Loading...
Agenda 02/27/2018 Item #16C 602/27/2018 EXECUTIVE SUMMARY Recommendation to approve a Resolution re-affirming authorizing the closing of the acquisition of the Real and Personal Property constituting the Golden Gate City System owned by the Florida Governmental Utility Authority by Collier County Water Sewer District. OBJECTIVE: To acquire the assets of the Golden Gate City System from the Florida Governmental Utility Authority (FGUA) and to re-affirm the implementation of Collier County Water-Sewer District (CCWSD) user rates for water, wastewater and irrigation quality water services. CONSIDERATIONS: At the June 27, 2017 Board of County Commissioners (Board) meeting, item 11D, staff was authorized to initiate the final due diligence process to acquire the utility serving Golden Gate City from FGUA. They found that the provision of Water and Wastewater utility services in the Golden Gate Community by the County constitutes a public purpose and is in the best interests of the health, safety and welfare of the County and its inhabitants. At the November 14, 2017 meeting of the Board, agenda item 9B, the Board approved Resolution 2017- 222, finding the acquisition to be in the public interest, approving the financing for the acquisition, and to take further steps necessary to close on the acquisition. After due consideration of the facts and circumstances involved in this acquisition, as revealed by the County’s due diligence and having held the required hearing and passed necessary resolution regarding the analysis and financing of the acquisition, the Board re-affirms the authorization of the Chair, Vice- Chair or their designees to sign all instruments reasonable and necessary to close the acquisition, including, but not limited to, necessary financing and title conveyance documents. At the January 23, 2018 meeting of the Board of County Commissioners, agenda item 11H, the Board approved Resolution 2018-20 authorizing the issuance of not exceeding $43,000,000 Aggregate Principal amount of a Collier County Water-Sewer District Water and Sewer Revenue Bond, Series 2018 to finance the acquisition of certain Water and Wastewater Utility Facilities of the Golden Gate System. This Resolution shall take effect immediately upon its adoption for the current FGUA utility service area to be absorbed into and thereby expand the Collier County Water-Sewer District’s service areas. FISCAL IMPACT: There is no fiscal impact associated with this action. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is approved as to form and legality, and requires majority vote for approval.--SRT GROWTH MANAGEMENT IMPACT: This project meets current Growth Management Plan standards to ensure the adequacy and availability of viable public facilities. RECOMMENDATION: That the Board of County Commissioners, Ex-officio as the Governing Board of the Collier County Water-Sewer District, hereby re-affirms and authorizes the Chair, Vice-Chair or their designees to approve the closing of the acquisition of the Real and Personal Property constituting the Golden Gate City System currently owned by FGUA to provide Water and Wastewater services in Golden Gate City, Collier County, Florida. Prepared By: Joe Bellone, Director, Financial Operation Support Division 16.C.6 Packet Pg. 861 02/27/2018 ATTACHMENT(S) 1. Resolution 2018 Water-Sewer District 020218 (PDF) 16.C.6 Packet Pg. 862 02/27/2018 COLLIER COUNTY Board of County Commissioners Item Number: 16.C.6 Doc ID: 4830 Item Summary: Recommendation to approve a Resolution re-affirming authorizing the closing of the acquisition of the Real and Personal Property constituting the Golden Gate City System owned by the Florida Governmental Utility Authority by Collier County Water Sewer District. Meeting Date: 02/27/2018 Prepared by: Title: – Public Utilities Department Name: Heather Bustos 02/12/2018 8:32 AM Submitted by: Title: Department Head - Public Utilities – Public Utilities Department Name: George Yilmaz 02/12/2018 8:32 AM Approved By: Review: Public Utilities Operations Support Joseph Bellone Additional Reviewer Completed 02/12/2018 8:37 AM Public Utilities Department Heather Bustos Level 1 Division Reviewer Completed 02/12/2018 8:56 AM Public Utilities Department George Yilmaz Level 2 Division Administrator Review Completed 02/12/2018 1:12 PM County Attorney's Office Scott Teach Level 2 Attorney Review Completed 02/14/2018 10:50 AM Public Utilities Operations Support Joseph Bellone Additional Reviewer Completed 02/14/2018 10:56 AM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 02/15/2018 9:36 AM County Attorney's Office Scott Teach Level 3 County Attorney's Office Review Completed 02/16/2018 9:47 AM Budget and Management Office Mark Isackson Additional Reviewer Completed 02/16/2018 11:56 AM County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 02/19/2018 12:38 PM Board of County Commissioners MaryJo Brock Meeting Pending 02/27/2018 9:00 AM 16.C.6 Packet Pg. 863 16.C.6.a Packet Pg. 864 Attachment: Resolution 2018 Water-Sewer District 020218 (4830 : Resolution Authorizing Closing of Acquisition for Golden Gate System 16.C.6.a Packet Pg. 865 Attachment: Resolution 2018 Water-Sewer District 020218 (4830 : Resolution Authorizing Closing of Acquisition for Golden Gate System 16.C.6.a Packet Pg. 866 Attachment: Resolution 2018 Water-Sewer District 020218 (4830 : Resolution Authorizing Closing of Acquisition for Golden Gate System