Okaloosa County BOCC — July 21, 2015 — 2015-07-21 Initial Assessment Resolution

OKALOOSA COUNTY, FLORIDA INITIAL ASSESSMENT RESOLUTION FOR THE OKALOOSA COUNTY BEACH RESTORATION PROJECT MUNICIPAL SERVICES BENEFIT UNIT FISCAL YEAR 2015-2016 ADOPTED JULY 21, 2015  RESOLUTION 15- A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF OKALOOSA COUNTY, FLORIDA, RELATING TO THE CONSTRUCTION AND FUNDING OF BEACH RESTORATION WITHIN THE BEACH RESTORATION MUNICIPAL SERVICE BENEFIT UNIT; PROVIDING RECITALS, AUTHORITY AND DEFINITIONS; ADOPTING THE INITIAL ASSESSMENT RESOLUTION; PROVIDING FOR THE ASSESSMENT ROLL; PROVIDING FOR THE IMPOSITION OF THE ASSESSMENTS TO FUND THE BEACH RESTORATION IN THE DESTIN SUBAREA; PROVIDING FOR COLLECTION OF THE ASSESSMENTS PURSUANT TO THE UNIFORM ASSESSMENT COLLECTION ACT; PROVIDING FOR THE EFFECT OF THIS RESOLUTION; PROVIDING SEVERABILITY AND AN EFFECTIVE DATE. WHEREAS, the Board of County Commissioners of Okaloosa County, Florida (the “County”) adopted Ordinance 07-71 on December 4, 2007 (the “Ordinance”), to create the Okaloosa County Beach Restoration Project Municipal Service Benefit Unit (the “MSBU”) and to authorize the imposition of special assessments to partially fund the Beach Restoration Project within the boundaries of the MSBU; and WHEREAS, the Ordinance has been amended periodically to remove certain areas from the boundaries of the MSBU and to exclude certain properties from the special assessments; and WHEREAS, pursuant to the Original Assessment Resolutions, the Assessments are to be collected over an eight (8) year Assessment Period, beginning in Fiscal Year 2008. Throughout the Assessment Period the methodology established in the Original Assessment Resolutions is to be applied within the boundaries of the MSBU established pursuant to the Ordinance; and 1  WHEREAS, at a duly noticed public hearing to be held on August 18, 2015, the Board will consider the adoption of the “Final Assessment Resolution.” Such Final Assessment Resolution would confirm the terms and provisions of this Initial Assessment Resolution and approve the final Assessment Roll for Fiscal Year 2015- 2016. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF OKALOOSA COUNTY, FLORIDA, AS FOLLOWS: SECTION 1. RECITALS. The above recitals are adopted and incorporated as part of this Resolution. SECTION 2. AUTHORITY. This Initial Assessment Resolution (“Resolution”) is adopted pursuant to the Ordinance, Chapter 125, Florida Statutes, Article VIII, Section 1, Florida Constitution, and other applicable provisions of law. SECTION 3. DEFINITIONS. All capitalized words and terms not otherwise defined herein shall have the meanings set forth in the Ordinance. As used in this Resolution, the following terms shall have the following meanings, unless the context hereof otherwise requires: "Assessment" means an annual special assessment imposed against property located within the Destin Subarea of the MSBU to fund the Project Cost of Beach Restoration within that subarea, and related expenses. "Assessment Coordinator” means the Director of the Okaloosa County Tourist Development Department, or his designee, to administer and coordinate Assessments. "Assessment Period" means the time period estimated by the County during which Assessments are imposed for any portion of the Obligations that remain 2 outstanding unless otherwise prepaid. The Assessment Period shall be established as eight (8) years commencing with Fiscal Year 2008. "Assessment Ro