Item Coversheet

5919 MAIN STREET .  NEW PORT RICHEY, FL 34652 . 727.853.1016


TO:City of New Port Richey City Council
FROM:Robert M. Rivera, Public Works Director
DATE:10/3/2018
RE:Orangewood Lake Utility Services – Valuation Analysis - Page 35

SUMMARY:

As City Council is aware, the City purchased three private utilities in 2017.  During the acquisition process the owner of Orangewood Lake Utility Services approached the City with an inquiry to purchase the private utility as well.  Preliminary site visits from staff began in 2016 and continued with site visits from the City’s Utility Consultant McKim & Creed.  Subsequent to the site visits, a task order was executed between the consultant and the City to begin a utility valuation analysis to determine the feasibility of purchasing the Orangewood Lake Utility System.  The purpose of this work session is to present to City Council staff’s findings, conclusions, and recommendations.




REQUESTED ACTION:

The recommendation of staff for City Council, is to allow staff to execute a notice of intent with the utility owner for the possible purchase of the Orangewood Lake Utility Services.

ATTACHMENTS:
DescriptionType
UT Valuation Cover MemoBackup Material
Orangewood Lakes UT Valuation AnalysisBackup Material