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37 <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 <br /> needs for an initial ten years (Attachment 3). <br /> A Special Revenue Fund was established to receive and account for the One-Quarter Cent <br /> 1/40) County Sales and Use Tax. The funds have remained separate from the County's <br /> General Fund to allow for more accurate tracking of revenues and expenditures in accordance <br /> with the initial ten-year allocation plan. Collections for the initial ten-year period have been as <br /> follows: <br /> Fiscal Year Collections <br /> 2012 $709,663.25 <br /> 2013 $2,732,717.94 <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 /> 2022 $1,282,154.63 <br /> (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 /> Debt Service on Utility $881,720 <br /> Infrastructure <br /> Examples include: Installation of backbone water and sewer infrastructure in the Economic <br /> Development Districts <br /> Economic Development <br /> Partnerships $272,000 <br /> Examples include: Economic Development Summit, Chambers of Commerce Dues, <br /> UPROAR Art Festival, Collaborative Outreach with Municipalities, Durham Technical <br /> Community College's Small Business Program, Research Triangle Regional Partnership <br /> Dues <br /> Entrepreneurship $325,500 <br /> Examples Include: Launch Inc. Innovation Center, Eno Mill Arts Incubator, Piedmont Food <br /> Processing Center <br /> Agriculture Economic <br /> Development $195,340 <br />