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Approve the Miscellaneous Budget Ordinance Amendment and Project Ordinance Amendments to Adjust Various Fund Budgets for FY 2019-20.
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Staff:
Department:
Amy Oland, Director
Business Management
Overview: After the Council approves the annual budget, periodic changes require the Town to amend the original budget.
Recommendation(s):
That the Council:
* Enact the attached budget ordinance amendment to adjust the General Fund, Grants Fund, Library Gift Fund and Transit Capital Reserve Fund; and
* Enact the attached project ordinance amendments to adjust the Capital Projects Ordinance Fund and the Transit Capital Grants Fund; and
* Adopt the attached resolution to accept the ABC Grant.
Key Issues:
* General Fund
Orange County established a Collaborative Outreach program (Sales Tax Article 46), making funds available for economic development programs that aid in job creation, drive economic growth, support existing businesses, recruit new businesses, and promote other activities such as innovation and entrepreneurial growth, agri-tourism and agriculture in Orange County. Orange County has allocated $39,059 in funding based on population for each county municipality.
As the Town considers a major redevelopment on East Rosemary Street, this project may present significant parking and construction impacts to local businesses. The Economic Development Office, in collaboration with the Chamber and Downtown Partnership, plans to offer a grant program to businesses to mitigate construction impacts. The Economic Development Office will create an application process and will review applicants in collaboration with the Chamber and Downtown Partnership. Micro grants will then be issued by the Downtown Partnership to businesses with demonstrated need ($30,000 total funding available). Additionally, in collaboration with community partners, a marketing campaign for Downtown businesses will be created during the construction period. This program will advertise and...
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