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Agenda - 06-06-2023; 5-a - Public Hearing Regarding Proposed Performance Agreement Between Orange County, North Carolina and Terra Equity, Inc., and Approval of Budget Amendment #10-A
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Agenda - 06-06-2023; 5-a - Public Hearing Regarding Proposed Performance Agreement Between Orange County, North Carolina and Terra Equity, Inc., and Approval of Budget Amendment #10-A
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6/1/2023 3:26:20 PM
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6/6/2023
Meeting Type
Business
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Agenda
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5-a
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Agenda for June 6, 2023 BOCC Meeting
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2 <br /> Hillsborough Area EDD CIP Project Area <br /> a — <br /> n <br /> 0 <br /> 4W <br /> 2 <br /> F <br /> d <br /> PRaPos�o <br /> RTLP PRC}JECT <br /> A <br /> Streams Future Land Use City Limits <br /> -Water Bodies 10 Year Transition ETJ <br /> a: Water Supply Watersheds 20 Year Transition Activity Nodes !in=1.40leer <br /> 9R.NJGE � �Feet <br /> Q CCICHICAJoint Planning Area Rural Residential Economic Development Transition courrrr a 1,2W <br /> Rural Buffer ]range C.—ty Pl--,q end M.P—fi— <br /> BC 6116f2D23 <br /> The County completed the design, permitting, and easement acquisition activities for the <br /> Hillsborough Area EDD Phase 1 Water and Sewer Extensions project in late 2018, which would <br /> have extended Town of Hillsborough public water and sewer service under Interstate 40 and south <br /> of Interstate 40 to the eastern and western boundaries of the Hillsborough EDD. The County <br /> would have served as the project owner and manager. The primary purpose of the County's <br /> original project was to provide "backbone infrastructure" to service the Hillsborough EDD and <br /> facilitate development within the EDD. Public utility installation within the County's Economic <br /> Development Districts is a primary use of the Article 46 One-Quarter-Cent Sales and Use Tax. <br /> Revenues from the additional Article 46 tax, approved by voters on November 8, 2011, are split <br /> equally between Education and Economic Development. The funding allocation originally <br /> evidenced by a Resolution approved by the Board of County Commissioners on June 21, 2011 <br /> was renewed for an additional 10-year period on September 6, 2022. <br /> The County received construction bids for the Hillsborough Area EDD Phase 1 Water and Sewer <br /> Extensions project in early 2019, and the lowest qualified bid was $4,527,383, or approximately <br /> $1.9 million over the budgeted amount. The County paused the original project as staff evaluated <br /> alternatives to decrease the construction cost. All regulatory permits for the Hillsborough Area <br /> EDD Phase 1 Water and Sewer Extensions subsequently expired in 2021/2022. <br /> At its October 20, 2020 Business meeting, the Board of County Commissioners approved a <br /> Master Plan Development Conditional Zoning District (MPD-CZ) for the proposed "Research <br />
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