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3 <br /> ECONOMIC DEVELOPMENT PROGRAM'S IN ORANGECOUNTY" FUNDED BY <br /> ARTI,CLE 46, E ICI CENT ° FOOR ECOrNOMIC DEVELOPIVIENTI <br /> IkPy Sectors <br /> Percentage N <br /> Econom i c Devalopm ent U secf Fu nd s Annual Funds, Allocation <br /> a r a ,o s„ r, I"c (,a D I I $75D,000,r: 601.0% <br /> fir. <br /> Small Business,Lo' <br /> uuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuumnnn-�uuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu uuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu <br /> I n n oval I n cu bator enter f or E i .I <br /> Devel ii L a I I I as 1 ,,. <br /> F I1 Business Invesft,entGrants $10,0,10"0"0, • <br /> Agricultural Economic DeveloypMentGrarits, $60,20,00" 5.01%, <br /> Mark & Collaborative Outreach $' , a . <br /> Collateral Materials.,Advertising, Publishing $2?00,00, 1.5% <br /> ANNUAL TOTAL $1 250, 000, 1101,01.01% <br /> 1 Debt Service on utilities of funds $750,,0 <br /> Article 46 funds for economic development support infrastructure projects - primarily <br /> public water and sewer wit in land use designated economic development zones. <br /> Interlocal agreements with utility providers for eventual maintenance are necessary as the <br /> County has accomplished with Mebane and Durham. A ten-year program is underway to <br /> install `backbone' or primary collector utilities in 3 economic development zones -- <br /> EflandlBuckhorn/Mebane, Hillsborough and Eno (1-85/U.S. o and was planned within <br /> the Capital Investment Plan. In total, these areas Fever over 3,000, acres. However, <br /> these primary systems do not provide adjacency to every lot, but provide the major <br /> collector back to the existing utility. Funding for infrastructure is mainly in three financial <br /> lines: <br /> 0 Debt service - When the construction phase of the project is bid and awarded, the <br /> cost can be part of a loan package with other County capital and paid by Article 4 . <br /> Economic Development Account PROCEEDS NOT CAE <br /> Infrastructure Servriees/Adden du ms - The design and easement acquisition <br /> phase and later construction oversight (also, known as soft costs) have been paid <br /> with existing Article 46 proceeds. They were therefore not subject to the higher <br /> cost of interest laden dept service, and due to the time-frame, would be more <br /> difficult to include in a more finite capital loan package. This could also be used for <br /> site certification; geo-technical & environmental testing, etc. <br />