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r <br />D~3G164 Z" <br />' of -calculating the ceiling for County funding of <br />• any one protect should not be construed as <br />establishing the eligibility of a protect for <br />funding or the method of repayment to the revolving <br />fund (Enterprise Fund). The following is a sample <br />calculation: <br />$],400,000 - Estimated value of land and building <br />_..._128.,.~iQS! - minus land value <br />$1,272,000 - Estimated value of buildings <br />$.544/5100 - Valuation tax rate <br />-S 8,920 - Tax return from each protect year <br />$41,518 - Tax return for six years equals <br />maximum County funding <br />(d) Utility extensions constructed b.y Orange County <br />will be leased to the development for which they <br />are constructed. In such cases, the terms of the <br />lease shall include recovery of all County costs <br />plus interest within six years after utilities ere <br />turned on. (WSP) <br />(e ) A fee s c he d u l e for 5t1tk:>311tS_Qt__~.@LY1@@_llae_f@@s <br />will be developed. Nhere properties along a <br />County-owned portion of a utility extension wish to <br />connect to the utility, an assessment fee shall be <br />charged in addition to lha_stllk=IIl/t fee. The <br />assessment fee shall be determined by the Board~ef <br />Commissioners and based on acreage andlor front <br />footage served. <br />• The owner of a large acreage tract or bona fide <br />farm may select one acre, usually surrounding his <br />or her house, to which the assessment formula will <br />be applied. If later the property is subdivided, <br />the formula wiil be applied and charged for the <br />remainder of the tract. (WSP) <br />ifl__la__th@~@xant~that__~rnuRa.__~aumt~c__Ra~cs__fnc__ar <br />flnnaaaa.__n_~.ataLGsaxsc_llaa__astsasi8si~fQZ_hanlths <br />snf a~__nt_saaacal~.iirlf eta_te.asaa;:Z_natLthe__&s~s~atY <br />$axs_nRp.1.l~nh.la._stuh~~ut~aas~__aa_n~.nllnlzllitX_fea <br />taihat_~haa~aa_assessment__YI.1L_be__chnl_aad~__Ihe <br />aeailah.Lllt~c_fee_slll~.s_l~ns@sl_aa_the_RtQRnttlnn..n f <br />ths_tntIIl_GIIRas:lt~c_~f_.the_x.atel:L~.$~caL_sXsten__ua.@S! <br />!z~_th$~Rtale.at .8ax__aYalln~lllt~c.~ees.._LhaLae~_hx <br />~he~tillt~_RrQY1.d.Qt_nQYld._nlsn_as..aJlRllcnltle . <br />(g) It shall be Orange County policy to require that <br />when n County-financed water or sewer extension is <br />connected to a municipally-owned and operated water <br />or sewer system, then the municipality shall enter <br />into an agreement with the County providing that in <br />the event the protect served is annexed by the <br />municipality, it shall pay to the County any County <br />share of the pra,ject not- recovered by the <br />development. (WSP) <br />t~h) If an Industry intends to use revenue bonds, it <br />• <br />should give notice of intent to apply to the Orange <br />