TO: Honorable Mayor & Members of the North Port Commission
FROM: Peter D. Lear, CPA, CGMA, Interim City Manager
TITLE: Resolution No. 2017-R-22 establishing the not-to-exceed non-ad valorem assessment rates for the Road and Drainage District for fiscal year (FY) 2017-2018
Recommended Action
Approve Resolution No. 2017-R-22 establishing the not-to-exceed non-ad valorem assessment rates for the Road and Drainage District for fiscal year (FY) 2017-2018.
Background Information
The non-ad valorem assessment rates in the FY 2017-2018 proposed budget for the Road and Drainage District reflect a 7.5% increase over the assessment rates established in FY 2016-2017. The anticipated net revenue from assessments is $11,510,720; an increase of $914,160 from FY2016-2017. The 2013 Road and Drainage Study, completed by Burton and Associates, recommended a 4.5% increase for FY 2016-2017 as recommended at the Revenue Sufficiency Analysis Update presented at the February 26, 2016, Commission Workshop. No increase was adopted. We are requesting a 7.5% increase to meet current level of service needed for roads and drainage.
Fiscal Year 2017-2018 Maximum Assessment Rates Per Unit by Service Component
Base Road Administrative Services $ 4.40 per Road ERU
Base Road Services $ 11.94 per Road ERU
Enhanced Road Services $ 30.53 per Road ERU
Mowing Administrative Services $ 3.99 per Parcel
Right of Way Mowing $ 51.64 per Parcel
Drainage Administrative Services $ 5.27 per Drainage DBU
Primary Drainage (Drainage I) $ 34.50 per Drainage DBU
Secondary Drainage (Drainage II) $ 20.04 per Drainage DBU
Tertiary Drainage (Drainage III) $ 21.29 per Drainage DBU
The rates as shown in Exhibit A of the Resolution are recommended for Fiscal Year 2017-2018 and would increase the average home on a quarter acre property by $8.94 per year. This rate represents the maximum...
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