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Item C25 C25 BOARD OF COUNTY COMMISSIONERS COUNTY of MONROE �� i Mayor Holly Merrill Raschein,District 5 The Florida Keys Mayor Pro Tern James K.Scholl,District 3 Craig Cates,District 1 Michelle Lincoln,District 2 ' David Rice,District 4 Board of County Commissioners Meeting May 15, 2024 Agenda Item Number: C25 2023-2253 BULK ITEM: Yes DEPARTMENT: Budget and Finance TIME APPROXIMATE: STAFF CONTACT: Christina Cory n/a AGENDA ITEM WORDING: Approval of Resolution adopting the tentative Duck Key Security District non-ad valorem special assessment rates for Fiscal Year 2024-2025. The special assessment rates remain the same as last year's rates at $292 for improved lots and $28 for unimproved lots. ITEM BACKGROUND: The Duck Key Security District Advisory Board(DKSDAB) at its May 7, 2024 meeting voted to recommend for the special assessments to not be increased and to remain at $28 for unimproved lots and from $292 for improved lots. The special assessment rates may only be increased up to $300 for improved lots and $30 for unimproved lots in accordance with the Ordinance. Ordinance 005-1992 establishing the Duck Key Security District allows a ten percent(10%) increase over the previous year or increases to no more than $300.00 per improved lot or $30.00 per unimproved lot without the need for a referendum. The initial special assessment was set at $200.00 per improved lot and $20.00 per unimproved lot and was increased by 10% for the first time for FY 17, raising the assessment to $220.00 per improved lot and $22 per unimproved lot. The rates were again increased by 10% (it is slightly less for round number purposes) for FY 18, raising the assessment to $242 per improved lot and $24 per unimproved lot. The special assessment for FY 19 was increased and approved at $266 per improved lot and $26 per unimproved lot. The special assessment for FY 20 was increased and approved at $292 per improved lot and $28 per unimproved lot. The special assessment for FY 21 remained the same at $292 and $28. The special assessment for FY 22 remained the same at $292 and $28. The special assessment for FY 23 remained the same at $292 and $28. The special assessment for FY 23 remained the same at $292 and $28. The tentative special assessment rate for FY 25, as recommended by the advisory board, is $292 per improved lot and $28 per unimproved lot. PREVIOUS RELEVANT BOCC ACTION: 1051 The BOCC established the Duck Key Security District in 1992 and adopted Ordinance No. 005-1992. The BOCC enacted Ordinance No. 012-1994 June 16th, 1994. The BOCC enacted Ordinance No. 001-2009 January 28, 2009. The BOCC enacted Ordinance No. 016-2014 September 17, 2014. The Board approved Resolution No. 119-2016 adopting the tentative rate of$220 per improved lot and $22 per unimproved lot for FY 2016-2017 on May 24th, 2016 and Resolution No. 168-2016 adopting the final rate at a Public Hearing held at its September 12th, 2016 meeting. The Board approved Resolution No.122-2017 adopting the tentative rate of$242 per improved lot and $24 per unimproved lot for FY 2017-2018 on May 1 Oth, 2017 and Resolution No. 228-2017 adopting the final rate at a Public Hearing held at its September 27, 2017 meeting. The Board approved Resolution No. 135-2018 adopting the tentative rate of$266 per improved lot and $26 per unimproved lot for FY 2018-2019 on May 16, 2018 and Resolution No. 266-2018 adopting the final rate at a Public Hearing held at its September 4, 2018 meeting. The Board approved Resolution No. 125-2019 adopting the tentative rate of$292 per improved lot and $28 per unimproved lot for FY 2019-2020 on May 22, 2019 and Resolution No. 232-2019 adopting the final rate at a Public Hearing held at its September 5, 2019 meeting. The Board approved Resolution No. 109-2020 adopting the tentative rate of$292 per improved lot and $28 per unimproved lot for FY 2020-2021 on May 20, 2020 and Resolution No. 231 -2020 adopting the final rate at a Public Hearing held at its September 3, 2020 meeting. The Board approved Resolution No. 170-2021 adopting the tentative rate of$292 per improved lot and $28 per unimproved lot for FY 2021-2022 on May 19, 2021, and Resolution No. 268-2021 adopting the final rate at a Public Hearing held at its August 18th, 2021, meeting. The Board approved Resolution No.139-2022 adopting the tentative rates of$292,per improved lot and $28 per unimproved lot for FY 2022-2023 on May 18, 2022 and Resolution No. 238-2022 adopting the final rate at a Public Hearing held at its August 17, 2022 meeting. The Board approved Resolution No.182-2023 adopting the tentative rates of$292,per improved lot and $28 per unimproved lot for FY 2023-2024 on May 17, 2023 and Resolution No. 259-2023 adopting the final rate at a Public Hearing held at its July 19, 2023 meeting. INSURANCE REQUIRED: No CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: Approve resolution setting tentative rate. DOCUMENTATION: resolution adopting tentative rates 24.25.docx 1052 FINANCIAL IMPACT: unk/need to wait until vote to have this information -Note:You can pull estimated budget from last year as set forth in the notice. Should be close except for lots that has been developed. 1053 RESOLUTION NO. -2024 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA, ADOPTING THE TENTATIVE DUCK KEY SECURITY DISTRICT NON-AD VALOREM SPECIAL ASSESSMENT RATES FOR FISCAL YEAR 2024-2025 BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA as follows: I. The Board hereby adopts the following tentative non-ad valorem special assessment rates for the Duck Key Security District for fiscal year 2024/2025: $292.00 per improved lot; $28.00 per unimproved lot. 2. The Board hereby directs the Monroe County Clerk to transmit this executed Resolution to the Monroe County Property Appraiser and Monroe County Tax Collector. PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a meeting of said Board held on the day of 2024. Mayor Holly Merrill Raschein Mayor Pro Tem James K. Scholl Commissioner Craig Cates Commissioner Michelle Lincoln Commissioner David Rice (Seal) BOARD OF COUNTY COMMISSIONERS OF Attest: KEVIN MADOK, CLERK MONROE COUNTY, FLORIDA By: By: As Deputy Clerk Mayor Holly Merrill Raschein 1054