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2 <br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goals are <br /> applicable to this item: <br /> • GOAL: FOSTER A COMMUNITY CULTURE THAT REJECTS OPPRESSION <br /> AND INEQUITY <br /> The fair treatment and meaningful involvement of all people regardless of race or <br /> color; religious or philosophical beliefs; sex, gender or sexual orientation; national <br /> origin or ethnic background; age; military service; disability; and familial, residential <br /> or economic status. <br /> • GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY <br /> The creation and preservation of infrastructure, policies, programs and funding <br /> necessary for residents to provide shelter, food, clothing and medical care for <br /> themselves and their dependents. <br /> Sale of County Property <br /> 2. Earlier this year, the County sold property at 129 East King Street in Hillsborough for <br /> $404,641. As this is a one-time revenue, the County will recognize these funds in the <br /> County Capital Reserve Fund. This will provide additional pay-as-you-go funding for <br /> upcoming capital or one-time expenditures. <br /> SOCIAL JUSTICE IMPACT: There are no Orange County Social Justice Goals applicable <br /> to this item. <br /> Economic Development <br /> 3. The NC Department of Commerce has agreed to support the County's incentive agreement <br /> with Medline Industries. The County has received $500,000 in pass-through funding from <br /> the state's "One NC Fund", as Medline Industries has met the company's 2019 capital <br /> investment goal and has created 250 new jobs. These funds will be recognized in the <br /> Article 46 Fund outside of the General Fund, and will be provided directly to Medline <br /> Industries. <br /> SOCIAL JUSTICE IMPACT: There are no Orange County Social Justice Goals applicable <br /> to this item. <br /> Finance and Administrative Services <br /> 4. The County will close on the sale of Series 2023 A&B Limited Obligation Bonds for Schools <br /> and County projects on June 13, 2023. This budget amendment provides for the Cost of <br /> Issuance expenses related to the Series 2023 A&B Limited Obligation Bonds financing <br /> package of $235,000 in the Debt Service Fund to be included in the overall Debt Service <br /> budgeted expenditures, and provides for the receipt of the financing proceeds to cover the <br /> cost of these expenditures in the Debt Service Fund. <br /> SOCIAL JUSTICE IMPACT: There are no Orange County Social Justice Goals applicable <br /> to this item. <br />