2020-839-E Economic Dev-Town of Hillsborough Article 46 collaboration agreement

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- 1 - MEMORANDUM OF UNDERSTANDING BETWEEN ORANGE COUNTY AND THE TOWN OF HILLSBOROUGH 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 Hillsborough (“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: 1. The Town may request Collaborative Outreach funding from Article 46 for fiscal year 2020- 2021 up to the amount of Four Thousand Nine Hundred Seventy Six Dollars and Seventeen Cents ($4,976.17). 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 2020-21). Collaborative Outreach funds that are not requested by the Town within the given fiscal year will automatically roll over to the next year and be available for the Town to request at a later date. 2. The Town, if it elects to make a request to the County to access these funds, shall do so in writing and shall include in the request 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, DocuSign Envelope ID: 713BEBD3-FED9-4287-B88A-A38DA28C652B