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BOOK 94 PACE 650 ANALYSIS Design of the water distribution system is complete. Approval of the attached Resolution III will confirm and approve the preliminary assessment. Informational meetings were held for the property owners on March 6 and March 8 at 7:00 p.m. in the County Commission Chambers. The attached map displays the area to benefit from the assessment project. The project will generally serve the following described areas: Unit 2 Portions of Block 19 and 27 --Sunset Drive SW, 18th Place SW, to just north of 21st Street SW Unit 3 All or portions of 17th Street SW to 19th Street SW Blocks 72 through 78, between 6th and 8th Avenues SW Unit 4 All or portions of Blocks 139 through 156 --17th Street SW to 21st Street SW --12th Avenue SW to 20th Avenue SW Unit 5 All or portions of Blocks 79 through 90 --17th Street SW to 19th Street SW --8th Avenue SW to 12th Avenue SW The above development includes 759 of the Vero Highlands lots including three nonplatted acreage parcels, which are without water service. There are 697 parcel I.D. numbers. Typical lot sizes in this project average .23 acre. Lots in this project are substandard or "undersized," according to Indian River County's Comprehensive Plan and the County Public Health Unit, Division of Environmental Health, which require that new lots utilizing well and septic systems be a minimum of one-half acre. Lots not meeting these minimum standards are called "undersized lots." This project is to be paid through the assessment of property owners along the proposed water line route. In the interim, financing will be through the use of impact fee funds. Engineering design services for this project have been completed by the Department of Utility Services staff. The total estimated project cost and amount to be assessed is $942,498.35. The total estimated cost per square foot is $0.108738. RECOMMENDATION The staff of the Department of Utility Services recommends that the Board of County Commissioners approve the attached Resolution III. Manager of Assessment Projects, James D. Chastain, reviewed the Memorandum for the Board and advised that two-thirds of Vero Beach Highlands already has water service. This remaining portion will complete the water service. The estimated cost for the project is $992,498.35 which is a very reasonable estimate. Commissioner Eggert questioned the quality of the water presently available to the residents, and Mr. Chastain responded that it is reportedly substandard although some residents feel it is satisfactory. He felt that from the vast majority of calls received, most residents are in favor of the project. Construction in the area has been very vigorous; there are at least 250 homes there now; and the area is growing rapidly. MARCH 21, 1995