Okaloosa County BOCC — June 21, 2016 — Resolution setting a public hearing for assessment for Falcon Way and — agenda request

BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: June 21, 2016 TO: Honorable Chairman and Members of the Board FROM: Jason Autrey SUBJECT: Resolution setting a public hearing for assessment for Falcon Way and Eagle Way DEPARTMENT: Public Works BCC DISTRICT: 1 STATEMENT OF ISSUE: Various property owners within the Pines and Triple Lakes subdivision in northern Okaloosa County have sought the assistance of the County in obtaining paved roads in their subdivisions. Many have submitted petitions under the County’s MSBU policy to create an MSBU and obtain the paving of their roads. Subsequently the Board created the MSBU and the County has received a sufficient number of petitions to improve two roads within the Pines and Triple Lakes subdivision. Those are Falcon Way and Eagle Way. As contemplated, each property owner will pay their fair share of the actual cost of the improvement of their road over a period of years as an assessment against the property. The assessment will be collected annually on the ad valorem tax bill. The initial step in this process is the adoption of a Preliminary Assessment Resolution which will establish the proposed rate for the assessment and schedule a public hearing for the adoption of a Final Assessment Resolution which will actually impose the assessment. BACKGROUND AND ANALYSIS: Various property owners within the Pines and Triple Lakes subdivision in northern Okaloosa County have sought the assistance of the County in obtaining paved roads in their subdivisions. Many have submitted petitions under the County’s MSBU policy to create an MSBU and obtain the paving of their roads. Subsequently the Board created the MSBU and the County has received a sufficient number of petitions to improve two roads within the Pines and Triple Lakes subdivision. Those are Falcon Way and Eagle Way. As contemplated, each property owner will pay their fair share of the actual cost of the improvement of their road over a period of years as an assessment against the property. The assessment will be collected annually on the ad valorem tax bill. The initial step in this process is the adoption of a Preliminary Assessment Resolution which will establish the proposed rate for the assessment and schedule a public hearing for the adoption of a Final Assessment Resolution which will actually impose the assessment. The proposed cost of the improvement would be financed over a period of fifteen (15) years and paid annually by the property owner. Only those properties which abut the road being improved would be subject to the assessment. It is anticipated that the cost per year will be $528.26 which includes the cost of construction, interest and cost of collection. The property owner has the opportunity to prepay the assessments and avoid the interest and cost of collection. The prepayment amount will be $5,536.54. Approval of the Preliminary Assessment Resolution will result in the scheduling of a public hearing for August 2, 2016 at 9:00 a.m., or shortly thereafter, and direct staff to provide the necessary mailed and public notice. OPTIONS: Approve/Disapprove. RECOMMENDATIONS: Approve the Preliminary Assessment Resolution scheduling of a public hearing for August 2nd, 2016 on, or shortly after, 9:00 a.m. for the adoption of a Final Assessment Resolution. RECOMMENDED BY: APPROVED BY: John Hofstad, County Administrator