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- c • <br /> a� � Gil:', 6 <br /> Pap I��'� INDIAN RIVER COUIVTY, FLORIDA <br /> DEPARTMENT OF UTILITY SERVICES <br /> �R19� <br /> Date: September 14, 2015 <br /> To: Joseph A. Baird, County Administrator <br /> From: Vincent Burke, P.E., Director of Utility Services <br /> Prepared By: Cindy Corrente, Utilities Finance Manager l Jk', <br /> Subject: Comparison of Water and Sewer Rates for Seven AAA tond Rated Utilities <br /> DESCRIPTIONS AND CONDITIONS: <br /> During the August 18, 2015 Board meeting, The Board of County Commissioners (BCC) <br /> approved the refunding of the Water and Sewer Revenue Refunding Series 2005 by refunding <br /> $7,100,000 from Utility Reserves and refunding the remaining $7,105,000 by the Water and <br /> Sewer Revenue Refunding Note Series 2015. During the discussion of the Board item, it was <br /> noted that Indian River County is one of only seven utilities statewide that maintain an AAA <br /> bond rating as was determined by Fitch Ratings Inc. Discussion took place regarding this <br /> accomplishment. During the discussion, it was mentioned that various Board members were <br /> curious as to the comparison of rates among those seven utilities. <br /> In response, staff prepared the attached chart which depicts the water and sewer rates for <br /> those seven utilities. <br /> APPROVED FOR AGENDA: <br /> By: l Indian River Co. Approved Date <br /> Jos h A. Baird, County Administrator Administration <br /> (` legal <br /> 1 <br /> For: Budget ' <br /> Date Utilities �S <br /> Utilities-Finance Gym, <br /> 9 <br />