Chatham County, NC - File #: 21-3688

• File #: 21-3688
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 2/1/2021
• In control: Board of Commissioners
• On agenda: 2/15/2021
• Final action: 2/15/2021
• Title: Vote on a request to adopt a Resolution to approve the amendments to the Interlocal Agreement between Chatham County and the Town of Siler City for the Siler City Wastewater Treatment Plant Capital Improvement contribution of $750,000 and authorizing the County Manager to execute the same.
• Indexes: Comp Plan Goal 3: Promote a compact growth pattern by developing in and near existing towns, communities, and in designated, well planned, walkable, mixed use centers., Comp Plan Goal 4: Diversify the tax base and generate more high-quality, in-county jobs to reduce dependence on residential property taxes, create economic opportunity and reduce out-commuting., Comp Plan Goal 5: Conserve natural resources.

Date	Ver.	Action By	Action	Result
2/15/2021	1	Board of Commissioners	adopted	Pass

Title
Vote on a request to adopt a Resolution to approve the amendments to the Interlocal Agreement between Chatham County and the Town of Siler City for the Siler City Wastewater Treatment Plant Capital Improvement contribution of $750,000 and authorizing the County Manager to execute the same.

Abstract
Action Requested: Vote on a request to adopt a Resolution to approve the amendments to the Interlocal Agreement between Chatham County and the Town of Siler City for the Siler City Wastewater Treatment Plant Capital Improvement contribution of $750,000 and authorizing the County Manager to execute the same.

Introduction & Background: The adopted FY 2018 Chatham County Operating Budget allocated $750,000 to the Town of Siler City as financial assistance to a multimillion-dollar improvement project to the Siler City Wastewater Treatment Plant. The existing Interlocal Agreement was approved by the Board of Commissioners in March of 2020 and sets forth the terms and conditions between Siler City and Chatham for this funding assistance. Since the approval of this Agreement, the Town has retained bond council who has reviewed the Agreement and finds that several amendments are warranted. The Town of Siler City has requested the County consider the approval of these amendments. Accompanying this agenda abstract are two versions of the revised agreement, including a "clean" version and a "redline" version showing the proposed changes to the agreement language.

Discussion & Analysis: The revised Agreement consists of several proposed amendments. With exception to one proposed change, all other recommended amendments have no substantive implication to the intent or operation of the original Agreement. The proposed amendment that does have a material effect to the original Agreement is found in the last statement in the "Project Cost" paragraph. Specifically, this language states, "Notwithstanding the foregoing, Siler City may, with detailed justification for d...