Orange County NC Website
classification of the receiving stream and the need <br /> to protect elements of the plant that have <br /> experienced past problems with freezing. An <br /> increase in the County cash contribution would <br /> directly reduce the amount of the Farmers Home loan <br /> required and result in lower debt service payments. <br /> (d) Optional financing for those sewer facilities <br /> included in Alternate C is a possibility. It might <br /> be feasible to generate the capital resources <br /> required for construction of the gravity sewers to <br /> serve the central Efland area by assessing the cost <br /> to the land owners that would benefit from the . <br /> facilities. This type of financial arrangement is <br /> not uncommon and is used by many municipalities and <br /> County sewer systems to recover all or some portion <br /> of the cost of extending sewer into previously <br /> unsewered areas. In this case, we envision that the <br /> County would make a loan to cover the cost of the <br /> sewer construction and recover this money from the <br /> individual land owners over some specified time <br /> period. The exact formula to be used to recover the <br /> cost is beyond the scope of our study, but several <br /> varied systems have been used. Typically, the cost <br /> allocation is based on acreage owned or "front <br /> 19 <br />