Title
Vote on a request to adopt a Resolution Approving an Amendment to an Interlocal Agreement Between Chatham County and the City of Sanford
Abstract
Action Requested:
Vote on a request to adopt a Resolution Approving an Amendment to an Interlocal Agreement Between Chatham County and the City of Sanford
Introduction/Background:
The parties have previously entered into Interlocal Agreements regarding the provision of infrastructure to the Moncure area to aid in attracting industrial development to Chatham County. (dated October 20, 2016, July 1, 2017, November 6, 2018) These agreements set forth the intent of the parties to cooperate in the installation and operation of wastewater collection infrastructure to serve the area, authorization for Sanford to use eminent domain for the acquisition of adequate interest in land necessary for the installation, operation and maintenance of wastewater infrastructure to serve the area, provision of payment by Chatham for a portion of the project costs, provision for revenue sharing for development in the area, and cooperation between the parties to facilitate development.
Discussion/Analysis:
To further facilitate development of an additional industrial park in Chatham County, Chatham has requested an extension of a wastewater collection line by Sanford to the Triangle Innovation Point West Industrial Park. Sanford agrees to participate by providing twenty (20%) percent of the costs of the sewer which remain after money from other sources (grants) have been deducted.
Chatham also agrees to participate in the extension of water from Sanford to the Moncure area and other portions of Chatham County.
How does this relate to the Comprehensive Plan?
This item directly relates to the Economic Development Chapter of Plan Chatham
Budgetary Impact:
The budgetary impact for the Chatham County share of the project is estimated at 3,200,000.
Recommendation: Vote on a request to adopt a Resolution Approving an Amendment to an Interlo...
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