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33 <br /> The Golden LEAF Foundation <br /> GRANTEE ACKNOWLEDGMENT AND AGREEMENT <br /> 1. Grantee: Orange County,NC <br /> 2. Project Title: Piedmont Value-Added Shared-Use Food and Agricultural Processing Center <br /> 3. Purpose of Grant: This Golden LEAF grant will help equip a regional value-added shared use food and <br /> agricultural processing facility to serve central NC. A feasibility study indicates that the facility will serve <br /> 16,214 farms in a 75-mile radius and generate more than$800,000 in revenue for local farmers. Orange County <br /> has dedicated a building in which to locate the center. Alamance, Chatham, and Durham Counties have also <br /> indicated their intent to support the operation of the Center. <br /> 4. Amount of Grant: $250,000.00 <br /> 5. Award Date: 12/4/2008 Start Date: <br /> 6. Special Terms and Conditions Applicable to Grant: <br /> • The term of the grant is 12 months. <br /> • Grantee agrees to submit a revised budget,timeline,and workplan for approval. The revised <br /> documents should reflect any special conditions of the grant award. <br /> • Budget modifications must be submitted to Golden LEAF for approval prior to expending funds on <br /> modified budget lines. <br /> • Release of grant funds is contingent on Grantee attendance at a Golden LEAF grants management <br /> workshop or satisfactory consultation with staff to gain training in management of Golden LEAF <br /> grants and reporting requirements. <br /> • Release of grant funds is contingent on Golden LEAF approval of management and operating plans, <br /> including fee structures,for the Center. <br /> • Release of funds is contingent on Grantee demonstrating that it has secured sufficient funds to <br /> complete the project. <br /> • If items purchased with Golden LEAF funds cease to be used for the purposes of this grant,Grantee <br /> agrees that the items will be sold and proceeds of the sale returned to Golden LEAF, unless <br /> otherwise approved by Golden LEAF. Grantee will notify Golden LEAF prior to holding any such <br /> sale. <br /> • Grantee agrees to provide economic impact data regarding the program annually FOR FIVE <br /> YEARS beyond the grant period,and to provide that data to Golden LEAF upon request. <br /> 7. The Grantee confirms that the Internal Revenue Service has determined that the Grantee is now an organization <br /> described in Section 501(c)(3)of the Internal Revenue Code of 1986,as amended, or is a federal,state or local <br /> governmental unit. Grantee agrees to notify the Foundation promptly if the Grantee's tax-exempt status is <br /> revoked or modified in any way. It agrees that it will use the funds from this grant only for charitable, <br /> educational,or scientific purposes within the meaning of Section 501(c)(3) of the Code,and that it will not use <br /> the funds from this grant in any way that would result in or give rise to private inurement or private benefit. The <br /> Grantee agrees that no funds from this grant will be used to carry on propaganda or otherwise to attempt to <br /> influence legislation, to influence the outcome of any public election, or to carry on directly or indirectly any <br /> voter registration drive. The Grantee agrees that it will not use any of these grant funds to make any grant that <br /> does not comply with the requirements of Section 4945(dX3)or(4)of the Code or to undertake any activity for <br /> any purpose other than one specified in Section 170(cX2XB) of the Code. Unless otherwise agreed by the <br /> Foundation, no portion of the Grantee's rights or obligations under this Agreement may be transferred or <br /> assigned to any other entity. <br /> BOCC Meeting, January 22, 2009, Page 33 /39 <br />