94-47.3. Project Financing.
The Board of Commissioners will provide the basic wastewater facilities, including the interceptor sewers, major sewer lift stations (on interceptor sewer lines) and wastewater treatment facilities for the areas which it has determined will be served by a County-owned system. Construction of such facilities will be financed from bond funds, state/federal grant/loan funds, system revenues and other available funds and under a time schedule determined by the Board.
- The extension of wastewater collection lines from the basic wastewater facilities shall be financed in whole or part by the applicant as determined by the Board.
- Once the project has been approved by the Board and all permits, easements and release deeds have been secured, the applicant may proceed with construction in either by:
- The applicant shall deposit with the County his pro rata share of the funds in an amount equal to 120% of the design engineer's estimated construction cost. The County will secure bids and award construction contracts in accordance with the N.C.G.S. The engineering, inspection fees and contractor invoices will be paid by the County from funds appropriated for the project. Should actual costs exceed the funds available, the applicant shall be responsible for covering any and all costs overruns unless approved otherwise by the Board; or
- The applicant shall secure a properly licensed utility contractor, approved by the County, to proceed with the installation. All engineering, inspection fees, and contractor, and other invoices shall be paid by the applicant. Should any County funds be appropriated to the project, disbursement shall be made to the applicant on a pro rata basis upon receipt of an invoice certified for payment by the design engineer, and the applicant shall provide to the County a performance bond for the full amount of the project costs.
