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1 <br /> ARTICLEOF OBLIGATION <br /> Expenditure Category for Recurring Funds Amount Type of Obligation <br /> Debt service on infrastructure $881,720 Obligation to pay debt service on utilities through June 30, 2040 <br /> Innovation Center— Launch Inc. $73,500 Contractual obligation with Town of Chapel Hill through <br /> December 31, 2024 <br /> Agricultural Grants $100,000 Discretionary <br /> Business Investment Grants $150,000 Discretionary <br /> Agricultural Summit $5,000 Discretionary <br /> Economic Development Summit $30,000 Discretionary <br /> Breeze Farm Contribution $10,000 Discretionary <br /> Orange Connect Scholarships $200,000 Discretionary <br /> Back to Work Initiative $50,000 Contractual obligation with Durham Tech through December 31, <br /> 2022 <br /> Arts Incubator—Administrative Office $10,000 Lease obligation through September 30, 2024 <br /> OC Farm App— Maintenance Fee $3,600 Discretionary <br /> Chamber Dues $7,646 Discretionary <br />