2019-812 Economic Dev - Town of Carrboro Article 46 funds MOU

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MEMORANDUM OF UNDERSTANDING BETWEEN ORANGE COUNTY AND THE TOWN OF CARRBORO Funding for Joint Economic Development Programs Article 46 Collaborative Outreach WHEREAS , North Carolina law authorizes counties to enter into agreements with third parties to provide services under mutually agreed upon terms and conditions ; and WHEREAS , the Town of Carrboro (" Town") wishes to provide services or engage in economic development activities as designated herein, and Orange County (" County ") and its residents and businesses would benefit from those services or activities . NOW THEREFORE , the County and Town agree , through this Memorandum of. Understanding ("MOU") , to the following terms and conditions : I . County authorizes the Town to request Collaborative Outreach funding from Article 46 for fiscal year 2019 -2020 up to the amount of Fourteen Thousand Four Hundred Fifteen Dollars and Eighty Seven Cents ($ 14 ,415 . 87) . The services or activities that qualify under this funding category shall consist of and be limited to economic development programs that aid in job creation, drive economic growth, support existing businesses , recruit new businesses , and in the promotion of other activities such as innovation and entrepreneurial growth, agri -tourism and agriculture in Orange County . No other services or activities are authorized by this MOU . The funding amount will be calculated annually based on a formula that adds the total population of Chapel Hill , Carrboro , Hillsborough and the portion of Mebane located within Orange County, and allocates each towns ' percentage of the total population to the total amount of Collaborative Outreach funding budgeted in a given year ( $ 60 , 000 . 00 for FY 2019 -20 ) . 2 . The Town shall make a request to the County , in writing , to access these funds . The request shall include details pertaining to the amount of funding sought, a description of the services or activities the funding would support , the expected outcomes , any additional partners in the services or activities , and what resources the Town is providing to the services or activities . The Town shall also express any additional role they expect the County to play as it relates to the identified services or activities , and to acknowledge use of the Collaborative Outreach funding as a joint partnership between the Town and the County . 3 . That by entering into this MOU , the County assumes no liability for, and the Town fully releases County from liability for damages to its property or injury to its employees , agents , or officials caused by the acts or failures to act of its employees , agents , or officials related to the activities authorized herein . Additionally, to the extent authorized by law, the Town shall - 1 -