Subject:
Title
Ordinance to sunset the Barefoot Bay Water & Sewer District at the end of 2029, while honoring any existing contractual obligations and commitments of the District.
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Fiscal Impact:
The final debt payments for the Barefoot Bay Water & Sewer District will be paid by December 1, 2029. Upon the dissolution of the Barefoot Bay Water & Sewer District, all district funds and all water and sewer accounts will be transferred to the Brevard County Utility Services Department.
Dept/Office:
Utility Services Department
Requested Action:
Recommendation
It is requested that the Board of County Commissioners hold a public hearing and consider adopting an ordinance providing for the dissolution of the Barefoot Bay Water & Sewer District, and the continuation and administration of the District's existing contractual obligations.
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Summary Explanation and Background:
At the March 23, 1999, Board meeting, the Board of County Commissioners approved Ordinance 99-17, creating the Barefoot Bay Water and Sewer Utility District (the District), a dependent special district governed by the Board of County Commissioners, with the Brevard County Utility Services Department (the Department) responsible for district service operations. The outstanding debt associated with the District are the Revenue Bond Series 2009A and the Utility Refunding Revenue Note, Series 2018, with their last payments due by December 1, 2029, and October 1, 2029, respectively.
As a dependent special district, all revenue generated by the District must be spent on the District. Utility fees collected outside the District in the countywide system cannot be used within the District. The current District utility infrastructure is already operating beyond its intended useful life. The state's enactment of new and additional environmental laws and regulations makes it increasingly difficult for the Department to operate the Barefoot Bay Water and Sewer Utility.
The existing Barefoot Bay water ...
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