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r <br />JUN 13 1989 <br />GOOK 7 7 FtquE 88, <br />Financial Analysis of Florida Land Company Proposal Agreement <br />Present Value of 155 Connections <br />155 ERU's @ $1,140.00 (current Impact Fee) $176,700.00 <br />Note Obligation: <br />Present Value of 60 Connections/Bent Pine <br />60 Connections @ $1,500.00 each 90,000.00 <br />Total Current Value $266,700.00 <br />Proposed Purchase Price $125,000.00 <br />Estimated Gross Value to be received $141,700.00 <br />by County above Purchase Price <br />Proposed Purchase Price $125,000.00 <br />Less: Amount Due County under <br />Guaranteed Revenue obligation $ 18,468.44 <br />Less: Amount of Garnishment $ 2,359.68 <br />Net Amount to be expended $104,171.88 <br />ON MOTION BY Commissioner Scurlock, SECONDED by Com- <br />missioner Bird, the Board unanimously approved the <br />Agreement of Settlement with Florida Land Company and <br />Bent Pine Utility Co. and authorized execution of <br />same as recommended by staff. <br />SAID AGREEMENT IS ON FILE IN THE OFFICE OF CLERK TO THE BOARD. <br />=I <br />88 <br />;;j <br />