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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: December 3, 20D7 <br />Actlon Agen~ <br />Item No. ``~~ii <br />SUBJECT: Release of State Economic Development Funding fo Triangle J Council of <br />DEPARTMENT: Economic Development PDBLIC HEARING: (Y/N) ND <br />ATTACHMENT(S): INFORMATION CONTACT: <br />November 9, 2001 Lederfrom TJCGG Dlenne ReiQ ext 2326 <br />Resolution <br />Section 20.12 of Senate Bill 1005 TELEPHONE NUMBERS: <br />Breaktlown of Funding per TJCGG Hillsborough ]32-8181 <br />Juristliction Ohapel Hill 968-0691 <br /> Durham 688-]331 <br /> Mebane 336-331.2931 <br />PURPOSE: To cansitler authorizing the release of funtls that were appropriatetl m [he Triangle <br />J Council of Governments (TJCGG) by the General Assembly. <br />BACKGROUND: Each year, the North Carolina General Assembly appropriates funds to the <br />eighteen Councils of Government across the sbte [o promote economic development eHoda. A <br />m of $55,000 was approprlatetl to each Council of Govemment (COG) for FY 2001 to assist <br />with regional ewnomic tlevelopment activities. Of Ttlangle J COG's $55,000 appropriation, <br />$4,389.94 is due to Me COG basetl on Orange COUMy's populefion. The State appropriation bill <br />requires that each County's share must be leasetl by the County to the COG, or [he funding <br />reverts to [he State's General FuM. The edachetl resduuon would authorize the release of <br />Orange County's share of these funtls to the TJCGG. <br />FINANCIAL IMPACT: There is no tlirect impact on Orange County, as this action represents a <br />pass through of State footle <br />RECOMMENDATION(S): The Manager recommentls that the SOaN Of Commissioners <br />approve the attached resolution antl authorze the Chair to sign it. <br />