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MAY 18 1993 800w 89 562 The Board reviewed the following memo dated 5/7/93: TO: James E. Chandler, County Administrator DATE: May 7, 1993 FROM: James W. Davis, P.E., Public Works Director —F SUBJECT: Public Hearing to Consider Approval of an Ordinance of Indian River County Creating the Whispering Pines Street Lighting District REF. MEMO: James Davis to James Chandler dated Dec. 1, 1992 DESCRIPTION AND CONDITIONS During the Dec. 8, 1992 regular meeting of the Board of County Commissioners, a motion was unanimously approved by the Board to continue the Public Hearing for establishment of a Street Light District for the Whispering Pines area until staff could meet with the developer, Vero Building Corp., and FPL to determine if the developer could pay FPL for street light materials and installation. Once installed, a District would be established and the property owners within Whispering Pines would pay for electricity consumption and administrative charges for ten street lights along 21st Avenue and 22nd Avenue between 4th Street and 2nd Street. Staff has met with FPL and the developer. FPL cannot contract with the developer to furnish and install the lights. ALTERNATIVES AND ANALYSIS The original staff recommended plan was to define a street light district to include 70 lots located on both sides of 21st Avenue and 22nd Avenue. At the Dec. 8, 1992 hearing, most of the thirty-six Indian River Heights lot owners, (east of 21st Avenue and west of 22nd Ave) objected to being included in the District, and they did not want to pay the estimated $30/lot/year assessment. Eliminating these thirty- six lots will reduce the district to thirty-four lots (Whispering Pines only) and increase the first year assessment to $56.59/lot/year and $47.47/lot/year thereafter. To reduce this cost, the developer is agreeable to paying the first year initial 20% energy cost reserve of $310 in addition to two years of additional cost at $254/year for a total of $818. This contribution by the developer will reduce the yearly assessment for the first two-year period to $35.44/lot/year, if the District only includes thirty-four lots. Yearly assessments thereafter will be approximately $48.94/lot per year, based on the existing FPL rate structure. FPL will furnish and install all lighting, as usual. The alternatives presented include: Alternative No. 1 Accept the developer's contribution of $818 and approve a Street Light District for only the Whispering Pines Subdivision, thereby eliminating all of Indian River Heights from the district. The cost per year for the first two years is $35.44 per lot. Yearly cost thereafter will be $48.94 per --lot. 21