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Information Item <br />INDIAN RIVER COUNTY, FLORIDA <br />DEPARTMENT OF UTILITY SERVICES <br />Date: September 8, 2014 <br />To: Joseph A. Baird, County Administrator <br />From: Vincent Burke, P.E., Director of Utility Services <br />Prepared By: Cindy Corrente, Utilities Finance Manager(' <br />Subject: <br />Elimination of the Rate Equalization Charge in the Non -Unincorporated <br />areas of Indian River County <br />DESCRIPTIONS AND CONDITIONS: <br />On March 4, 2014, The Board of County Commissioners (BCC) adopted Resolution 2014-020 which <br />eliminated the rate equalization charge on water and sewer bills for customers in the non - <br />unincorporated areas of the County. <br />ANALYSIS: <br />In 1995, the BCC adopted Resolution 95-16 which created a rate equalization charge of 6%, being <br />comparable to the franchise fee that was charged to water and sewer customers in the unincorporated <br />areas of the County, to be added to the total water and sewer charges in the non -unincorporated areas <br />of the County. On March 4, 2014, the BCC voted to approve Resolution 2014-020 which eliminated this <br />rate equalization charge. The effective date of this change is October 1, 2014. This elimination of the <br />rate equalization charge for the non -unincorporated parts of the county will benefit approximately <br />10,500 water and sewer customers. <br />FUNDING: <br />The County's General Fund Revenues will be reduced by approximately $200,000.00 as a result of this <br />change. <br />Description <br />Account Number <br />Amount <br />Fees — Water & Sewer <br />001032-323300 <br />$200,000.00 <br />Attachment: Resolution 2014-020 <br />APPROVED FOR AGENDA: ,,� <br />By: / �f1a ;�=C/1.� <br />cC' <br />Jose lih A. Baird, County Administrator <br />For: L) day <br />Date <br />Indian River Co. <br />Approved <br />Date <br />Administration <br />(IPa <br />Vi //Pi <br />Legaltil <br />% I <br />Budget <br />( I <br />q <br />Utilities <br />�v� a <br />1 �� <br />Utilities -Finance <br />Cr.{ <br />q -Y'19 <br />2 <br />