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26 <br /> "pay-backs" shall include interest at the rate <br /> charged for assessments under N.C. General Statute <br /> 153A-185 or, in the event that the County borrows <br /> money for the extension, at the rate paid by the <br /> County on the debt. <br /> F. Financial Participation in Extensions/Expansions of <br /> county-Owned Systems <br /> 1. Orange County's financial participation for <br /> approved projects which are extensions/expansions <br /> to an existing County-owned system shall be limited <br /> to those extensions/expansions where projected <br /> revenues from the system are equal to or greater <br /> than the projected operating costs plus the total <br /> debt service by the end of the fifth year after the <br /> project is completed. Within limits prescribed by <br /> the Board of Commissioners from time-to-time, the <br /> amount of financial participation shall not exceed <br /> the capital amount necessary to extend/expand the <br /> system to meet the projections. All projections <br /> shall be those approved by the Board of <br /> Commissioners and prepared by an engineer employed <br /> by Orange County. <br /> Goal 5 Access and Availability Fee Policies - RESERVED <br /> Draft: 7-31-87 <br /> Revisions: 8-26-87 <br /> 9-2-87 <br /> 11-16-87 <br /> 11-24-87 <br /> 9-17-88 <br /> 11-21-88 <br /> 19 <br />