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contrary to the headlines in the News and Observer today, it is not fast-tracked, but it is <br />following the normal pace. <br />Nick Didow made reference to the one-page handout, which was an overview of the <br />corporation. The mission is "to bring the resources of the Town, University, and downtown <br />community together to maintain, enhance, and promote downtown as the social, cultural, and <br />spiritual center of Chapel Hill through economic development." The corporation is governed by <br />seven board members. The Town of Chapel Hill appointees are Robert Epting, Allen Fine, Tom <br />Tucker, and Andrea Rohrbacher. The University of North Carolina appointees are Vice <br />Chancellor Nancy Suttenfield and Trustee Roger Perry. This group chose a seventh board <br />appointee, which is Betty Kenan. Nick Didow said that he was selected as the Interim Executive <br />Director in mid-August. He will help get the corporation going and help in the search process for <br />a permanent Executive Director. <br />Nick Didow made the following points: <br />- The board meets the second and fourth Wednesday morning of each month from 7:30 - <br />9:00 a.m. <br />- The funding istwo-thirds from the Town of Chapel Hill and one-third from UNC. <br />- They have to work collaboratively with other local, county, regional, and state economic <br />development groups and downtown Chapel Hill stakeholders. <br />- CHDEDC is a private 501 (c} 3 corporation that has chosen to operate in accordance <br />with the North Carolina Open Meetings Law. <br />- Major current CHDEDC activities include: <br />o Managing the transition of critical downtown services and activities with <br />assistance from several partner organizations; <br />o Start-up matters including filing for 501 (c) 3 federal designation, opening a <br />CHDEDC corporate office in downtown, establishing telecommunications and <br />Internet support services, bank accounts, etc.; <br />o Board discussion of CHDEDC goals, short term objectives, long term objectives <br />and downtown economic development strategies; <br />o Review recent recommendations for improving downtown; <br />o Briefings on UNC, Town, and private economic development projects at various <br />stages of planning and implementation that will significantly impact downtown; <br />o Establishing a positive board culture in process and conduct to be an effective <br />organization and change agent for downtown Chapel Hill; and <br />o Development of an Executive Director job description and strategy to recruit a <br />permanent, full-time Executive Director. <br />The office of the CHDEDC will be 308 West Rosemary Street, Suite 202. The next meeting is <br />Wednesday, October 13th, at the Chapel Hill Museum -Public Meeting Room starting at 7:30 <br />a.m. He invited everyone to attend. <br />Jacqueline Gist said that they were glad to have Nick Didow in this role. She said that Carrboro <br />was undergoing their own second renaissance in Carrboro, and one of the biggest things is the <br />renovation of the ArtsCenter/Cat's Cradle property. She said that even though they are very <br />distinct political entities, they are one community and their downtowns flow into each other. She <br />suggested that they have a meeting twice a year with the CHDEDC and the complementary <br />counterparts in Carrboro. <br />