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� <br /> g_ Contract Between US Housinq and Urban Development and Oranqe County: Economic <br /> Development Initiative Grant for the Piedmont Food &Aqricultural Processinq Center <br /> The Board approved a contract with US Housing and Urban Development (HUD) accepting a <br /> $237,500 Economic Development Initiative grant for the Piedmont Food and Agricultural <br /> Processing Center subject to County Attorney review and authorized the Chair to sign. <br /> h. Grant Submittals to 1) US Department of Aqriculture, Rural Development - Community <br /> Facilities Grant Proqram and 2) NC Specialty Crops Proqram for the Piedmont Food and <br /> Aqricultural Processinq Center <br /> The Board authorized staff to submit 1) a $250,000 grant proposal to the US Department of <br /> Agriculture, Rural Development— Community Facilities grant program and 2) a $100,000 grant <br /> proposal to the NC Specialty Crops Program for the Piedmont Food and Agricultural Processing <br /> Center. <br /> i. Business Plan for the Piedmont Food and Aqricultural Processinq Center <br /> The Board received the business plan for the Piedmont Food &Agricultural Processing Center <br /> and authorized the staff to continue with the establishment of the Piedmont Food &Agricultural <br /> Processing Center. <br /> i Fiscal Year 2009-10 Budqet Amendment #10 <br /> The Board approved budget, grant and capital project ordinance amendments for Fiscal Year <br /> 2009-10 for Department of Environment, Agriculture, Parks and Recreation; Economic <br /> Development; Department on Aging; Economic Development (Value-Added Processing Center <br /> Capital Project Ordinance); Board of Elections; and Emergency Services Department. <br /> k. Appropriation of General Fund Balance to Fund Existinq County Capital Projects <br /> The Board approved the appropriation of $1,739,270 in General Fund Balance to provide funding <br /> for 11 County Capital Projects which have a shortfall. <br /> I. Appropriations of Solid Waste Fund Balance for the Lands Leqacy Project <br /> The Board approved appropriating $50,000 from the Solid Waste Fund Balance to provide <br /> funding for the Lands Legacy Project. <br /> m. The Establishment of a County Capital Reserve Fund <br /> The Board established a County Capital Reserve Fund for future County Capital needs by <br /> approving the attached resolution. <br /> RESOLUTION <br /> ESTABLISHMENT OF THE COUNTY CAPITAL RESERVE FUND <br /> WHEREAS, there is a need in Orange County, North Carolina to accumulate funds for future <br /> County Capital needs; <br /> NOW, THEREFORE, BE IT RESOLVED BY THE ORANGE COUNTY BOARD OF <br /> COMMISSIONERS THAT: <br /> Section 1. The Governing Board hereby creates a Capital Reserve Fund for the purpose of <br /> funding future County capital needs. <br /> Section 2. The fund will remain operational until such time as it is no longer needed. <br /> Section 3. The County Capital Reserve Fund will be funded by: <br /> - Pay as you go funds (i.e. property tax, sales tax) <br /> - General Obligation Bonds <br />