Agenda - 03-02-2006-8bOS - Laserfiche WebLink

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Town of Hillsborough has issued $5,800,000 of general obligation bonds for the purpose of constructing another reservoir. That construction is complete and has increased the Town of Hillsborough's water supply significantly. Sanitary Landf ll-The County o«~ns and operates a sanitary landfill sensing County residents. The landfill was owned jointly by the County and the Towns of Carrboro and Chapel Hill. Ownership and operation of the landfill became the County's sole responsibility in Niay 2000. The operation of the landfill is self-supporting from landfill charges and is expected to be usable through the year 2010. The County has been able to extend the expected life of its existing landfill by several years through aggressive recycling efforts in the County. In fact, the County led the State in 2003 in its waste reduction efforts. These efforts have led to an actual decline over the past several years in the annual amount of solid waste being delivered to the landfill. In the 2004-2005 fiscal year the County implemented a waste reduction recycling fee to offset the costs of the recycling program, which has been subsidized over the years by the tipping fees. The fee generated approximately $2,483,000 to offset the cost of recycling operations. The County expects over $2,500,000 to be generated from the fee in 2005-2006. The County has begun to consider its options for further solid waste disposal. Other Public Service Enterprises. Telephone service in the County is provided by Sprint, BellSouth, I~Zebtel and ~~ erizon Communication. Electric service is provided by Duke Power Company, Piedmont Electric Membership Corporation and Progress Energy. Gas service is provided by Public Service Gas Company. Qther Services. Fire and police protection are provided by the Tots-~ns of Chapel Hill, Carrboro and Hillsborough within their respective jurisdictions. In the unincorporated areas of the County fire protection is provided in 12 fire districts pursuant to contracts between the County, the municipalities and various fire departments. Police protection in the unincorporated areas of the County is provided by the County Sheriff's Department. The County's Emergency Services Department provides four general areas of countywide emergency assistance: emergency communications (911), emergency medical services, fire marshall and emergency management. Volunteer rescue squads ~i~ork jointly with the County to provide a significant amount of such services. Debt Information Le~a1 Debt Limit. In accordance with the provisions of the State Constitution and the Local Government Bond pct, as amended, the County had the statutory capacity to incur additional net debt in an approximate amount of $829,125,000 as of June 30, 2005. C-883836v4 13361.00022 24