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45 <br /> Slide #33 <br /> Communicating About New Projects with Developers <br /> • There is limited capacity for development projects that will use a large <br /> amount of water/sewer,at this time,especially those outside of town limits <br /> or non-contiguous to town limits <br /> • Utilities will evaluate potential available capacity for projects at the pre- <br /> development meeting, but capacity is not guaranteed until a water and <br /> Sewer Extension Contract is executed (construction drawings) <br /> • There are options for developer cost sharing and/or modifying scheduled <br /> water/sewer improvements to keep pace with development demand <br /> through conditional zoning and development agreements with developers <br /> • Properties that want to develop immediately,located on the edges of town <br /> or outside of town may look to evaluate cost/benefit of developing in the <br /> County with traditional large lot well/septic vs.annexation into the town <br /> Slide #34 <br /> Financial Constraints <br /> Population v.Employee Orow[ft 2004-2025 <br /> Water 8 Sewer Operations <br /> • High utility bills,particularly for out-of- q <br /> town customers <br /> • Tight operating ratios—cost of operations ��� °° °�' - " W" <br /> and debt service increasing faster than —F� ••• —�uei1 eix•••• <br /> revenues <br /> Debt Service Coverage <br /> • Significant CIP needs-$50m by FY32— <br /> not including any plant upgrades <br /> • Adding significant customers may increase m� �, pffi o� p• <br /> revenues, but also increases need for <br /> system improvements =M•mmox m� ^M°�. *°° '° <br /> Chair Bedford asked if Hillsborough is below PFAS limits. <br /> Matt Efird said PFAS isn't an issue for Hillsborough because of its location and the nature <br /> of development around the upper Eno. <br /> Bryant Green agreed and explained that Hillsborough is at the top of the basin and has so <br /> far not been close to the threshold for PFAS. <br />