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Approval of 2017-2023 Capital Improvements Plan
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The County Manager presented the Recommended 2017-2023 Capital Improvements Plan (CIP) to the Board of Commissioners on November 16, 2015. A public hearing followed the presentation, and commissioners discussed the Recommended 2017-2023 CIP at a work session on November 23, 2015.
The board had reservations about the purchase price of the land and the association dues for the Health Sciences Building, if located in Briar Chapel. The Board also requested a comparison in cost if the project is moved out one year and asked for information on the inclusion of a geothermal heating system.
Staff was asked to return to the Board with additional information for their consideration and approval of the CIP.
Briar Chapel will not lower the cost of the land. The developer states that the $250,000/acre reflects a discounted price and equals their costs. The retail price of the land is significantly more.
The developer is willing to negotiate with regard to association dues. The developer is requesting $3,000 per year for maintenance of the entrance and stormwater pond, infrastructure that will be shared by all buildings in the development. The developer is also willing to hold the issue open and allow the college to pay association dues, if that is deemed more cost effective.
The Board also discussed the possibility of geothermal technology. Staff obtained an estimate of approximately $450,000 for geothermal.
This possibility was also discussed with the developer. If additional land is needed for this, the developer cannot guarantee the cost of the land. It will depend on location of the wells. If the wells can be located in buffer areas, the developer will not charge for the land. If additional acreage is needed that impacts the viability of other developable sites, the developer will charge.
It is estimated that delaying the building by one year will impact the debt model by approximately one-tenth of one cent on the property tax rate. However, moving the Health Sciences building to the Briar Chapel location and FY 2018 will require an additional three-tenths of one cent on the property tax rate above what has already been recommended.