Orange County NC Website
4 <br />Miscellaneous <br />10.At its February 5, 2002 meeting, the Board of County Commissioners approved a County- <br />funded program that would provide grants to property owners for the funding of connections <br />between eligible properties and the main waterline installed by the Orange Water and Sewer <br />Authority (OWASA) in the Rogers Road neighborhood. ~ <br />The implementation of this grant program (Phase I of the project) would use funds (in the <br />current fiscal year) of approximately $156,000 from the County's General Fund to directly <br />subsidize, for eligible applicants, the costs associated with the installation of laterals, <br />availability fees, and meter fees. The BOCC does not intend the program to address the <br />costs of internal plumbing improvements or monthly OWASA water service charges. <br />A. proposed loan program (Phase II of the project) would provide low-interest loans to <br />eligible applicants for laterals, meters, and availability fees to those not meeting the means <br />test for-grants. A staff assessment will be presented to the Board in May 2002 regarding the <br />need for County-backed low interest loans and the practicality and cost of implementing a <br />loan program. If approved by the Board, funds for this phase would be included in the 2002- <br />03 fiscal year budget. <br />This amendment provides for a fund balance appropriation of $156,000 from the County's <br />General Fund for implementation of the grant program (Phase I) of the project (See <br />attachment 1, column #9). . ~ <br />FINANCIAL IMPACT: Financial impacts are included in the background information above. <br />RECOMMENDATION(S): The Manager recommends that the Board of County <br />Commissioners adopt the attached budget ordinance amendments and the grant project <br />ordinance amendment. <br />