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r MAR 171982 9 F bE2 The Town of Indian River Shores on February 25, 1982, approved the plan to pay the portion of the impact fees for the area annexed by them but being serviced by the Pebble Bay Sewer System. This cost for the sev enty- five (75 ) units will be $56,051.25. This covers the pro -rata cost of the annexed area and includes the $187.50 per unit impact fee to be paid to the City of Vero Beach as follows: Town of Indian River Shores Pro -rata Cost $41,989.06 City of Vero Beach Impact Fee 14.062.50 TOTAL $56,051.56 To implement the assessments as noted above, Ordinance 81-21 is being inv-oked as the means for equitably --assessing each of .the units as explained above. This ordinance requires the public notice of this meeting be published at least fifteen (15) days prior to the meeting. It was so published and a copy is provided as Attachment B. On March 2, 1982 a letter and Information Bulletin was sent to each property owner of record informing them of the history of the sewage system and the need for improvement. An assessment roll has been prepared that would require properties within the County to pay their proper share of the impact fees as determined at the December 16, 1981 meeting. The assessment roll breaks down to the following number of units for assessment: No. of Units Pebble Bay Subdivision 52 Harbour Island Club Condominiums 41 Vera Cruz Condominiums 57 County Park 4 FIT Project 3 157 ALTERNATIVES AND ANALYSIS Inasmuch as the cost of improvements are imminent and the fact that the system will be turned over to the City of Vero Beach, there is ,no opportunity to recover any of the construction costs through servicing.. The only alternative 'is to assess on a unit basis those benefitting by the improvements. For a fair assessment, these properties should have the assessment pro -rated in order to provide proper financial coverage of the expenses as'noted. It should be further noted that Harbor Island Club paid $36,000.00 impact fees which cover more than their normal share of the impact; they paid extra for the anticipated rework of the sewage pumping station to which they are connected. This pumping station construct - tion is part of the present contractual work being performed. Inasmuch as the payments were $900 per unit with provision to go to $1,000 per unit if necessary, we should not assess another $747.35 for each unit. Their share of $30,641.35 should be paid from the $36,000.00 they previously paid. RECOMMENDATION.AND FUNDING Approval of the Resolution is recommended. This will allow Staff to continue its efforts toward bringing this matter to a conclusion. 9= -