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Honorable Chairman and Board of County Commissioners 9/16/91 Page 34 and pay to the County a one-time fee for the lost revenue that will occur should the City provide, or allow others to provide, sewer service to any septage customers of the County, including those residing within the City. This one-time fee is set initially at $300 per equivalent residential unit (ERU) and will be reduced by $15 per year over a 20 -year period. Revenues will also be generated from an annual estimated charge of $325 for each active grease trap in the County. The County anticipates the adoption of an ordinance in the near future which will set forth rates and charges for grease. Therefore, for conservatism, grease revenue equals half of the projected number of grease traps as shown previously in Table 2 multiplied by the $325 annual charge. Table 10 assumes that implementation of the charges does not commence until the middle of Fiscal Year 1993 when the Regional Sludge Facility is placed into service. By deducting the revenues anticipated from septage and grease. the net revenue requirements remaining, which are attributable to sludge. are determined. The mechanism for recovery of the costs associated with sludge will be through a portion of the uniform fees and wastewater user charges levied on County wastewater service customers. The April 1, 1991 "Indian River County Water and Wastewater Fee and Rate study Report", prepared by another consultant, estimated total costs associated with the Regional Sludge Facility as approximately $1,037,000 in Fiscal Year 1993. The increase in the wastewater user charges adopted by the Commission incorporates recovery of these costs. Table 11 presents the summary of projected revenues, expenses, net revenues and debt service. Commencement of operations, and the resultant operating and debt service costs, are anticipated in the middle of Fiscal Year 1993. M.VRB2/5