Agenda - 03-24-1987 - Laserfiche WebLink

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I . •.. �l ORANGE COUNTY HILLSBOROUGH NORTH CAROLINA cib(ana yci's glum _sta6Ccsf ad 7752 MEMO ID : Board of County Commissioners FR M: Ken Thompson, County Manager DATE: October 12, 1982 RE: Revised. Water and Sewer Extension Policy At its meeting on May 19, 1982, the Board reviewed a draft water and sewer extension policy prepared by staff. The policy set forth its intended purpose, the information to accompany a request to the County Manager for funding, a number of criteria to be used in selecting projects for funding, a loan/pay- back revolving fund financing arangement, advocated County ownership of major utility extensions and proposed oversizing of utilities to serve additional surrounding development. At the meeting there was discussiRn of the loan/payback scheme and the Board directed staff to send the proposed policy to the Institute of Govern- ment and the County Attorney for reviq Those two par s have now completed their review. In addition staft4f ha done furt ork on thy, ''nd the document has been revised to re��t t iK addition "` ' a� nformation?, c ,, Section I (c)3Ka : ed �A"`n- clea zx..�e#e. ing as well as new commercial and i d `" r" �` ~'"' n - .mjadyan � .'" °•tc.is policy. Section III (d) has been ,d -; 'd r: �`;�'-" =-. i P Alternative. , -= --' .r „`- isseon on Women. �r1 p p?jec s. ale gp y{ x he latest draft as a starting p rs 1 w-... A ti _, �- s�u� �td.on IVA (alterna- tive A) has new ii gt ( ' i '"" ' e �.��;��t�s �t�'C �ig"inn -�� ;�for water and sewer ext ens ions�� :.•�`., ,��'Y•"�1" - �;-.,_,� `� , , .. tip. J ! �,,DP€ ; . � s:-±0 =T�c n *.il `;,by the increased tax base and tar e e� '" ---�-�.-�-.�.-� Y....: ��::�i�� ~ t'rmany towns and counties in North �'a=: ;x ,-eet:. Tea; -}ae,; iteria for approv- ing a project is whether the development when completed will return taxes equal- ],ing or exceeding the County's investment in water and sewer lines. The required minimum payback period ranges from three to ten years in the policies reviewed by staff. In the proposed Orange County policy, payback through increased tax revenues is not a criteria for approving a project but is used to limit County funds spent on any one project. Section IVB (alternative B) is the loan/payback funding arrangement con- tained in the policy reviewed on 5/19/82. Wallace Harding has reviewed the policy and advises that Counties cannot be in the business of loaning money. Language has been changed to allow the County to lease to a developer utilities it has constructed with its funds. /dg