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NOV 3 01991 BOOK pAu d$ <br />objecting to is inclusion of the legal fees, contingency and <br />the interest during construction. <br />John Curtin of Indian River Shores explained that the <br />Town is absorbing their risk for those specific cost <br />elements even though their cost is 2z times as high as the <br />County's. Their financing set up provides for adding 10% <br />for every deferred payment every calendar year. <br />Commissioner Scurlock noted that the Town will have new <br />customers to make up the difference and the County won't. <br />He then questioned the figure of $25,000 for interest during <br />construction, which he felt was excessive. <br />Mr_ Curtin felt that it would be necessary to borrow <br />for only three months.or so, and that a figure of $3,000 or <br />$4,000 should be sufficient. <br />Intergovernmental Coordinator Thomas noted that he was <br />given a cost of $207,000 and a time period of one year, and <br />if the figures have changed on total cost and total length <br />of time, he would have to refigure. <br />In regard to the $10,000 figure for contingency, <br />Engineer John Robbins reported that they took into account <br />that the contract might not be awarded until December 1st, <br />which would increase the price about $5,400, and in <br />addition, there are some buried utilities on which we do not <br />have any records. <br />Mr. Geirhart asked if the legal fees could be recovered <br />from delinquent payers, and it was felt that the legal fees <br />could be deleted since the County now is going to have a <br />full time county attorney. <br />Fred Scowden, local builder and resident of Pebble Bay, <br />disputed the number of hookups estimated by the County, <br />stating that Pebble Bay has 50 lots, not 45, and Vera Cruz <br />has 57 units, if you count the clubhouse, and not 35 as set <br />out in the County's figures. He further noted that a lot of <br />people.in Pebble Bay have already paid a $200 hook up fee. <br />7 <br />