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9 <br /> CEDCO service area; therefore <br /> BE IT RESOLVED BY THE ORANGE COUNTY BOARD OF COMMISSIONERS: <br /> 1. That Capital Economic Development Corporation (CEDCO) is <br /> invited to expand its service territory to encompass Orange <br /> County, conditional upon the following: <br /> (a) That CEDCO would make the SBA 504 program available to <br /> Orange County at no cost; and no time or other commitment <br /> or input from the County; and <br /> (b) That CEDCO would inform area bankers of the program and <br /> keep regular contact with Orange County bankers, and with <br /> the Orange County Economic Development Commission. <br /> 2 . That the County Clerk furnish to CEDCO a certified copy of <br /> this Resolution. <br /> Adopted this 5th day of January, 1987. <br /> VOTE: UNANIMOUS. <br /> 8a. LIVESTOCK MARKET <br /> Commissioner Carey referenced a letter from the Cattlemen's <br /> Association announcing a special meeting on 8 January to discuss the <br /> livestock marketing situation. After discussion Commissioner Halkiotis <br /> volunteered to attend the meeting. <br /> The Board stated that they are interested in doing whatever is <br /> appropriate to work with the farming community and economic development in <br /> determining the need to maintain a livestock market in Orange County. <br /> 9 . PROPOSED RECYCLING PROGRAM (The program narrative is in the <br /> permanent agenda file in the Clerk' s Office) <br /> The presentation was made by Assistant County Manager Bill Laws. <br /> Motion was made by Commissioner Willhoit, seconded by Commissioner <br /> Carey to approve the interim recycling program as proposed by W. Lee <br /> Burgess, Jr. , Sanitation Superintendent for the Town of Chapel Hill with <br /> funding to come from the landfill revenues to the extent that costs are <br /> not covered from the sale of recyclable material. <br /> VOTE: UNANIMOUS. <br /> 10. FINANCING OPTIONS FOR LONG RANGE CAPITAL NEEDS <br /> The presentation was made by Finance Director Gordon Baker. <br /> The State has requested that local Boards of Education prepare a <br /> survey of public school facility needs. The Board of Commissioners <br /> will be asked to review the capital needs and to submit a proposal for <br /> funding. <br /> Chair Marshall pointed out that the survey must identify those needs <br /> that are necessary to meet the criteria outlined in the Basic Education <br /> Plan. Additional figures will be available from the School Boards for the <br /> January 20 meeting. <br /> Discussion ensued on the financing of the long-range capital needs. It <br /> was the consensus of the Board that the long-range capital needs cannot be <br /> funded entirely with the pay-as-you-go method but will need to be funded <br /> with a combination of pay-as-you-go and bond issues. Before a bond issue <br /> is pursued, an agreement must be reached between the Board of <br /> Commissioners and the two school boards on the package that will be funded <br /> and how it will be presented to the citizens of Orange County. <br /> 11. SPACE ALLOCATION PLAN (Short-term Needs) (A copy of the entire <br /> report is in the permanent agenda file) <br /> Toni Mason from CHR presented Section IV of the report which addressed <br /> the short-term needs. The renovations would take place immediately with <br /> the relocation of some of the offices to the Carr Store Building. <br />