Orange County NC Website
CONTRACT BETWEEN THE STATE OF NORTH CAROLINA <br /> AND <br /> ORANGE COUNTY <br /> FOR <br /> WATER SUPPLY STORAGE IN B . EVERETT JORDAN LAKE <br /> This contract (" Contract") , entered into by and between the STATE OF NORTH <br /> CAROLINA (" State ") and ORANGE COUNTY ("Allocation Holder") ; <br /> WITNESSETH THAT : <br /> WHEREAS , the Flood Control Act of 1963 (Public Law 88 -253 , 88th Congress) <br /> authorized the construction, operation and maintenance of the B . Everett Jordan Dam and Lake <br /> Project on Haw River and New Hope River, North Carolina ("Project") , and <br /> WHEREAS , the State contracted with the United States of America (" Government") for <br /> the use of storage included in the Project for municipal and industrial water supply ("Jordan <br /> Water Supply Storage ") , and for payment of the cost thereof in accordance with the provisions of <br /> the Water Supply Act of 1958 , as amended ; and <br /> WHEREAS , the State through the Environmental Management Commission <br /> (" Commission") is authorized by No . Gen . Stat. § 143 - 354 ( 11 ) to assign to any county or <br /> municipality or any other local government having a need for water supply storage in federal <br /> projects any interest held by the State in such storage , upon assumption of repayment obligation <br /> therefore or compensation to the State by such local government; and <br /> WHEREAS , on March 9 , 2017 , the Commission allocated a Level II allocation of one <br /> and one-half ( 1 . 5 ) percent of the water supply storage held by the State to the Allocation Holder <br /> for its use ; the allocation consisting of a Level II allocation of one and one -half ( 1 . 5 ) percent; and <br /> WHEREAS , the allocation became effective on the date it was approved (i . e . March 9 , <br /> 2017) and, by and through its terms and conditions , this Contract implements the allocation . <br /> NOW, THEREFORE, the State and the Allocation Holder (hereinafter jointly referred to <br /> as the "Parties") agree as follows . <br /> 1 <br />