8/7/1990 - Laserfiche WebLink

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Bou ".) The agreement 'proposed' -by CWS would modify the May 9, 1989, agreement as follows: 1. For a period of ten years from the date of the new agreement, all water and sewer impact fees charged to each equivalent residential unit (ERU) at Village Green shall increase annually no more than the ?hange in _the United States Department of Labor Consumer Price Index, U. S. City Average, All Urban Consumers. The base amount used for this calculation shall be the current impact fees recommended by CH2M Hill, 800 Fairway Drive, Suite 350, Deerfield Beach, Florida 33441, in their study of Indian River County sewer and water impact fees, rates, and other utility concerns. Such study is expected to be completed in the fall of 1990. 2. At any time during the ten year period, CWS may notify Indian River County of its intent to pay off all remaining unpaid water and sewer impact fees for each equivalent residential unit (ERU) at the then -current water and sewer impact fees and have six months to make this lump -sum payment. 3. This agreement is effective if, and only if, CWS purchases the community before September 30, 1990. RECOMMENDATION The Department of Utility Services recommends the approval and authorization to execute the proposed agreement provided the following amendments are made: 1. The time period should be reduced from ten years to seven years. (The present contract allows twelve years.) 2. The annual increase in impact fees should be based on the annual increases established by the Engineering News Record rather than the C.P.I. 3. CWS can pay off the debt:at any time without notice, but the fee will be whatever it is up to the date of payment. ON MOTION by Commissioner Bowman, SECONDED by Commissioner Bird, the Board unanimously (4-0, Commissioner Scurlock being absent) approved staff's recommendation asset out in the above memo. AGREEMENT WILL BE PLACED ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD WHEN PROPERLY EXECUTED AND RECEIVED 40