City of North Port - File #: ORD. NO. 2020-20

• File #: ORD. NO. 2020-20
• Version: 1
• Type: Ordinance
• Status: Second Reading
• File created: 4/8/2020
• In control: City Commission Special Meeting
• On agenda: 5/7/2020
• Final action: 5/7/2020
• Title: An Ordinance of the City of North Port, Florida, Amending the Non-District Budget for Fiscal Year 2019-20 by Transferring $2,860,218 from the Park Impact Fee Fund Balance, $24,842 from the Fire/Rescue Impact Fee Fund Balance and $85,947 from the Law Enforcement Impact Fee Fund Balance and Increasing the Estimated Revenues for the Park Impact Fee Fund for Reimbursement of Costs as Outlined in the West Villages Developer Agreement (Post Annexation); Providing for Findings; Providing for Conflicts; Providing for Severability; and Providing an Effective Date

Date	Ver.	Action By	Action	Result
5/7/2020	1	City Commission Special Meeting	adopted	Pass
4/28/2020	1	City Commission Regular Meeting	read by title only	Pass
4/28/2020	1	City Commission Regular Meeting	continued for second reading	Pass
4/28/2020	1	City Commission Regular Meeting	reconsidered	Pass
4/28/2020	1	City Commission Regular Meeting	continued for second reading	Pass

TO:                                           Honorable Mayor & Members of the North Port Commission

FROM:                      Peter D. Lear, CPA, CGMA, City Manager

TITLE:                     Ordinance No. 2020-20 Amending the Non-District Budget for FY 2019-20 for Reimbursement of Costs as Outlined in the West Villages Developer Agreement (Post Annexation)

Recommended Action for Second Reading

Recommend approval and adoption of Ordinance No. 20-2020 amending the non-district budget for FY 2019-20 on second reading.

Background Information

The West Villages Developer Agreement (Post Annexation) was passed by the City Commission on March 25, 2020.

In the Parks and Rec Impact Fee Fund, $2,860,218 in fund balance and $60,000 in additional estimated revenue will be added. Payments will be made to West Villages in the amount of $1,889,446.60 for the conceptual plan for the 63 acre park, $745,680 for 60% of the cost of the design and construction for Blue Heron Park, $150,000 for additional Blue Heron Park improvements and $135,091 for possible 3^rd and 4^th quarter payments for the  remainder of the Blue Heron Park expenses.

In the Fire Impact Fee Fund, $24,842 will be added from fund balance to reimburse West Villages for the Fire Study from Emergency Services Consulting International which has already been completed.

In the Law Enforcement Impact Fee Fund, $85,947 will be added from fund balance to reimburse West Villages for additional Law Enforcement System Improvements.

This ordinance was reviewed by legal and is approved as to form and correctness.

Recommended Changes for Second Reading

There are no changes from first to second reading.

Strategic Plan

Neighborhood Enhancement

Financial Impact

If adopted, this budget amendment would increase the FY 2019-20 Parks and Rec Impact Fee Fund by $2,920,218, the Fire Impact Fee Fund by $24,842 and the Law Enforcement Impact Fee Fund by $85,947, funded by reserves and increased revenue.

Procurement

N/A

Attachments:

1.                     Ordinance No. 2020-20 Second Reading

2.                     2020-20 Fund Balance Reports

3.                     Ordinance No. 2020-20 Second Reading

Prepared by:                                            Lisa Herrmann, Budget Administrator

Department Director:                       Kimberly Ferrell, Finance Director