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2 <br /> Page 2 <br /> Utility Extension Reimbursement <br /> March 21,1995 BOCC Meeting <br /> Extension Fund to upgrade the water pressure in the area for fire protection. This would require <br /> a water pressure pump station on a 12 inch water line from the Mebane system. The cost of such <br /> an improvement would be approximately $100,000 and will improve public safety for many <br /> businesses in the area. <br /> Recommendation: The Manager recommends that the Board of County Commissioners conduct <br /> the public hearing; and allocate a portion of the Utility Extension Fund during the next two fiscal <br /> years to reimburse Armstrong for the construction and engineering costs of the line <br /> improvements. Reimbursement during fiscal years 1995-96 would be $50,000 with the balance <br /> reimbursed in fiscal year 1996-97. Total reimbursement would not exceed $100,000. Based on <br /> the current Policy, Orange County has the option to contribute funds for projects that have a five- <br /> year payback in increased tax revenues. In this case, payback would occur in approximately 25 <br /> months. <br />