Orange County NC Website
Browse       Search
• ac~ .. . ~ g , .. <br />. C~ . <br />Policies, which are, collectively, .all policies related to the System <br />and coordinated solid waste management for the County, the towns .snd~ <br />the persons and organizations in their jurisdictions, ~~ as ~ the same may <br />exist from time to time (including all sucYi policies in effect as of <br />the date of this Agreement). The term Solid Waste T4ianagement Plan and <br />Poli'cies° thereby encompasses all policy choices, as in effect fxbm <br />time to~time, related to`the~management and operation of the~System. . <br />pState" means the State of North Carolina. <br />.~'ByBtem" means all assets, including both real and persamal <br />prdperty, used from. time to time i.n the' conduct of the functions of <br />collecting and processing County Recyclables, reducing solid waste, <br />disposing of galid~ Waste and inu.l.ching, composting and re-using'~Solid <br />Waste, and includes both '(a) the Existing System Assets and (b) all <br />moneys and investments related to such~funetions.. <br />"System 13ebt~ means all obligations for payments of principal, and <br />interest with respect to borrowed money incurred or assumed by zhe <br />County in connection. with. the ownership or operation of the System, <br />without regard to the farm of the transaction, and specifically <br />including leases ar similar financing agreements which are required to <br />be capitalized in accordance with generally accepted accounting <br />principles. System Debt is "Outstand~ag" at all times after it ie <br />issued or caatracted~until it is paid. <br />• "System Employees" means employees. of Chapel Hill directly <br />engaged in. carrying but System business (hut expressly not including <br />employees of Chapel Hills sanitation.~departmenf). ~ ~ • <br />°System Management Facilities" means those assets of the System <br />used to provide (a) final disposal of solid waste, including <br />construction and demolition waste, such •as landfills, or (b) nay other <br />handling ar processing of materials pl~.ced in the custody •of the <br />System, such as transfer stations, materials recovery facilities or <br />facilities for cleaning, sorting br other processing of recyclable <br />material. <br />"System Revenues"' means all amounts derived by the County from <br />the imposition of rates, fees acid charges for the use of ,. and far the <br />services furnished by, the System. <br />w Towas° means, collectively, Carrbora, Chapel Hill and <br />Hillsbrirough. <br />Ttsasfer Date" means the effective date. <br />18 <br />