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<br /> <br />Page 5 of 10 <br /> <br />2. TOTAL COSTS <br /> <br />Item Carrboro <br />Cost <br />Chapel Hill <br />Cost County Cost Total Cost <br />Carrboro Lots <br /> <br />(10 LMI <br />Heritage Lot <br />Household <br />connections <br />within Carrboro <br />jurisdiction) <br />$30,800 $0 $57,200 $88,000 <br />Chapel Hill Lots <br /> <br />(15 LMI <br />Heritage Lot <br />Household <br />connections <br />within <br />Chapel Hill <br />jurisdiction) <br />$0 $94,600 $37,400 $132,000 <br />TOTALS $30,800 <br />(14% of total) <br />$94,600 <br />(43% of total) <br />$94,600 <br />(43% of total) <br />$220,000 <br />(100%) <br /> <br />3. RESPONSIBILITIES OF TOWNS <br /> <br />a. As provided in Section 1c above, the Town of Carrboro is responsible for up <br />to 14% of the current total project estimate, or $30,800, 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 /> <br />b. As provided in Section 1d above, the Town of Chapel Hill is responsible for <br />up to 43% of the current total project estimate, or $94,600, whichever is less. <br />The Town of Chapel Hill shall, within thirty (30) days of receipt of a County <br />generated invoice, reimburse the County for the Town of Chapel Hill’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 Chapel Hill’s jurisdiction. <br /> <br />c. The Town of Chapel Hill’s funding contribution shall be used for the benefit of <br />low and moderate income residents, as defined by HUD, residing within the <br />Town of Chapel Hill’s Extraterritorial Jurisdiction (ETJ). <br /> <br />DocuSign Envelope ID: 384CD59B-6E10-4B9C-BA6B-376259C3B5A6