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ATTORNEY COLLINS ASKED IF PERHAPS A COMBINATION OF THE <br />FUNDING ALTERNATIVES PRESENTED COULD BE USED, AND MR. ENC AGREED <br />THAT COULD BE DONE AND PROCEEDED TO REVIEW THE AMOUNTS THE DIFFERENT <br />ALTERNATIVES WOULD GENERATE. <br />COMMISSIONER LOY ASKED MR, ENG IF THE PROPOSED UTILITY <br />TAX WOULD BE TAXING ALL THE UTILITIES THAT COME INTO A HOME, AND <br />MR. ENG STATED THAT IT WOULD INCLUDE EVERYTHING SUCH AS ELECTRICITY, <br />GAS, ETC. <br />COMMISSIONER LOY ASKED IF SUCH A TAX IS DEDUCTIBLE, AND <br />ATTORNEY COLLINS SAID IT WAS. IT WAS POINTED OUT THAT THE CITY OF <br />VERO BEACH HAS A UTILITY TAX. <br />CONVERSATION CONTINUED ON THE ALTERNATIVES, AND ATTORNEY <br />COLLINS ASKED IF THE BOARD HAS TO DECIDE ON THIS RIGHT NOW. <br />MR. ENG FELT IN ORDER TO PROCEED WITH THE PROJECT, THE <br />COUNTY MUST INDICATE THAT THEY ARE READY TO DO SOMETHING. <br />COMMISISONER SIEBERT NOTED THAT WITH NO GRANT, IT IS <br />NECESSARY TO BORROW $6,613,000, AND WITH A MILLION DOLLAR GRANT, <br />YOU STILL NEED TO BORROW $5,000,000. WHEN YOU ADD IN THE DEBT RE- <br />SERVE, ETC., THE DIFFERENCE IS ONLY 10%. <br />MR. ENG COMMENTED THAT THE FMHA STATES THE RATE YOU CHARGE <br />MUST BE COMPATIBLE WITH THE AREA..IT SERVES, AND THIS WILL BE A GUIDE- <br />LINE TO HOW MUCH TO SUBSIDIZE. <br />COMMISSIONER SIEBERT NOTED THAT WE TALKED ABOUT EQUALIZING <br />THE RATES COUNTYWIDE, AND WE WOULD HAVE TO BRING THESE RATES DOWN. <br />CHAIRMAN WODTKE ASKED WHAT AFFECT 3,000 OR 3,500 CUSTOMERS <br />WOULD HAVE ON THE RATE STRUCTURE, AND MR. ENC STATED THAT THERE IS <br />ABOUT A $4.00 DIFFERENCE MONTHLY FOR EVERY ADDITIONAL 500 CONNECTIONS. <br />CHAIRMAN WODTKE ASKED IF THE BOARD WERE TO MAKE A DECISION <br />NOW, WHAT THE NEXT STEP WOULD BE. <br />MR. ENG STATED THAT TWO DECISIONS HAVE TO BE MADE: G) THAT <br />THE COMMISSION WILL ADOPT SOME METHOD OF FUNDING THE PROJECT AND (Z) <br />WHAT TREATMENT MODE THE COUNTY DESIRES FOR ITS WATER AND WHICH AQUIFER <br />THEY WILL DRAW FROM. <br />ATTORNEY COLLINS FELT MR. ENG WANTS A MOTION INDICATING <br />THAT THE COMMISSION WILL USE ONE OR ALL OF THE ALTERNATIVES PRESENTED <br />FOR FUNDING THE PROJECT. <br />0 CT 161979 19 Q�� � �� X44 <br />