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oRP- a~~ a- o( co <br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: May 1, 2012 <br />Action Agenda <br />Item No. 5 - -F <br />SUBJECT: North Carolina Tomorrow Grant Award and Approval of Budget Amendment <br />#8-a <br />DEPARTMENT: County Manager/ Economic PUBLIC HEARING: (Y/N) ~ <br />Development <br />ATTACHMENT(S): <br />(1) North Carolina Tomorrow Executive <br />Summary <br />(2) Grant Agreement North Carolina <br />Tomorrow <br />(3) Community Investment & Assistance <br />CDBG Funding Approval <br />INFORMATION CONTACT: <br />Michael Talbert, (919) 245-2308 <br />PURPOSE: To accept the $50,000 NC Tomorrow Grant Award from the Community <br />Investment & Assistance, Community Development Block Grant (CDBG) Program through the <br />NC Department of Commerce and approve Budget Amendment #8-a. <br />BACKGROUND: The NC Department of Commerce and the 16 regional North Carolina <br />Councils of Governments are working cooperatively to create a more uniform approach to <br />economic development planning across the state. The project is to produce a comprehensive <br />economic development strategy (CEDS) for each region. These regional plans would be <br />consolidated into a State strategy. The regional councils are also working with the federal <br />Economic Development Administration on this initiative. Attached is an Executive Summary of <br />the initiative, providing a more detailed description of the proposed collaborative partnership. <br />The County has been awarded a$50,000 NC Tomorrow grant from the North Carolina <br />Department of Commerce. Triangle J Council of Governments (TJCOG) will act as the sub- <br />grantee to carry out the work and manage the grant. The grant award is for a period of 24 <br />months beginning March 19, 2012. The award will not hinder any other CDBG efforts by <br />Orange County and will not count against County caps. <br />FINANCIAL IMPACT: There are no County matching funds required for the grant. The County <br />is the grantee for these funds, and the Triangle J Council of Governments (TJCOG) will act as <br />the sub-grantee to carry out the work and manage the grant. The grant period is for 24 months. <br />The budget amendment provides for the receipt of these funds and creates a multi-year grant <br />project ordinance as follows: <br />