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9 <br /> <br />Commissioner Marcoplos said #26 is entitled Solar Energy, but solar is not mentioned in <br />the paragraph, and renewable energy is a better title. He said wind energy is very useful in <br />North Carolina, and should be promoted. He said there was a recent study done that showed <br />that more people respond favorably to renewable energy as compared to solar energy. <br />Commissioner Rich summarized: #45 will be moved to #1, and vice versa; #26 will be <br />renamed renewable energy; #42 will be named Bail Reform, and delete #46. <br />Commissioner Price said if you wanted to combine these two items, and leave out three <br />days count name. <br />Greg Wilder said he will revise this. <br />Greg Wilder said if the name “Three days count” is eliminated, then the yellow handout <br />would be eliminated. <br />Commissioner Price said she is fine either way, and if the name is deleted to make it <br />sound better she can accept that. She said if it rises to the level of discussion at the NCACC <br />they will know what it is. <br /> <br />A motion was made by Commissioner Price, seconded by Commissioner Burroughs to <br />approve the revised Resolution Detailing Orange County’s Recommendations Regarding Goals <br />for Inclusion in the North Carolina Association of County Commissioners’ (NCACC) 2019-2020 <br />Legislative Goals Package (Attachment 1); and authorize the Chair to sign the resolution as <br />presented or amended; and direct the Clerk to the Board to forward the approved resolution and <br />any other related materials to NCACC by the September 21, 2018 deadline. <br /> <br />VOTE: UNANIMOUS <br /> <br />Commissioner Jacobs said to incorporate the title and say, “also known as three days <br />count,” which would allow for the resolution to be included. <br /> <br />b. Discussion on Proposed Nonprofit Capital Funding Policy and Criteria <br />The Board considered discussing a proposed policy and criteria for providing loans to <br />nonprofits for capital projects and provided direction to staff. <br />Gary Donaldson, Chief Financial Officer, presented this item: <br /> <br />BACKGROUND: <br />At the June 12, 2018 BOCC meeting, a request was made to develop a County nonprofit capital <br />funding policy and loan criteria. This request was based on a pending$100,000 capital <br />campaign request from the Inter-Faith Council for Social Services, Inc. with funds earmarked <br />from the County’s Social Justice Fund. The Towns of Carrboro and Chapel Hill have not <br />indicated any capital funding for the Inter-Faith Council to date. <br /> <br />The proposed funding source for nonprofits that meet the County loan criteria is the Community <br />Loan Fund. The Community Loan Fund is an existing County revolving loan fund that could be <br />expanded and capitalized further through our annual capital financing borrowings. The use of <br />financing proceeds to capitalize a loan fund is a permissible use of proceeds under the North <br />Carolina statutes. <br /> <br />The Community Loan Fund was established in FY 2012-13 through appropriated General Fund <br />balance appropriation of $100,000 to provide no interest loans for residents to obtain water and <br />sewer connections. The loans to residents ranged from $3,500 to $10,000 with a maximum term <br />of 10 years. The Community Loan Fund received additional funding of $200,000 in FY 2017-18 <br />from capital financing proceeds; and there is a current balance of $282,837 earmarked for loans <br />to residents for utility connections.