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01/10/2017 (2)
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01/10/2017 (2)
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Last modified
10/23/2017 3:48:32 PM
Creation date
2/21/2017 1:38:05 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
01/10/2017
Meeting Body
Board of County Commissioners
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Management District through a consumptive use permit that expires in 2031. Management believes <br />"current supply sources will be capable of meeting the county's long-term demand through at least <br />2030. <br />Wastewater is treated at one of four regional treatment plants, with a combined current treatment <br />capacity of 12.9 mgd. Average daily flow for the system is just 4.5 mgd, leaving plenty of <br />treatment capacity to meet future growth. Effluent is treated to 100% re -use standards, and as a <br />result the county does not expect to face significant capital or other regulatory compliance costs <br />related to numeric nutrient mandates for effluent discharged into local surface water. <br />STABLE LOCAL ECONOMY <br />The county's economy continues to see improvement following the economic downturn, <br />categorized by higher consumer spending and increases in tax rolls, sales tax and building permit <br />revenues, and a decline in foreclosure rates. The county's unemployment rate has declined to <br />6.5% as of October 2016, yet remained higher than that of the state (4.8% as of November 2016) <br />and nation (4.4% as of November 2016). Finally, the county's MITI is on par with the state and <br />just over 10% below the national average. However, individual poverty rates are slightly more <br />favorable than the state and nation. <br />Contact: <br />Primary Analyst <br />Julie Garcia Seebach <br />Director <br />+1-512-215-3743 <br />Fitch Ratings, Inc. <br />111 Congress, Suite 2010 <br />Austin, TX 78701 <br />Secondary Analyst <br />Eva Rippeteau <br />Director <br />+1-212-908-9105 <br />Committee Chairperson <br />Dennis Pidherny <br />Managing Director <br />+1-212-908-0738 <br />Media Relations: Elizabeth Fogerty, New York, Tel: +1 (212) 908 0526, Email: <br />elizabeth.fogerty@fitchratings.com. <br />Additional infonnation is available at 'www.fitchratings.com'. <br />Applicable Criteria <br />Revenue -Supported Rating Criteria (pub. 16 Jun 2014) <br />https://www.fitchratings.com/site/re/750012 <br />U.S. Water and Sewer Revenue Bond Rating Criteria (pub. 30 Nov 2016) <br />https://www.fitchratings.coln/site/re/890402 <br />ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS <br />AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTPS://WWW.FITCHRATiNGS.COM/UNDERSTANDINGCREDITRATINGS. IN <br />ADDITION, RATING DEFINITTONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEB <br />P7 <br />
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