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MEMORANDUM OF UNDERSTANDING <br /> BETWEEN <br /> ORANGE COUNTY AND THE TOWN OF HILLSBOROUGH <br /> Funding for Joint Economic Development Programs <br /> Article 46 Collaborative Outreach <br /> WHEREAS , North Carolina law authorizes counties to enter into agreements with third parties to <br /> provide services under mutually agreed upon terms and conditions ; and <br /> WHEREAS , the Town of Hillsborough ("Town") wishes to provide services or engage in <br /> economic development activities as designated herein, and Orange County (" County") and its <br /> residents and businesses would benefit from those services or activities . <br /> NOW THEREFORE, the County and Town agree , through this Memorandum of Understanding <br /> ("MOU") , to the following terms and conditions . <br /> 1 . The Town may request Collaborative Outreach funding from Article 46 for fiscal year 2019 - <br /> 2020 up to the amount of Five Thousand Seventy Two Dollars and Fifty Six Cents <br /> ($ 5 , 072 . 56) . The services or activities that qualify under this funding category shall consist of <br /> and be limited to economic development programs that aid in job creation, drive economic <br /> growth, support existing businesses , recruit new businesses , and in the promotion of other <br /> activities such as innovation and entrepreneurial growth, agri -tourism and agriculture in <br /> Orange County . No other services or activities are authorized by this MOU . The funding <br /> amount will be calculated annually based on a formula that adds the total population of <br /> Chapel Hill , Carrboro , Hillsborough and the portion of Mebane located within Orange <br /> County, and allocates each towns ' percentage of the total population to the total amount of <br /> Collaborative Outreach funding budgeted in a given year ($ 60 , 000 . 00 for FY 2019 -20 ) . <br /> 2 . The Town, if it elects to make a request to the County to access these funds , shall do so in <br /> writing and shall include in the request details pertaining to the amount of funding sought, a <br /> description of the services or activities the funding would support, the expected outcomes , <br /> any additional partners in the services or activities , and what resources the Town is providing <br /> to the services or activities . The Town shall also express any additional role they expect the <br /> County to play as it relates to the identified services or activities , and to acknowledge use of <br /> the Collaborative Outreach funding as a joint partnership between the Town and the County . <br /> 3 . That by entering into this MOU, the County assumes no liability for, and the Town fully <br /> releases County from liability for damages to its property or injury to its employees , agents , <br /> or officials caused by the acts or failures to act of its employees , agents , or officials related to <br /> the activities authorized herein . Additionally, to the extent authorized by law, the Town shall <br /> indemnify and hold harmless County, its officials , employees , and agents from any damage <br /> - 1 - <br />