Apr 14, 2006

Florida Improvement District Expands Contract with Severn Trent Management Services

The Sun 'n Lake of Sebring Improvement District in Sebring, Fla. has expanded its support services contract with Severn Trent Management Services to include operational responsibility for the public works and utility functions of the district. The original agreement, signed in April 2005, called for Severn Trent to provide financial, administrative and customer service functions for the south central Florida improvement district. The value of the contract is estimated at $2 million for the first year of the five-year agreement.

Created by Highlands County in 1974, the Sun 'n Lake of Sebring Improvement District is a special improvement district, an independent special-purpose unit of government established to finance basic services within the development, including infrastructure construction, services and maintenance. Services provided by the district include storm water, potable water, sanitary sewer, roads, fire and security.

With approximately 6,000 residents, Sun 'n Lake comprises 12 sq miles and includes residential communities, schools, commercial establishments, churches, a hospital, and a golf and country club. Once considered a retirement community, the area is experiencing dynamic growth and is now home to both older adults and younger families.

With more than 30 years of experience, Severn Trent Management Services is responsible for establishing more than half of Florida's existing special purpose districts. Today, the company manages more than 140 districts with combined operating budgets in excess of $200 million. Serviced through local offices, each district receives additional support from Severn Trent’s network of regional and national resources. Severn Trent Management Services is the only company in Florida that provides all four core services required by special purpose districts: general management, fiscal management, records management and field services.