Browse
Search
Agenda - 09-02-2010 - 7a
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
2010's
>
2010
>
Agenda - 09-02-2010 - Regular Mtg.
>
Agenda - 09-02-2010 - 7a
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/27/2010 3:39:11 PM
Creation date
8/27/2010 3:39:10 PM
Metadata
Fields
Template:
BOCC
Date
9/2/2010
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
7a
Document Relationships
Minutes 09-02-2010
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2010
RES-2010-069 Resolution Regarding Planned Uses of Revenues from a Potential One-Quarter Cent (1/4ยข) County Sales and Use Tax
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2010-2019\2010
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
5
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />DRAFT <br />ORANGE COUNTY BOARD OF COMMISSIONERS <br />A Resolution Regarding Uses of Potential Revenues <br />from aOne-Quarter Cent (1/4¢) County Sales and Use Tax <br />WHEREAS, there are significant pressing infrastructure, economic development, school, and <br />other County capital needs that are precipitated by growth pressures and the new economic <br />reality facing Orange County; and <br />WHEREAS, it is important to provide Orange County taxpayers with alternatives to the <br />pressure to raise property taxes to address these and other County needs; and <br />WHEREAS, the levy of a Article 46 one-quarter cent (1/4¢) .County sales and use tax would <br />provide a new County revenue source and would generate approximately $2,300,000 <br />annually for the County; and <br />WHEREAS, it is important for Orange County to plan for future economic development that <br />will enable the County to recruit, retain, grow, and generate businesses and jobs that are <br />desirable; and <br />WHEREAS, it is important that Orange County expand collaboration and cooperation of <br />economic development efforts and decisions between Orange County and the towns of <br />Chapel Hill, Carrboro and Hillsborough and the cities of Mebane and Durham; and <br />WHEREAS, it is important for Orange County to meet public school needs; and <br />WHEREAS, it is important to provide .the residents of Orange County improved Library and <br />Emergency Medical Services to meet the increased demand of a growing population; and <br />WHEREAS, the Board of Commissioners establishes a 5 year commitment to allocate Article <br />46 one-quarter cent (1/4¢) County sales and use tax proceeds as follows: <br />a. 42.5% of the funding will be allocated in an equitable manner between the County's <br />two school systems for the dedicated purpose of facility improvements at `older' <br />schools within all of Orange County and the procurement of technology. Each school <br />system will establish a list of prioritized needs for older schools within the County. <br />Funding provided by the passage of the referendum will be allocated to those <br />prioritized projects. Progress will be evaluated, annually and adjustments made <br />according to needs agreed upon by the School Boards and Board of County <br />Commissioners; <br />b. 42.5% of the funding will be allocated to fund infrastructure improvements needed for <br />economic development initiatives that recruit new businesses, expand existing <br />businesses, provides funding for small business loans to grow businesses in Orange <br />County; and <br />c. 15% of the funding will be allocated equally to improve Library and Emergency <br />Medical Services. <br />4 <br />
The URL can be used to link to this page
Your browser does not support the video tag.