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Commissioner Wheeler wanted to know if customers outside the City Limits <br />had an obligation for any debt which was incurred by the City, and thus would be considered <br />shareholders, and this was confirmed by Mr. Lee. <br />Commissioner Wheeler felt that if there were any costs associated with the <br />Referendum, they should be passed on to the County residents paying City Utilities and living <br />outside the City Limits, and not to all County residents. <br />Vice Chairman Davis wanted to know if we could use the franchise revenue <br />towards payment of any costs, and Administrator Baird acknowledged that the County could <br />utilize a portion of those fees to assist with any related costs. <br />Chairman Bowden did not want any unforeseen circumstances to occur, and <br />was concerned about the effects the possible change in ownership from the City of Vero Beach <br />to a separate Utility Authority could have on the City's Revenue Bonds. <br />County staff and City Manager Gabbard agreed that Bond Counsel from the <br />City and the County could work together and come up with some answers. <br />A brief discussion ensued as Director Brown and Manager Gabbard discussed <br />the particulars of funding expenses related to public education on the Referendum. Mr. Gabbard <br />assured the County that the City had planned on doing an informational mailing if the Statute <br />(Section 366.06(7) (c) applies to the City of Vero Beach, and the Referendum is put on the <br />Ballot. <br />Commissioner Wheeler pointed out that as the Resolution is written, it is <br />saying the County supports the Referendum. He believed that it was the County's place to give <br />36 <br />August 12, 2008 <br />