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4. A major requirement of the City of Sebastian Acquisition Agreement is the City's obligation to enact a three phase assessment program to serve approximately 9,000 parcels in the Sebastian Highlands at a projected cost of approximately $9,000,000. As the three phases are the parcels of property that aro specifically beaefrtted, they will be assessed for the pro -rata share of the costs of the project and the assessments will become a part of the revenues pledged to the Series 1996 Bonds. 1. The expansion of the South County Wastewater Treatment Plant to provide an additional 1.150 MGD of wastewater treatment capacity at an approximate cost of $6,500,000. 2 The expansion of the Central Wastewater Treatment Plant to provide an additional 1.0 MGD of wastewater treatment capacity at an approximate cost of $6,000,000. 3. The design and construction of approximately 10,700 linear feet of sewer force main along County Road 510 to connect the North Beach sewer collection system to the mainland collection system and to provide service to the developments along County Road 510 at an approximate cost of $1,500,000. 4. The design and construction of approximately 18,100 linear feet of force main and a regional wastewater pumping station to interconnect the North County Wastewater Treatment Plant and the Central Wastewater Treatment Plants at an approximate cost of $630,000. Combined System Overall, the County's goals and objectives are to design/construct new water and wastewater facilities as required in the Comprehensive Plan in the Utilities Master Plan to provide potable water and wastewater service to the greatest number of new customers as possible. The goals and objectives include expanding the existing water and wastewater facilities to serve additional developments, evaluate existing facilities and renovate as needed to improve service to existing customers, continue to acquire existing water and wastewater franchise utilities and create assessment districts to provide water and wastewater services to undersized lots throughout the County. Based on County Ordinance 91-09, it is the County's opinion that the water and wastewater rates that have been adopted are sufficient to provide the funds to complete the projects as specifically described above without increasing rates in the next several years. In the future, as the County pursues the goals and objectives that are dumbed in this paragraph, it may be required to implement water and wastewater rate increases as the County funds additional projects. LITIGATION In the opinion of the County Attorney, no legal proceedings are pending or threatened that materially affect the County's ability to perform its obligations to the holders of the Series 1996 Bonds or that materially affect the fuiancial condition of the System. In the opinion of the County Attorney, there is no litigation or controversy of any nature now pending or, to the County's knowledge, threatened to restrain or enjoin the issuance, sale, execution or delivery of the Serio 1996 Bonds or in any way contesting the validity of the Series 1996 Bonds or any proceedings of the County taken with respect to the authorization, sale or issuance of the Series 1996 Bonds or the pledge or application of any moneys provided for the payment of the Series 1996 Bonds. 25