Agenda - 06-28-1989 - Laserfiche WebLink

Browse Search

L?3 &3hfl STATE OF NORTH CAROLINA AGREEMENT BETWEEN THE TOWN •OF HILLSBOROUGH, NC. AND ORANGE COUNTY, NC THIS AGREEMENT, made this day of 1989, between the TOWN OF HILLSBOROUGH, N.C. , hereinafter referred to as the TOWN and ORANGE COUNTY, N.C. , hereinafter referred to as the COUNTY. W I T N E S S E T H The TOWN must immediately begin the development of a water supply source in addition to the currently used direct withdrawal of water from the Eno River. The TOWN has selected the Seven Mile Reservoir as a first choice of water supply alternatives. The COUNTY has selected the Seven Mile Reservoir as a first choice of water supply alternatives. The COUNTY has passed a referendum authorizing the sale of bonds in the amount of one million dollars ($1 , 000, 000) and designated for the development of a reservoir. The COUNTY now owns approximately one hundred and sixty acres of land in the Seven Mile Reservoir basin. The COUNTY, the TOWN, the orange/Alamance Water System and Piedmont Minerals are presently joined in the Eno River Capacity Use Agreement which does and will specify maximum rates of water withdrawal and minimum rates of instream flow for the Eno River basin. The Orange/Alamance Water System has passed a Resolution to develop a water supply capacity independent of the Eno River Basin within the coming fifteen year period. NOW, THEREFORE, the TOWN and COUNTY, for and in consideration of matters hereinafter set forth, do hereby agree as follows: The TOWN, after signing this agreement, will immediately schedule a referendum requesting authorization to sell bonds for funding of an alternative water supply. The TOWN, after the passing of said referendum, will proceed with the design, securing of all required approvals and construction of the Seven Mile Reservoir water supply.