ORD-2011-006 Budget Ordinance Amendment #7-A

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ODD- Q00- 00� ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: February 15, 2011 Action Agenda Item No. 4--h SUBJECT: Contract Between the NC Department of Agriculture and Consumer Services and Orange County: Grant for Specialty Crop Equipment for the Piedmont Food & Agricultural Processing Center; and Approval of Budget Amendment #7 -A DEPARTMENT: Economic Development and PUBLIC HEARING: (YIN) No Financial Services ATTACHMENT(S): INFORMATION CONTACT: Contract Noah Ranells, Agricultural Economic Development Coordinator, 245 -2330 Gary Shope, Interim Economic Development Director, 245 -2325 Michael Talbert, Deputy Financial Services Director, 245 -2153 PURPOSE: To approve a contract with the NC Department of Agriculture and Consumer Services for a $79,950 Specialty Crop grant for equipment for the Piedmont Food and Agricultural Processing Center. BACKGROUND: In May 2010, the BOCC approved a request by staff to submit a grant application to the NC Specialty Crops Program for equipment that will be installed at the Piedmont Food and Agricultural Processing Center. A $79,950 grant was awarded to fund the purchase of specialty crop equipment. This award is extremely timely given that the facility renovations are approximately 40% complete and on schedule for opening in April 2011. FINANCIAL IMPACT: The grant includes a staff in -kind match of $12,000 that will be fulfilled by the Ag Economic Development Coordinator position. Budget Amendment #7 -A increases the project budget by $79,950 from the NC Department of Agriculture and Consumer Services for a Specialty Corp Grant for the purchase of equipment. Budget Amendment 7 -A Piedmont Food & Agricultural Processing Center Project # 10043 Revenues for this project: Current FY 2010 -11 FY 2010 -11 Amendment FY 2010 -11 Revised Sales Tax & Dedicated Property Tax Grant Funds $1,320,419 $79,950 $1,400,369 Total Project Funding $1,320,419 1 $79,950 1 $1,400,369