Item I BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date:---2d/2Q12 Division: Ic_AdM'I iaMtQr_
BulkItem: Yes No Departmeutj----Mewa�r .
Staff Contact Person/Phone#: J-Lud jLClarke X4322
AGENDA ITEM WORDING: Approval of a resolution to continue the imposition of the Big
Coppitt and Duck Key annual wastewater assessments at a lowered rate of$343,02 per EDU;and to
continue imposition of the Sock Island annual wastewater assessments at the rate of$339,97 per EDU for
those property owners who elected to pay the Capacity Reservation Fee over 10 years and at a rate of$207.73
for those property owners who elected to pay the Capacity Reservation Fee over 20 years.
IT BACKGROUND: Collection. of annual assessments began for the Stock Island Service Area
for the 2004 tax year. Collection of annual assessments for the Big Coppitt and Duck Key Service
Areas began for the 2007 tax year. Adoption of an annual rate resolution. is required by County
Ordinance 027-2003 to continue collection of the annual assessments.
PREvious RELEvAmr BOCC AMON: On September 10,2007,the BOCC adopted Resolution
302-2007 imposing a special assessment to collect System Development Fees from the Big Coppitt and
Duck Key Service Areas to fund that portion of the capital cost of the wastewater system being
assessed to each owner up to a maximum of$4,500 per Equivalent Dwelling Unit(EDU'). On August
11, 2004,the BOCC adopted Resolution 265-2004, imposing a special assessment to collect a Capacity
Fee of$2,700 per EDU from the Stock Island Service Area for those property owners electing to pay
the capacity fee in installments, On July 15, 2003, the BOCC enacted Ordinance No. 027-2003 to
authorize the imposition.of special assessments to ftmd the cost of wastewater treatment capacity.
CONTRACT/AGREEME NT CHANGES: N/A.
STAFF RECOMMENDATIONS:N/A.
TOTAL COST: 00 INDI COST:JZL- BUDGETED: Yes X No
� RECT
DIFFERENTIAL OF LOCAL PREFERENCE:
COST TO COUNTY:_$Z3,500 SOURCE OF FUNDS*
REVENUE PRODUCING: Yes— No_Jti OUNT PER MONTH— Year
APPRO VEDBY: County Atty D&/Pur ing— Risk Managemek-w-
DOCUMENTATION-. Included —X.— Not Required
DISPOSMON.- AGENDA ITEM#
Revised 7/09
RESOLUTION NO. -2012
A RESOLUTION OF TBE BOARD OF COUNTY COMMISSIONERS OF MONROE
COUNTY, FLORIDA, CONTINUING THE ASSESSMENTS OF WASTEWATER SERVICE
TO PROPERTIES IN THE BIG COPPITT, DUCK KEY, AND STOCK ISLAND SERVICE
AREAS FOR TBE 2012 TAX YEAR;AND PROVIDING AN EFFECTIVE DATE.
WHEREAS,the Board of County Commissioners of Monroe County,Florida has
enacted Ordinance No.027-2003 relating to the provision of wastewater service and facilities in
Monroe County,Florida and authorizing the imposition and collection of wastewater assessments
against property;and
WHEREAS,the Board of County Commissioners of Monroe County,Florida adopted
Resolution 261-2004 relating to the provision of wastewater service to properties in the Stock
Island Service Area,describing the capacity reservation fM collection costs,and the other terms
and conditions of the non-ad valorem annual wastewater assessments;and
WHEREAS,the Board of County Commissioners of Monroe County,Florida adopted
Resolution 265-2004 that imposed a special assessment to collect System Development Fees from
certain parcels of property within the Stock Island Service Areas to fund that portion of the
capital cost of the wastewater facility being assessed to each owner up to a maximum of$2,700
per Equivalent Dwelling Unit("EDU"),wherein the number of EDUs for residential properties
was assessed based on the number of residential units for that Tax Parcel as determined by the
Property Appraiser at the time of the adoption of Resolution 265-2004 and the number of EDUs
for non-residential properties was based on water consumption;and
WHEREAS,the Stock Island Assessments have been imposed annually
since 2004 to recover Capacity Reservation Fees advanced by Monroe County on behalf of
certain parcels of property within the Stock Island Service Area;and
WHEREAS,the Board of County Commissioners of Monroe Count34 Florida adopted
Resolution 264-2007 relating to the provision of wastewater service to properties in the Big
Coppitt and Duck Key Service Areas,describing the system development fee,collection costs,
and the other terms and conditions of the non-ad valorem annual wastewater assessments;and
WHEREAS,the Board of County Commissioners of Monroe County,Florida adopted
Resolution 302-2007 that imposed a special assessment to collect System Development Fees from
certain parcels of property within the Big Coppitt and Duck Key Service Areas to fund that
portion of the capital cost of the wastewater system being assessed to each owner up to a
maximum of$4,500 per Equivalent Dwelling Unit("EDU"),wherein the number of EDUs for
residential properties was assessed based on the number of residential units for that Tax Parcel as
determined by the Property Appraiser at the time of the adoption of Resolution 302-2007 and the
number of EDUs for non-residential properties was based on water consumption;and
WHEREAS,the Big Coppitt Assessments have been imposed annually
since 2007 to pay a portion of the debt service on Obligations issued in connection with the
construction of Wastewater Collection and Treatment Facilities within the Big Coppitt Service
Arca;and
WHEREAS,the Duck Key Assessments have been imposed annually since 2007 to fund
construction of a portion of the Duck Key Wastewater Treatment Facility;and
WHEREAS,Section 2.02 of Resolution 261-2004 established the assessment term for
Stock Island to be 5, 10 or 20 years;and
WHEREAS,the 10 and 20 year assessment terms expire in 2013 and 2023,respectively;
and
WHEREAS, Section 2.02 of Resolution 264-2007 established the assessment term for
Big Coppitt and Duck Key to be 20 years;and
WHEREAS,the annual assessment revenue is necessary to repay debt obligations and
capital construction costs.
NOW THEREFORE,BE IT RESOLVED BY THE MONROE COUNTY BOARD OF
COUNTY COMMISSIONERS,FLORIDA,AS FOLLOWS:
Section 1.0 The non-ad valorem annual assessment will be levied at the rate of$339.97 per EDU
for those property owners who elected to pay the Capacity Reservation Fee over 10 years and at a
rate of$207.73 for those property owners who elected to pay the Capacity Reservation Fee over
20 years as previously noticed for the Stock Island assessment program.
Section 2.0 The non-ad valorem annual assessment initially levied at the rate of$441.00 per EDU
as noticed by first class on August 2,2007 for the Big Coppitt and Duck Key assessment
programs is to be lowered.The annual amount for 2012 is set at a rate of$343.02 per U.
PASSED AND ADOPTED by the Board of County Commissioners of Monroe County,Florida,
at a meeting of said Board hold on the 5*day of September.
Mayor Heather Carruthers
Mayor Pro Tem David Rice
Commissioner Kim Wigington
Commissioner George Neugent
Commissioner Sylvia Murphy
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY,FLORIDA
BY.
(Seal)
Attest: Danny L.Kolhage,Clerk
Deputy Clerk
Big Coppltt Annual Rates_EDUsm2100 Int rate. US-2-12)
Client Name Monroe county
Project Name Wastewater Assessments(Big Coppltt and Duck Key)
Revised Internet Rate and Collection Coets_6.2-12
Item AMONnt
Debt Service Parameters
Original Interest Rate 2.71%
Stan Date lmm/dd/M) 1i/1/2007
ym r Yem 1
'TOMIYUM 20
Total 1
Initial Prepayment Amount
Total Oomtrucllon Costs S 9,450,000.00
ODMIntiency included In ConstructIon Costs $
Tout ceideal cut IlAiA000.00
IWW Pospelimortfor Unit
Other Total Lean Components
Debt Service Reserve Fund $ -
Capitalized Interest $ -
Cost of issuance $ -
Underwriter's Discount $TNW Lou -
i
Is 9,460,000.00
Annual Assessment Rates
Number of Parcels 1,811
Number of Unts 2,100
Modified Number of Units 1,995
Amount Per EDU
Anneal Debt Service $ 618,281.00 Uses modified units $ 309.92
Assessment AdminIMUon(GSG) Start Up Over 3 years Plus Annual $ 30,834.00 Uses modified units $ 15.46
County Adminletnitive Coate Not Included $ -
Mrst Class Notices Not included S
Prepayment No Included S -
Tax Collects Costs Uses TC proposed costs 1,000.00 Uses modified units $ M50
Properly Appraiser Costs Not Included S
Statutory Discount $ 34.217.00 Uses modified units $ 17.15
Total Annual Awuwmwwnt A $ 684,332.00
Annual AssessmentAmoen S 34102
ASSUMPTIONS:
20 year term
5.0%Interest rate changed to 2.71 for FY 20 -1
Collection costs revised
Based an one payment per year
Financing Info
l2 Copplit Annual Rat ED = 1 _Int ra 2.71_( -1 )
201 1