Okaloosa County BOCC — August 2, 2016 — Public Hearing for Resolution setting assessments for Falcon Way and — agenda request

BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: August 2, 2016 TO: Honorable Chairman and Members of the Board FROM: Jason Autrey SUBJECT: Public Hearing for Resolution setting assessments for Falcon Way and Eagle Way DEPARTMENT: Public Works BCC DISTRICT: 1 STATEMENT OF ISSUE: On February 16, 2016, the Board created the Pines and Triple Lake Municipal Service Benefit Unit for road improvements. A sufficient number of petitions have been received for the improvement of Falcon Way and Eagle Way within the MSBU. On June 21, 2016, the Board adopted the Preliminary Assessment Resolution to impose the assessments to fund the construction of the roads. The Final Assessment needs to be approved to actually levy the assessment against the benefited properties so that the improvements may proceed. 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 was the adoption of a Preliminary Assessment Resolution which established the proposed rate for the assessment and scheduled a public hearing for the adoption of a Final Assessment Resolution which will actually impose the assessment. The Preliminary Assessment Resolution was approved by the Board on June 21, 2016. Pursuant to the Preliminary Assessment Resolution, published and individual mailed notice was provided to each property that would be subject to 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. The actual assessments for the improvements are imposed through the adoption of the Final Assessment Resolution which is presently before the Board. The assessments, if imposed by the Board, will first appear on the November 2016 tax bill. OPTIONS: Approve/Disapprove. RECOMMENDATIONS: Approve the Final Assessment Resolution imposing special assessments to fund construction of road improvements on Eagle Way and Falcon Way. RECOMMENDED BY: APPROVED BY: John Hofstad, County Administrator