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--- <br />26~: <br />INTEROFFICE MEMORANDUM: E7al-~i~~10 <br />Water/Sewer Policy <br />May 13. 1987 <br />Paoe 6 <br />proposed to be within a protected we'ershed, be <br />able to show the proposed deve opmsnt is <br />compatible with maintaining rater quai:ty. <br />- have the proper zoning at the proposFC~ site. <br />- improve Job opportunities av2!Iable to Orange <br />County citizens bnd especially for women and <br />~,inortties. <br />- Provlde• Jobs above the prevailing w•s^e scale in <br />the co~,nty. <br />- Not place an inordlrar,t demand on Cour.'y services <br />such as schools, fire and police proteetior~. <br />- Provide a significant increzse in the County taX <br />base. tWSP) <br />t3) It is the policy cs Orange County to e~-abiish and <br />maintain 0 fund jor tl~e purpose cl either firancing <br />or paying for water and sewer ex-~nsiCns to <br />approved protects. Utility extensions constructed <br />by Orange County wilt be leased to the :evelopment <br />far rhlch they are constructed. (K'SP) <br />t4) Prange County will fund prof®Ct ~nglneering <br />• studies, easemer,; acquisition, Mat=- and sewer <br />lines including wipe end ancille-y ecu`pmer:~ such <br />as crater pumps, sower pumps, valves, p~-;p houses, <br />fire hydrants, and Meyer and sEM•er fret=r..en; plants <br />as well as the c~tual cony*ructian of these <br />utilities. Where a MroJec- is approved :•ut funding <br />is not immsdiate;y eveiia:•le, it :ill ;s placed on <br />a priority waiting list based on :-s epa^oval date. <br />(h'S') <br />(3) Crange County~s financial particlzatian for <br />approved protects shall not exceed the ®stimated <br />increase in ad va~orem tax yields from `he projoct <br />in the six yea; s fol toeing i'`s cort;p'etion. The <br />method of calcuitying the ceiling =pr county <br />funt+ing of any one prcject should not i:r Construed <br />as establishing the eligibility of P ?-oject for <br />funding or the me-hod of repayment to tr-e revo{ving <br />funE. The tollowing is a sample calculeyion: <br />St.~oo,oao <br />128,000 <br />51,272,000 <br />S.Sk4/5100 <br />6,920 <br />41,518 <br />• <br />Esti~:ased value of land an? building <br />minu_ land value <br />LStlhated vale cf buildincs <br />Veluztion tax rate - <br />Tax 'B'urn from each prejec- year <br />Psriic;pat'on 6y County or tax return <br />