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.~ <br />Golden LEAF <br />FOUNDATION <br />{LANG-TERM ECONOMIC ADVANCEMENT FOt3NDATION) <br />J~S[E THOMAS B[iNN ~ DAN GERIJLQi <br />cHA~MAIV QF THE BOARD April 16, 2009 1vr <br />Via E-Mail and US Mail <br />Geoffrey E. Gledhill <br />Coleman, Gledhill, Hargrave & Peek, I'.C. <br />P.O. Drawer 1 S29 <br />Hillsborough, NG 27278 <br />Dear Genf, <br />This letter is intended to clarify our mutual understanding of Sections 14, 1 S, and <br />16 of the Golden LEAF Grantee Acknowledgement and Agreement for the grant to <br />Orange County for the project titled "Piedmont Value-Added Shared-Use Food and . <br />Agricultural Processing Center." <br />Section 14 of the agreement refers to certain State Auditor reporting obligations <br />set forth in N.C. Gen. Stat. 143C-6-23. That statute places reporting requirements on <br />"grantees." A "grantee" is defined as "a non-State entity that receives State funds as a <br />grant from a State agency. but does not include any non-State entity subj ect to the audit <br />and other reporting requirements of the Local Government Commission." Because <br />Orange County is one of the several counties ofNorth Carolina, we would not expect <br />Orange County~to be subject to those reporting requirements. <br />Sections 15 and 16 of the agreement address issues related to the development <br />and licensing of New Developments, as that term is defined in the agreement, and the <br />distribution of revenues generated from. such New Developments. In this grant, Golden <br />LEAF funds are to be used to equip the Processing Center. The purchase and installation <br />of equipment is not a New Development as that term is used in the agreement. <br />I hope this letter addresses your concerns. If you have any questions or need <br />additional clarification, please let me know. . <br />Sincerely, <br />~~ ~ ~~ <br />Edward P. Lord <br />Vice President of Programs/Staff Attorney <br />301 NORTH WINSCEAD AVENUE • ROCKY MOUNT. NC 27804 • (2S2) 442-7474 • (888) b84-8404 • BAX (252) 44Z-7404 <br />www.goldenlea£org • Emsil: info~goldenleaforg <br />