Agenda - 05-18-1982 - Laserfiche WebLink

Browse Search

U 10 2 ft it Method of Loan Repayment: It shall be the policy of the County to require repayment of monies expended from the revolving fund in five equal payments beginning one year after the funded utilities are turned on. The interest rate to be applied to monies loaned shall be set by the Board of Commissioners and determined according to how well a particular project satisfies the selection criteria. Where a project is approved and funding is not immdiately available, it will be placed on a priority wait- ing list based on its approval date. 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 accomodate surrounding development. Where annexation of a development occurs, the municipality annexing is required to pay to the County its remaining equity in the development. Control of User Connections to Project Extensions: It shall be the policy of the County to have title to and own any major sewer and water utilities which it funds. Major sewer and water utility, extensions are defined as projects outside of existing service areas where pipe sizes greater than eight inches are extended more than 750 feet beyond existing facilities. The County may lease to the municipality, private associations, or sewer and water authority to which the project is connected the portion of system constructed under this funding policy. The County shall retain absolute control over tap-ons to sewer and water utilities funded under this policy and shall set a fee schedule for such tap-ons. Tap-ons shall not be required of owners of properties which are by-passed by the utilities in reaching the project to be served. 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 addi- tion 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 bona fide farm may select one acre, usually surrounding his or her house, to which the assessment formula will be applied. If at a latter date 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. Relationships of Funded Projects to Utility Providers and MUnicipalities: In those cases where the County lemes sewer and water utilities funded by the County to a municipality, private association or sewer and water authority, _ .