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ORDINANCE NO, — 89.2
AN ORDINANCE OF INDIAN RIVER COUNTY,
FLORIDA, A_D_O_PTING A SPECIAL SURCHARGE
RATE FOR THE PROVISION OF WATER BY THE
INDIAN RIVER COUNTY UTILITIES DEPARTMENT
TO THE CUSTOMERS IN THE AREA FORMERLY
SERVED BY THE NORTH BEACH WATER COMPANY,
BE 1-T ORDAIRED —bylndiafiR-i*er Counzy�, —aeti-ng—through
its Board of County Commissioners, that:
SECTION 1. SURCHARGE ESTABLISHED
There is hereby established a special surcharge on the
monthly water utility bill of the customers of the former
North Beach Water Company franchise territory which
surcharge shall not exceed an additional $13 per month per
equivalent residential unit (ERU) over and above the County
water utility rate.
SECTION 2, SURCHARGE LIMITS
The surcharge shall not exceed $13 per ERU per month
for five years from December 1, 1988. After December 1,
1993, the surcharge may be adjusted upward to an amount'
certified by the —C-ounty-`-s—financ-i-I advis-o7r`t—o be necessary
to fund the debt service on the bonds issued to purchase the
North Beach Water Company.
SECTION 3. TERMINATION OF AUTHORITY FOR SURCHARGE
The authority for the surcharge authorized by this
ordinance shall,expire when the long-term bonds have been
paid, which bonds are to be issued within the next five
years to retire the bond anticipation notes used to purchase
the North Beach Water Company.
Approved and adopted by the Board of County
Commissioners of Indian River County, Florida, on this 3rd
day of -- January —, 19$9.
This ordinance was advertised in the Vero Beach Press
Journal—on the-122th day—o DeS��j�L---' 1988, for—a
public hearing to be held on the —3rd-- day of _January —
1988, at which time it was moved for adoption by
Commissioner Eggert seconded by Commissioner
Scurlock and adopted by the followinq vote:
SmeadSoft Reprint Date: Monday, August 12, 2013 - 12:14:21 - OfficialDocuments:683, Attachment Id 0, Page 1
. .a
NO. 89-2
Chairman Gary C. Wheeler Aye
Vice Chairman Carolyn K-. Eggert Aye
Commissioner Margaret C. Bowman Aye
Commissioner Richard N. Bird Aye
Commissioner Don C. Scurlock, Jr. Aye
BOARD OF COUNTY COMMISSIONERS
INDIAN RIVER COUNTY, FLORIDA
Attest;. i, By
f � U
Chairman
At know 'Iedgme;,nt by the Department of State of the State of
Florida ;this 9th day of _�anur, 1989.
Effective'Date: Acknowledgment from the Department of State
r-ecti_ved on_ thi-512_tL—_ dayof __ __ 1989, at
9:30 a,m.lp,m . and filed in thf.
fice o#�e Clerk to
the--9oa7—doT—County Commissioners of Indian River County,
Florida.
smeadsoft Reprint Date: Monday, August 12, 2013 - 12:14:21 - OfficialDocuments:683, Attachment Id 0, Page 2