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Calculation of Cost Associated with Providing Wastewater Service <br />to Proposed Annexed Area on a Per Unit Basis: <br />Total Pro -rata Cost $41,989.06 <br />Total Units to Cover Cost 75 units <br />Cost Per Unit = $ 559.85 <br />City of Vero Beach Impact Fee = $ 187.50 <br />TOTAL COST PER UNIT TO INDIAN RIVER SHORES =.$ 747.35 <br />E. Calculate an Assessment Fee for the Dwelling Units Which Will <br />Remain Within the County after Annexation Occurs: <br />The following will list the expense items to be borne by the <br />County. <br />ITEM <br />1. Remaining Construction Cost - <br />(Indian River Shores' Cost has <br />been subtracted) <br />2. Engineering and Resident Inspection <br />(Indian River Shores' Cost has been <br />subtracted) <br />3. Ads <br />4. City of Vero Beach Impact Fees (157 units) <br />5. Reimbursement Cost to Indian River Shores <br />6. Contingencies <br />COST <br />$ 82,019.29 <br />13,570.00 <br />25.00 <br />29,437.50 <br />19,458.06 <br />5,000.00 <br />7. Interest During Construction 5,000.00 <br />TOTAL COST TO INDIAN RIVER COUNTY: $154,509.85 <br />Actual Cost Per Unit to Indian River County to Provide Wastewater <br />Improvements: <br />Total Cost to County $154,509.85 <br />Total Number of Units 157 <br />Actual Cost per Unit in Indian River County $ 984.14 <br />F. Determination of Level of Monetary Contribution by Indian River County <br />if Assessment Fee is Set Equal to Indian River Shores' Cost: <br />Presented below will be two calculations. The first calculation will <br />indicate what contribution will be required of Indian River County if the <br />assessment fee is set at $747.35 for all units to remain in the County. <br />The second calculation will show the required contribution required of <br />the County if the assessment fee is set at $780.00. Note, the $780.00 <br />assessment fee is an up -set figure agreed to by Indian River Shores. <br />County Contribution if Fee is $747.35: <br />•Total Remaining Cost <br />Set Fee @ $747.35 <br />•Number of Units Required at $747.35 <br />'Actual Units <br />DEC 161981 80 <br />$154,509.85 <br />206.74 <br />157 <br />Bov 48 PAGF,397 <br />