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8 <br /> Motion was made by Commissioner Hartwell, seconded by Commissioner <br /> Halkiotis to delete Section 3 . 1 in its entirety. Discussion ensued and it <br /> was decided to have this section reworked and resubmitted to the Board. <br /> Article IV Sections 5.3 , 5.4, 9.3 , and 15. 1. 1 <br /> Article V Sections 5.2 and 7.0. <br /> Motion was made by Commissioner Willhoit, seconded by Chair <br /> Marshall to approve the Sections listed above. Article IV, Section 9.5 <br /> will be reworked and submitted again to the Board. <br /> VOTE: UNANIMOUS. <br /> Article VI Section 3 . 14 <br /> Article VII Section 3 . 2 <br /> Motion was made by Commissioner Carey, seconded by Commissioner <br /> Halkiotis to approve the two sections listed above with Article VII, <br /> Section 3 .2 to be effective through June 30, 1987 . <br /> VOTE: UNANIMOUS. <br /> 7 . NORTHERN FAIRVIEW PARK CONSTRUCTION - BID AWARD <br /> The presentation was made by Purchasing Director Pam Jones. <br /> Motion was made by Commissioner Carey, seconded by Commissioner <br /> Willhoit to award the bid for construction of Fairview Park to Laramore <br /> Construction Co. , Danville, Virginia for the negotiated sum of $104,990 <br /> and authorize the Chair to sign on behalf of the Board. <br /> VOTE: UNANIMOUS. <br /> 8 . SMALL BUSINESS ADMINISTRATION LOAN PROGRAM <br /> The presentation was made by Economic Development Director Sylvia <br /> Price. Janneke Hermans from the Capital Economic Development Corporation <br /> (CEDCO) answered specific questions and explained how the SBA 504 loan <br /> program operated. <br /> Sylvia Price stated that the Economic Development Commission heard <br /> the presentation from CEDCO and after a lengthy discussion passed a <br /> resolution requesting the Board of Commissioners to approve the program <br /> and adopt a resolution to that affect. <br /> Motion was made by Commissioner Carey, seconded by Commissioner <br /> Halkiotis to approve the resolution as stated below: <br /> RESOLUTION TO INVITE THE CAPITAL ECONOMIC DEVELOPMENT CORPORATION <br /> (CEDCO) TO EXPAND THE TERRITORIES OF ITS SMALL BUSINESS ADMINISTRATION <br /> (SBA) APPROVED CERTIFIED DEVELOPMENT COMPANY PROGRAM BOUNDARIES TO INCLUDE <br /> ORANGE COUNTY <br /> WHEREAS, the Board of the Orange County Commissioners sees the <br /> need to help small businesses in Orange County by improving the <br /> availability of long-term fixed asset financing to small businesses at <br /> affordable terms and conditions; and <br /> WHEREAS, the Board of the Orange County Commissioners believes <br /> that expansion, growth and viability of small businesses in Orange County <br /> will expand employment opportunities for Orange County Citizens, expand <br /> the tax base, increase business ownership opportunities and expand the <br /> economic base of the community; and <br /> WHEREAS, the authority of this program is found in the July 2, <br /> 1980 amendment to the Small Business Investment Act; and <br /> WHEREAS, the Capital Economic Development Corporation, hereafter <br /> known as CEDCO, is an authorized Certified Local Development Corporation <br /> with the resulting capabilities to provide long-term, fixed asset <br /> financing through Section 504 loans to certain businesses and individuals <br /> owning or leasing property located within designated boundaries of the <br />