5/7/1986 - Laserfiche WebLink

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believe that the regulations we have that would force a utility company to operate properly are too much for a private developer who is not in the utility business to handle. However, what is important right now, is that the impact fees owed based on the old county ordinance be paid immediately. Staff has been working on this for more than two months and these companies have been put on notice. Chairman Scurlock asked if accepting a Letter of Credit in lieu of actually escrowing the monies is an option Director Pinto would recommend, and he stated he would recommend that only _on a limited basis to get to a point where cash is available because if you miss the expiration date of that Letter of Credit, you are out of luck. Director Pinto also felt giving the interest back to the private utility company is a mistake because the impact fees increase in the meantime. Director Pinto informed the Board that there are some franchises just below Sebastian where he would like to have permission to start talking to the owners about taking their systems over. He clarified that is not talking about buying them, but taking them over, operating the system, putting them under the country rate structure, taking the impact fees out of escrow and having them paid directly to the county; and then as we develop our system, tie them directly in to us. This would help the developer even though he may argue about his investment. Director Pinto stressed that the developer's investment is part of the construction cost of building a development. It is the developer who makes the decision about going into a package utility so he can develop his property at the maximum density. Administrator Wright felt we should go one step further and rather than just one area, look at all the county. Chairman Scurlock agreed, and believed we want to be able to use the County Attorney and OMB Director to start this process and bring recommendations back to the Commission. 77 MAY 7 1986 BOOK 64 F4E363