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April 7, 1993a OKEECHOBEE BEACH WATER ASSOCIATION, INC. 8840 Highway 78 West Okeechobee, Florida 34974 -9787 (813) 763 3793 Fax (813) 467- 4335 Serving Customers in Okeechobee And Glades County April 7, 1993 TO: The Membership of OKEECHOBEE BEACH WATER ASSOCIATION, INC. Dear Fellow Members: As you know the Board of Directors has decided to build a 1.5 million gallons per day water treatment plant rather than enter into another bulk sale contract with the City of Okeechobee. It is the best way to control the cost of water in the future. Without our own water treatment plant, our membership will be at the mercy of the City of Okeechobee on future water rates once our existing contract with the City expires. Another concern the Board has is that the City can use the power of eminent domain to condemn our system and take it away from us. Chapter 180, Florida Statutes, gives the City the option of condemning our system. Your Board of Directors believes that the City will do everything it can to stop our efforts to build a new plant. Your Board of Directors, after careful thought and deliberation, has concluded that the best way to protect our system from being taken over by the City is to enter into a utility franchise agreement with the County of Okeechobee. Such a franchise agreement will enable Okeechobee Beach Water Association, Inc., "OBWA to take the Lead in providing not only quality water, but also eventually sewer service in the south end of Okeechobee County. By working hand -in -hand with the County, the City will not be able to condemn our system and take it away. The County is willing to give us the protection of a franchise if we are willing to help solve a future problem the County is facing. The South Florida Water Management District is pushing the County to develop a sewer system along Rim Canal. At this point. the County wants OBWA to handle water and sewer service on the south end of the County. However, if in the future the County gets into the utility business by itself, or if it forms a utility authority, the County will want to acquire our system through a voluntary purchase arrangement, rather than condemning our system and taking it away from us. That is why the County is insisting on a purchase clause in the franchise agreement. Hopefully, our system will never be taken over by either the County or the City. However, if we are taken over, your Board of Directors feels a purchase arrangement with the County would be less detrimental to our membership than being condemned by the City of Okeechobee. At least the County does not have a tremendous utility debt to spread around like the City has. The franchise agreement will also provide a basis for Okeechobee County to develop an inter-local agreement with Glades County to provide sewer service to Buckhead Ridge. SEE BACK At the special meeting the membership also needs to approve an amendment to our Articles of Incorporation filed back in 1965. Article II contains a clause which allows us to sell excess water. In order to get a consumptive use permit from the South Florida Water Management District, we have to obtain certification that we are exempt from regulation by the Public Service Commission "PSC We cannot get the certification unless we delete the clause in the Articles of Incorporation allowing us to sell excess water. The PSC wants us to sell water only to our members. Enclosed is a notice of a special meeting of the membership to seek your approval for OBWA to enter into this franchise agreement and to amend our Articles of Incorporation. It will be an extremely important meeting for our membership. Please attend so we can provide you with further information and hopefully obtain your approval. The proposed franchise agreement is quite lengthy (40 pages). If you would like to review a copy before the meeting, please contact the OBWA office. Sincerely, LELAND PEAR.-E, Chairman ERNA GABRIEL, Director (Unavailable for review and signature) MITCHELL HOWELL, Director TOM BARNES, Director JUK COKER, Director April 7, 1993 Page Two