3/20/2019 1:02:03 PM
10/5/2015 9:17:26 AM
State Filed Date
Indian River County Utilities
Bond Purchase of North Beach Water Company
Surcharge County Utilities for former customers North Beach Water Co.
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12/7/88(ORD)Legal)Vk/TP/JB <br />ORDINANCE NO, — 89.2 <br />AN ORDINANCE OF INDIAN RIVER COUNTY, <br />FLORIDA, A_D_O_PTING A SPECIAL SURCHARGE <br />RATE FOR THE PROVISION OF WATER BY THE <br />INDIAN RIVER COUNTY UTILITIES DEPARTMENT <br />TO THE CUSTOMERS IN THE AREA FORMERLY <br />SERVED BY THE NORTH BEACH WATER COMPANY, <br />BE 1-T ORDAIRED —bylndiafiR-i*er Counzy�, —aeti-ng—through <br />its Board of County Commissioners, that: <br />SECTION 1. SURCHARGE ESTABLISHED <br />There is hereby established a special surcharge on the <br />monthly water utility bill of the customers of the former <br />North Beach Water Company franchise territory which <br />surcharge shall not exceed an additional $13 per month per <br />equivalent residential unit (ERU) over and above the County <br />water utility rate. <br />SECTION 2, SURCHARGE LIMITS <br />The surcharge shall not exceed $13 per ERU per month <br />for five years from December 1, 1988. After December 1, <br />1993, the surcharge may be adjusted upward to an amount' <br />certified by the —C-ounty-`-s—financ-i-I advis-o7r`t—o be necessary <br />to fund the debt service on the bonds issued to purchase the <br />North Beach Water Company. <br />SECTION 3. TERMINATION OF AUTHORITY FOR SURCHARGE <br />The authority for the surcharge authorized by this <br />ordinance shall,expire when the long-term bonds have been <br />paid, which bonds are to be issued within the next five <br />years to retire the bond anticipation notes used to purchase <br />the North Beach Water Company. <br />Approved and adopted by the Board of County <br />Commissioners of Indian River County, Florida, on this 3rd <br />day of -- January —, 19$9. <br />This ordinance was advertised in the Vero Beach Press <br />Journal—on the-122th day—o DeS��j�L---' 1988, for—a <br />public hearing to be held on the —3rd-- day of _January — <br />1988, at which time it was moved for adoption by <br />Commissioner Eggert seconded by Commissioner <br />Scurlock and adopted by the followinq vote: <br />SmeadSoft Reprint Date: Monday, August 12, 2013 - 12:14:21 - OfficialDocuments:683, Attachment Id 0, Page 1 <br />
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