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Capital Improvements Program <br />A plan that describes the capital improvements that will be provided over a given <br />time period. A "Capital Improvements Program" may refer either to the plan for <br />a particular service area or to the aggregation of capital improvements and the <br />associated costs programmed for all service areas for a particular category of <br />public facilities. The Capital Improvements Program includes the most recent: <br />Cabarrus County Capital Improvement Program (CIP), and 15-Year Facilities Plan <br />for the applicable school district. <br />Committed Develonment <br />Committed Development includes: <br />development with an approved determination that public facilities are <br />adequate; and <br />developments that are approved, but are unbuilt. This includes unbuilt <br />preliminary subdivision plats, minor plats, final plats, or building permits. <br />Consent Agreement <br />An executed contract between the County and an applicant that formally sets <br />forth development approval and requirements to achieve adequacy. <br />Develonment Order <br />An official decision to approve any application that is subject to this Chapter. <br />This includes any decisions to approve a subdivision plat or to administratively <br />approve a site plan (for projects not requiring subdivision approval). <br />Currently Available Revenue Sources <br />An existing source or amount of revenue that: <br />is presently available to the County or the entity providing a Public <br />Facility; and <br />may be allocated towards capital expenses; and <br />has been budgeted for the capital disbursements or debt service account <br />applicable to a planned capital improvement. <br />This term does not refer to a mere intent to increase the future level or amount <br />of a revenue source, nor to a revenue source that is contingent on ratification by <br />a public referendum. Mitigation that is guaranteed in a Consent Agreement is <br />considered a Currently Available Revenue Source. <br />DRAFT TEXT OPTION 2 <br />8/20/2007 - 5 - <br />C:\DOCUments and Settings\gkhoneycutt\Local Settings\Temporary Internet <br />Files\OLK7\APFO_draftfiorBOCoption2_08_20_07_meeting.doc <br />G-~ <br />