Agenda - 09-01-20; 8-a - Minutes

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13 1 Commissioner Marcoplos asked if this crisis has affected the ED projects that have 2 been approved for Orange County. 3 Steve Brantley said there were 4 ED announcements last year: 1.) ABB is on 4 schedule; 2.) Medline project site work going on, and is a bit behind, but they are moving 5 forward; 3.) Piedmont Metal Working is on schedule; and 4.) the medical company downtown 6 in Chapel Hill is on a delay. He said the inquiries from the state dipped the last two months, 7 but are picking up again. He said his department is very concerned about small businesses, 8 and he thanked the Orange County Board of Commissioners for the first round of small 9 business grants and loans. 10 Travis Myren resumed the PowerPoint presentation: 11 12 Article 46 Sales Tax— page 64 13 • Total projected collections - $3,885,168 14 o 4.5% Decrease from FY2019-20 Budget 15 • 50% or $1,942,584 Allocated to Schools and Distributed by Average 16 Daily Membership (ADM) 17 o Chapel Hill-Carrboro City Schools - $1,168,270 for Technology 18 o Orange County Schools - $744,314 for Technology 19 20 Article 46 Sales Tax— page 64-chart 21 • 50% allocated to Economic Development - $1,942,584 22 23 Commissioner McKee asked if there is a reason that the small business loan pool 24 does not need more money. 25 Travis Myren said there has been a lack of applications. 26 Commissioner Price asked if the loan pool balance could be identified. 27 Gary Donaldson, Chief Financial Officer, said it is $510,000. 28 Commissioner Price asked if these funds could be reallocated to the grant program. 29 Travis Myren said the BOCC will see a proposal in the June 2nd agenda packet. 30 Commissioner Price asked if more information could be given about the —$266,000 31 for incentives. 32 Travis Myren said there will not be enough to cover all the incentives, but this will be a 33 start to offset what would otherwise come from the general fund. He resumed the 34 PowerPoint presentation: 35 36 Orange County Transportation Services — page 295- 37 Theo Letman, Transportation Director, in attendance 38 Total expenditure budget - $3,257,048 39 o Net County Costs Increase by $541,089 40 o Revenue Reduction of$677,392 from FY2019-20 Budget 41 Partially Offset by Expenditure Reductions 42 o Use Budget Amendment Process in Future for Less Than 43 Certain Revenue 44 45 Vehicle Replacement Recommendations — Purchase 46 -CIP Page 48 47 48 Commissioner Marcoplos asked if the electric buses are for on demand services, 49 Theo Letman said no, these are for circulator service, and were paid for via grant 50 funding.