Lindrick utility system acquisition closing documents

47:28Sixty.

47:31Right, good morning. Justin Grant, Director, Public Infrastructure, Fiscal and Business Administration. There is a revision for this item UT 220396 Attachment 6 has been replaced and distributed to the clerk and board members prior to the meeting. UT 220396 is the closing documents for acquisition of the Lindrick utility system, assignment and assumption of easements, assignment and assumption of service agreements, assignment and assumption of permits and governmental approvals, assignment and assumption of construction contracts between Pasco County and the City. And and

48:01the Florida Government Utility Authority, General Closing Certificate of Pasco County, Florida, directions to the trustee relating to fund transfers, and escrow closing agreement by and among Pasco County, Florida, and the Florida Government Utility Authority and neighbors Giblin and Nickerson PA twenty four million.

48:18All right. Pasco Pasco's interlocal agreement with the FGA dated March two uh of two thousand eight allows the county to purchase FGA systems from the FGA within the county boundaries. Back in February of 2019, Resolution 19101, the Board announced its intent to acquire the Pasco Aqua and Lindric Systems from the Florida Government Utility Authority known as the FGUA. Then in July of 2020, Pasco County successfully acquired the first of those two systems, the Pasco Aqua System. Then in January of 2022, we conducted

48:49a public interest hearing, transition agreement, and acquisition resolution number 22063 to authorize the use of $24 million of American Rescue Plan Act ARPA grant funds for the acquisition of the Lindric utility system. Willindric Utility System is currently owned by FUA when they took over in 2010. It's located in the southwest corner of the county, near the city of Newport Ritchie. It serves approximately 3,200 water customers and 2,700 wastewater customers and covers a square mileage, service area square mileage

49:19of around three and a quarter square miles. It has six permitted wells, 17 lift stations, and over 550 manholes.

49:27This transaction is expected to close on June 30, 2022, with the official ownership transferring to the county on July 1st. This will include all the utility assets, liabilities, properties, and easements. Lindure customers will will be fully transitioned to county rates effective July 1st, and it's notable that there'll be an average of nearly forty-two percent reduction in the average monthly bill uh for those customers. Also notable, back in October of 2021, Pasco County received uh $3.8 million from FDEP for the Landrick

49:57area sewer system and water quality upgrades. The FGA and Pasco County have been working diligently on this grant, and approximately 55 percent of the work has been completed. Upon transition, Pasco County will complete the remaining work associated with the grant. Summary recommendations associated with this item is to approve the closing documents including assignments and assumptions, general closing certificate, the directions to the trustee, and the escrow closing agreement. Furthermore, authorized twenty four million. for payment for acquisition

50:28at the Landric Utility System. Pursuant to the terms and conditions outlined in the agreement, March 28, 2008, Fasco County will use any remainder towards a first-year planned capital improvements and renewal and replacement projects. Final steps as stated in the memo before you is to approve staff's recommendations, authorize the chairman, officers, and attorneys of the county to execute any revisions that may be required by the transition agreement or otherwise facilitate the closing, and request the clerk to approve and execute the clerk's certificate regarding the resolution and transition agreement.

51:03Madam Chairman Mariano John, you've done a phenomenal job. Uh Mike with the team to to make this happen has been a a major, major achievement.

51:15And from the utility water problems we had from many, many years ago between bad water quality, bad service, uh the FGA was the Chosen role that the board had picked to uh step into, but getting these systems into the county system is so much better. I mean that forty one percent reduction in rates. is is phenomenal. The better of consolidation with the uh helping with density of these projects getting closer and closer is good for us. Uh to see you guys pull off this one as well and Commissioner Starkey, your diligent work up in Tallahassee uh helped take

51:45a lot of the funding pressure off the whole system. So uh I want to congratulate the board, congratulate you guys for for bringing this thing forward.

51:52Thank you. They've been uh working in the neighborhood sleeving all the uh leaking pipes since I don't know, uh maybe for six months now I think. We start earlier the spring. But see the trucks at every day. Um when will so right now we're on those wells. The lender system is out there still is on the wells. When will when do you anticipate it being able to be the county water.

52:21So there is a five year capital plan built into this acquisition and switching those uh those wells off and put pushing us to regional supply is part of that. I can have the team give a more detailed briefing on what the capital implementation plan is. Right now we want to make sure that the highest liability items, i.e. the sewage and those issues, are taken care of first, but it is part of the plan.

52:42So do we have um any uh threat of saltwater intrusion since we're on the coastline over there with wells?

52:51I'm not familiar with with exactly what the water quality issues are with the wells, but needless to say we we need to get off coastal wells and and switch to regional supply.

53:02Okay. All right. Thank you. Um Forty forty two percent, that's just huge. More approval.

53:10Second.