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5 <br /> WHEREAS, the 62 Heritage Lots in the Rogers Road Sewer Project Area with existing <br /> dwelling units may have household income levels at or below moderate incomes as <br /> defined by US Housing and Urban Development (HUD); and <br /> WHEREAS, representatives of the County and Towns have previously agreed in <br /> principle to jointly fund the installation of private sewer service lateral connections for <br /> the 62 Heritage Lots with existing dwellings and with household income levels at or <br /> below moderate incomes (LMI Heritage Lot Households) to the public sewer system <br /> under construction; and <br /> WHEREAS, as defined in the following schedule, the timeline for joint funding coverage <br /> will begin after the execution of this Agreement by all Parties and upon the County's <br /> receipt of a valid dated application from the LMI Heritage Lot Household: Year 1 and <br /> Year 2 (100% cost coverage); Year 3 (50% cost coverage); Year 4 and beyond (0% <br /> cost coverage); and <br /> WHEREAS, representatives of the County and Towns have previously agreed in <br /> principle that the County will solicit pre-qualifications from a minimum of five (5) licensed <br /> local plumbing contractors for the installation of private sewer service lateral <br /> connections for LMI Heritage Lot Households; and <br /> WHEREAS, the County has pre-allocated $243,000 for the installation of private sewer <br /> service lateral connections for LMI Heritage Lot Households wishing to connect, to be <br /> reimbursed by the Towns in accordance with this Agreement; and <br /> WHEREAS, the County's expenditures for the installation of private sewer service <br /> lateral connections for LMI Heritage Lot Households will include the cost of installation <br /> by the pre-qualified plumber of the private sewer service lateral and associated <br /> appurtenances (i.e. from the existing sewer service stub-out at the property line to the <br /> household to be served), the cost of disconnecting and abandoning the existing septic <br /> system per County standards, the Orange Water and Sewer Authority (OWASA)sewer <br /> system development fee, and all other applicable fees, and <br /> WHEREAS, the total number of LMI Heritage Lot Households wishing to connect within <br /> the specified three-year period for joint funding (i.e. Year 1, Year 2, Year 3) and the <br /> exact cost for each LMI Heritage Lot Household wishing to connect are unknown at this <br /> time due to the variable sizes of the dwellings to be served, the variable distances <br /> between the dwellings and the public sewer service stub-outs, and other specific <br /> characteristics of each lot; and <br /> WHEREAS, representatives of the County and Towns have previously agreed in <br /> principle on an educated estimate of eleven (11) LMI Heritage Lot Households wishing <br /> to connect within Town of Carrboro jurisdictional areas within the specified three-year <br /> period for joint funding (i.e. Year 1, Year 2, Year 3) and on an educated estimate of <br /> sixteen (16) LMI Heritage Lot Households wishing to connect within Town of Chapel Hill <br /> Page 2 of 9 <br />