9/8/1982 - Laserfiche WebLink

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L—A Discussion followed on that fact that there is not sufficient time to have an outside study done and also regarding the reasoning behind not going with the 8 and 2 rate the FmIiA is willing to accept. Finance Director Barton explained that the 8 and 2 FmHA used was based on a study done three years ago, and did not take into consideration the Ixora, Treasure Coast, and other systems we are acquiring. It was emphasized that our requirements are set out in the bond covenants and we must meet them. Administrator Wright then proceeded to explain the figures set out in the chart, noting that in the first column, they took the rates we are billing today and ran them through the machine to see what this would produce -next year. The 8/2 column is what FmHA requires as a minimum; it also takes into consideration certain other variables such as considering the Vista Properties to be 1800 single family units whereas today they are actually considered on master meters as 130 single family units with high consumption. Discussion followed about the County having had a special agreement with Vista Royale, and Attorney Brandenburg believed there was an understanding their rates would remain the same until the time the County water system came on line; although, there is nothing in -the actual agreement with Vista Royale that speaks to the rates. In further discussion it was noted that there is a line to Vista Royale now, but our water plant will not be on line until October. Discussion continued about various rates, including the possibility of an inverse rate, and Joe Baird of the Utility Department noted that all County rates will go up since we have to have a unified county rate. Finance Director Barton emphasized that the plant was designed and built based on providing service to a given 5 SEP - 8 ..SEP...8 1982 go 51 NNE 21.5