10/24/1989 - Laserfiche WebLink

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,OCT24`d BOOK • rV FA ,,,A 9 RESOLUTION 89-135 IS ON FILE IN THE OFFICE OF CLERK TO THE BOARD IN ITS ENTIRETY. Utilities Director Pinto confirmed the difficultyinvolved with working out this bond issue. He wanted everyone to understand that while this is probably the end of the financing part of the project, it is the beginning of the project itself and we have a long road ahead of us. This is only the core system. There is probably another 10 million worth of expansion that will take place in the North County area in utilities just to connect to this system. Director Pinto stressed that his staff, Director Baird's staff, and Attorney Vitunac's staff, have many, many hours in this project. He thought what we have in Indian River County that he sees missing throughout the industry, are people who are willing to step forward and willing to make a decision to take the risk, and he very much appreciated the support of the Administrator and the Commission to bring this all about. Vice Chairman Eggert noted that this project going into the North County is so very important, especially as related to affordable housing, attracting businesses, etc. Commissioner Scurlock commented, in re expansion of utilities, that there was a small fire up in Summerplace the other day, and he had a number of phone calls from those who are even more interested in getting water, not just for drinking but for fire protection as well. He believed we will see more and more participation from the community and just wondered if we are going to be able to move fast enough to do all we need to do. Utilities Director Pinto noted that mainly with expanding utilities, the problem is financing, but without utilities, you stifle development. OMB Director Baird felt the Board also deserves some credit. He believed one of the reasons the bonds sold at a good rate is 56