TITLE: Title
Consideration of a Funding Request from the Orange County Veterans Memorial Committee
PURPOSE: The purpose of this agenda item is to consider a funding request of $25,000 to support the construction of the Orange County Veterans Memorial.
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DEPARTMENT: Town Manager’s Office
CONTACT INFORMATION: David Andrews, Town Manager, 919-918-7315, dandrews@townofcarrboro.org
INFORMATION: On January 8, 2019, Orange County Veterans Memorial Committee Co-Chairs, Jim Merritt and Bruce Runberg, presented their request for funding the memorial to the Town of Carrboro Board of Aldermen.
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The Board requested that staff look into the funding proportionality equation and that the Orange County Veterans Memorial Committee consider monument language that is educational and forward thinking. Alderperson Barbara Foushee became an active member of their Committee after this meeting.
In an email dated April 1, 2019, Mr. Merritt and Mr. Runberg contacted the Board of Aldermen to formally request $25,000 in support of the project and provided additional information (Attachment B). In correspondence with staff, they noted that their funding request is based on a combination of jurisdiction population size and past support, to date. They have requested $50,000 from Chapel Hill (they also provided about $15,000 for the original design), and $25,000 from Orange County (they provided the 3 acre site, $15,000, and part time staff support of 3 county employees over a 2 year period). They will also request funding from Hillsborough.
FISCAL & STAFF IMPACT: The Town has not included provisions in the current budget to provide $25,000 for the memorial. However, on March 12, 2019, the Board of Alderman approved the use of the closed Special Revenue Fund, Business Loan Fund (BLF), to support non-profit capital requests.
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Currently, $32,000 remains in this fund. Once this balance is expended, the fund will not be replenished. There is no staff impact.
RECOMMENDATION:r Staff recommends the Board of Aldermen consider utilizing the closed Business Loan Fund to fund the $25,000 request to support the construction of the Orange County Veterans Memorial. If the Board chooses to do so, a resolution is attached.