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BOOK PAGE <br />My staff and I are available to provide the supporting documentation necessary for your <br />review or to meet with you and your staff. I am also enclosing a copy of the current final <br />_ year budget for our Utilities. <br />Thank you for your interest in this matter of mutual concern. <br />Sincerely, <br />L.� O <br />oel ford <br />City Manager <br />Commissioner Adams asked about potential costs, and Director <br />Pinto responded that there would be several phases of cost. We <br />must analyze the bond issued through the City of Sebastian, which <br />will involve our budget department and bond counsel. Some <br />engineering is required to redesign our system and review the <br />Utilities Master Plan, which will be done by staff. He estimated <br />the cost would be approximately $100,000. <br />Commissioner Macht asked, and Director Pinto responded that he <br />believed it would be in the best interests of Sebastian and the <br />County for us to reassume the franchise, and he felt it can be done <br />without hurting the existing customers of the utility systems. <br />Administrator Chandler noted that the significant issue will <br />be the terms of the bond. We also must look at the cost and <br />condition of the existing system, along with any commitments or <br />liabilities. We simply do not know the various aspects, and we <br />must have our bond counsel, among others, review the debt aspect. <br />Commissioner Bird preferred to perform the analysis and fact <br />finding in stages to avoid making a major commitment of money. He <br />felt it would be in everybody's best interest to consolidate that <br />water treatment plant into our overall system, but we want it to <br />work for the benefit of the citizens of north county, the City of <br />Sebastian, and the existing customers of our utility system. <br />Commissioner Eggert'noted that the review of the bond must be <br />done in the early stage.. <br />Commissioner Macht wanted a commitment from the City of <br />Sebastian_ before we make any large manpower or financial <br />commitment. All we have at this point is Mr. Koford's letter, and <br />he preferred to have something more positive and definitive. <br />Commissioner Bird pointed out that we have a letter signed by <br />the City Manager authorized by the Sebastian City Council. <br />Chairman Tippin indicated that staff could be directed to <br />proceed to review the legalities as step one. <br />50 <br />November 1, 1994 <br />