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010 <br /> WHEREAS the Board of Commissioners of Orange County has <br /> elected to finance the local share of the costs of paving the said <br /> road (s) , as permitted by North Carolina General Statutes Section <br /> 153A-185 (4) and as provided for in North Carolina General Statutes <br /> Section 153A-205; <br /> IT IS HEREBY RESOLVED THAT: <br /> 1. Orange County shall undertake financing of the local <br /> share of paving North Carolina State Road (s) #1881 and #1794 , also <br /> known as Moriah Hill Road and Timberly Drive, in Chapel Hill <br /> Township, Orange County, North Carolina. <br /> 2. That the basis for assessment for the local share of <br /> the costs of this project shall be the number of lots served , or <br /> subject to be served , at an equal rate per lot. <br /> 3. Orange County will assess the total local share <br /> according to the basis set out in number 2 above, which local <br /> share is estimated to be $34 , 915. 16 and represents approximately <br /> Thirty-nine and Two Tenths percent (39. 2%) of the total project <br /> cost. (A portion of the non-local share of this project <br /> represents a reserve established by N.C. D.O.T. for the <br /> acquisition of right of way necessary for the project. The status <br /> of right of way will not be determined by N.C. D.O.T. until the <br /> local share of the project is paid by Orange County to N.C. D.O.T. <br /> If the necessary right of way cannot be acquired voluntarily by <br /> N.C. D.Q.T. , the project will not be undertaken. ) <br /> 4 . No assessments of this project will be held in <br /> abeyance. <br /> 2 <br />