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3 <br /> • Collaborate with local economic development partners (municipalities, <br /> chambers of commerce) to extend the program's reach <br /> Establishment of 501c (4) 12-16% Up to $200,000 for several <br /> entity years <br /> • Explore the feasibility of creating public-private stand-alone economic develop <br /> entity <br /> On November 16, 2011 the Orange County Board of Elections certified to the Board of County <br /> Commissioners that, in said advisory referendum held on November 8, 2011, 10,749 ballots <br /> (60.68%) were cast FOR and 6,965 ballots (39.32%) AGAINST the levy of the additional one- <br /> quarter cent (1/4¢) County Sales and Use tax in the County. <br /> On December 5, 2011 the Orange County Board of Commissioners adopted a Resolution to <br /> approve uses of Article 46 revenue to fund economic development and public school capital needs <br /> for an initial ten years (Attachment 3). <br /> A Special Revenue Fund was established to receive and account for the One-Quarter Cent 1/4¢) <br /> County Sales and Use Tax. The funds have remained separate from the County's General Fund <br /> to allow for more accurate tracking of revenues and expenditures in accordance with the initial <br /> ten-year allocation plan. Collections for the initial ten-year period have been as follows: <br /> 2012 - $709,663.25 <br /> 2013 $21732,717.94 <br /> 2014 $2,859,674.61 <br /> 2015 $3,000,536.84 <br /> 2016 $3,215,661.88 <br /> 2017 $3,535,129.93 <br /> 2018 $3,725,492.96 <br /> 2019 $3,987,946.55 <br /> 2020 $3,674,507.75 <br /> 2021 $4,318,897.26 <br /> $1,282,154.63 <br /> 2022 (Partial Reporting) <br /> Total $26,367,339.01 <br /> During the 2012 to mid-year 2022 period, Orange County Schools and Chapel Hill Carrboro City <br /> Schools have received 50% or $13,183,669.51 of the total Article 46 revenues. <br /> As the initial ten-year period for Article 46 funding has expired, the following categories for the <br /> Economic Development portion of Article 46 funding are being proposed. It is anticipated that <br /> the Education portion of Article 46 will remain as outlined in the original Resolution. <br /> Focus Area Estimated Annual Expenditures <br /> Debt Service on Utility <br /> Infrastructure $881,720 <br /> Examples include: Installation of backbone water and sewer infrastructure in the <br /> Economic Development Districts <br /> Economic Development <br /> Partnerships $272,000 <br />