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50 <br /> possible, with fund balance available but unappropriated in the local <br /> current expense fund that is equal to no more than 2 .7% of the budgeted <br /> expenditures in that fund for that year, and; <br /> CHAPEL HILL-CARRBORO SCHOOLS begin each fiscal year, to the <br /> extent possible, with a fund balance available but unappropriated in <br /> the local current expense fund that is equal to no more than 5.5% of the <br /> budgeted expenditures in that fund for that year. " <br /> VOTE: UNANIMOUS. <br /> 7. RESOLUTION AUTHORIZING EXECUTION OF SECTION 8 HOUSING <br /> ASSISTANCE PAYMENTS PROGRAM ANNUAL CONTRIBUTIONS CONTRACT <br /> Motion was made by Commissioner Marshall, seconded by <br /> Commissioner Lloyd to approve the resolution as stated below: <br /> RESOLUTION AUTHORIZING EXECUTION <br /> OF AN ANNUAL CONTRIBUTIONS CONTRACT <br /> WHEREAS, the Orange County Housing Authority (herein called the "PHA") <br /> proposes to enter into an Annual Contributions Contract (herein call the <br /> "Contract" with the United States of America, Department of Housing and <br /> Urban Development (herein called the "Government") . <br /> NOW, THEREFORE, BE IT RESOLVED by the PHA as follows: <br /> Section 1. The Contract, numbered Contract No. A-2903, is hereby <br /> approved and accepted both as to form and substance and the Chair of Bd. <br /> of Commissioners is hereby authorized and directed to execute said <br /> Contract in triplicate on behalf of the PHA, and the Clerk to the Bd. of <br /> Commissioners is hereby authorized and directed to impress and attest <br /> the official seal of the PHA on each such counterpart and to forward <br /> said executed counterparts to the Government together with such other <br /> documents evidencing the approval and authorizing the execution thereof <br /> as may be required by the Government. <br /> Section 2 . The County Manager is hereby authorized to file with the <br /> Government from time to time, as monies are required, requisitions <br /> together with the necessary supporting document, for payment under the <br /> contract. <br /> Section 3 . This Resolution shall take effect immediately. <br /> VOTE: UNANIMOUS. <br /> 8 . JOB TRAINING PLAN SUMMARY FOR PROGRAM YEAR 1986-87 (A copy of <br /> the summary is in the permanent agenda file in the Clerk's office) . <br /> County Manager Kenneth R. Thompson presented for consideration <br /> of approval the Central Piedmont Service Delivery Area Job Training Plan <br /> Summary for Program Year 1986-87. <br /> Motion was made by Commissioner Lloyd, seconded by <br /> Commissioner Carey to approve the summary for program year 1986-87 as <br /> presented. <br /> VOTE: UNANIMOUS. <br /> I. REPORTS <br /> 1. PLANNING BOARD/DEPARTMENT SUMMARY OF ACTIVITY FOR 1985 (A copy <br /> of the complete summary is in the permanent agenda file in the Clerk's <br /> office) . <br /> For information only, Director of Planning Marvin Collins <br /> summarized the departmental activity - for 1985. <br /> 2 . PLANNING DEPARTMENT WORK PROGRAM (A copy of the work plan is <br /> in the permanent agenda file in the Clerk's office) . <br /> Marvin Collins presented the proposed Planning Department Work <br /> Program for the period January 1 through June 30, 1986 for consideration <br />