Florida Real Estate News for Palm Coast and Flagler County Florida

Flagler County Closes On Sale of Utilities to FGUA

The sale and transfer of Flagler County Utilities to the Florida Governmental Utility Authority (FGUA) were successfully completed Thursday.

By Toby Tobin

PALM COAST, FL — December 11, 2020 — The sale and transfer of Flagler County Utilities to the Florida Governmental Utility Authority (FGUA) were successfully completed Thursday.

“We’ve been working toward this end for quite a while. It was the most complicated transaction I’ve ever been involved in,” said County Administrator Jerry Cameron. “This is a big day for both us and the customers of the utility systems as FGUA can better serve them because of their industry-specific expertise.”

The assets that transferred to FGUA are the water and wastewater utilities that serve the Beverly Beach, Eagle Lakes, and Plantation Bay areas – almost 2,800 customers.

The sale and transfer retire Flagler County’s debt on the utilities. It provides a seat on the FGUA Board to a designee of the Flagler County Commission. Cameron has been named and will attend his first meeting on December 17.

A couple of minor technical issues remain to be finalized, such as closing out two grants for utility generators.

“This is going to be so much better for our residents served by these utilities,” Cameron said. “FGUA is the answer for a utility that provides reliable, continuous service.”

Toby Tobin: REALTOR®

I'm a licensed Florida REALTOR® affiliated with Grand Living Realty in Palm Coast, Fla. As a real estate consultant to developers/builders, homebuyers, and sellers, and as a journalist, I have years of experience and a treasure trove of relevant data and local institutional knowledge.

Call me at (386) 931-7124 or email me at Toby@GoToby.com.

Listen to my radio show, Real Estate Mattersevery Saturday morning right after the 11:00 A.M. news break on WNZF News Radio at 1550 AM or 94.9 FM. Download the Flagler Radio App from the App Store so you can hear Real Estate Matters from anywhere in the world.

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Don "Toby" Tobin is a licensed real estate professional affiliated with Grand Living Realty. Toby is a member of the Flagler County Association of Realtors®, the Florida Association of Realtors, Enterprise Flagler, Flagler Home Builders Association, and the National Association of Realtors.

GoToby.com proivdes real estate news, commentary, and analysis for Palm Coast and Flagler Country Florida, as well as Realtor® referrals and consultation to buyers, sellers, and developers.