Agenda - 03-16-2010 - 7b - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: March 16, 2010 Action Agenda Item No. 7b SUBJECT: Piedmont Food & Agricultural Processing Center: Inter-local Agreement DEPARTMENT: Economic Development PUBLIC HEARING: (Y/N) No ATTACHMENT(S): Inter-local Cooperative Agreement INFORMATION CONTACT: Noah Ranells 245-2330 Brad Broadwell 245-2325 John Roberts 245-2318 PURPOSE: To consider approval of the Inter-local Cooperation Agreement governing startup management of the Piedmont Food & Agricultural Processing Center. BACKGROUND: At the Board's January 21, 2010 regular meeting, staff provided an update on the drafting of the Inter-local Agreement to govern management of the Piedmont Food & Agricultural Processing Center. The Inter-local Agreement has been revised based on the legal review by participating counties (Alamance, Chatham, & Durham). The Inter-local Agreement establishes a `project partnership' based upon the following premises: A. The term of the agreement will be until June 30, 2015 unless terminated or extended by the four partner counties. B. Orange County will be responsible for legal, day-to-day oversight, accounting, and personnel support for those non-permanent employee(s) that manage the project until it becomes anon-profit corporation. C. Orange County will be the lead grant recipient and administrator for grant funds including accounting and reporting requirements. D. Except in the case of revenue shortfall, financial aspects of the Center will not impact the Orange County budget. In case of revenue shortfall, 40% of the revenue shortfall, not to exceed $60,000 per year, will be charged to Orange County. Approval of the Inter-local Agreement by Alamance, Chatham, and Durham counties will result in 60% of any revenue shortfall, not to exceed $90,000, be divided among the partner counties. These figures are based on a maximum operating budget of $150,000.