12/19/1984 - Laserfiche WebLink

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DEC 10 1984 BooK 59 c'ArF?45 being assessed at $250, this brings the total assessment to $5,165,000. Director Pinto explained that these assessments are for their impact fees. Contrary to our previous assessments, the impact fee remains the same. The reason for this is that the consultant, Arthur Young, has recommended a uniform impact fee for the entire county. Chairman Scurlock felt that the impact fee will be looked at from time to time and will probably increase rather than decrease and that is why there is such a dramatic interest right now in this wastewater project. Attorney Brandenburg explained that this assessment will work essentially the same as the assessment roll for the SR -60 water project. The voluntary assessments will be in place for 10 years, but individuals will have the ability to pay them off in advance. The interest rate on the assessments will be set at such time as the County enters into an arrangement with a financial institution to buy the bonds. Commissioner Bird asked what percentage of the utility system will this pay for, and Director Pinto explained that the impact fee is based on the 85% of the capital cost, according to Arthur Young. The remaining 15% will be recovered through actual rate revenues. Chairman Scurlock explained that this is consistent with the policy set by the County when General Development Utilities were considering having existing customers pay for future expansion. Director Pinto explained that we will also have a base facility charge that will generate revenue, and when this system is ready to go, these 4,132 units will be paying a base facility charge whether or not they are connected. Chairman Scurlock felt that we should clarify that they would be paying the base facility charge at the time service becomes available. 25 _I