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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> ACTION AGENDA ITEM ABSTRACT Item No.��� 2„ <br /> Meeting Date: June 28, 1989 <br /> SUBJECT: Agreement Between the County of Orange and The Town of <br /> Hillsborough for Development of a Raw Water Reservoir on Seven <br /> Mile Creek <br /> DEPARTMENT: Manager PUBLIC <br /> HEARING YES: NO: X <br /> ATTACHMENT(S) : Draft Agreement INFORMATION CONTACT: Manager Office 's <br /> TELEPHONE NUMBER- <br /> Hillsborough - 732-8181 <br /> Chapel Bill - 968-4501 <br /> Mebane - 227-2031 <br /> Durham - 688-7331 <br /> PURPOSE: To present a revised draft of an agreement between the County <br /> and Town of Hillsborough for development of a raw water <br /> reservoir on Seven Mile Creek for review by the Board of <br /> Commissioners. <br /> BACKGROUND: The County and the Town have agreed in principal to develop a <br /> reservoir on Seven Mile Creek. The County presently owns <br /> approximately 160 acres in the Seven Mile Creek reservoir area <br /> and has passed a bond issue for funds required to acquire <br /> additional land for the reservoir. The Town of Hillsborough <br /> must initiate a bond referendum to obtain bond funds required <br /> to pay for the remainder of the costs of developing the <br /> reservoir, but will not initiate the bond process until an <br /> agreement has been signed with the County. This agreement <br /> must address issues of the ownership, operation, control and <br /> financing of the reservoir. A preliminary draft proposed by <br /> the Town of Hillsborough was presented to the County Board of <br /> Commissioners at their meeting of June 5, 1989. A revised <br /> draft has been prepared by the county staff to address <br /> concerns expressed by the Commissioners at their meeting. <br /> RECOMMENDATION(S) : Review the enclosed draft agreement . <br />