5/7/1980 - Laserfiche WebLink

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The basis for the schedule set forth above has been structured by the County with regard to two major but variable factors. First, the present level of construction costs of water distribution, sewage collection, water treatment plant and waste water treatment plant facilities. Second, the theory of treatment facilities and their degree of treatment sophisti- cation as prescribed by the Department of Health, and Re- habilitative Services and the Department of Environmental Regulation. The County hereby declares that the schedule of contribution in aid of construction charges set forth herein may be automatically escalated based upon increases in utility construction index published in Engineering News Record Magazine (if not in existence then an equivalent as determined by County), entitled "20 cities construction cost index", using as a base, the published index for the quarter ending June 30, 1980. The County shall automatically adjust the contributions in aid of construction charges set forth herein semi-annually, with the first such adjustment to be not earlier than December 31, 1980. Any automatic escalation shall not exceed the percentage difference between said construction cost index for the base period as com- pared with the period of comparison. Section 6. ESCALATION BY THE INDIAN RIVER COUNTY BOARD OF COMMISSIONERS. Separate and apart from the automatic escalation provisions set forth above, the Utilities Department of the County may file with the Commission a higher contribution schedule, and in support of that schedule, detail the reasons requiring such increased contributions. Such reasons may include and be related to increasing standards of service; inadgquate or in- correct estimates of the total anticipated contributions versus the actual investment levels required by the County for water distribution and sewer collection facilities; actual experience with regard to matters of service area density having a direct bearing upon contributions received versus the cost of construction of the facilities; matters of net investment bearing upon rates and charges required of consumers and/or such other matters which may reasonably MAY 71980 -8- ., PnIE 469