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15 <br /> WHEREAS, all of the above has created and continues to create a health hazard that <br /> affects a substantial number of the people of Orange County; and <br /> WHEREAS, on September 13, 1984, the Board of Commissioners, recognizing the <br /> risk to the health, safety and welfare of the people of Orange County affected by the conditions <br /> stated above, found that an emergency existed which warranted the issuance by Orange County of <br /> net debt reduction, general obligation bonds in connection with and for the purpose of repaying a <br /> $200,000.00 loan from the Farmers Home Administration which loan has been approved in <br /> principle by FmHA along with a grant to Orange County in the amount of$589,300.00 for the <br /> construction by Orange County of a sewer collection end treatment system to serve the area of <br /> O: '*r;e County identified as the principle source of the risk to the health, safety and welfare to the <br /> people of the County; and <br /> WHEREAS, the Board of Commissioners now has agreed on the conditions under <br /> which the sewer collection and distribution system will be constructed, <br /> IT IS RESOLVED THAT: <br /> 1. Orange County will construct a sewer collection and treatment system(Hereinafter called the <br /> System)to serve existing dwellings and-businesses within Phase I of the Project Engineer's <br /> Preliminary Report, 5th Edition dated April 5, 1984, last revised August 7, 1984. (Hereinafter <br /> called Phase I of the Project Area) <br /> 2. Orange County will appropriate $136,000 to the Orange County Utility Enterprise Fund. The <br /> principal plus interest at the interest rate charged on delinquent ad valorem taxes shall be <br /> repaid from that fund to the Orange County General Fund by the assessment of tap fees of <br /> $600 per residential equivalent connection. <br />