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9/8/1982
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9/8/1982
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1.2, and a rate is required which will produce that amount <br />of income. <br />Attorney Brandenburg again reminded the Board that we <br />must raise the rate at least to 8 and 2 by September 30th, <br />and beyond that we have a continuing obligation to meet the <br />1.2 test. In addition, the Master Bond Resolution has an <br />even more stringent requirement of a certification that <br />projected revenue will be 1.25 times the average annual debt <br />service for the preceding year. He further noted that FmHA <br />has an interest in seeing what level the County will set the <br />rates at, -and if it is not satisfactory, it is possible they <br />could reevaluate to see if we should have gotten those grant <br />monies or not. <br />Commissioner Fletcher asked about the South Beach water <br />system extension, and Attorney Brandenburg noted there is a <br />commitment with the City of Vero Beach to provide that <br />service by 1985. It is a tight schedule. <br />Commissioner Fletcher felt the proposed expansion to <br />South Beach had caused some changes in the South County <br />Water System, but Engineer Robbins stated that the plant was <br />designed for 5,000 connections, and his feeling was that the <br />plant has adequate capacity, based on the lower actual water <br />consumption found in re -rating the plant, to provide the <br />projected connections in the South County, plus providing <br />the water for the South Beach. <br />Commissioner Wodtke noted that in the original docu- <br />mentation approved by FmHA, the rate was set at $7.10 and <br />$1.50, and he asked what consumptive rates they used on an <br />average. <br />Mr. Robbins stated that their 1979 report was based on <br />an average usage of 9,000 gallons per month. <br />Commissioner Wodtke asked if that is why the rate was <br />set at $7.10 and $1.50. <br />9 <br />SEP S 1982GEM PA ��9 <br />
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