Agenda - 01-04-1988 - Laserfiche WebLink

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111 ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda Item No. ACTION AGENDA ITEM ABSTRACT Meeting Date: JANUARY 4, 1988 SUBJECT: ECONOMIC DEVELOPMENT FUNDING BY THE GENERAL ASSEMBLY DEPARTMENT: COMMISSIONERS PUBLIC HEARING: Yes X No ATTACHMENT(S) : INFORMATION CONTACT: SHIRLEY MARSHALL, X505 RESOLUTION WORK PLAN TELEPHONE NUMBER: Hillsborough - 732-8181 Chapel Hill - 968-4501 Mebane - 227-2031 Durham - 688-7331 PURPOSE: To consider taking action to authorize the release of funds that were appropriated to councils of government by the General Assembly. BACKGROUND: A sum of $55, 000 was appropriated to each COG to assist local governments in their economic development activities. Of the amount $7, 609 . 37 is due the COG based on Orange County' s popu- lation. Attached to this abstract is a seven point work plan proposed by the Triangle J Council of Governments which can be carried out through the funding. It is open to comment and suggestion from member counties and cities before being activated. Orange County' s Economic Development Commission will discuss the plan at the next regular meeting in order to identify specific ways in which the COG can increase and strengthen support for Economic Development activities in Orange County. The EDC recommendations will be submitted to the Board of Commissioners for their approval and then forwarded to the COG. The EDC Director will coordinate implementation of agreed areas of work with the COG staff. Meanwhile Board action is needed on the attached resolution to facilitate the release of the monies to the COG. Failure to act would cause the monies to revert to the State' s General Fund. RECOMMENDATION(S) : Approve attached resolution and authorize Chair to sign.