Orange County NC Website
Browse       Search
018 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action A ends <br /> Item No. . <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: DECEMBER 1, 1986 <br /> SUBJECT: ECONOMIC DEVELOPMENT FUNDING BY THE GENERAL ASSEMBLY <br /> DEPARTMENT: COUNTY MANAGER PUBLIC HEARING: Yes X No <br /> ATTACHMENT(S) : INFORMATION CONTACT: MANAGER'S <br /> OFFICE,X501 <br /> RESOLUTION TELEPHONE NUMBER: <br /> WORK PLAN Hillsborough - 732-8181 <br /> Chapel Hill - 968-4501 <br /> Mebane - 227-2031 <br /> Durham - 688-7331 <br /> PURPOSE: To consider taking action to authorize the release of funds <br /> that were appropriated to councils of government by the <br /> General Assembly. <br /> NEED: A sum of $55,000 was appropriated to each COG to assist local <br /> governments in their economic development activities. Of the <br /> amount $7,594.82 is due the COG based on Orange County's popu- <br /> lation. The funds, however could not be released until the <br /> procedures for financial distribution, work planning and <br /> reporting could be developed. <br /> Attached to this abstract is a seven point plan of work pro- <br /> posed by the Triangle J Council of Governments which can be <br /> carried out through the funding. It is open to comment and <br /> suggestion from member counties and cities before being acti- <br /> vated. Orange County's Economic Development Commission will <br /> discuss the plan at the next regular meeting in order to iden- <br /> tify specific ways in which the COG can increase and stengthen <br /> support for Economic Development activities in Orange County. <br /> The EDC recommendations will be submitted to the Board of <br /> Commissioners for their approval and then forwarded to the <br /> COG. The EDC Director will coordinate implementation of <br /> agreed areas of work with the COG staff. <br /> Meanwhile Board action is needed on the attached resolution to <br /> facilitate the release of the monies to the COG. <br /> IMPACT: Use of the funds will aid the County's on-going efforts to <br /> improve economic conditions. With the most recent Saratoga <br /> Plant closing extra efforts will be mounted for which COG <br /> assistance will be needed. <br /> Failure to act would cause the monies to revert to the State's <br /> General Fund. <br /> RECOMMENDATION(S) : <br /> Approve attached resolution. <br />