Orange County NC Website
Browse       Search
29 <br /> 16 LMI Heritage Lot Household sewer connections within the Town of Chapel <br /> Hill's jurisdiction. The Town of Chapel Hill shall, within thirty (30) days of <br /> receipt of a County generated invoice, reimburse the County for the Town of <br /> Chapel Hill's respective share of the total principal and interest associated <br /> with the installation of LMI Heritage Lot Household sewer connections within <br /> the Town of Chapel Hill's jurisdiction. <br /> d. If overall participation by LMI Heritage Lot Households exceeds the $243,000 <br /> pre-allocated by the County, the County will request additional funds and this <br /> Agreement will be amended so as to adjust Sections 1-4 accordingly, subject <br /> to funding availability and approval by governing boards of the Parties. <br /> e. This Agreement may be renewed or amended upon written agreement of the <br /> Parties. <br /> 2. TOTAL COSTS <br /> Carrboro Chapel Hill <br /> Item Cost Cost County Cost Total Cost <br /> Carrboro Lots <br /> (11 LMI Heritage <br /> Lot Household $34,020 $0 $64,980 $99,000 <br /> connections within <br /> Carrboro <br /> jurisdiction) <br /> Chapel Hill Lots <br /> (16 LMI Heritage <br /> Lot Household $0 $104,490 $39,510 $144,000 <br /> connections within <br /> Chapel Hill <br /> jurisdiction) <br /> TOTALS $34,020 $104,490 $104,490 $243,000 <br /> (14%) (43%) (43%) (100%) <br /> 3. RESPONSIBILITIES OF TOWNS <br /> a. As provided in Section 1 b above, the Town of Carrboro is responsible for up <br /> to 14% of the current total project estimate, or $34,020, whichever is less. <br /> The Town of Carrboro shall, within thirty (30) days of receipt of a County <br /> generated invoice, reimburse the County for the Town of Carrboro's <br /> respective share of the total principal and interest associated with the <br /> installation of LMI Heritage Lot Household sewer connections within the <br /> Town of Carrboro's jurisdiction. <br /> Page 4 of 9 <br />