6/19/1985 - Laserfiche WebLink

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JUN" 19 Ms BOOK 61 PAGE 276 Commissioner Bird wished to know who Southeast Water and Sewer Co. is and who North Hutchinson Island Water Co. is as he could not understand why anyone would use that name in this area. Considerable discussion ensued wherein it was explained that Southeast Water and Sewer Co. are the principles within this franchise, and they are the developers of Vero Grove. The name, North Hutchinson Island Water Company, has nothing to do with the location. The developers had an existing utility company which they established for a development on North Hutchinson Island. They originally applied for this franchise in the name of that company because they were going to do this project under the umbrella of the existing corporation. Now they have modified that and broken it out because the first project is completed. Commissioner Wodtke asked if we have a provision that says if they put in a project in St. Lucie County, they should not run that utility system out of this same company and co -mingle costs. Director Pinto did not believe the Board would want to prevent someone from utilizing their corporation, and he noted that the makeup of this utility franchise requires that the rate reflect the cost of this franchise and not anything else. For instance, General Development Corp. is statewide, but the cost of their operation here is specific to that rate structure. He further noted that the financial statements and insurance documents are part of the franchise. The Chairman asked if anyone present wished to be heard. There were none. ON MOTION by Commissioner Scurlock, SECONDED BY Commissioner Bowman, the Board unanimously closed the public hearing. ON MOTION by Commissioner Scurlock, SECONDED by Commissioner Bowman, the Board unanimously adopted Resolution 85-67 "SOUTHEAST WATER AND SEWER CO." 28 � � r