TO: Honorable Mayor & Members of the North Port Commission
FROM: A. Jerome Fletcher II, ICMA-CM, MPA, City Manager
TITLE: Discussion and Possible Direction Regarding Referendum Questions Related to Borrowing Authority for Infrastructure Projects and the North Port Police Department Headquarters Project for the May 13, 2025, Special Election.
Recommended Action
Direction to staff regarding the inclusion of referendum questions related to borrowing authority for infrastructure projects and borrowing authority for the construction of a new North Port Police Department Headquarters on the May 13, 2025, special election ballot.
Background Information
During their Regular Meeting on December 10, 2024, the City Commission considered agenda item no. 25-1721 regarding referendum questions related to borrowing authority for infrastructure projects and the North Port Police Department Headquarters Project for a March 11, 2025, special election. At the conclusion of their discussion, the Commission passed the following motion:
> Motion: To direct staff to include referendum questions related to the borrowing authority for designated infrastructure projects and borrowing authority for construction of a new North Port Police Department Headquarters on a date to be determined.
Pursuant to Commission direction, City Clerk Faust has confirmed with the Supervisor of Elections that the City of North Port would be able to include the subject referendum questions on the May 13, 2025, special election.
With the recent completion and consideration of the Economic Development Study and Financial Condition Analysis prepared by PFM Financial Advisors, LLC, staff seeks direction from Commission as to borrowing authority amounts, so they may proceed with the development of the referendum questions and necessary ordinances for Commission approval in time for placement on the May 13, 2025, special election ballot.
Strategic Plan
Good Governance
Financial Impact
Not applicabl...
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