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JUL 71982 50 '184 TO: The Honorable Members of the DATE: June 28, 1982 FILE: Board of County Commissioners THRU: Dr. C.B. Hardin, Jr., Ph.D. Acting County Administrator FROM: George Liner, Utilities Manager DESCRIPTION AND CONDITIONS Application for River Bend SUBJECT: Water and Sewer Franchise to be heard July 7, 1982 - REFERENCES: River Bend application was made by Florida Land Company, the same firm that operates the Bent Pine Franchise in a satisfactory manner. The background information as attached to this memorandum was presented to and reviewed by Commissioners at the meeting held 6/2/82:-- This public hearing was advertised in the Press Journal 6/15/82 and the county has proof of publication. The Board of County Commissioners preferred to review (with intent to approve) the franchise for the North Beach Water Company prior to approving the River Bend franchise. The public hearings for 7/7/82 are scheduled with North Beach Water Company being first. To answer some hydrology questions, experts were invited from C�eraghty and Miller, (Tom Tessier), St. John's River Water Management District, (Jim Fraisee),'and Sverdrup and Parcel, (John Robbins). At present, only the former two are scheduled to appear for the meeting. The franchise resolution the Commission had received was a result of several reviews and revisions. Florida Land Company had complied with all County requests except the objection to the manner of determining the price of the utility's land at a time the County plans to purchase the utility. Two alternatives are shown in the proposed resolution _(page 15). These do not include the request of County staff to establish the cost now and/or else give credit for connection fees as paid by home purchasers for plant capacity toward the purchase cost. It should be noted, the franchise is for the "River Bend Utility Company Water -and Sewerage System Franchise," a wholly owned corporation of Florida Land Company, organized expressly for this utility. ALTERNATIVES AND ANALYSIS 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.