Eligibility: To be eligible for payments from the Utility Account, an applicant must meet the following conditions at the time of application: a. "Reimbursable costs" will not include any costs paid or incurred by the Valle Vista lot owner prior to the effective date of this MOU.ĥ. Definition of "reimbursable costs": Under this redress program, the "reimbursable costs" of electric utility installation for which an eligible Valle Vista lot owner may seek payment will include the cost of extending electric power lines to the lot and the cost of installing a transformer and/or secondary box on the lot, but will exclude the cost of all conduit, trenching, backfilling, electric wiring from the transformer or secondary box to the residence's electric meter, and electric wiring within the residence. An individual lot owner may receive payments from the Utility Account for a maximum of two (2) lots over the duration of the redress program.Ĥ. A Valle Vista lot owner may apply for payment from the Utility Account to Mohave Electric Cooperative of an amount not to exceed $2500 per lot to offset "reimbursable costs" (defined in Paragraph 4 of this MOU) of electric utility installation by Mohave Electric Cooperative. Purpose of redress program: The Utility Account will be used to pay a portion of electric utility installation costs for eligible Valle Vista lot owners, as well as administrative costs associated with the maintenance of the Utility Account and the implementation of the redress program. The Commission or its staff will transfer to the Utility Account any additional monies it may obtain as a result of further liquidation of outstanding Sunbelt assets.ģ. The Utility Account will be administered through the Mohave County Department of Finance and will be subject to periodic County and State audits. 337-09555, to an interest bearing account maintained by the Mohave County Attorney (hereinafter referred to as the "Utility Account"). Transfer of funds: Within sixty (60) days after the effective date of this MOU, the Commission or its staff will direct Gilardi & Co. Notice to lot owners: Within sixty (60) days after the effective date of this MOU, the Commission or its staff will provide written notice to Valle Vista lot owners of the redress program, along with an explanation of the eligibility requirements.Ģ. Pursuant to Paragraphs 5 and 6 of the Consent Decree, the Commission is establishing a redress fund that will be used to offset some or all of the electric utility installation costs for eligible Valle Vista lot owners.ġ. and has deposited the proceeds into an escrow account managed by Gilardi & Co.: FTC v. ![]() Pursuant to Paragraph 4 of the Consent Decree, the Federal Trade Commission (hereinafter referred to as the "Commission" or "FTC") has liquidated most of the assets and property transferred to the Commission by Sunbelt Construction Co. Sunbelt Construction Co., CV 94-0339 PHX EHC (D. On February 14, 1994, a Consent Decree against Sunbelt Construction Co. A copy of the Consent Decree is attached hereto. ![]() The purpose of this Memorandum of Understanding ("MOU") between the Mohave County Attorney and the Federal Trade Commission is to establish the terms and conditions of a redress program established pursuant to a Consent Decree against Sunbelt Construction Co., United States v.
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