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2 <br />The Statewide Programs Oversight Committee will review and make a <br />recommendation to the Secretary of Transportation. <br />The Secretary will review, approve, and place the item on the Board agenda for <br />action. <br />The Board of Transportation will review and take action on the proposed use of <br />Economic Development Funds. <br />It should be noted the Buckhorn Road improvements are one of Orange County's top <br />priorities in the Triangle Area Regional Planning Organization (TARPO) Priority List for <br />the Transportation Improvement Program, and have been for several years. Adverse <br />impacts to existing neighborhoods can also be reduced with the Buckhorn Road <br />improvements. <br />FINANCIAL IMPACT: There is no direct financial impact associated with this item. <br />RECOMMENDATION(S): The Manager recommends the Board: <br />1. Approve the resolution requesting economic development funds; and <br />2. Authorize the Chair to forward a letter to the NCDOT Division 7 Board of <br />Transportation member and the Division 7 Engineer requesting the funds. <br />