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4 <br />MAY 2 11991 <br />E45�r� <br />EXAMPLE <br />. IMPACT FEE AND LINE EXTENSION COST - DISTRICT 4 <br />IMPACT FEE <br />>Water $1320 <br />Sewer " $2163 <br />Road $1000 <br />TOTAL $4483. <br />LINE EXTENSION <br />Water $1700 - <br />Sewer $1700 <br />TOTAL $7883 <br />I Cost per year $817 - Interest Rate 8% <br />Commissioner Scurlock proposed the need for a program to <br />establish a creative mechanism to encourage existing home owners as <br />well as new customers to hook up to the County's utilities systems. <br />He listed three benefits: increase in franchise fee funds; higher <br />appraisal value to the property involved; and the economic benefit <br />of providing employment to people in the housing industry. He <br />alluded to the weakness in the financial industry and the fact that <br />financing internally is not possible. He would like to pursue an <br />approach to financing with policies to be developed jointly between <br />the administration and the Commission, and asked the Board to <br />authorize staff to assist him in this project. <br />ON MOTION by Commissioner Scurlock, SECONDED by <br />Commissioner Eggert, the Board unanimously <br />authorized Administrator Chandler to assign <br />appropriate staff to assist Commissioner Scurlock in <br />the study of Impact Fee Line Extension Financing. <br />SOLID WASTE DISPOSAL DISTRICT <br />Chairman Bird announced that immediately upon adjournment the <br />Board would reconvene sitting as the Commissioners of the Solid <br />Waste Disposal District. Those Minutes are being prepared <br />separately. <br />VIP, <br />