1994 - 10-17-94 Regular Meeting - Laserfiche WebLink

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H Y 15 PP,'c- %I 003 the other seventeen regions. They are asking that a resolution be approved by the Board releasing Lee County's share of the economic development monies from the State Budget Office to the Triangle J Council of Governments. If the funds are not released they will revert back to the general fund. Commissioner Stafford moved to approve the following resolution: RESOLUTION 94/95 BY LEE COUNTY WHEREAS, in North Carolina the Lead Regional organizations, as voluntary organizations serving municipal and county governments, have established productive working relationships with the cities and counties across the state; and WHEREAS, many counties and cities continue to need assistance in pursuing economic and community development opportunities, but federal assistance in the form of intergovernmental revenues has been severely curtailed in recent years; and WHEREAS, the 1994 General Assembly recognized this need through the appropriation of $864,270 to help the Lead Regional organizations assist local governments with grant applications, economic development, community development, and to support local industrial development activities and other activities as deemed appropriate by their local governments; and WHEREAS, these funds are not intended to be used for payment of members' dues or assessments to Lead Regional Organization or to supplant funds appropriated by the member governments; and WHEREAS, in the event that a request is not made by a unit of government for release of these funds to our Regional Council, the available funds will revert to the State's General Funds; and WHEREAS, in Region J funds in the amount of $48,015 will be used to carry out the economic development plan approved by the COG Board of Delegates and especially to improve the economy of the counties and towns of the Region by strengthening ties to and consequently benefits of the Research Triangle Park. NOW, THEREFORE BE IT RESOLVED, that Lee County requests the release of its $3,129.19 share of these funds to the Triangle J Council of Governments at the earliest possible time in accordance with the provisions of Chapter 321, Senate Bill 27, Section 39 of the 1994 Session Laws. Upon a vote, the results were as follows: 3