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 Funding Options for the Solid Waste Transfer Station Project (SW22TS).
Recommended Action
Option 1: Direct the City Manager to prioritize funding options for the Solid Waste Transfer Station (SW22TS), giving first consideration to the Pay As You Go approach utilizing Non-Ad Valorem Assessments, followed by Certificates of Participation (COPs) 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.
City Commission Options
Option 1: Direct the City Manager to prioritize funding options for the Solid Waste Transfer Station (SW22TS), giving first consideration to the Pay As You Go approach utilizing Non-Ad Valorem Assessments, followed by Certificates of Participation (COPs) 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.
* Pros: Provides clear direction to staff from the City Commission on prioritization of funding options.
* Cons: Results in the rejection of the proposed Public-Private Partnership (P3) option and Certificate of Participation.
Option 2: The City Commission provides an alternate ranking list of funding options for the Solid Waste Transfer Station Project (SW22TS).
* Pros: Staff's continued work to identify funding for this project will align with the Commission's ranking of funding options.
* Cons: Alternative funding option ranking may result in higher overall project cost.
Background Information
The following provides a chronological order of events regarding the Solid Waste Transfer Station Project:
> May 27, 2025: During the City Commission Regular Meeting, funding options for the Solid Waste Transfe...
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