2024 - 7 RESOLUTION - Approving Lee Couny to Submit an Application for the NC Department of Commerce Rural Economic Development Grant - Buggy Building Improvement Project - 8-19-24

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FILED LEE COUNTY NC PAMELA G. BRITT REGISTER OF DEEDS FILED Oct 17, 2024 AT 01:59:02 pm BOOK 00004 START PAGE 0056 END PAGE 0057 INSTRUMENT # 06567 EXCISE TAX (None) • Ado s RESOLUTION APPROVING LEE COUNTY TO SUBMIT AN APPLICATION FOR THE NORTH CAROLINA DEPARTMENT OF COMMERCE RURAL ECONOMIC DEVELOPMENT GRANT—BUGGY BUILDING IMPROVEMENT PROJECT WHEREAS,the North Carolina Department of Commerce,through the Rural Economic Development Division, is authorized under N.C.G.S. § 14313-472.127 to administer grants to local government units to support downtown revitalization and economic development activities; and WHEREAS,this program allows Tier 2 units of local government to submit projects within their downtown districts to be eligible for potential funding; and WHEREAS,the maximum grant amount is$850,000.00 per grantee and may not exceed$12,500.00 per projected job reasonably anticipated to be created or retained; and WHEREAS,renovations or additions to publicly owned buildings in a downtown district that serve a public,community-wide use can be eligible for funding; and WHEREAS,the grant requires a 5%match of local government funding that cannot be derived from other state or federal grant funds or from an in-kind match but the County intends to make a 7.64%match of funds; and WHEREAS,if awarded,the project will require significant compliance and monitoring by the Rural Economic Development Division and therefore,county staff will be responsible for ensuring all grant requirements are followed; and WHEREAS, Lee County owns the Buggy Building located at 115 Chatham Street, in the downtown Sanford district,which provides a public, community-wide use and central location for developers and homeowners to seek necessary governmental services from Lee County finance,GIS, and environmental health departments,the Let County and the City of Sanford's planning and inspections department, and the economic development nonprofit organization Sanford Area Growth Alliance;and WHEREAS, Lee County intends to submit an application for the Buggy Building Improvement Project that consists of replacing the entire roof on the building and installing waterproofing measures along the perimeter of the building along 115 Chatham Street. NOW,THEREFORE,BE IT RESOLVED that the Lee County Board of Commissioners authorize and approve the following: 1. The Board of Commissioners authorizes Lee County,through its Grant Administrator and County Manager,to submit a formal application to the North Carolina Department of Commerce Rural Economic Development Division, Rural Downtown Economic Development Grant to request $799,500 in grant assistance for the Buggy Building Project.