North Sumter County Utility Dependent District
The North Sumter County Utility Dependent District (NSCUDD) was established pursuant to Chapter 189 of Florida State Statutes and Sumter County Ordinance 2010-10 on July 15, 2010.
NSCUDD consists of a seven member Board of Directors representing Districts 5-10 and one at large seat. The members are elected by registered voters residing in Districts 5-10.
NSCUDD is the water, wastewater and reclaimed water service provider to properties in The Villages that are south of C.R. 466 and north of C.R. 466A. Additionally, NSCUDD is the provider of the solid waste sanitation services for Marion and Sumter County, and the Fruitland Park portion of The Villages.
As a governmental entity in the State of Florida, the North Sumter County Utility Dependent District is held to the same high standards as cities and counties as it pertains to Sunshine Law, Public Records Law, Financial Reporting and Financial Disclosure Laws. Additionally, the Board of Supervisors adheres to Florida Statute Chapter 112, Part III - Code of Ethics for Public Officers and Employees.
Central Sumter Utility (CSU) Valuations
On September 19, 2019 the North Sumter County Utility Dependent District approved an Agreement for Purchase and Sale to acquire the Central Sumter Utility (CSU).
Per the Agreement, the Seller and Purchaser each selected a company to provide a valuation of the system. The Seller and Purchaser agreed that if the lesser of the two Preliminary Valuations was not greater than 5% less than the higher Preliminary Valuation, then the Purchase Price shall be established at the lesser of the two Preliminary Valuations. If the lesser of the two Preliminary Valuations was greater than 5% lower, but not greater than 10% lower of the higher of the two Preliminary Valuations, the Purchaser and Seller agreed that the Purchase Price shall be established at the average of the two Preliminary Valuations. If the two of the Preliminary Valuations was greater than 10% lower than the higher of the two Preliminary Valuations, then the Seller and Purchaser shall promptly instruct their respective valuation firms to meet and reconcile and agreed upon determination of value.
Stantec – CSU Valuation
PFM – CSU Valuation
Long-Term Investment Policy – NSCUDD
June 20, 2019 State of the Industry for Solid Waste and Recycling
View PDF Presentation
984 Old Mill Run
The Villages, Florida 32162
Phone: 352-751-3939 - Fax: 352-753-6430