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October 18, 2010 (Regular Meeting) Page 179 (G -3) EDC - Economic Development Public Investor Agreement, Program Update and Budget Amendment - $50,000.00 Chairman White advised the EDC (Economic Development Corporation) and Cabarrus County negotiated terms for the Economic Development Public Investor Agreement at a meeting held on September 21S He stated the Economic Development Public Investor Agreement identifies the provision of certain economic development related services for the period of November 1, 2010 - June 30, 2011 in exchange for payment of (up to) $21,833.33 per month which represents an additional $50,000.00 as requested by the EDC. UPON MOTION of Vice Chairman Poole, seconded by Commissioner Carruth and unanimously carried, the Board approved the Economic Development Public Investor Agreement between Cabarrus County and the Cabarrus Economic Development Corporation for the period of November 1, 2010 - June 30, 2011 in exchange for payment of (up to) $21,833.33 per month. By the same vote, the Board adopted the following budget amendment: Date:9 /24/2010 Amount:$50,000 Dept. Head:John Day Department:County Manager C Internal Transfer Within Department E Transfer Between Departments /Funds Q Supplemental Request Purpose: Restore funding to the Economic Development Corp. as approved at the September 20, 2010 Board of CnmmiesinnarG maatinn_ Account Number Account Name Approved Budget Increase Amount Decrease Amount Revised Budget 00191910 -9660 Contingency $736,214 $50,000 $686,214 00191980 -9724 EDC $212,000 $50,000 $262,000 John Cox, Ryan McDaniels and Anna Lu Wilson, Cabarrus Economic Development Corporation (EDC), thoroughly reviewed the EDC Quarterly Report for the period of July 1 - September 30, 2010 as required by the Public Investor Agreement. During the presentation, Mr. Cox, Mr. McDaniels and Ms. Wilson responded to a variety of questions from the Board. (G -4) FPC - Food Policy Council Update, Local Food Purchasing Policy and 10 Percent Campaign Patricia Cramer, Food Policy Council Chairman, presented a brief review of accomplishments of the Food Policy Council since its inception. She stated the Cabarrus County Community Food Assessment for Phase 1, which is an overview of the agricultural products in the County, has been completed and Phase 2, which is a qualitative analysis characterizing how food gets from farm to market in Cabarrus County, is underway and should be available in June 2011. She requested the Board adopt the Local Food Purchasing Policy requiring Cabarrus County government employees to locally source at least 10 percent of all food served at county catered events and small department - sponsored meetings from food producers within North Carolina. Ms. Cramer also responded to questions from the Board. Debbie Bost, Cooperative Extension Director, presented information related to the North Carolina Farm to Fork 10 Percent Local Food Campaign which was launched in July and is a collaborative program between the Center for Environmental Farming Systems, the North Carolina Cooperative Extension and N.C. State University. The program encourages participants to spend 10 percent of their existing food dollars to support North Carolina food producers, businesses and communities. The program also tracks those expenditures. She showed the viewing audience how to sign up for the 10 Percent Campaign electronically and responded to questions from the Board. UPON MOTION of Commissioner Carruth, seconded by Vice Chairman Poole and unanimously carried, the Board adopted the Local Food Purchasing Policy and encouraged citizens to participate in the North Carolina Farm to Fork 10 Percent Local Food Campaign. (G -5) Resolutions Designating Cabarrus County as a Recovery Zone for Recovery Zone Bond Purposes and Requesting Reallocation of Recovery Zone Bond Authority to Cabarrus County John Day, County Manager, commented on the issuance of recovery zone bonds as part of the American Recovery and Reinvestment Act (ARRA) and the related resolutions designating the County as a recovery zone and approval of a reallocation request. He advised that a private company may be interested in taking advantage of these bonds which have to be issued by year end. He further advised there is no financial obligation for the County and responded to questions from the Board.