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r JAN 12 1988 BOOK 70 Fri IF 559 TO: Board of County Commissioners (2)4A32X(7 FROM: Charles P. Vitunac, County torney DATE: January 4, 1988. RE: AGREEMENT between INDIAN RIVER COUNTY and CITY OF VERO BEACH re: TRANSFER OF UTILITY SERVICE AREA ADJACENT TO RYANWOOD SHOPPING CENTER/BOARD MEETING JANUARY12, 1981 The County and the City of Vero Beach are presently working on redefining their ultimate territorial boundaries for water and sewer service. Until this project is completed and the final boundaries are determined, certain adjustments will have to be made from time to time. The attached agreement is one of these adjustments. This agreement will transfer the defined territory to the City's service area. I respectfully request permission from the Board of County Commissioners to have the Chairman execute this agreement on behalf of the County. The agreement will then be sent to the City for its execution. The Chairman realized we want to square these service areas off in a logical fashion, but wished to be sure we have done an analysis of the economic impact of shedding these customers. Director Pinto assured him if we actually did serve this area, we would not be able to recover our investment for twenty years, and it would be an extraordinary cost to those who live there to pay for the service. ChairmanScurlock wished to make certain we are not shedding Ryanwood, and Director Pinto confirmed that Ryanwood Shopping Center and the adjoining property north on King's Highway will be carved out because we already have an investment there. The subject area is only on the north side of SR 60 east of Ryanwood. ON MOTION by Commissioner Bird, SECONDED by Commis- sioner Wheeler, the Board unanimously approved an agreement with the City of Vero Beach re the above described utility area east of Ryanwood. SAID AGREEMENT WILL BE MADE A PART OF THE RECORD WHEN RECEIVED. (Note:Made a part of Minutes of 1/19/88) 22