7/14/1992 - Laserfiche WebLink

Home Browse Search

J-0 0 i 14'r �i DATE:. JULY 1, 1992 TO: JAMES E. CHANDLER COUNTY ADMINISTRATOR FROM: TERRANCE G. PINTO DIRECTOR OF UTILITY S VICES PREPARED WILLIAM F. MCCAI AND STAFFED CAPITAL PROJECTS WEER BY: DEPARTMENT OF UTILITY SERVICES SUBJECT: CLOSURE OF SEXTON DEVELOPER'S AGREEbfflNT SEXTON PROPERTIES OF VERO BEACH, INC. On April 3, 1990, the Indian River County Board of County Commissioners approved a developer's agreement with Ralph Sexton of Sexton Properties of Vero Beach, Inc. (see attached). The agreement was for reimbursement due to oversizing of a water main system; details of this reimbursement are included in the agreement. ANALYSIS In -the original agreement, the amount of reimbursement was to be $10,708.00 and was to be accomplished by the rebate of 50% of all impact fees paid by Sexton and the surrounding properties. The owner has proposed to take a reduced payment of $9,267.00 (total) if the Utility Department will release funds now. Currently, the developer has been paid $1,941.00, leaving a balance of $8,767.00 out of the original agreement amount owed. If this is approved, a final payment of $7,326.00 would be made. This not only saves the County money up front, but also reduces bookkeeping and accounting over an unknown period of time (see attached letter dated June 15, 1992 from Mr. Sexton). RECOMMENDATION The staff of the Department of Utility Board of County Commissioners authorize Mr. Ralph Sexton as outlined above. Services recommends that the the payment of $7,326.00 to Imbn Finer Ga Approved Date Admin. 7 &—`Y? Segel , 3udgot Uttiitiec - � oZ Flick Mgr. ON MOTION by Commissioner Scurlock, SECONDED by Commissioner Bowman, the Board unanimously (3-0, Commissioner Bird being absent) authorized payment of $7,326.00 to Ralph Sexton as outlined in staff's recommendation. 56