Orange County NC Website
Browse       Search
5. The Enterprise Fund shall be perpetual in <br />duration. ;..,Once the $136,000 plus interest <br />appropriated 'by Orange County is repaid, the Fund <br />shall be used as deemed appropriate by the Board <br />for further utility needs:;` <br />6. A tap fee of $10,000 shall be paid <br />to <br />the Town <br />of <br />Hillsborough by Orange County for <br />the <br />connection <br />of <br />the first 212 existing dwellings and businesses <br />within Phase I of the Project Area. This $10,000 <br />tap fee shall be an appropriation by Orange County <br />to the*System and shall not be recouped through <br />user fees or otherwise by Orange County. Those <br />persons, firms or corporations connecting to the <br />system after the first 212 connections shall pay tap <br />fees to Orange County and the Town of Hillsborough <br />in a amount established by policies and procedures <br />of the County and the Town of Hillsborough from <br />time to time. <br />7. A tap fee of $5,000 shall be paid to the Town of <br />Hillsborough by Orange County for the connection of <br />the Efland Cheeks Elementary School to the system. <br />This appropriation shall not be recouped through <br />user fees or otherwise by Orange County. <br />8. The System will be undertaken and funded by <br />Orange County only if at least 179 persons, firms <br />-4- <br />