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E. Discuss G&A Charges and Refunds - South Beach Water Project <br />1� The Board reviewed memo of Assistant Utility Director Joe <br />Y Baird, as follows: <br />To: The Honorable Members of np�: February 14, 1985 FILE: <br />the Board of County Commiss <br />THRU: Michael Wright <br />County Administrator <br />SUBJECT: APPROVAL OF G & A CHARGES <br />Terrance G. Pint FOR SOUTH BEACH WATER <br />Utility Service Rector PROJECT AND RETURN OF REMAIN <br />MONIES IN CONSTRUCTION FUND <br />TO CITY OF VERO BEACH <br />FROM:REFERENCES: <br />Joseph'f Baird Letter from City of Vero <br />Assistant Utility Director Beach dated 2/2/85 <br />DESCRIPTIONS: <br />On September 16, 1981, Indian River County entered into an agreement with <br />the City of Vero Beach to serve an additional 255 customers water on the <br />Barrier Island. In accordance with the agreement Indian River County <br />was to construct a water transmission line from the City limits south on <br />A -1-A to Sea Turtle Lane.- After the completion of the Construction <br />the City was -to serve all vested water customers until such a time as <br />the County was able to build a subaqueous crossing to the Barrier Island <br />or through mutual agreement the waterline would be conveyed to the City. <br />Presently the County is in the process of conveying the water line to the <br />City of Vero Beach, however in September 16, 1981 agreement, the remaining <br />funds in the South Beach construction fund revert to the City of Vero Beach <br />There is $143,887.51 remaining in the Construction Fund before the County <br />charges the General & Administrative charge for overseeing the project. <br />Through negotiations between City and County, we have finally arrived at a <br />General and Administrative Charge that both parties feel is reasonable. Th <br />General and Administrative Charge is 5% of total constructions costs which <br />would be in the amount of $43,710.14. This would leave $100,177.37 of Sout <br />Beach Construction monies that would revert to the City of Vero Beach. <br />ALTERNATIVE AND ANALYSIS:, <br />1. Approve the General Administrative Charge of $43,710.14 and return the <br />remaining monies in Construction Fund to the City of Vero Beach. <br />2. Disapprove the General and Administrative Charge of $43,710.14 and the <br />return of the remaining monies in the Construction Fund. <br />RECOMMENDATIONS: <br />Staff recommends the approval of the 5% General and Administrative Charge <br />in the amount of $43,710.14 and return of remaining monies in the Construc- <br />tion Fund to the City of Vero Beach. <br />13 <br />BOOK 60 PAGE 54 <br />