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1989-042
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1989-042
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Last modified
6/25/2021 1:27:48 PM
Creation date
2/4/2021 9:51:33 AM
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Resolutions
Resolution Number
1989-042
Approved Date
04/27/1989
Subject
Water & Sewer Revenue Refunding Bonds, Series 1989 - $6,510,000 aggregate
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per month and the volume charge is $2.86 per 1,000 gallons of water <br />consumption. Since February 1, 1987 a 6% surcharge has been added <br />to the current monthly charge. In addition, customers of the NBWC <br />System are charged up to an additional $13.00 surcharge per ERU per <br />month. <br />Outstanding Debt <br />As of February 28, 1989, there was an aggregate of $21,978,200 <br />principal amount of indebtedness of the County outstanding in <br />connection with the System, consisting of (i) $8,878,200 outstanding <br />principal amount of the Original Bonds, (ii) $9,200,000 outstanding <br />principal amount of the 1986 Anticipation Notes, and <br />(iii) $3,900,000 principal amount of 1988 Anticipation Notes. <br />Selected Financial Data <br />The following table sets forth selected financial data for the <br />System for the Fiscal Years ended September 30, 1984 through <br />September 30, 1988. The data has been derived from the Water and <br />Sewer System Fund and are summaries of (i) audited financial <br />statements for the Fiscal Years ended September 30, 1984 and <br />September 30, 1985 which were examined and reported on by May Zima <br />Co., Daytona Beach, Florida, which was acquired by Arthur Young & <br />Company in 1986, (ii) the audited financial statements for Fiscal <br />Year ended September 30, 1986 examined by Arthur Young & Company, <br />Daytona Beach, Florida, and (iii) the audited financial statements <br />for Fiscal Years ended September 30, 1987 and September 30, 1988 <br />audited by Coopers & Lybrand, Orlando, Florida. <br />19 <br />
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