�r iro� �.i.l i /r %., r/ r/, ,r ,� r?,o, J / , r / J , OUR r �„ / 1 l �� ( ') Includes funding for a 25,000 square foot Senior Center located in southern Orange County and a 15,000 square foot center located in central /northern Orange County. Page 3 of 3 $15.0 $10.0 M. 1O/���=/n� � '`~= IrN ,ounty's Annual Debt Service Projections M'U'(]DS of dollars 2003-04 2004'05 2005-06 2008-07 2007-08 2008-00 =O0/O3/O2BUOC Approved Bond & Alternative Issuance Plan =O5/05/04 B(]CC Endorsed Bond & Alternative Issuance Plan (including proposed bank financing of equipment and vehicles in 8noa| yoer2O04-U5' = 10/25/04 Staff Revised Bond & Alternative Issuance Plan (including proposed bank financing of equipment and vehicles in fiscal year 2004-05) —�—County's Debt Capacity U)��y� �0O4 projections October 2O04maoacdv ` ' . __,__, ` ' capacity Attach- projections a||ovvfov7996onnu��inor�e��in�enmn�Fundbudg*d � nnent3-1 County's Annual Debt Service Projections Millions of dollars q)-+0.V $40.0 $35.0 $30.0 $25.0 $20.0 $15.0 $10.0 $5.0 $0.0 10/25/04 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 09/03/02 BOCC Approved Bond & Alternative Issuance Plan 05/05/04 BOCC Approved Bond & Alternative Issuance Plan (plus proposed bank financing of equipment and vehicles in fiscal year 2004-05) 10/25/04 Staff Revised Bond & Alternative Financing Plan (including proposed bank financing of equipment and vehicles in fiscal year 2004-05) --+--.County's Debt Capacity (1) May 5, 2004 capacity projections provided for 8.2% annual increase in General Fund budget; October 25, 2004 capacity projections Attach- allow for 7.9% annual increase in General Fund budget ment 3-2 Annual Debt Service Capacity Based on County's Current Debt Management Policy of Annual Debt Service Being No More Than 15% of Total General Fund RieArvait.-anri A catimintv 7 00/- Annum/ ln.-nmsan in I't%trnfula- n-on mr221 lCronel J2jjo4rwn# (2) A I B C D E F G H I $117,739,561 8.04% $17,660,934 Total Debt Anticipated Debt Additional Debt Maximum Amount of Additional Debt Maximum Amount ol 8.21% $19,345,878 7.9% Service Capacity Service for Service that Additional Debt That Service that Additional Debt Thai 2011-12 $233,462,623 7.9% (based on Authorized/Programme County Can Can Be Taken On County Can Can Be Taken On FY Total General Annual % County's current d Debt (Includes Issued Assume Based For Both County Assume Based on For Both County 12013-14 Fund Budget Increase (2� Debt Management and Anticipated Debt per on Current 15% and School Capital Current 15% and School Capital Policy of 15% of Proposed October 25, Policy (column d Projects (in millions Policy (column d - Projects (in millions total General Fund) 2004 Debt Issuance Schedule) column e) (3) 1 of dollars) (5) columns e & 0 f4l of dollars) (51 9-00 $100,215,148 7.9% 111001011001 0-01 $108,982,427 8.75% $16,347,364 1-02(l) $117,739,561 8.04% $17,660,934 2-03(l), $119,187,050 1.23% $17,878,058 3-04(1)1 $128,972,522 8.21% $19,345,878 Ml $137,351,929 1 6.50%1 $20,602,789 1 $17,799,911 1 $2,802,878 $148,165,320 1 7.9%1 $22,224,798 1 $19,835,125 1 $2,389,673 $159,830,023 1 7.9%1 $23,974,503 1 $22,982,918 1 $991,585 -08 1 $172,413,061 1 . 7.9%1 $25,861,9591 $25,749,9381 $112,021 2008-09 1 $185,986,731 7.9% $27,898,010 $25,750,300 $2,147,710 $20 Million $2,147,710 $20 Million 2009-10 $200,629,025 7.9% $30,094,354 $24,939,605 $5,154,749 $47 Million $3,007,039 $27 Million 2010-11 $216,424,071 7.9% $32,463,611 $23,523,100 $8,940,611 $82 Million $3,785,762 $34 Million 2011-12 $233,462,623 7.9% $35,019,393 $21,453,157 $13,566,236 $124 Million $4,625,726 $43 Million 2012 -13 $251,842,581 1 7.9%1 $37,776,387 1 $19,791,080 $17,985,307 J$1165 Million 1 $4,419,0711$40 Million 1 12013-14 $271,669,548 1 7.9%1 $40,750,432 1 $18,644,457 $22,105,975 J$202 Million 1 $4,120.6681,$37 Million I (') Original Approved General Fund Budget (2) For years beginning 2005-06, based on % increase of total General Fund budget from FY 1999-00 through 2004-05, excluding fiscal year 2002-03 (3) Assumes that County does not issue additional debt in prior fiscal year (4) Assumes that County issues maximum amount of additional debt in prior fiscal year (5) Terms of borrowing: assumes length of debt service is 20 years and interest rate is 6%; may be off due to rounding (D 1$88 & 1,,992 Bonds - Schools & County (rolundad2003 with Fords, Baker, Walls, refundedamount $19,085 M; molunlydate., June 2013) 3,670,720 $,513,220 3,350,970 3,184,870 3,015,470 2, 862,720 1,076,470 1,024,626 971,424 0 22,666,160 1992 - Bonds , Schools (refunded 2001; refunded amount $20.895 Mj maturity dates Fabruary2014 2,2$4,8013 2 „16060 210901530 Z021,1000 1,940,900, 161,700 3,507,200 3,343,204 3;174,980 1,510,838 23,876,488' 1997 Bonds (ins(s6MOnt #1) , (issued 2000; $37,328 A1; maturitydata. 4, ril 20101 2,039,99(3 2762;240 2,824,490 2,761,490 2;698,490 2,635,490 2,572,490 2,509,490 2446,490 4,783490 26,064,152 1997 Bonds (ihstaH ent, #2} - lasued20kY1, $17.47 A, maturity data, April 2021) � 1526,0,85 1,664,685 11643,29F 1.,601496 1,400,49 6 1419,085 1,377,695 1,336,205 1i284,995 1,253496 X4,897,859 1997 Bonds- $1,2 m^for Ellsnd Sewer (projetted issue date. summer 2004; Issue amount $1,2 million 0 4% Interes(; maturity da(eFebrirary 2023) 25 >19,14$ 91,7'69 90,36 $f4,9$0 $7,580 55,6 8,14 80,$57, 78934 040,204 2001 Bands - Installment #1 (issued Spring 2003; issue amount $15,175 MJ$13.760 M sopools $5,426M county]; maturity dafes March 7; 2422) 1,424,686 1,308,688 1,372,6$8 1,346,60a 1,3204888 1,294,688 1,268,688 1,242,688- 1,216,588 1,190,1688 13,078,680: 2601 Bonds - Bond'Instailment #2 (projected Issue date; summer 2004; Issue amount $1.0.740,A&@ 4% Interast; maturity date February 2023) 416,886 1,541,027 1 518,0141 1,495 456 1,472 070 1,449,085 1,411,954 1,374423 1,337,693 1,305;866 13,322.503 2004 Two4hlrcls Net debt Reduction . WHSC & NHSC (Issued 2000, amount lssuad $2.845 M; matud(y date: April 2014) 229,135 223,985 218,635 213,345 208,135 202,685 1197,635 182,385 167,135 169 665 2,055,1Qq' 2004 Two-thirds,, Net Debt Reduclionfor County Facill(lesRepairr (projectedissue date; summar2004; Issue omount$4,2milifon @ 4% intemst;maluri(y, (safe ry24923) 86,437 322,876 318,000 313,126 308,250, 303,000 - 297,750 292,313 286,688 280,688 2 e09,125' Private Placement* McDougle 6temeotary! Sehoot , (refunded 1999, refundedemount .7;064234,' matudty defe; July 15, 2008). 689,096 889,096 886,096 889,06 669,096 444,54& 0 4 0 0 4,890,027 Private Placement-Soroggs'Fl0mehtary School Phase t (fasued 1906; issue amount: $5M,Maturltydafe; December 2011) 406,295 486,295 498,295 496;295 498,296 490,295 498,295, 496,295 0 0 3,986,362 Private Placement- Scroggs Elementary School Phase 11 (issued 1997; issue amount: $8 M," maturity date; August 1, 2012) 897„060 847.049 687,049 897,849 897,050 897,049 697,949- 897,053 448,825 0 7,624,92,3 Private Placement = 4411 /00bouse Addition (issuer! 1996; Issue amount $2 M; maturity , data; January 18,2000 246,606 246,696 Q D 01 0 0 0 0 0 497,512, Private Placement -Skids Development Renovations (issued 1908; Issue amount $760,000; maturity date; January 1, 2008) 99,596 99,596 99,596 99,596 0 0 0 0 0 0 390,364 Private Placement - ?kills Devote pmant purchase (taxable portion) (issued 1996; Issue amount $660, 000; maturity dgiel* July 23, 2006) 160,643 956,643 76,322 0 0 0 01 4 0 0 378,608; Purchase of building & land for relocation of Purcijasing and Central Services 79,554 26,518 0 0 0 " 0 0 0' 0 0 106,672'' Alternative Financing Package #1 . (issued! December, 2002; issue amount $'3.476 M [$959,000 schools & $2,525 M cbuntyj,' maturity date; October 17, 2017), 372,394 $62,280 352,167 342,054 X31,940 321,830 311,765 30'1,600 211,490 281,373,1 3,266,68 2004 Lease/Purchase of Ambulances 82,387 82,387 82,3 7 ---- -- 82,387 ---- 0 0 0 ---- -- 0 0 411,935 1121118 Churton Street (Clerk of Courts) 64,430 62,405 60,380 58,360 56,335 54,315 52,295 50,270 12,250 0 471,040 Total Existing Debt $15.942,303 IL 115,276,581 $14,342,290 $13.654.632 $13,146,134 1114748,681 110,866,756, 143,897,514 Projected General Fund Debt Service (not including OCS share of new high school) [as of October 25, 2004; in accordance with issuance schedule approved by OCC 05106/04] 146,1471 146,1471 0 1 0 1 Q 1 0 1 01 01 584,580 4,U lPdvate Placement- Seven Mile Creek 93,230] 68,503 0 0 01 0 2001 Bonds - Bond Installment #3 (projected 0 1 0 1 0 1 161,733 4 -9 issue date: summer 2005; issue amount $19.9 Million; 20 years @ 5% interest) 0 497,500 1,977,565 1,927,825 1,878,063 1,828,375 1,778,565 1,728,816 1,679,065 1,629,325 14,925,098 2001 Bonds -Bond Installment#4 (projected issue dale: summer 2006; issue amount $13,475,million; 20 years @ 6% interest) 0 0 404,250 1,472,145 1,431,720 1 1,391,300 11350,900 1'�,310,445i 1,270,065 1,229,600 9,860,425 200I Bonds -Bond Installment #5 tprojected Issue date: summer 2007; issue amount $2.720 million; 20 years @ 6% interest) 0 0 0 81,600 297,160 289,000 280,510 272,680 264,520 256,360 11,7411,830 Alternative Financing Package #2 (projected issue date., Spring/Summer 2005; issue amount $15.4 M,, 15 years @ By. Interest) 0 385,000 1,783,833 1,732,500 1,681,167 1,629,833 1,578,500 1,527,167 1,475,833 1,424,500 13,218,333', Alternative Financing Package #3 (protected issue date: SpringlSummer 2006; issue amount $23.4 million; 15years, @ 5% interest) 0 0 585,000 2,710,500 2,632,500 2,554,500 2,476,500 2,398,500 2,320,500 2,242,500 17,920,500 Alternative Financing Package #4 (projected) issue date., SpringlSurnmer 2007, • issue- amount $4.75 Million; 15 years @ 6% interest) 0 0 0 142,500 593,916 677,916 558,916 539,916 i 520,916 501,916 3,435,996 Alternative Financing Package #5 (projected Issue date,, SplinglSummer 2008, Issue amount $4,5 Million; 15 years @ 6% interest) 0 0 0 0 135,000 565,500 547,500 529,500 511,500 493,500 2,782,500 Lease/Purchase of Vehicles & Equipment in .fiscal year 2004.05 0 300,000 300,000 300,000 300,000 300,000 0 0 0 0 1,500"00101 Total Projected New Debt 10 M.2 500 5 050 648 8,367,070 J6 _949 ,526 J91 L6 4_24 J6 57_1391 8 30 0_23 8 012 3_99 7 777 701 65,364,682 Other Current General FundDebt Service Paid With Other Dedicated Funding Sources (not a part of the "Option 58" formula OCS Share of New High School Financing 1,772,4521 1,711,3691 1,649,602 1,587,163, 1,524,193 1,460,891 1,397,077 0 0 0 11,102,737 Total Current and Projected General fund 1 Debt Service 17,714 75=5 11,835,6Z2 22,982,020 25,749,938 26,750,300 24,939,605 23,523,100 21,453,157 19,791,080 18,644,457 220,384,9331 Other Current Non-General Fund Debt Service Paid With Other Dedicated Funding Sources (not a part of the "Option SB" formula Private Placement - Register of Deeds and Business System 1 146,147! 146,1471 146,1471 0 1 0 1 Q 1 0 1 01 01 584,580 4,U lPdvate Placement- Seven Mile Creek 93,230] 68,503 0 0 01 0 1 ol 0 1 0 1 0 1 161,733 4 -9 A+kLc4iment (4* 01 :13 JJ M • The County has long recognized the importance of proper long-range planning in order to meet capital improvement needs as they arise without experiencing dramatic impacts on operational cost and debt service. The following policy statements will provide guidance on the issuance of dept to help insure that the County maintains a sound debt position and that its credit quality is protected. In conjunction with the County's Capital Policies, these policy statements rationalize the decision making process, identify objectives for staff to implement, and demonstrate a commitment long term financial planning objectives. In addition, this debt management policy will allow for an appropriate balance between the establishing debt parameters and providing flexibility to respond to unforeseen circumstances and new opportunities. POLICY STATEMENTS Purpose and Type of Debt Incurrence of debt or long-term borrowing will only be used for the purpose of providing financing for capital projects to include, but not be limited to: a. Construction of new School and County facilities b. Renovation and repair of existing School and County facilities c. Acquisition of real property (land and/or buildings) d. Construction or expansion of Sanitary Sewer Systems e. Providing funds for Affordable Housing Projects f. Construction, acquisition and development of Parks g. Purchase of major equipment Debt issuance will not be used to finance current operations or normal maintenance. 2. The types of debt instruments to be used by the County include: a. General Obligation Bonds b. Bond Anticipation Notes c. Installment Purchase Agreements (private placement) d. Special Obligation Bonds (landfill only) e. Certificates of Participation, when feasible f. Revenue Bonds 3. All debt issued, including installment purchase methods, will be repaid within a period not to exceed the expected useful life of the improvements or equipment financed by the debt. 4. The County will not issue tax or revenue anticipation notes. l;JEUr!JN C*Jk1 =$me I • I • 5. The County will not issue bond anticipation notes with maturities in excess of one year. 6. The County will strive to maximize the use of pay-as-you-go financing for capital improvements. 7. The County will strive to issue bonds no more frequently than once in any fiscal year. The scheduling of bond sales and installment purchase decisions and the amount of bonds be sold and installment financing to be sought will be determined each year by the County Commissioners. These decisions will be based upon the identified cash flow requirements for each project financed, market conditions, and other relevant factors. These factors will be ascertained from the school systems and County departments. If cash needs for bond projects are insignificant in any given year, the Board may choose not to issue bonds. Instead, the Board may fund up from project costs and reimburse these costs when bonds are sold. In these situations the Board will adopt Reimbursement Resolutions prior to the expenditure of project funds. 8. The County will seek level or declining debt repayment schedules and will avoid issuing debt that provides for balloon principal payments reserved at the end of the term of the issue. 9'. The County will avoid over-reliance on variable rate debt. Variable rate debt will only be considered onditions favor this type • issuance. When variable rate debt is considered, careful analysis will be performed and techniques applied that will ensure that the County's sounds debt position will be maintained. At no time will variable rate debt exceed 20% of the County's total outstanding debt. 10. The County is required by Statute to issue general obligation debt through a competitive process. The competitive process will also be used for other debt issuance unless time factors, interest rates or other factors make it more favorable to the County to use a negotiated process. 11. In the planning process for debt issuance the County will assess thl need to maintain it's "Bank Qualification" if installment purchase financing is being considered. Level of Debt 12. The County will strive to maintain its net bonded debt at a level not to exceed three percent of the assessed valuation of taxable property within the County. 13. The County will strive to maintain its annual debt service costs at a level no greater than fifteen percent of general fund revenues, including installment purchase debt. Undesignated Fund Balance 14.The County will strive to maintain undesignated balance in the general fund at a level sufficient to meet its budgeted r goals, to be determined annually. The amount of undesignated fund balance maintained during each fiscal year should not be less than eight percent of budgeted general fund operating expenditures that fiscal year. 15. To the extent that undesignated fund balance exceeds the budgeted goals the County could consider drawing upon the balance fund major equipment purchases or one time expenses on a pay-as-you-go-basis. Investment of Capital Funds 16. Investment of capital funds will be performed in accordance with the North Carolina General Statutes (159-30). Funds will be invested in instruments that will provide the liquidity required to meet the cash flow needs of each project funded. 17. Investment earnings on capital funds, after subtracting required or potential arbitrage, will be used for project costs and/or debt service. Bond Ratings 18. The County will maintain good communications with bond rating agencies about its financial condition and will follow a policy of full disclosure on every financial report and offering statement. 19. The County will strive to maintain bond ratings at or better than Aal (Moody's) and AA+ (Standard & Poor's). A • Z • 1 - ^ • . - 20. The County will comply with all arbitrage rebate requirements as established by the Internal Revenue Service and all secondary market disclosure requirements established by the Securities and Exchange Commission. 21. Arbitrage will be calculated at the end of each fiscal year and interest earned on investment of bond or installment purchase proceeds will be reserved to any penalties due. Enterprise Funds 22. For any Enterprise Fund that is supporting debt, an annual rate study will be performed to ensure that fees or rates are sufficient to meet the debt service requirements. 23. The County will create and maintain capital reserve funds as appropriate, such as for school and county projects. 24. The Capital Reserves will be funded from unallocated 1/2cent sales tax revenues and/or any other revenue source that the County Commissioners may choose. 25. Funds accumulated in the Capital Reserve Funds will be used on a pay-as- you-go basis to finance renovations and repairs to existing buildings and the purchase of major equipment. The Board may also choose to fund other pay- as-you-go initiatives from Reserve Funds. 10-Year Capital Investment Plan - {CIP) 26. The County will adopt a ten year CIP annually. 27. This Debt Management Policy will be incorporated into the CIP. 28. The County will strive to include plans for debt issuance within the CIP. Updated June 17, 2004 to reflect addition of Parks Operations Base Updated August 31, 2004 to reflect projects that the BOCC approved for funding with two-thirds net debt bonds on June 23, 2004 Attachment 8 Proposed Projects to Fund with 2004 Two-Thirds Net Debt Bonds $4.2 Million Available Yellow highlighted rows indicate projects that the BOCC approved for funding with two-thirds net debt bonds on June 23, 2004 Projects BOCC: Has Approved for Additional Funding Whiffed Human Services $475,000 On UCtOber 1, 2QU3, the 13oar d directed staff to include this amou nt in the updated five CE;nter 1year plan for the issuance of County bonds and alternative financing Projects BOCC Has Discussed Additional Fundin-q. Approval Pendina Further Discussion Projects for Recommended for 2004 Two-Thirds Net Debt Reduction Bond Fundinq Blackwood Farmhouse $75, $75000 On March 16, 2004, the Board awarded a bid and approved a contract to Romeo Cate Farmhouse Stabilization Guest, Inc. for $706,166 for construction of the major elements of Little River Park; Little River Park Development $272,000 this amount is $272,000 more than the currently available funds; the Board directed EMS/91111 Center Repairs $315,000 staff to include this amount in the updated five-year plan for the issuance of County Homestead Center Repairs $0 bonds and alternative financing, to be presented during a BOCC meeting later this Jail Renovations $600,000 spring. (does not include Laws House disposition) Lands Legacy $300,000 On April 1, 2004, the Board discussed options for leasing space to accommodate the New Courthouse Repairs $308,000 County's storage needs and directed staff to bring back a plan to fund and construct a Northern Human Services Center Repairs $300,000 new County storage facility to be located at the Public Works site. This amount covers Planning & Ag Building Repairs $370,000 the projected cost of a master site plan for the County's Public Works site and the first Parks Operations Base and $150,000 phase of storage facility construction. Commissioners will consider an item on County Storage Facility $675,000 June 23 that recommends development of a building to be used as a parks Located at Public Works site operation base at this site as well. Upon endorsement of the concept by the Board, a group of stakeholders will be convened by the Manager to determine the most expedient plan of action. Projects for Recommended for 2004 Two-Thirds Net Debt Reduction Bond Fundinq Blackwood Farmhouse $75, $75000 To stabilize the existing structures located at the Blackwood Farm and preserve them and and prevent further deterioration. Cate Farmhouse Stabilization To stabilize the existing structures located at the Cate Farm and preserve them and prevent further deterioration. Central Recreation Repairs _$125,000 $235,000 Includes restroorn repairs, office renovations and door/lock replacement EMS/91111 Center Repairs $315,000 Includes HVAC and flooring replacements along with parking area surfacing Homestead Center Repairs $0 Original proposal included $70,000 for an OWASA Sewer connection; after further consideration, staff proposes that an on-site waste water treatment system Jail Renovations $600,000 Includes renovating areas in the jail to accommodate female inmates and attorney/inmate visitations Lands Legacy $300,000 To provide "opportunity funds" to acquire land for the County's Lands Legacy program New Courthouse Repairs $308,000 Includes exterior trim repairs, restroom repairs, and flooring replacement Northern Human Services Center Repairs $300,000 Funding for projects, as the Board chooses, based on Sustainable Elements report by Innovative Design. Planning & Ag Building Repairs $370,000 Includes flooring replacements and funds to repair, not replace, HVAC system. Southern Human Services Center "Little House" $150,000 Restore funding, eliminated due to State budget reductions, to upfit house for use as 1public building. Projects for Recommended for 2004 Two-Thirds Net Debt $4,200,000 Reduction Bond Funding I Overview of Currently Programmed County and School Capital Projects Coming On-Line I Fiscal Year Project 2004-05 2005-06 2006-07 2007-08 Little River Park x Efland Cheeks Park (Phase 2) x Hillsborough Elementary Renovations (additonal x capacity) Orange Enterprises Addition x McGowan Creek Park x Recreation and Parks Operations Base and X County Storage Facility West 10 Soccer Complex x Chapel Hil Senior Center x Fairview Park x Northern Human Services Center Park x OCS Middle School #3 X Twin Creeks Park x Central Orange Senior Center x CHCCS Elementary #10 x CHCCS High School #3 x Justice Facility x Orange County Campus of Durham Technical x lCommunt College L ------- m° c Cl) O cV N Q � O o y y qm o 0 0 .o a M a �i c ro 0 0 3 tT � b N j �v a o Q a 00 c Q, m 0 N C O m 91 Z 0 G7 N 3 C LL O .o a V/ O Q. 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