Agenda - 03-24-1987 - Laserfiche WebLink

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Eligible Project Expenses : The County will fund project engi- neering studies, easement acquisition, sewer and water lines including pipe and ancillary equipment such as water pumps , sewer pumps, valves , pump houses, fire hydrants, water treatment plants , sewage treatment plants as well as the actual construction of these utilities. Where a project is approved but funding is not immediately available, it will be placed on a priority waiting list based on its approval date. Limits of County Financial Participation: The County's financial participation in water and sewer utility costs shall not exceed the estimated increase in ad valorem tax yields form the project in the six years following its completion. This method of calculating the ceiling for County funding of any one project should not be construed as establishing the method of repayment to the revolving fund. The following is a sample calculation : EXAMPLE $1,400,000 - estimated value of land and buildings $ 128,000 - minus land value $1,272,000 - estimated value of buildings . 544/100 - valuation tax rate $ 6,920 - tax return from project each year $ 41. 518 - tax return for six years equals maximum County funding Lease Agreement : It shall be the policy of the County to lease water and sewer utilities to the owner of the project for which they are constructed. The terms of the lease shall include the recovery of all County costs plus interest within six years after utilities are turned on. SECTION V: CONDITIONS OF FUNDING COMMENT: This section specifies the County as the owner of all major sewer and water utilities funded under this policy. The County may lease these facilities to the utility system to which they are connected. The County retains control over tap-ons . Tap-ons by existing development along the utility are voluntary and special provisions are made for large acreage tracts . Utilities shall be oversized to accommodate surround- ing development . Where annexation of a development occurs, the municipality annexing is required to pay to the County its remaining equity in the development . User Connections to Project Extensions : It shall be the policy of the County to have title to any sewer and water utilities which it funds. A fee schedule for tap-ons will be developed. Where properties along the County-owned portion of a utility extension wish to tap-on to the utility, an assessment fee shall be charged in addition to a tap-on fee. The assessment fee shall be determined by the Board of County Commissioners and based on acreage and/or front footage served. However, the owner of a large acreage tract or a bona fide farm may select one acre, usually surrounding his or her house, to which the assessment formula will be applied. If later the property is subdivided and those newly created parcels utilize the water and/or sewer system, then the assessment formula will be applied and charged for the remainder of the tract .