Minutes - 19820826 - Laserfiche WebLink

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I 49c - i tea. cooperation among the governments in the County. He added that he defined the responsibilities of such a commission to identify land for development and to arrange financing for such development. Bath Mr. Gastineau•and Mr. Crenshaw said this had to be done on a county- wide basis and the Commissioners were the "key to success" in such an endeavor. They said they had prepared by-laws for an economic development commission and hoped to have the Commissioner approve their work thus far. Messrs. Gastineau and Crenshaw said they envisioned an executive director and a secretary for him/her office supplies and promotional material; expenses for the first year's operation were estimated by Mr. Gastineau at $70-75,000. Commissioner Whitted said the County had set aside some money for economic development in this year's budget and that the Board would discuss at an-early meeting how to commit those funds. There was a consensus among Board members that the degree-of`fnterest should be ascertained�\from the municipalities in the County and a financial commitment to the project were the first two steps. And, other proposals should also be explored, such as the one presented by Dr. Ed Bergman's class last spring. There was a consensus among Board members to set up, with the Greater Chapel Hill-Carrboro Economic Development Committee the Carrboro Develop- ment Corporation and representatives from the municipalities in the County a meeting to explore interest, financial commitment, and other proposals for economic develop- ment in the County. Commissioner Whitted told Messrs. Gastineau and Crenshaw he would notify them by letter the next day of his Commissioners'. representative to that "exploratory task force." Commissioner Whitted thanked those bodies for their presentation and comments. With no further business to come before the Board, it adjourned by consensus. Richard E. Whitted, Chair Paulette Pridgen-Pond, Clerk