Mr. Speake provided a presentation regarding options including self-funding, Certificates
of Participation (COPS), Public-Private-Partnership (P3), funding option comparisons, and
future costs with and without transfer station.
Commission questions and discussion took place regarding staff recommendation, 1-year
assessment, plan and construction timeline, cost to taxpayers, and want versus need.
There was no public comment.
There was consensus to direct the City Manager to move forward with the
pay-as-you-go approach for the Solid Waste Transfer Station (SW22TS) utilizing
Non-Ad Valorem Assessments, and to reject the Public-Private Partnership (P3)
option in accordance with the Code of the City of North Port, Florida, Section
2-420, Public-Private Partnerships (P3), subsection (7)b and the Certificates of
Participation (COPs) option.
C.
Discussion and Possible Direction Regarding the Funding Options for the
Effluent Pumping Station and Pipeline Project (U23EPS).
Mayor Stokes announced the item.
Mr. Fletcher introduced the item.
Ms. Wisner provided a presentation including options for consideration including state
revolving fund, pay-as-you-go, public-private partnership (P3), funding option comparisons,
and staff recommendation.
Commission questions and discussion took place regarding rate increases and state
funding benefits.
There was no public comment.
There was consensus to direct the City Manager to prioritize the evaluation of
funding options for the Effluent Pumping Station and Pipeline Project (U23EPS) in
the following order: First, the State Revolving Fund (SRF) option in collaboration
with the West Villages Improvement District (WVID); Second, the pay-as-you-go
option; and to reject the Public-Private Partnership (P3) option in accordance with
the Code of the City of North Port, Florida, Section 2-420, Public-Private
Partnerships (P3), subsection (7)b.
D.
Discussion and Possible Direction Regarding the City's 10-Year Capital
Improvement Plan.
Mayor Stokes announced the item.
Mr. Fletcher introduced the item and provided
a presentation including purpose of
discussion, overview of 10-year Capital Improvement Plan (CIP), implications of unfunded
projects, potential funding options, general fund capital expenditures, and Commission
direction needed.
Commission questions and discussion took place regarding fiscal year (FY) 26 unfunded
projects.
Mr. Fletcher spoke to new community center in regard to Imagine School multi-purpose
sports facility.
Ms. Aloisio spoke to emergency operations center (EOC) including timeline, adopted
budget, and EOC considerations.