HomeMy WebLinkAbout1977-090RESOLUTION NO. 77-90
WHEREAS, there exists in the Gifford Area deplorable
water and sewer conditions; and
WHEREAS, in the public interest all parties involved must
cooperate in order to solve the utility problem by providing
treated water and sewer services to the people of Gifford; and
WHEREAS, in the interest of meeting and serving the needs
of the residents in the Gifford Area, Indian River County extends
the following proposal to U.D.U. and Farmers Home Administration:
(1) Indian River County will purchase the existing water
and sewer facilities owned by U.D.U. (Urban Development
.Utilities, Inc,) for a purchase price of SEVENTY FIVE
THOUSAND ($75,000.00) DOLLARS (free and clear of all en-
cumbrances), with additional funding from Indian River
County subsequent to .(a) Farmers Home Administration issuing,
a grant to Indian River County for approxiately FOUR HUNDRED
TWENTY SEVEN THOUSAND FIVE HUNDRED ($427,500.00) DOLLARS;
(b) Farmers Home Administration loaning to Indian River County
both by guarantee of short-term or interim financing and a
subsequent bond issue of approximately FOUR HUNDRED TWO
THOUSAND FIVE HUNDRED ($402,500.00) DOLLARS: and (c) approval
by EDA of grant funds of approximately THREE HUNDRED SIXTY
FIVE THOUSAND ($365,000.00) DOLLARS.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COM-
MISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that upon approval of
grant funds from Farmers Home Administration in the amount of ap-
proximately FOUR HUNDRED'TWENTY SEVEN THOUSAND FIVE HUNDRED ($427,500,00)
DOLLARS and loan funds from Farmers dome Administration in the
approximate amount of FOUR HUNDRED TWO THOUSAND FIVE HUNDRED
($402,500.00) DOLLARS, Indian River County will purchase the U.D.U.
sewer and water assets, free and clear of all encumbrances and
thereafter upgrade and provide sewer and water facilities and service
as they exist and as to be expanded to the residents in the Gifford
Area; and
BE IT FURTHER RESOLVED, that the residents in the Gifford
area will initially benefit by the County's proposal to the extent
of approximately ONE MILLION TWO HUNDRED SEVENTY,THOUSAND ($1,270,000,00)
DOLLARS in improvements and expansion to both sewer and water facilities
determined as follows:
PURCHASE PRICE $ 75,000.00
FmHA GRANT TO COUNTY 427,500.00
FnHA LOAN TO COUNTY 402,500.00
EDA GRANT 365,000.00
TOTAL $10270,000.00
SUMMARY:
TRANSMISSION LINES AND
STORAGE TANK $ 670,000.00
IMPROVEMENTS AND EXTENSIONS
WITHIN GIFFORD AREA 525,000.00
PURCHASE PRICE ... 75.000.00
TOTAL $1,270,000.00
. BE IT FURTHER RESOLVED, that the clear intent of this
Resolution is to solve a severe social and health problem within
Indian River County through the cooperation of all involved parties
and agencies.
This Resolution shall become effective as of the 2nd
day of September , 1977.
BOARD OF COUNTY COMMISSIONERS OF
INDIAN RIVER COUNTY, FLORIDA
By
Will' -am Wo [ke,
Chairman
ATTEST:/ Q)�
Freda Wright
Clerk