2/8/1984 - Laserfiche WebLink

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� � r There is a possibility of the County furnishing water to this development upon the extension of water mains out State Road 60. The resolution contains language addressing same. A rate schedule for this franchise will be determined at a later date during a public hearing held for that purpose. Vista Properties has met all requirements set out in Indian River - County's Franchise Application including public liability and property damage insurance (Exhibit "B"). RECOMMENDATION: Staff recommends approval of this resolution (Exhibit "1") to allow Vista Properties to build water and wastewater treatment facilities in order to provide service to Vista Plantation. Staff acknowledges County will furnish water to Vista Plantation provided the water main extension is timely with the building of this project. Mr. Pinto explained the modifications in this franchise which vary from our standard franchise. 1)- A provision which states that as soon as County water is available, the sewer part of the franchise will become null and void; 2) Changes in the purchase agreement section which allow the County to purchase the sewer part of the franchise at any time with a formula for depreciation of the original construction cost and for purchase of the .property the facility sits on at the original purchase price and not at an appraised value in the future; and; 3) A provision that if the County should ever decide they are not interested in buying the facility, the impact fees collected and escrowed would revert to a Renewal and Replacement (R&R) Fund. The Chairman asked if anyone present wished to be ,heard. Attorney Gordon Johnston came before the Board representing Vista Properties and stated that they basically have no problem with the franchise. He continued that while they have no problem with the impact fees being turned over 43 :• BOOK6 f�CE