6/2/1982 - Laserfiche WebLink

Home Browse Search

JUN 21982 Alternatives and Analysis oaK 49 wbr 899 This franchise resolution contains all financial benefits to pro- tect the interests of Indian River County. These include: 1- Payments are to be made to the County impact escrow fund in the amount of $651.20 (both water and sewer for each condo impact fee rated at 250 gallons per day). 2-_ There is the escalation clause as provided in the County impact ordinances. 3- Three percent'of the annual gross receipts shall be paid to Indian River County as a utility tax. 4- Two and one-half percent of gross revenue will be accumulated for the capital maintenance escrow fund after being seeded by the corporation with $5,000.00. 5- If and when the utility is bought by the County, the maintenance escrow fund will be vested with the County. 6- There is a provision for a fine to be imposed by the Board for utility faults or deficiencies not corrected after a hearing for the problem. 7- The inspection fee of $20.00 per unit will apply during construction of the utility system for services the County will perform. The memorandum attached reflects a question of the advertisement for the public hearing for the franchise approval. Not counting Sundays and holidays, the advertisement would have to be printed no later than May 15, 1982. We did receive proof of publication to be May 17, 1982. This date was two days after the deadline date for proper publication. If this reason is justified, the public hear- ing will have to be approved for a later date and the meeting re -advertised. It must be emphasized that the rules for the adver- tisement were clearly spelled out to Mr. Sundstrom, attorney for the developer. This information included the deadline date for the advertisement as well as "approval" to get on the agenda. This was explained to the developer as a problem with holding the public hearing on June 2, 1982. Nevertheless, he requested that he take this chance to present his case and see if the Commission will approve the franchise at this time. A further question had been raised by staff as to whether the rush to approve this franchise is justified when the same water service can and will'be provided by North Beach Water Company. Approval of this franchise at this time is thought to remove the incentive of North Beach Water Company to expedite their application. An alter- native to approving this franchise at this time would be to wait for the successful application and approval of the cooperative North Beach Water Company as the preferable water utility system. Note that in this event, Florida Land Company would still have to apply for the sewage system franchise included in the present application. Service rates are set up as a different base rate for water and sewer service and usage rates as shown on the attached table (Exhibit A) of the application franchise. Examples of typical usage bills follow for a 5/8 x 3/4 meter: 61