1990 - 04-16-90 Regular Meeting - Laserfiche WebLink

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P 13 : 9? such approved p ans and will include service taps to each lot with meter box, meter yoke and cut-off. 3) Upon completion of any new extension, the developer will deed the entire facilities (including all rights-of-way, easements, permits, franchises and authorizations) to the County. The County will not reimburse the developer for these service extensions. 4) For water mains extended under this method, the developer making the extension will be entitled to reimbursement at the "prevailing reimbursement rate for the fiscal year" of the connection. The County will collect fees from any property owner who connects to the system, according to the basis set by the Board of Commissioners. The County will make reimbursements to the developer for a period beginning at the time of acceptance of the line and ending at the end of the fifth full fiscal year thereafter, or until the reimbursable portion is paid in full whichever comes first. If the five year period expires before the cost of the line is fully reimbursed, the County will continue to collect fees at the prevailing reimbursement rate until such time as the line cost is fully recouped or until the end of the tenth full fiscal year which ever comes first. Monies collected in years 6 through 10 will not be passed through to the developer but will be paid into the Water Fund. B. Special Assessment Districts It shall be the policy of the Lee County Board of Commissioners that the expansion of the Lee County Water System may be made by the establishment of special assessments districts as provided by GS 153A-185. The following conditions must be met in order to complete extensions under this method: 1) Petition(s) signed by at least 60% of the residents in an area desiring water service must be received by the LCWS office. Signers must be owners of the property to be served and the petition must include the current mailing address of the signers and the location of property to be served if different from the mailing address. 2) A public hearing will be held to establish that a bonafide need exists for water service. 3) Since no expansion may occur unless the County has the funds to build the facilities, a source of revenue to construct the waterline must be identified by the Board of Commissioners. The Board will endeavor to set aside money in the Water Fund each year to fund extensions. These funds would be used on a priority basis set by the Board 4