Agenda - 03-24-1987 - Laserfiche WebLink

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ORANGE C O U N T Y INTEROFFICE MEMORANDUM TO: Kenneth R. Thompson, County Manager FROM: Ken Chavious, Deputy Finance Director SUBJECT: Orange County Contributions for Water and Sewer DATE: March 19, 1987 The following represents contributions made by Orange County in the area of development of water and sewer facili- ties. 1. In 1967, Orange County issued general obligation bonds in the amount of $650,000. 00. The proceeds from this bond issue were used, in part, to finance construction of a water and sewer system for the Town of Mebane. This system not only serves the Town of Mebane, but also serves an industrial area, benefitting both the Town of Mebane and Orange County. The debt incurred by the County was repaid by Mebane through revenues generated by the water and sewer system. 2. In 1966 County Commissioners discussed the need for additional water sources. Lake Orange was the end result of these discussions. Construction of Lake Orange was authorized on August 7, 1967 at a total cost of $230,347.00. The land for the lake was donated by citizens. It was felt that additional water sources were necessary because of increase demands brought on by growth in County population. 3 . In 1968 residents of the Dogwood Acres Community petitioned the County Commissioners in order to create a sanitary district. The residents of this community along with the state board of health felt that the water and sewer facilities in this com- munity were inadequate and did not meet standards. On May 27, 1968 the Dogwood Acres Sanitary District was created. Eighty thousand dollars in general obligation bonds were issued and the proceeds were used to finance construction and installation of water and sewer lines. The debt was repaid by the citizens of this community by special district taxes. Orange County collected the special dis- trict tax and used it to pay the debt.