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I think that Issler is being too kind to say that a consultant has “studied the figures.” I guess he’s referring to the May 2007 report by WHH Enterprises, which can be found here:
WHH Enterprises was hired by the Marco Island Finance Director to review LCEC’s cost estimate to underground its overhead electrical distribution system on Marco Island. The consultant produced a nine and half page report. Most of the report is a review of what had already been done by LCEC and the Marco Island administration. There were only a couple of pages of analysis, mostly on how to charge taxpayers for the various undergrounding options. I want to emphasize that the discussion and lackluster analysis were specifically about undergrounding the overhead electrical distribution system on Marco Island. Then in the second to last paragraph, “WHH suggests that the city also consider the formation of a municipal utility.” The consultant “estimated” that an additional $5 million annually could be available if the utility was formed. There was absolutely no analysis to show how this annual “profit” would be realized. I wonder how many of our tax dollars were spent on this shoddy report?
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