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This agreement is fair to all participants. It carries with it the pledge to pay Indian River County's part of <br />the maintenance and necessary upgrades of the system. It provides for sharing of costs and revenues based <br />on percentage of ownership by section. The agreement includes a provision for a review of the agreement <br />within one year of operation. <br />This agreement has been approved by both the City Council of Vero Beach and the Indian River School <br />District. <br />RECOMMENDATION: <br />Approve the document as proposed by staff and reviewed by the County Attorney's Office. <br />General Services Director Thomas W. Frame advised that Telecommunications <br />Manager Terry Smith, Joe Demarzo, and Vero Beach Assistant City Manager Jim Burgent <br />were in the audience and Mr. Smith would give them a visual presentation concerning the <br />joint fiber optics project. <br />Telecommunications Manager Terry Smith gave a comprehensive presentation which <br />included samples of fiber optic cable, how it works and why it works, along with the history <br />of Indian River County usage of fiber optics. He described the county -wide agreement with <br />the City of Vero Beach and the Indian River County School District, indicated the locations <br />of towers, the routes and maps, and told what could be accomplished in the future with fiber <br />optics. <br />Mr. Smith submitted that the system is affordable and approval of the agreement <br />would be an economically sound decision. He estimated it would begin to pay back in three <br />years and the savings would continue to increase with time. He requested the Board approve <br />the interlocal agreement and confirmed it would be reviewed after the first year. <br />Chairman Macht believed this to be an important project and cited it as an early <br />success of the Council of Public Officials. He expressed thanks to the City of Vero Beach <br />for their early cooperation. <br />County Attorney Vitunac advised that this is an offshoot of NATOA (National <br />Association of Telecommunication Officers of America) which Chairman Macht has been <br />December 7, 1999 <br />85 <br />• <br />r ', <br />L„ <br />BOOK ill NUE � .� <br />J <br />