8/25/1987 - Laserfiche WebLink

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AUG 2 5 1991 o0i Go"iAu Mr. Munksgaard explained that the monthly charge approach was taken because CDM assumed the County would be floating a typical water and sewer revenue bond for a 20 -year period, which would be paid off over an annual basis, and would be recovered through monthly charges to the customers. The program that would be necessary for the sludge and septage centralized facility ..would cost approximately $5.2 -million, assuming there is a 10% interest rate on bonding and a 25% coverage. He believed the County could do better than that, but they have taken some worst case assumptions in order to get a maximum -type assessment to the customers. With regard to the grant funding process, Mr. Munksgaard noted that there is a 55% grant program for fiscal year 1988. However, at present, Indian River County is being shown on the planning portion of the list, and CDM is trying to get this county elevated into the fundable portion. The 55% is not the total project; the grant program only pays for money to reimburse counties for the implementation of improvements to help existing needs. CDM has calculated the county's existing needs at somewhere around 40-50%; therefore, the part of the treatment plant that is needed for future growth is not eligible for funding. Mr. Munksgaard anticipated that the County could end up with a grant of possibly $1.2 -million. Chairman Scurlock opened the Public Hearing and asked if anyone wished to be heard in this matter. Attorney William Collins, 601 21st Street, complimented CDM on their concise presentation, but questioned the City of Vero Beach being allowed to continue the dumping of discharge into the Indian River. Chairman Scurlock pointed out that the City of Vero Beach has indicated that they are not going to stop putting their effluent into the river, at least at this point in time. There is nothing the County Commission can do about that, as it is the City' -s plan. 43