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• 264 <br /> INTEROFFICE MEMORANDUM: 8701 -1510 <br /> Water/Sewer Policy <br /> May 13, 1987 <br /> Page 6 <br /> proposed to be within a protected watershed, be <br /> able to show the proposed dev,, opment is <br /> compatible with maintaining water quality . <br /> - Have the proper zoning at the proposed site. <br /> - Improve job opportunities available to Orange <br /> County citizens and especially for women and <br /> minorities . <br /> - Provide • jobs above the prevailing Mare scale in <br /> the County . <br /> - Not place an inordir,ar.,t demand on County services <br /> such as schools , fire and police protection . <br /> - Provide a significant Increase in the County tax <br /> base. ( WSP) <br /> (3) It is the policy cf Orange County to es-eblish and <br /> maintain a fund for the purpose cf either financing <br /> or paying for water and sewer exrElnsicns to <br /> approved projects . Utility extensions constructed <br /> by Orange County will be leased to the cevelopment <br /> for which they are constructed . ( WSP) <br /> • <br /> (4) Orange County will fund project e=ngineering <br /> studies, easement acquisition, wat r and sewer <br /> lines including pipe and ancillary equ ' pmen- such <br /> as water pumps, sewer pumps, valves, pu::,p houses, <br /> fire hydrants, and water and sewer treatment plants <br /> as well as the cctuel construction of these <br /> utilities. Where a project is approved but funding <br /> is not immediately available, it will t- placed on <br /> a priority waiting list based on its approval date . <br /> ( WSP) <br /> (5 ) Orange County / s financial participation for <br /> approved projects shall not exceed the estimated <br /> increase in ad ve : orem tax yields from the project <br /> in the six years following its cornp ! etion. The <br /> method of calculating the ceiling or County <br /> funding of any one project should not be Construed <br /> as establishing the eligibility of a project for <br /> funding or the me-hod of repayment to t..e revolving <br /> fund. The following is a sample calculi- ; on. <br /> 51 , 400, 000 - Estimated value of lend and building <br /> 128 , 000 - minus land value <br /> S1 , 272,000 - Estimated value of buildincs <br /> $ . 544/5100 - Valuation tax rate <br /> 6, 920 - Tax re-urn from each project year <br /> 41 , 518 - Participation by County or tax return <br />