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 the Public Private Partnership (P3) Conceptual Proposal Related to the Police Department Headquarters Facility, Solid Waste Transfer Station, and Wastewater Treatment Facility.
Recommended Action
Discussion and possible direction regarding the Public Private Partnership (P3) Conceptual Proposal related to the Police Department Headquarters Facility, Solid Waste Transfer Station, and Wastewater Treatment Facility.
Background Information
The following provides a chronological order of events regarding the proposed referendum questions and potential funding options for the Police Department Headquarters Facility, Solid Waste Transfer Station, and Wastewater Treatment Facility:
> February 11, 2025: During the City Commission Regular Meeting, the Commission approved the following Ordinances outlining proposed referendum questions for the May 13, 2025, Special Election:
* Ordinance No. 2025-03: To finance a new Police Department Headquarters Facility, shall the City of North Port be authorized to issue bonds in one or more series in a total aggregate principal amount not to exceed $115,000,000, maturing no later than 30 years from issuance, bearing interest at no more than the maximum lawful rate and payable from ad valorem property taxes levied in amounts sufficient to pay debt service on such bonds?
* Ordinance No. 2025-04: To finance a new Solid Waste Transfer Station, shall the City of North Port be authorized to issue bonds in one or more series in a total aggregate principal amount not to exceed $14,000,000, maturing no later than 30 years from issuance, bearing interest at no more than the maximum lawful rate and payable from the revenues of the City's Solid Waste District?
* Ordinance No. 2025-05: To finance capital improvements to the City's Wastewater Treatment Facility located on Pan ...
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