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Agenda - 06-06-2023; 5-a - Public Hearing Regarding Proposed Performance Agreement Between Orange County, North Carolina and Terra Equity, Inc., and Approval of Budget Amendment #10-A
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Agenda - 06-06-2023; 5-a - Public Hearing Regarding Proposed Performance Agreement Between Orange County, North Carolina and Terra Equity, Inc., and Approval of Budget Amendment #10-A
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BOCC
Date
6/6/2023
Meeting Type
Business
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Agenda
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5-a
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6 <br /> into the County Capital Fund for ease of tracking and will increase the authorization in the County <br /> Capital Fund by $359,436. <br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is applicable to <br /> this item: <br /> • GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY <br /> The creation and preservation of infrastructure, policies, programs and funding necessary <br /> for residents to provide shelter, food, clothing and medical care for themselves and their <br /> dependents. <br /> ENVIRONMENTAL IMPACT: The following Orange County Environmental Responsibility Goal <br /> impact is applicable to this item: <br /> • RESULTANT IMPACT ON NATURAL RESOURCES AND AIR QUALITY <br /> Assess and where possible mitigate adverse impacts created to the natural resources of <br /> the site and adjoining area. Minimize production of greenhouse gases. <br /> RECOMMENDATION(S): The Manager recommends that the Board: <br /> (1) Receive the proposal to consider entering a Performance Agreement for the purpose of <br /> incentivizing Terra Equity, Inc.'s public utility investment in the Hillsborough Economic <br /> Development District of Orange County; <br /> (2) Conduct the Public Hearing and receive public comments; <br /> (3) Close the Public Hearing; <br /> (4) Approve the performance-based incentive agreement between Orange County and Terra <br /> Equity, Inc., subject to final review by the County Attorney, and authorize the Chair to sign <br /> the Performance Agreement on behalf of the County; and <br /> (5) Approve Budget Amendment #10-A as detailed above. <br />
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