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Steve Brantley said that funds that are not spent will go into a reserve for those <br />categories. There will be a County website for the general public to monitor how the funds are <br />being utilized. <br />Commissioner Hemminger said that she wanted to make sure that these funds are <br />going to be used for these particular categories because it sounds like it will be thrown into the <br />General Fund. <br />Michael Talbert said that there will be a separate fund that will track these revenues <br />called a Special Revenue Fund. <br />Commissioner McKee said that he understood Commissioner Jacobs' hypothetical <br />scenario, but he wants to be careful not to veer from the original intent. <br />Commissioner Gordon said that they need to be careful to do what they said they would <br />do, <br />Chair Pelissier said that the County Commissioners need to discuss how they would <br />collaborate with businesses in Orange County and they need some criteria. <br />Commissioner Foushee agreed and said that the fact that the taxes will not be levied <br />until April 2012 gives the County Commissioners an opportunity to have these conversations <br />with the towns. <br />ORANGE COUNTY BOARD OF COMMISSIONERS-APPROVED <br />A Resolution Levying an Additional One-Quarter Cent (1/4¢) County Sales and Use Tax <br />in Orange County <br />WHEREAS, Article 46 of Chapter 105 of the North Carolina General Statutes (NCGS. Sections <br />105-535 through 105-538) authorizes the Board to levy a One-Quarter Cent (1/4¢) County <br />Sales and Use Tax in the. County, subject to an subsequent to the affirmative vote of a majority <br />of those voting in an advisory referendum held by the County on the question of whether to levy <br />such local sales and use tax in the County as required by NCGS 105-537; and <br />WHEREAS, in connection therewith, the Board has heretofore directed the Orange County <br />Board of Elections to conduct an advisory referendum on such question, which advisory <br />referendum was held on November 8, 2011; and <br />WHEREAS, the Board of Elections has certified to the Board that, in said advisory referendum, <br />the ballots were cast 10,749 (60.68%) FOR and 6,965 (39.32%) AGAINST the levy of the <br />additional One-Quarter Cent (1/4¢) County Sales and Use Tax in the County; and <br />WHEREAS, NCGS 105-537 permits the Board, after public notice of its intent to do so, to adopt <br />a resolution levying the additional One-Quarter Cent (1/4¢) County Sales and Use Tax in the <br />County; and which notice was published at least 10 days before the date of this meeting; and <br />WHEREAS, the Board has determined that the levy of the additional One-Quarter Cent (1/4¢) <br />County Sales and Use Tax in the County is necessary to fund significant pressing school facility <br />and technology needs, and infrastructure improvements needed for economic development <br />initiatives; <br />NOW, THEREFORE, BE IT RESOLVED by the Orange County Board of Commissioners as <br />follows: <br />