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Minutes 01-29-2019 Assembly of Governments
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Minutes 01-29-2019 Assembly of Governments
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6/5/2019 9:07:01 AM
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BOCC
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1/29/2019
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Assembly of Government
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Minutes
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2/19/19; 8-a
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Agenda - 01-29-2019 Assembly of Governments
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\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 01-29-19 Assembly of Governments
Agenda - 01-29-2019 Abstract - Assembly of Governments Discussion Items
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\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 01-29-19 Assembly of Governments
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17 <br /> Bonnie Hammersley said they started collecting in 2012, but debt service does not start <br /> until the money is borrowed. She said all the money has not been borrowed, and it is currently <br /> just under$1 million in debt service, and this is being done by 20 year limited obligation bonds <br /> (LOBs). She said it will be satisfied in about 25 years. <br /> Alderman Slade said he is curious to know when some of this money will be free to use <br /> for better economic development. He asked if there is going to be an opportunity to see how <br /> the investment into the infrastructure in the Buckhorn and Eno areas has been realized, prior to <br /> investing in other Economic Development Districts (EDDs). <br /> Bonnie Hammersley said that was discussed at the Board of County Commissioners <br /> retreat last week, and staff will be looking into how to best go forward with the EDDs. <br /> Alderman Slade encouraged the Board of County Commissioners to review the <br /> investment in the current EDD before pouring money into other EDDs. <br /> Alderman Slade said there is an opportunity to synergize with the emergency that is <br /> represented by climate change, and studies show supporting locally owned businesses gives <br /> back to the local community in so many ways. <br /> Alderman Slade said Carrboro is not seeing any revenue from the % cent sales tax, and <br /> he said would appreciate recognition of this fact, and also looks forward to collaboration with the <br /> County in getting more support on Carrboro economic development, and finding ways where <br /> people can work without having to depend on cars and public transportation. He said this <br /> opportunity may present itself in transition area 2. <br /> Mayor Lavelle referred to the article 46 sales tax monies and economic development in <br /> Carrboro, and said Carrboro is a small town with geographically limited economic development <br /> opportunities. She said Carrboro's economic engine is downtown, and the Town wants the <br /> Board of County Commissioners to think through this when considering ways to partner <br /> together. <br /> Alderman Seils echoed Mayor Lavelle's statement and said downtown Carrboro is an <br /> EDD for Orange County. He said the Town is hopeful for more ways to collaborate with the <br /> County to recognize that fact. <br /> Mayor Hemminger said the LAUNCH funding is good for the entire county and more <br /> companies are staying within their borders. <br /> Commissioner Dorosin said this was the theme at the BOCC retreat: collaboration on <br /> affordable housing, transit, and economic development. He said there are these obvious places <br /> for collaboration with Carrboro, and he would like to see talk turn into action. He said they need <br /> to prioritize the most important thing that Carrboro and Orange County can work on together. <br /> He said sometimes plans are brought to the Board too late, and discussions need to occur <br /> earlier. <br /> Commissioner Greene referred to Alderman Slade's comments, and said Orange <br /> County has an agricultural economic development officer with lots of ideas to boost the local <br /> food economies. She said these ideas should not get lost, and are valued by the BOCC. <br /> Mayor Lavelle agreed that economic development for one can provide economic <br /> development for all, but said Carrboro has a focus on local businesses and retaining local <br /> businesses. She said this is highly valued. <br /> Alderman Slade said there is a large question of where is the biggest bang for the buck. <br /> He asked if the County has ever done a leakage analysis to identify the sectors of the economy <br /> that would multiply financial investment. He said less than one percent of local food is <br /> consumed locally, and it is all leaving the area. He said he would like to capture a higher <br /> percentage of the millions of dollars represented by the food consumed. He said it is a bigger <br /> issue than just taxes. He would like to see a study commissioned to ensure that the money that <br /> is being spent is being spent effectively. He said growth in Hillsborough will rub off on Carrboro, <br /> but he fears development that supports a Japanese candy factory does not return as much <br />
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