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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> MEETING DATE: December 16, 1997 <br /> Action Agenda <br /> Item # a- f <br /> SUBJECT:Orange County Small Business Loan Pool <br /> DEPARTMENT:EDC PUBLIC HEARING: Yes_No_X_ <br /> BUDGET AMENDMENT NEEDED: Yes No <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Articles of incorporation Ted Abernathy 732-8181(ext. 2325) <br /> Bylaws Geof Gledhill 732-2196 <br /> Resolution TELEPHONE NUMBERS: <br /> Hillsborough - 732-8181 <br /> Durham - 699-7331 <br /> Mebane - (910) 227-2031 <br /> Chapel Hill - 967-9251/968-4501 <br /> Purpose: <br /> To approve the articles of incorporation and bylaws for the Orange County <br /> Small Business Loan Program. <br /> Background: <br /> At the September 2nd Board of County Commissioner meeting the <br /> Commissioners voted to proceed with development of the loan pool <br /> program. The County Attorney was asked to draft the legal documents <br /> necessary to create the nonprofit needed to administer the program. <br /> Recommendation: <br /> The manager recommends that the commissioners adopt the attached <br /> resolution and direct the County Attorney to proceed. <br />