Orange County NC Website
4 t <br /> Miscellaneous <br /> 10.At its February 5, 2002 meeting, the Board of County Commissioners approved a County- <br /> funded program that would provide grants to property owners for the funding of connections <br /> between eligible properties and the main waterline installed by the Orange Water and Sewer <br /> Authority (OWASA) in the Rogers Road neighborhood. <br /> The implementation of this grant program (Phase I of the project) would use funds (in the <br /> current fiscal year) of approximately $156,000 from the County's General Fund to directly <br /> subsidize, for eligible applicants, the costs associated with the installation of laterals, <br /> availability fees, and meter fees. The BOCC does not intend the program to address the <br /> costs of internal plumbing improvements or monthly OWASA water service charges. <br /> A proposed loan program (Phase II of the project) would provide low-interest loans to <br /> eligible applicants for laterals, meters, and availability fees to those not meeting the means <br /> test for grants. A staff assessment will be presented to the Board in May 2002 regarding the <br /> need for County-backed low interest loans and the practicality and cost of implementing a <br /> loan program. If approved by the Board, funds for this phase would be included in the 2002- <br /> 03 fiscal year budget. <br /> This amendment provides for a fund balance appropriation of $156,000 from the County's <br /> General Fund for implementation of the grant program (Phase 1) of the project (See <br /> attachment 1, column #9). <br /> FINANCIAL IMPACT: Financial impacts are included in the background information above. <br /> RECOMMENDATION(S): The Manager recommends that the Board of County <br /> Commissioners adopt the attached budget ordinance amendments and the grant project <br /> ordinance amendment. <br />