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3. The County provide the sum of $60,900 to the project. <br />Advantaqe <br />a) Maximum flexibility in methods of County financing. <br />b) The total assessment would be comparable to that of the Town of <br />Indian River Shores. <br />c) Elimination of package treatment°plant. <br />d) Available package treatment plant for other location in the County. <br />Disadvantage <br />a) Public hearing would be required. <br />b) Results in funding cost to County. <br />RECOMMENDATION AND FUNDING <br />It is recommended that: <br />1. The County provide the sum of $60,900 toward the project cost. <br />2. 260 units in the Pebble Bay sewage area be assessed 5700.00 per unit. <br />3. The assessment procedure outlined in Ordinance 81-27 be followed. <br />4. Funding <br />a) Funding of the $60,900 could be provided frcm the following: <br />1) Gifford Utility Enterprise Fund. <br />2) Escrowed Utilities Impact Fees <br />3) F.H.A. money.available at low interest. <br />4) General Fund money could be used since the park would be available to <br />all County residents. <br />5) Unobligated interest income from South County Water System. <br />5. It is recommended that: <br />Initial funding of approximately $60,900 be provided from the Escrow Utility <br />Impact Fee and unobligated interest income of approximately $25,000.from the <br />South County Water System. <br />5 aGOK 8 PAcf. ��� <br />NOV-25 1981 <br />