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SEC 161991 BOOK 8 %E39- <br />-Units to be Accounted for by County 49.74 <br />-Contribution by County to Cover Cost <br />of 49.74 units at $747.35 per unit $ 37,175.90 <br />County Contribution if Fee is $780.00: <br />-Total Remaining Cost <br />Set Fee at $780.00 $154,509.85 <br />-Number of Units Required at $780.00 198.09 <br />-Actual Units 157 <br />-Units to be Accounted for by County 41.09 <br />-Contribution by County to Cover Cost <br />of 41.09 units at $780:00 per unit $ 32,049.85 <br />Recapitulation of County Contribution: <br />If fee is $747.35, County's Cost = $37,175.90 <br />If fee is $780.00, County's Cost = $32,049.85 <br />G. Two Alternatives for Source of Funds to Cover County's Contribution: <br />The range of contribution required of the County to set an assessment <br />fee equal to the cost borne by Indian River Shores is $32,049.85 to <br />$37,175.90. <br />Two possible alternatives for funds are: <br />1. Utilize excess revenues, or investment income associated with <br />the Utilities Department enterprise system to purchase the <br />Pebble Bay Sewage Treatment Plant which will be taken out of <br />service after connection of the system to the City of Vero Beach. <br />2. Utilize escrowed impact fees which have been collected by the <br />Utilities Department to purchase the Pebble Bay Sewage Treatment <br />Plant which will be taken out of service after connection of the <br />system to the City of Vero Beach. <br />RECO14MENDATION AND FUNDING <br />Based on the analysis presented herein and in an effort to provide <br />an assessment fee which is equitable to the residents of the County and <br />those residents to be annexed into Indian River Shores, it is recommended <br />the Board of County Commissioners establish an assessment of $747.35. <br />It is also recommended Alternative 2, escrowed impact fees, be utilized <br />to provide the required contribution by the County of $37,175.90. <br />Commissioner Scurlock noted the County apparently would <br />be subsidizing the system in the amount of $37,175.90 if <br />they accepted the proposal presented, and he suggested a <br />Motion be made approving the recommendation of staff of an <br />impact fee in the amount of $747.35, with the County's <br />contribution being $37,175.90. <br />Discussion ensued as to where the money will come from, <br />and Engineer John Robbins reported that he contacted FmHA in <br />81 <br />