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oup- ao� a- oc c� 1 <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 A wa rd and Approval al of Budget Amendment <br /> #8-a <br /> DEPARTMENT: County Manager/ Economic PUBLIC HEARING: (Y/N) <br /> Development <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> (1) North Carolina Tomorrow Executive Michael Talbert, (919) 245-2308 <br /> Summary <br /> (2) Grant Agreement North Carolina <br /> Tomorrow <br /> (3) Community Investment &Assistance <br /> CDBG Funding Approval <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 />