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F <br /> 1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 27, 2002 <br /> Action Agen a <br /> Item No. _Q <br /> SUBJECT: Recognition of Central Carolina Bank's Contribution to ORANGE COUNTY 250 <br /> DEPARTMENT: Economic Development PUBLIC HEARING: (YIN) No <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Background Article from the Chapel Hill Dianne Reid, ext 2325 <br /> News <br /> TELEPHONE NUMBERS: <br /> Hillsborough 732-8181 <br /> Chapel Hill 968-4501 <br /> Durham 688-7331 <br /> Mebane 336-227-2031 <br /> PURPOSE: To recognize the significant contribution of Central Carolina Bank toward the <br /> upcoming 250' anniversary of the founding of Orange County. <br /> BACKGROUND: September 9, 2002 marks the 250"' anniversary of the first colonial court of <br /> the County of Orange, held at Grayfields along the Eno River. A planning group—the Orange <br /> County 250 Committee— has been meeting regularly to plan a series of celebration activities for <br /> the year, outlined in the attached "Our Town" article from the Chapel Hill News. <br /> In May, the Board encouraged the planning group to seek corporate contributions to help <br /> support anniversary activities. Central Carolina Bank was approached and has agreed to be <br /> the major corporate sponsor for the celebration, providing $10,000 over a two-year period. <br /> FINANCIAL IMPACT: Central Carolina Bank's contribution will be a $5,000 gift this year and <br /> another$5,000 gift in calendar year 2003. <br /> RECOMMENDATION(S): The Manager recommends that the Board publicly acknowledge the <br /> contribution from Central Carolina Bank. <br />