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<br />Town Manager, and Town Engineer. <br />negotiated with the developer through the Town Attorney, roved by the Board. If approved, the <br />p <br />and a <br />d <br />id <br />p <br />, <br />ere <br />That contract would have to be reviewed, cons <br />roperty was annexed. <br />lid if the <br />p <br />contract would only be va ~ <br />Review of the overall impact of Corbin Downs on the Town of Hillsborough's Water/Sewer Fund <br />uld benefit from all areas of its <br />Operations indicates there is a strong probability the Town wo <br />t sharing of capital facility expansion through fees, and utility <br />operations: daily operations, cos <br />extensions to generate more "low-impact" users who are capable of sharing the cost burden of <br />operating the system. <br />Cons aria tke General Fund to the Water Sewer Fur:d & T to Make a Decision:: <br />e <br />a <br />k <br />u <br />t <br />financial move for the <br />se <br />s a w <br />annexation <br />Even a cursory revieeed. tIn evalua ing whether <br />or not <br />Corbin Downs is ann <br />ter/Sewer Fund are essentially separate businesses, <br />d W <br />a <br />Town please remember the General Fund an <br />not wise to "lump" the total surpluses/deficits together in making a decision. It appears both <br />it i <br />u <br />s <br />antages <br />2 funds could realisticallconap ent toithe model present dbn this fo ecas~The financ a~adv <br />for the <br />t <br />bl <br />f <br />b <br />rn <br />s <br />i <br />ene <br />y g <br />scenario is reasona <br />and offer more lon -range <br />ear less risky g <br />of annexing Corbin Downs app <br />i <br />ll <br />e t <br />t <br />e <br />ng <br />ow <br />he fo <br />Water/Sewer Fund than <br />a financial standpoint) the Board may want to pos <br />from <br />reasonable action (s y <br />ct <br />ation imp <br />th <br />hit <br />e <br />e <br />is worth that <br />"what if' question to itself: What if the annex <br />t Gase <br />sce an ), <br />w <br />"break-even" or slight deficit operation for the Town (.g., <br />° <br />p <br />an ial benefits <br />risk/burden to gain the potential benefits for the VJaterriS to wei h the <br />otential fii <br />in tryi <br />di <br />scuss <br />These are important questions to ask and <br />g the community (e.g., traffic, impact on <br />and risks against quality of life concerns that may <br />schools, etc.). <br />ISSUES RAISED BY THIS PROPOSAL & FACING THE TOWN <br />THE FUTURE: <br />The Town must attempt to abl and responsibly accommoda e. 'Thisis aocru ial~ sue given <br />growth the Town can reason y <br />the finite availability of water available to the ovovth~' gence,titeis cdruc al the Town understand <br />reservoir can be absorbed quickly by rapid gr Having a plan as well as a <br />how much growth it can accommodate, both in area and intensity. <br />thorough understanding of this issue will make it easier for the Town's Bo ement <br />Commissioners, Planning Board, and staff to make well informenaaeand ntrin sc quality of <br />growth-related policies that address Hillsborough's fiscal, op _ <br />life issues. This will allow t ~lneadoeVedaian~ withtneand adjacent t phe corpo ate limitslof <br />developing the limited ainoun P lans to correlate results of the revised Vision 2010 <br />Hillsborough. The staff is currently making p with the Town's <br />Plan with the Town's capacity to provide water for future development, along <br />facility/space needs (e.g., where do we put all the new employees?) for both Genereas &ed and <br />Sewer Fund operations. With the Board's approval, this information will be p <br />recommendations made to the Board in an effort to address the issues mentioned above. <br />olic I <br />2. When annexing areas, one o ~ tof oaI erty tax revenues from deve opment Adopting Pd y <br />services and the actual receip p P "between annexation and the <br />that allows "interim service charges" to be levied to cover the gap <br />2-8 <br />