HomeMy WebLinkAboutAgenda - 05-20-2004-3ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: May 20, 2004
Action Agenda
Item No. 3
SUBJECT: 2004-14 County Capital Investment Plan Presentation
DEPARTMENT: County Manager/Budget/ PUBLIC HEARING: (Y/N) No
CHCCS/QCS
ATTACHMENT(S):
2004-2014 Recommended County CIP
(distributed under separate cover)
INFORMATION CONTACT:
.John Link or Rod Visser, ext 2300
Donna Dean, ext 2151
TELEPHONE NUMBERS:
Hillsborough 732-8181
Chapel Hill 968-4501
Durham 688-7331
Mebane 336-227-2031
PURPOSE: To receive a presentation on the Manager's Recommended 10-year County
Capital Investment Plan,
BACKGROUND: Each year, the County Manager and staff update the County's ten-year
Capital Investment Plan (CIP), The CIP is a multi-year plan that addresses County and school
needs for long-lived assets, Items typically included in the CIP are construction, refurbishment,
or purchases of buildings; land acquisition ar improvement; and major equipment and vehicle
acquisition and financing, This process offers an opportunity to review long-term capital needs
and enables timely acquisition and phased financing of major assets.
The Board of Commissioners is not expected fo make any decisions on project allocations at
this meeting. County staff can respond to specific questions about individual projects during the
June budget work sessions, Changes to the CIP can be made during several work sessions
over the coming weeks before the Board considers formal adoption of the plan in late .June
2004, The May 27 and June 3 public hearings on the proposed 2004-05 operating budget will
also afford citizens the opportunity to comment an the County portion of the 2004-2014 CIP.
FINANCIAL IMPACT: There is no direct financial impact associated with the presentation of
the County CIP, However, the Bcard will make substantial allocation decisions, for both County
and school capital projects, involving millions of dollars later this spring. Board funding
decisions for FY 2004-05 will be enacted through capital project ordinances that will be adopted
in June 2004.
RECOMMENDATION(S): The Manager recommends that the Board receive the presentation
far information only at this time,