1/23/1985 - Laserfiche WebLink

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Administrator Wright recommended that the interest rate be adjusted annually on the anniversary date and that the interest rate be one percent over the current prime rate which will be determined by the OMB Director. Attorney Brandenburg advised that a mortgage must be executed on the mobile home park property in order to secure the impact fees, because if payments are not made, it is very difficult to turn off the water in a mobile home park. Director Pinto explained that payments are to be made in 36 monthly installments and that the owners probably would pass it on to their tenants in monthly installments. Administrator Wright believed that we would be hearing from those tenants. Commissioner Wodtke asked if the tenants were going to be notified and billed for the hookups or whether it would be on their utility bill, and Director Pinto believed that they are going to have to be billed in monthly installments and that is something that would be handled by the Data Processing Dept. He noted that if Data Processing could not handle it, Utility Services would put it on a mini -computer and do it themselves. He felt that the programming is really very simple and did not understand why Data Processing is having difficulty. Director Pinto anticipated that in the very near future individual home owners will want to tie in with the new water and sewer lines, and that the County's security would be that they could always disconnect the service if payments are not made. THE CHAIRMAN CALLED FOR THE QUESTION, as modified by the County Administrator, that the interest rate will be adjusted annually on the anniversary date and that the interest rate will be -one percent over the current prime rate which will be determined by the OMB Director. The Motion carried by a vote of 4-0, Chairman Lyons being absent. 55 Bou 59 F'A.GE 680