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<br /> Appropriated for this project:
<br /> Current FY 2023-24 FY 2023-24
<br /> FY 2023-24 Amendment Revised
<br /> Grant Expenditures $7,581,217 ($2,084,609) $5,496,608
<br /> Total Costs $7,581,217 ($2,084,609) $5,496,608
<br /> Lands Legacy(-$500,000) - Project# 20011
<br /> Revenues for this project:
<br /> Current FY 2023-24 FY 2023-24
<br /> FY 2023-24 Amendment Revised
<br /> Grant Revenue $500,000 ($500,000) $0
<br /> Donations $2,000 $0 $2,000
<br /> Alternative Financing $2,469,708 $0 $2,469,708
<br /> From General Fund $42,697 $0 $42,697
<br /> Appropriated Fund Balance $9,337 $0 $9,337
<br /> Total Project Funding $3,023,742 ($500,000) $2,523,742
<br /> Appropriated for this project:
<br /> Current FY 2023-24 FY 2023-24
<br /> FY 2023-24 Amendment Revised
<br /> Grant Expenditures $3,023,742 ($500,000) $2,523,742
<br /> Total Costs $3,023,742 ($500,000) $2,523,742
<br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is
<br /> applicable to this item:
<br /> • GOAL: ESTABLISH SUSTAINABLE AND EQUITABLE LAND-USE AND
<br /> ENVIRONMENTAL POLICIES
<br /> The fair treatment and meaningful involvement of people of all races, cultures,
<br /> incomes and educational levels with respect to the development and enforcement
<br /> of environmental laws, regulations, policies, and decisions. Fair treatment means
<br /> that no group of people should bear a disproportionate share of the negative
<br /> environmental consequences resulting from industrial, governmental and
<br /> commercial operations or policies.
<br /> Economic Development
<br /> 2. On May 24, 2022 the Board of County Commissioners adopted a resolution authorizing
<br /> approval of a lease agreement and economic incentive agreement for the expansion of
<br /> Well Dot, Inc.'s health care IT operations in Orange County, NC. The agreements provided
<br /> for the leasing of the County's former Visitors Bureau building and adjacent space
<br /> previously occupied by the Skills Development Center. Well Dot made a non-refundable,
<br /> initial deposit of $250,000 and will make rent payments totaling $404,576.04 annually to
<br /> the County for the first six (6) years of the lease. The performance agreement provides
<br /> initial funding to upfit the space based on employment and wage targets. The agreement
<br />
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