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6 <br /> WHEREAS, the County has pre-allocated $220,000 as part of the Historic Rogers Road <br /> Area Capital Investment Program (CI P) #10054 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 part, 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 lowest responsive and responsible bidder of the private sewer service lateral and <br /> associated appurtenances (i.e. from the existing sewer service stub-out at the property <br /> line to the household to be served), the cost of disconnecting and abandoning the <br /> existing septic system per County standards, the Orange Water and Sewer Authority <br /> (OWASA) sewer 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 ten (10) LMI Heritage Lot Households wishing to <br /> 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 /> fifteen (15) LMI Heritage Lot Households wishing to connect within Town of Chapel Hill <br /> jurisdictional areas within the specified three-year period for joint funding (i.e. Year 1, <br /> Year 2, Year 3); and <br /> WHEREAS, representatives of the County and Towns have previously agreed in <br /> principle that each LMI Heritage Lot Household wishing to connect within Year 1 and <br /> Year 2 following the execution of this Agreement will have an estimated 100% coverage <br /> joint funding cost of approximately $8,800 per LMI Heritage Lot Household; and <br /> WHEREAS, representatives of the County and Towns have previously agreed in <br /> principle that each LMI Heritage Lot Household wishing to connect within Year 3 <br /> following the execution of this Agreement will have an estimated 50% coverage joint <br /> funding cost of approximately $4,400 per LMI Heritage Lot Household; and <br /> WHEREAS, the County and Towns desire to formally establish the terms of the Towns' <br /> reimbursements to the County for the installation of private sewer service lateral <br /> connections for LMI Heritage Lot Households connections. <br /> NOW, THERFORE, in consideration of the foregoing and based on mutual promises <br /> and obligations set forth herein, the receipt and sufficiency of which is hereby <br /> acknowledged, the County and Towns agree as follows: <br /> Page 3 of 10 <br />