Agenda - 10-22-1997 - a - Laserfiche WebLink

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Exhibit The 14 pQint,S, mittcn to appear in the jnteriocal Ageement 3.02. Benefits to Communities. (a) Existing Landfill Site — (i) Chapel Hill, as managing agent for the Parties, shall enter into appropriate agreements with OWASA for OWASA (at the expense of the Parties, as described below) to install such water mains, sewer mains and other facilities (including, without limitation, water supply facilities and water and sewer pumping facilities) as it deems reasonable and appropriate to make public water and sewer service available to the property designated on Map 1. Chapel Hill, as the managing agent for the Parties, shall act diligently and in good faith, and shall use its reasonabfe best efforts, to cause OWASA to complete the Water and Sewer Service Project by June 30,2003. To the extent permitted by law, the County shall pay all Project Costs from System Revenues. As Chapel Hill receives payment requests from OWASA, from OWASA contractors and others for Project Costs, Chapel Hill, in its capacity as managing agent, shall review such payment requests promptly and immediately thereafter transmit to the County those payment requests which Chapel Hill has approved for payment. Within five business days of its receipt of such payment requests, the County shall determine the amount of Project Costs . included'in such invoices that is legally eligible to be paid from System Revenues, will inform Chapel Hill and Catrboro of its determination, and then shall pay the amount so determined to Chapel Hill for payment to OWASA or others, as appropriate. Any amount not so paid by the County from System Revenues shall be paid by the Three Owners in accordance with their Proportionate Shares. All payments shall be paid to Chapel Hill in immediately available funds, within 15 days of the notice from the County referenced above, to such account or place as Chapel Hill shall from time to time designate. Chapel Hill will account to other Parties for payments for Project Costs in such times and fashions as any Party may reasonably request. In return for its services as managing agent for the Water and Sewer Service Project, Chapel Hill shall receive an administrative and management fee equal to _% of total Project Costs, which fee Chapel Hill shall bill as a Project Cost in accordance with the procedure described in the preceding paragraph. Chapel Hill will bill such fee not more frequently than quarterly, based on total invoices for Project Costs submitted by Chapel Hill to the County in the previous quarter. (ii) The Three Owners shall contribute to Connection Costs for low income Map 1 Households. The Three Owners shall pay (A) 75% of Connection Costs for Map 1 Households the income of which is less than 30% of Orange County Median, (B) 50% of Connection Costs for Map 1 Households the income of which is less than 100% of Orange County Median, and (C) 100% of Connection Costs for 2-Vap 1 Households the income of which is less than _% of Orange County Median['very low income"not defined in the 14 point memo].