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- 1 - <br />MEMORANDUM OF UNDERSTANDING <br />BETWEEN <br />ORANGE COUNTY AND THE TOWN OF CARRBORO <br /> <br /> <br />Funding for Joint Economic Development Programs <br />Article 46 Collaborative Outreach <br /> <br /> <br /> <br />WHEREAS, North Carolina law authorizes counties to enter into agreements with third parties to <br />provide services under mutually agreed upon terms and conditions; and <br /> <br />WHEREAS, the Town of Carrboro (“Town“) wishes to provide services or engage in economic <br />development activities as designated herein, and Orange County (“County”) and its residents and <br />businesses would benefit from those services or activities. <br /> <br />NOW THEREFORE, the County and Town agree, through this Memorandum of Understanding <br />(“MOU”), to the following terms and conditions: <br /> <br />1. County authorizes the Town to request Collaborative Outreach funding from Article 46 that <br />has previously been allocated and remain available for the Town of Carrboro’s use during <br />fiscal years FY 20-21 ($3,775.41), FY 21-22 ($13,800.00), FY 23-24 ($13,728.00) and FY <br />24-25 ($13,524.00) for up to the total amount of Forty-Four Thousand Eight-Hundred <br />Twenty-Seven Dollars and Forty-One Cents ($44,827.41). The services or activities that <br />qualify under this funding category shall consist of and be limited to economic development <br />programs that aid in job creation, drive economic growth, support existing businesses, recruit <br />new businesses, and in the promotion of other activities such as innovation and <br />entrepreneurial growth, agri-tourism and agriculture in Orange County. No other services or <br />activities are authorized by this MOU. The funding amount is calculated annually based on a <br />formula that adds the total population of Chapel Hill, Carrboro, Hillsborough and the portion <br />of Mebane located within Orange County, and allocates each towns’ percentage of the total <br />population to the total amount of Collaborative Outreach funding budgeted in a given year <br />($60,000.00 for FY 2024-25). Any existing Collaborative Outreach funds as outlined above <br />that are not requested by the Town within the current fiscal year will expire on June 30, 2025 <br />and will no longer be available for the Town to request. <br /> <br />2. The Town shall make a request to the County, in writing, to access these funds. The request <br />shall include details pertaining to the amount of funding sought, a description of the services <br />or activities the funding would support, the expected outcomes, any additional partners in the <br />services or activities, and what resources the Town is providing to the services or activities. <br />The Town shall also express any additional role they expect the County to play as it relates to <br />the identified services or activities, and to acknowledge use of the Collaborative Outreach <br />funding as a joint partnership between the Town and the County. <br /> <br />Docusign Envelope ID: E87D1DC0-A265-4D47-B022-609E91B4D3A9