Agenda - 05-16-1995 - VII-A - Laserfiche WebLink

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��'o✓� �� Eve ��/ l 12-21-93 4 , UTILITY EXTENSION FUND PROCEDURES Staff will review initial requests. Any recommendations for County participation should conform with existing Eater and Sewer Policy requiring maximum 5- year payback in increased property taxes. Five years is a maximum and staff is encouraged to limit County participation in any individual project so that more projects can be considered. A project must also be evaluated based on Goal 4, Section of the Policy that states: 1. The project must be assured of having the proper zoning at the proposed site; and 2. The project must improve job opportunities available to Orange County citizens, especially for women and minorities; and 3 . The project must provide jobs with wage scales in compliance with Orange County standards adopted from time-to-time; and 4 . The project must have a positive fiscal impact upon Orange County government (The cost of services to be provided by Orange County to the project must be less than the local taxes and other revenues paid to the County generated by the project. ) . A fiscal impact analysis shall be prepared by the applicant and verified by Orange county and using a model provided by Orange County. Once a request is made, the staff will present it to the EDC for a recommendation and then to the Board of County Commissioners for a decision to proceed or not. Reimbursements should be considered for construction and engineering costs. _ County funds should be used as repayment only after projects are finished and the County Engineer has insured substantial completion and compliance to County standards. Staff should consider need, job creation, wage levels, long- term repayment, long-term stability and any other criteria established by the Board of County Commissioners before making recommendations. The staff shall provide an annual review of projects funded and their status and impact to the EDC Board. i F