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5 <br /> 1 various local governments join in promoting the region as a location for <br /> 2 such major sporting activities, and <br /> 3 WHEREAS, the Orange County Board of Commissioners wishes to join <br /> 4 with other local governments in the Triangle area in the promotion of <br /> 5 the area as a location for such large scale sporting events. <br /> 6 NOW, THEREFORE, BE IT RESOLVED that the Orange County Board of <br /> 7 Commissioners endorses the concept of joining with other local <br /> 8 governments in the region to create a regional sports authority in <br /> 9 accordance with the provisions of Part 3 of Article 20, Chapter 160A of <br /> 10 the North Carolina General Statutes. <br /> 11 NOW, THEREFORE, BE IT FURTHER RESOLVED that a financing mechanism <br /> 12 be explored that will impact only on the direct beneficiaries of the <br /> 13 sports facility and not use any property tax, sales tax, revenue <br /> 14 inventory or intangible tax. <br /> 15 VOTE: UNANIMOUS <br /> 16 <br /> 17 IX. REPORTS <br /> 18 <br /> 19 A. STATUS OF COUNTY-WIDE SCHOOL DISTRICT TAX <br /> 20 Chairman Carey explained that this item has been pending for <br /> '21 some time and the time frame for making a decision for putting this on <br /> 22 the November ballot is early September. The district tax has been <br /> 23 discussed as a possible way to achieve equal funding of the two school <br /> 24 systems. Chapel Hill-Carrboro schools have been assured that equal <br /> 25 funding will not adversely affect their school system. He asked that <br /> 26 the Board consider putting this on the agenda for September 4 for <br /> 27 decision and at that time ask the two school systems to make comments. <br /> 28 Commissioner Willhoit feels there is not enough time to <br /> 29 promote this tax. The County currently has a countywide district tax <br /> 30 of 34.9% for current operating expense and another four cents goes to <br /> 31 current capital plus the designated sales tax. He questions if the <br /> 32 County can define between now and November how this tax would be <br /> 33 managed. <br /> 34 <br /> 35 Commissioner Marshall feels that there would be a favorable <br /> 36 vote which would allow the schools and the county to move more directly <br /> 37 toward their educational goals. <br /> 38 Commissioner Halkiotis illustrated the importance of <br /> 39 education in the northern end of the County. The need for a new high <br /> 40 school will necessitate the need to have one school system in this <br /> 41 county. The Board needs to know the position of the Orange County <br /> 42 School System on this issue <br /> 43 Chairman Carey feels it important to put this districtwide <br /> 44 tax to the vote of the people so that the County will know whether or <br /> 45 not the citizens support it. <br /> 46 Commissioner Halkiotis suggested that the individual school <br /> 47 Boards meet and each decide their level of commitment to the <br /> 48 districtwide tax. <br /> 49 Commissioner Willhoit again questioned how this tax would be <br /> 50 managed. <br /> 51 John Link posed two issues which need to be resolved. It <br /> 52 needs to be decided what the tax will address. Will it be expansion <br />