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ECONOMIC DEVELOPMENT ADVISORY BOARD POLICIES AND PROCEDURES 8 <br /> B. Objectives <br /> 1. Meet with prospective clients, and be involved with select economic development <br /> endeavors; <br /> 2. Participate and advise in discussions, evaluations, and decisions on appropriate <br /> economic development uses of the proceeds from the quarter cent sales tax; <br /> 3. Craft,analyze and promote economic development initiatives; <br /> 4. Identify and review potential new markets; <br /> 5. Assist in planning economic development policy; <br /> 6. Actively engage in stimulating community discussions on economic development <br /> issues; <br /> 7. Assist with the small business loan program; <br /> 8. Set priorities on the location and type of infrastructure (water,sewer,fiber)for the <br /> County's Economic Development Districts; <br /> 9. Help determine how Orange County might partner with the towns on economic <br /> development initiatives; and <br /> 10. Assist and advise on the recommended areas suitable for economic development <br /> and commercial nodes.. <br /> SECTION III: MEMBERSHIP <br /> A. Authority <br /> 1. North Carolina General Statute 153,76-grants boards of county commissioners the <br /> authority to establish advisory boards and"toappoint members to and remove <br /> members from those advisoy boards. In acting on this authority the Orange County <br /> Board of Commissioners hereby establishes certain general conditions to which <br /> applicants and members of advisory boards should conform. <br /> B. Composition <br /> 1. The Economic Development Advisory Board is composed of 9 voting <br /> members. Members shall include representatives from the following sectors: <br /> a. Orange County's core business community, including banking, <br /> construction, manufacturing, architecture, real estate, legal, <br /> development, utility management, etc. <br /> b.- And individual who represents agriculture; <br /> C.- An individual actively involved in entrepreneur activities; <br /> d. An individual representing the University of North Carolina at Chapel <br /> Hill, preferably involved in the development activities,such as planning <br /> for Carolina North,or on the foundation side of business development; <br /> e. The tourism sector represented by an individual involved in retail <br /> and/or hospitality,such as a restaurant or hotel manager,or someone <br /> involved in the arts; and <br /> Page 2 of 4 February 21, 2012 <br />