Agenda - 09-04-2014 - 6a - Laserfiche WebLink

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2 1 Commissioner Rich said a couple of things of interest came up during the forum season. 2 She said Mark Marcoplos suggested creating a database of local businesses, and she would 3 like to ask Economic Development to look into this. She said the idea was not for promotion of 4 businesses, but just for creation of a database. 5 Commissioner Rich said the Community Home Trust has provided a draft of their 6 charter and would like to make a presentation before the Board of County Commissioners. She 7 said the charter is for the next budget season, so this could be scheduled in the fall. 8 Chair Jacobs said the Board had talked about trying to get the state to provide an air 9 quality monitor in Orange County. He noted that Orange County is at the confluence of two 10 major interstates and downwind of a number of power plants. He said he would like to raise 11 this issue again on behalf of a citizen request. He suggested partnering with one of the 12 research universities in the area. 13 Commissioner Rich said PORCH is outgrowing their space for keeping food, and the 14 organization is looking for assistance in finding warehouse space in Orange County, close to 15 Chapel Hill. She said there is a small budget to pay for rental fees. 16 17 4. Proclamations/ Resolutions/ Special Presentations 18 19 a. Distinguished Budget Award Presentation for the 2013-14 County Budget 20 The Board recognized the budget staff of the Orange County Finance and 21 Administrative Services Department for earning the Government Finance Officers' Association 22 (GFOA) Distinguished Budget Presentation Award for the 2013-14 fiscal year budget 23 document. 24 Clarence Grier said the GFOA distinguished budget award is the highest form of 25 recognition that a budget can receive, and it has stringent criteria. He said the County has 26 received the award for the past 22 years. He recognized budget staff members for their 27 contributions. 28 He noted that yesterday the County received notification from Moody's bond rating that 29 Orange County now has AAA bond rating. He said Orange County is now one of 7 counties in 30 North Carolina with this rating and is now AAA with all three bond ratings. He said this will keep 31 interest rates low. 32 Chair Jacobs expressed appreciation for all of the work completed in creating the 33 budgets. He thanked the budget staff on behalf of himself and the tax-paying residents of 34 Orange County. 35 A motion was made by Commissioner Gordon, seconded by Commissioner Rich for the 36 Board to recognize the Finance and Administrative Services Director and staff for the receipt of 37 the GFOA Distinguished Budget Award for the 2013-14 County Budget and present the GFOA 38 plaque to them. 39 40 VOTE UNANIMOUS 41 42 b. Presentation of Manager's Recommended Fiscal Year 2014-15 Annual 43 Operating Budget and 2014-19 Capital Investment Plan 44 The Board received the Manager's Recommended FY 2014-15 Annual Operating 45 Budget and 2014-19 Capital Investment Plan. 46 Michael Talbert referred to the previous item. He said the receipt of the AAA rating was 47 a product of the policies adopted three years ago by the Board of County Commissioners 48 regarding fund balance and funding policies. He said the Board gets credit for stepping up and 49 making this happen. He said this will have a significant impact on borrowing cost moving 50 forward.