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 Effluent Pumping Station and Pipeline Project (U23EPS).
Recommended Action
Option 1: 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.
City Commission Options
Option 1: 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.
* 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.
Option 2: The City Commission provide an alternate ranking list of funding options for the Effluent Pumping Station and Pipeline Project (U23EPS).
* Pros: Staff efforts to secure funding for project will align directly with Commission ranking prioritization.
* Cons: Alternative funding option ranking may result in higher overall project cost.
Background Information
The following provides a chronological order of events regarding the Effluent Pumping Station and Pipeline Project (U23EP...
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