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Utilities Director Terry Pinto introduced Larry Adams, Vice President of Camp Dresser & McKee, Inc., who discussed the factors required by 0:)m environmental engineers, saenftb, planners, & management consultants Sep ember 4, 1987 Mr.l'Terrence G. Pinto Dirctor of Utilities Ind an River County 184' 25th Street State law as set out in the following report: Services Vero Beach, Florida 32960 DearF Mr. Pinto: CAMP DRESSER & McKEE INC. 660 Beachrand Boulevard, Suite 202 Pja Box 6725 Vero Beach, Florida 32961.8725 (305) 231-4301 Indan River County has expressed an interest in the purchase of the Bent Pin Utility Company and must, by Florida State Rulings, comply to Ruling 125 3401, as stated below. It is the intent of this letter report to ass st the county with the referenced compliance. 125.3401 Purchase or sale of water or sewer utility by county. -- No county may purchase or sell a water or sewer utility that provides service to the public for compensation, until the governing body of the county has held a public hearing on the purchase or sale and made a determination that the purchase or sale is in the public interest. In determining if the purchase or sale is in the public interest, the county shall consider, at a minimum, the following: (1) The most recent available income and expense statement for the utility; (2) The most recent available balance sheet for the utility, listing assets and liabilities and clearly showing the amount of contributions -in -aid -of -construction and the accumulated depreciation thereon; (3) A statement of.the existing rate base of the utility for regulatory purposes; (4) The physical condition of the utility facilities being purchased or sold; (5) The reasonableness of the purchase or sales price and terms; (6) The impacts of the purchase or sale on utility customers, 'both positive and negative; (7) Any additional investment required and the ability and willingness of the purchaser to make that investment, whether the (purchaser is the county or the entity purchasing the utility from ,the county; (8) The alternatives to the purchase or sale and the potential impact on utility customers if the purchase or sale is not made; and (9) The ability of the purchaser to provide and maintain high-quality and cost-effective utility service, whether the 'purchaser is the county or the entity purchasing the utility from the county. 1 45 BOOK 69 MEMO a