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 Funding Options for the Solid Waste Transfer Station.
Recommended Action
Discussion and possible direction regarding funding options for the Solid Waste Transfer Station.
Background Information
Ordinance 2025-04 was approved on second reading on February 11, 2025, which allowed the following referendum question to be placed on the May 13, 2025, North Port Special Election:
"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?"
The referendum question was not successful at the May 13, 2025, special election, therefore the City will not be able to issue debt to complete the Solid Waste Transfer Station Project.
On January 6, 2025, during the City Commission Workshop, staff provided a presentation outlining the infrastructure projects deemed essential for growth, health, welfare, and the financial stability for the City Commission's consideration including the Solid Waste Transfer Station (CIP SW22TS) with the following specifics:
1. Estimated cost $15M.
a. Funding available: $2.5M
b. Funding gap: $12.5M
2. Development of the transfer station will allow increased efficiencies, reduce travel time, and impacts on vehicles and equipment.
3. Without the development of a transfer station, Solid Waste will need to hire additional staff and increase fleet size to support multiple trips to the landfill daily. This will result in significant increases which will be higher than normal in the Solid Waste Assessment over time.
The Solid Waste Division has absorbed an average of 30-40 new residential ...
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