Florida Governmental Ut¡lity Authority - FGUA

understanding that the compensation is contingent upon a successful acquisition. Staff recommended
approval of CA 8.
CAg Approval of Work Authorization No. PRMG L2-O3 with Public Resources Management Group
for Financial Due Diligence activitíes related to the Acquisition of Several Private Utilities
Located in Marion County
Provided for the Board's review and consideration was Work Authorization No. PRMG 12-03 with Public
Resources Management Group (PRMG) to provide financial due diligence services related to several private
utility systems located in Marion County, Florida. On December 20, 2OIt, the Marion County Board of
County Commissioners approved a resolution authorizing the FGUA to explore the potential acquisition of the
privately owned utility systems. Compensation will be on a time and materials basis up to the not-to-exceed
amount of $224,OO0. As usual, the due diligence efforts will be on an,r,iiat-risk" basis wíth the understanding
thatthe compensation is contingent upon a successful acquisition,,:H.oÍ,vever, since it is possible thatsome,
but not all of the eight (8) systems will be purchased, the work authoiization contemplates that the minimum
fee due to PRMG if only a portion of the systems are purchased byrthe FGUA would be $l-50,000. However,
as a practical matter, ít is highly unlikely that we would pto-ceed to a,oquire only a small number of small
systems given the potential transaction cost. Staff recornr,nended approvã!.,of CA 9.
CA 10 Ratificatíon of Amendment No. 1 to Work Authorization No. GAI :tr2-01, with GAI Consultants,
lnc. for Consulting Engineering Services, Leh¡gh Acres Tank Cleaning & lnspection, FGUA
Project No. LE 084 in the Lehigh Acres Utility System
On October 20,2}1-tthe FGUA Board apþróVeO Work Authorization No. GAI 12-01 with GAI Consultants, lnc.
for the cleaning and inspection of the finishédlWáter Ground Storage Tanks (GSTs) in the Lehigh Acres Utility
System. Prior to the inspection of the GSTêi;,sédiment was removed from the tanks. The cleanings and
inspections went well with the exception oft;t,',lh;.g. Lehti¿hi,,;6gv¿s WTF- Np. 2 - 2.O MGD GST which had a
substantial amount of sedimentaliOn above théi:f,+cubic yàiid,:.,1:ii.tnili!1cludèd:'in Work Authorization No. GAI 12-
01. There was approx¡matèly 3r.,inches (lOoîlöuþic yli,¡Qí)::',t;øf;rsedimént that required removal. This
amendment covers the adàitional coSts"associatëä',,withi.1:.tlte remôvái. Staff recommended approval of CA
10. .,.,..ì ;: ,i ,
cA 11
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Provided tor t'ne:;noard's reviewiân4|'+onsidè,tqiipn was Amendment No. 1to Work Authorization No. USWWT
t2-O1, with U.S."îVli,;áþr/Wade tr¡r i[,,provide operations due diligence services for acquisition of the Mad
Hatter Utility, lnc. äéliéts located in Þaöco Couniy. Amendment No. l adjusts the not-to-exceed fees included
in the work authorizalión1,:,flom $87,j:26t65 to $116,988.75. The adjustment in the compensation is due to
changes in the underlyingi:iwork effort,ässumptions based upon the on-going (extended) negotiations and
discussions regarding fne M,âd:t$9frçj;léystem. Due to the on-going process, USWWT has incurred additional
due diligence responsibilities'''(i#: 9Í;lhours). These expenditures will be funded by bond,/loan proceeds with
the understanding that the fees'ãfe contingent upon a successful acquisition. Staff recommended approval
of CA 11.
CAL2 Approval of Access Easement Agreement between the FGUA and Little Richey, LLC related to
FGUA Project No. PS - 026, Water lnterconnects and lmprovements, Pasco Utility System
Provided for the Board's review and consideration was an Access Easement Agreement between the FGUA
and Little Richey, LLC related to FGUA Project No. PS - 026, Water lnterconnects and lmprovements, Pasco
Utility System. ln August of 2OtL, the Board approved the conveyance of the five (5) potable water
interconnects constructed under FGUA project No. PS - 026 to Pasco County, including easements, where
applicable, granting access rights to Pasco County. One of the five (5) interconnects, however, was located
within an existing easement previously granted to Pasco County by the property owner, Little Richey, LLC.,
February 23,2Ot2 FGUA Regular Meeting Minutes
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