9/8/1987 - Laserfiche WebLink

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The qua fur Add fac CONCLUSION acquisition of BPUC by Indian River County will result in an improved lity and level of service to the cusotmers of Bent Pine. The purchase :her fosters regionalization of water and wastewater service. itional land for effluent disposal is also made available. The above :ors contribute toward the public interest. IRC's water and wastewater utility began in June 1978 with the acquisition of it small utility system in the Gifford area. The purpose_of the acquisition was to improve water and wastewater service to the residents. Since then the utility system has grown from an initial customer base of 3001water and 126 wastewater customers to 4,446 water accounts (10,800 equivalent residential units) and 1,597 wastewater accounts (9,000 ERU's). Today IRC owns and operates a 2.5 mgd reverse osmosis water treatment plant and,four wastewater treatment plants having a combined capacity of 1.75 mgd; Water and wastewater master planning is currently in progress to identify future needs for water and wastewater service. The financial ability of the County to provide water and wastewater service to[lent Pine customers is demonstrated in audited financial statements and the current fiscal year budget. The County's estimated investment is $371 ,000, consisting of $270,000 for the value of the land and $81,000 for the cost of connecting to the County system. This investment represents 1.4 percent of total water and wastewater assets shown in the most recent audited financial statements (ending September 30, 1986) and 1.8 percent of the fixed asset value for property, plant, and equipment. At ounty rates the revenue from existing Bent Pine customers is about 1 percent of total budgeted operating revenues for fiscal year 1988. Bent Pin customers can be readily absorbed into the County customer base without significant affect on the operating costs of the County facilities and with no affect on the rates and charges of existing County customers. We thank you for the oportunity to assist the County with the acquisition of �uss ent Pine Utility Company. We stand ready to meet with the County to dis this letter report. Very truly yours, DRESSER & McKEE INC. E. 0-4 -1�� a*-�/ E. Lawrence Adams, Jr. Vice President Director Pinto presented the fottowing memo dated 9/9/87: t*6 49 BOOK 69 PACE -310 SEP 8 1997!