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SEP 2b 1987 BOOK 69 FACE. 569 <br />ORDINANCE NO. 87-56 ` <br />AN ORDINANCE OF INDIAN RIVER COUNTY, = <br />FLORIDA, ADOPTING A SPECIAL IMPACT FEE <br />FOR NEW CONNECTIONS TO THE FORMER <br />TERRITORY OF BENT PINE UTILITY COMPANY <br />IN THE AMOUNT OF $1,500 PER CONNECTION. <br />WHEREAS, Indian River County has purchased the <br />land and assets of Bent Pine._.,Utility Company under a <br />contract which obligates the County to collect a special <br />impact fee from new customers of the former territory of <br />Bent Pine Utility Company who have platted lots with water <br />and sewer available to them as a result of capital <br />expenditures made by Bent Pine Utility Company; and <br />WHEREAS,. this fee will be returned by the County <br />to Bent Pine Utility Company for the next 15 years, pursuant <br />to the terms of the contract; <br />NOW, THEREFORE, BE IT ORDAINED BY INDIAN RIVER <br />COUNTY, ACTING THROUGH ITS BOARD OF COUNTY COMMISSIONERS, <br />THAT: <br />SECTION 1. SPECIAL IMPACT FEE <br />There is hereby established a special impact fee <br />of not to exceed $1,500 per equivalent residential <br />connection to the County Utility System for lots within the <br />former franchise territory of Bent Pine Utility Company, <br />which lots have been platted and had existing, on the date <br />the County took title to the Utility Company, available <br />water and sewer lines. This fee may be adjusted by the <br />County annually by the factors used by the most recent <br />Engineering News Record. <br />v <br />SECTION 2. FEE TO BE IN ADDITION TO OTHER CHARGES <br />This special impact fee shall be in addition to <br />any other rates, fees, charges, and other County impact fees <br />charged by Indian River County Utility Systems. <br />Approved and adopted by the Board of County <br />Commissioners of Indian River County, Florida, on this 29th <br />day of September, 1987. <br />16 <br />