WORK SESSION AGENDA REQUEST

Sponsor:

Board of Supervisors Meeting Date: 

Raymond E. Graham, Chairman, Cedar Run District Supervisor

September 8, 2005

Staff Lead:

Department: 

Bryan Tippie, Director

Budget Office

Topic: 

A Work Session to Discuss Revisions to the Debt Referendum Policy

Topic Description:

Attached for the Board of Supervisorsí consideration is a revised Debt Referendum Policy on public participation in the decision making on large construction projects. The original policy was adopted on June 11, 2003, and revised November 17, 2003. On August 11, 2005, the Board, after considering a proposed revision, directed staff to adjust the referendum threshold to allow for the construction of middle schools without having to conduct a referendum. This adjustment was directed based on the number of major construction projects estimated in the next 10 years, the time and expense to hold a referendum, and the significant escalation of construction costs. A summary of the proposed changes are as follows:

 

  • The threshold to hold a referendum would increase from the current $10 million to $25 million.
  • To provide the Board of Supervisorsí with the greatest flexibility, the limitation due to possible exceeding the debt limit was also removed, as well as requiring the referendum to be held in conjunction with a General Election.

 

 

Requested Action of the Board of Supervisors: 

Conduct a work session.

Financial Impacts Analysis:

No expenditure impact.

Identify any other Departments, Organizations or Individuals that would be affected by this request:

County and School Division and any other agencies seeking County funding support for large construction projects.

 

Attachment:

Proposed Resolution