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16 <br /> 3. Each person, firm or corporation connecting to the system, other than those initially connected <br /> from among those initially applying for connection, shall pay a$600 per residential equivalent <br /> tap fee to the Enterprise Fund. <br /> 4. Those persons, firms or corporations initially connecting, from those initially applying for <br /> connection, shall be exempt from the $600 tap fee. The Board shall establish by Resolution <br /> deadlines for initial application and initial connection. <br /> 5. The Enterprise Fund shall be perpetual in duration, once the $136,000 plus interest <br /> appropriated by Orange County is repaid, the Fund shall be used as deemed appropriately by <br /> the Board for further utility.needs. <br /> 6. A tap fee of$10,000 shall he paid to the Town of Hillsborough by Orange County for the <br /> connection of the first 212 existing dwellings and businesses within Phase I of the Project <br /> Area. This$10,000 tap fee shall be an appropriation by Orange County to the System and <br /> shall not be recouped through user fees or otherwise by Orange County. Those persons, firms <br /> or corporations connecting to the system after the first 212 connections shall pay tap fees to <br /> Orange County and the Town of Hillsborough in a amount established by policies and <br /> procedures of the County and the Town of Hillsborough from time to time. <br /> 7. A tap fee of$5,000 shall be paid to the Town of Hillsborough by Orange County for the <br /> connection of the Efland Cheeks Elementary School to the system. This appropriation shall <br /> not be recouped through user fees or otherwise by Orange County. <br /> 8. The System will be undertaken and funded by Orange County only if at least 179 persons, <br /> firms or corporations located in Phase I of the Project Area apply for connection to and sewer <br /> service for existing dwellings and businesses during the initial application period. <br /> 9.. The operating expense portion of the System budget shall be prepared on the basis of 233 <br /> initial connections. <br /> 10. User rates shall be as established on the attached rate schedule and may be revised from time <br /> to time as determined by the Board. <br />