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Final Order #2023-04FINAL ORDER NO.2023-04 COLLIER COUNTY WATER AND WASTEWATER AUTHORITY A FINAL ORDER OF THE COLLIER COUNTY WATER AND WASTEWATER AUTHORITY, PURSUANT TO COLLIER COUNTY ORDINANCE NO.96-6, AS AMENDED, AND PURSUANT TO ITS RULES OF PROCEDURE, SECTIONS 2.14 (5), (6), AND (9), RESOLUTION NO. 1996-103, AS AMENDED, APPROVING A CHANGE IN AVERAGE SERVICE LIFE DEPRECIATION RATES AND RESTATEMENT OF ACCUMULATED DEPRECIATION ON SUCH ASSETS FOR AVE MARIA UTILITY COMPANY. WHEREAS, on December 14, 2021, Ave Maria Utility Company, LLLP (AMUC) completed its "Ave Maria Utility Company Condition Assessment" report as prepared by Jacobs Engineering, Inc.; and WHEREAS, on May 8, 2023, the Collier County Water and Wastewater Authority ("AUTHORITY") adopted Final Order No. 2023-01 establishing the 2023 Price Index for water and wastewater utilities operating in Collier County; and WHEREAS, on August 4, 2023, AMUC applied for a change in revenue rates, and also petitioned for a change in average service life depreciation rates and restatement of accumulated depreciation on such assets (attached hereto and incorporated herein as Exhibit "A"), in accordance with The Collier County Water and Wastewater Authority's Rules of Procedure, sections 2.14 (5), (6), and (9), of Resolution No. 1996-103, as amended; and WHEREAS, on September 18, 2023, AUTHORITY staff recommended approval of AMUC's application of the change in depreciation service. NOW, THEREFORE, BE IT ORDERED BY THE COLLIER COUNTY WATER AND WASTEWATER AUTHORITY, in public meeting assembled, that AMUC's application for a change in average service life depreciation rates and restatement of accumulated depreciation on such assets is hereby approved. This Final Order adopted after motion, second and majority vote favoring same, this 10 day of September 2023. as to form and legality: Assistant County Attorney Attachments: COLLIER COUNTY WATER AND WASTEWATER AUTHORITY B Eloy Ricardo, Chairman Exhibit "A" — AMUC's petition for a change in average service life depreciation rates and restatement of accumulated depreciation on such assets. [23-OPS-00933/1815689/11 Page 1 of 1 C