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1. 42.5% will be allocated in an equitable manner between the County's two school <br /> systems dedicated for the purpose of facility improvement at 'older' schools within all of <br /> Orange County and the procurement of technology. Each school system will establish <br /> a list of prioritized needs for older schools within the County. Funding provided by the <br /> passage of the referendum will be allocated to those prioritized projects. Progress will <br /> be evaluated annually and adjustments made according to needs agreed upon by the <br /> School Boards and the Board of County Commissioners. <br /> 2. 42.5% will be allocated to economic development efforts including funding <br /> infrastructure improvements needed to recruit new businesses and expand existing <br /> businesses; funding for business loans and grants to grow businesses in Orange <br /> County; targeted business recruitment , retention and expansion efforts; and <br /> community branding and marketing. <br /> 3. 15%will be allocated equally to improve Library and Emergency Medical Services over <br /> a five-year period;,and -{Deleted:. <br /> WHEREAS, if additional funding does not come from the one-quarter cent sales and use tax, <br /> I the property tax will remain the principal funding source available for public schools, economic ,- Deleted: 9 <br /> development initiatives, and library and emergency medical services; and <br /> WHEREAS, to distinguish and separate the revenues generated by the one-quarter cent sales <br /> and use tax, if approved by Orange County voters, a Special Revenue Fund will be <br /> I established to receive and account for the sales and use tax revenue, with the afunds jemaininc, ,-{Deleted:.These <br /> separate from the County's General Fund to allow more accurate tracking of revenues and Deleted:will <br /> expenditures in accordance with the initial five year allocation plan outlined within this <br /> resolution; and <br /> WHEREAS, the Orange County Board of Commissioners strongly asserts its aim to use the <br /> revenues from the Article 46 one-quarter cent sales and use tax, if approved by the voters, for <br /> the needs thus stated for a period of five years, with a scheduled implementation date of April <br /> I 1, 2011 Deleted:. <br /> NOW, THEREFORE, BE IT RESOLVED THAT the Orange County Board of Commissioners <br /> without reservation urges all Orange County voters to seize the opportunity presented on the <br /> November 2, 2010 ballot to vote FOR the local sales and use tax at the rate of one-quarter <br /> percent in addition to all other state and local sales and use taxes in Orange County. <br /> BE IT FURTHER RESOLVED THAT the Orange County Board of Commissioners sincerely <br /> calls upon the elected boards of the Towns of Chapel Hill, Carrboro, and Hillsborough and the <br /> Chapel Hill Carrboro City Schools and Orange County Schools Boards of Education to adopt <br /> similar resolutions urging jesident voters to also avail themselves of the opportunity to vote ,-- Deleted:its <br /> FOR the local sales and use tax,pn the November 2, 2010 general election ballot. __-{Deleted:at the general election <br /> This the 5th day of October, 2010, <br /> VOTE: UNANMOUS <br />