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91-R-9 (1)RESOLUTION NO. 9/4 / A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EDGEWATER, FLORIDA, ORDERING THE ACQUISI- TION AND CONSTRUCTION OF A PROJECT CONSISTING OF CONSTRUCTION OF A WASTEWATER COLLECTION SYSTEM INCLUDING ANY NECESSARY ROAD RESTORA- TION AND RESURFACING, A PORTION OF AN ADVANCED WASTEWATER TREATMENT PLANT, AND WASTEWATER REUSE DISTRIBUTION FACILITIES, ALL WITHIN THAT PORTION OF THE CITY OF EDGEWATER, FLORIDA, INCLUDED WITHIN THE BOUNDARIES OF THE FLORIDA SHORES IMPROVEMENT AREA; DETERMINING THE ESTIMATED COSTS OF THE PROJECT AND THE ESTI- MATED COST TO BE PAID BY THE CITY; DETERMINING THAT CERTAIN REAL PROPERTY WILL BE SPECIALLY BENEFITED BY THE ACQUISITION AND CONSTRUCTION OF SAID PROJECT; ESTABLISHING THE METHOD OF ASSESSMENT OF THE COSTS OF THE PROJECT AGAINST THE REAL PROPERTY THAT WILL BE SPECIALLY BENEFITED; DIRECTING THE CITY ENGINEER TO PRE- PARE OR CAUSE TO BE PREPARED PLANS, SPECIFICA- TIONS AND ESTIMATES OF COST FOR SUCH PROJECT AND A TENTATIVE ASSESSMENT ROLL BASED UPON SUCH METHOD OF ASSESSMENT; DETERMINING AND PROVIDING FOR THE MANNER AND METHOD OF COMPUT- ING SUCH SPECIAL ASSESSMENTS TO FINANCE SUCH PROJECT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Edgewater, Florida (the "Council"), on March 11, 1991 , enacted ordinance No. 11-0 '( (the "ordinance"), which ordinance created the Florida Shores Improvement Area Special Assessment District (the "District") to provide construction of a wastewater collection system including any necessary road restoration and resurfacing, a portion of an advanced wastewater treatment facility, and waste- water reuse distribution facilities (the "Project") in a portion of the City of Edgewater, Florida (the "City"); WHEREAS, the Council finds and determines it to be necessary for the continued preservation of the health, welfare, convenience and safety of the property owners in the District and the inhabi- tants of the City, to provide, acquire, construct and maintain the Project within the District and to defray a portion of the costs of the acquisition and construction of the Project by special assessments against property specially benefited; WHEREAS, the Council is required by the Ordinance to approve the plans, specifications, estimated Cost and Assessment Roll for the Project and to levy and impose Special Assessments; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EDGEWATER, FLORIDA, AS FOLLOWS: SECTION 1. AUTHORITY. This Resolution is adopted pursuant to the provisions of the Ordinance, Chapters 166 and 197, Florida Statutes (1990), Section 7 and 43 of the City Charter, and other applicable provisions of law. SECTION 2. PURPOSE AND DEFINITIONS. This Resolution is the Initial Assessment Resolution as defined in the Ordinance. All capitalized words and terms in this Initial Assessment Resolution shall have the meanings defined in the Ordinance. SECTION 3. AUTHORIZATION OF PROJECT. The Council hereby authorizes and orders the acquisition and construction of the Project, as more specifically described in Appendix A attached hereto, all such wastewater collection and reuse distribution -2- facilities and ancillary improvements to be located within the District and the portion of the capacity of the wastewater treat- ment facility to be paid for pursuant hereto to be allocated specifically to the District. SECTION 4. DESCRIPTION OF PROPERTY SPECIFICALLY BENEFITED. The Council hereby finds and determines that all parcels of real property within the District shall be specially benefited by the acquisition and construction of the Project. The Cost of the Project to be funded by Special Assessments is estimated to be $20,247,484. The Cost of the Project shall be assessed against the benefited property, as provided in the Ordinance, under the method of apportionment established in Appendix B (the "Apportion- ment Method"). The City may advance funds in financing the Project to the extent and in the manner described in Appendix B. SECTION S. PLANS AND SPECIFICATIONS, ESTIMATED COSTS AND THE ASSESSMENT ROLL. The City Engineer is hereby directed to prepare, or cause to be prepared, in triplicate, plans and specifi- cations and a final estimate of the Cost of the Project, and to prepare, or cause to be prepared, in triplicate, the Assessment Roll in the manner provided in the ordinance. The City Engineer shall apportion his final estimated Costs of the Project among the parcels of real property within the District as reflected on the Tax Roll in conformity with the Apportionment Method established -3- in Appendix B. Such plans, specifications, estimates of Cost and the Assessment Roll shall be filed by the City Engineer with the Clerk and Assessment Coordinator as provided by the Ordinance. SECTION 6. DESCRIPTION OF SPECIAL ASSESSMENTS. The Cost of the Project shall be assessed against all parcels of real prop- erty within the District in accordance with the benefits received by such property as provided in Section 4 of this Resolution and designated on the Assessment Roll. All special assessments will be collected and shall be payable as provided by the terms of the Ordinance, this Initial Resolution and the Final Resolution. SECTION 7. NOTICE BY PUBLICATION. The Clerk, upon the filing with her of the plans and specifications and the Assessment Roll, shall publish a notice in the manner and the times provided in Section 4.05 of the Ordinance in substantially the form attached hereto as Appendix C establishing the public hearing to hear objec- tions of all interested persons to the Project, the plans, specifi- cations, estimated Cost of the Project and the Assessment Roll. Such notice shall state (1) in brief and general terms a descrip- tion of the Project and its general location; (ii) the manner in which a person may object; (iii) and that the plans, specifica- tions, estimated Cost of the Project and the Assessment Roll are on file with the Clerk and the Assessment Coordinator for inspec- tion by all interested persons. -4- SECTION S. NOTICE BY MAIL. The Clerk shall, at the time and in the manner specified in Section 4.06 of the ordinance, mail a copy of such notice to each property owner proposed to be assessed at the address indicated on the Tax Rolls. SECTION 9. EFFECTIVE DATE. This Resolution shall take effect immediately upon its adoption. This Resolution was introduced and sponsored by C,,,,,,cilpergon Martin and was read and passed by a vote of the City Council of the City of Edgewater, Florida at a Special meeting held on the 11 day of March 1991, and authenticated as provided by law. Roll Call Vote on Resolution No. 91-R-9 as follows: r� C TA YA B. �ESSLER, Mayor N ORAJANE GILLESPIE, Councilwoman MICHAEL D HAYS, Councilman -5- C O \L�.& LOUISE A. MARTIN, Councilwoman Approved as to legal form and sufficiency. For use and of City of Edgewater only. Ci y Attorney WP-1704NC/22967/91001-2 03/11/91.ii1 -6- Project Narrative Project Description PROJECT DESCRIPTION A-1 APPENDIX A APPENDIX B APPORTIONMENT METHOD SECTION B-1. INTRODUCTION. The Cost of the Project shall be apportioned among all parcels of real property within the District in conformity with the Apportionment Method established in this Appendix B. Upon the completion of the plans and specifi- cations for the construction of the Project, the City Engineer shall prepare the Assessment Roll by computing the Initial Special Assessments (as defined in Section B-3 hereof) in accordance with Section B-5. SECTION B-2. FINDINGS. It is hereby ascertained, determined and declared that: A. The purpose of the Project is to provide wastewater collection facilities including any necessary road restoration and resurfacing, a portion of an advanced treatment plant and reuse distribution facilities within the District to improve the general health, safety and welfare of all residents in the District and to improve the utility and enjoyment of all parcels of property within the District. B. The majority of the existing parcels within the District consist of discrete multiples of standard size platted lots and will derive a benefit from the provision of wastewater service B-1 based on the number of uniformly platted lots which constitute each individual parcel. It is further recognized that a minimum of two (2) uniformly platted lots is required to constitute a single parcel. C. Wastewater collection facility project costs shall be apportioned among Benefited Parcels based upon the number of uniformly platted lots which constitute the Benefited Parcel. D. Wastewater treatment and effluent disposal project costs (i.e. reuse distribution) shall be apportioned among Benefited Parcels based upon the number of Equivalent Parcels as defined in Section B-3, which constitute the Benefited Parcel in the following manner: / of Adjoining Platted Lots 0-3 4-5 6-7 7-9 10-11 12-13 A of Equivalent Parcels 1 2 3 4 5 6 SECTION B-3. DEFINITIONS. For purposes of applying the Apportionment Method established in this Appendix B, the following words and terms shall have the following meanings, unless some other meaning is plainly intended. "Annual Payment" shall mean one twentieth (1/20) of the amount of the Final Assessment. The words Annual Payment, Assessment, B-2 Special Assessment and Final Assessment are sometimes used inter- changeably. "Assessment Period" shall mean the period commencing on the date the Final Assessment Resolution is adopted and ending on the date the final scheduled Annual Payment is due. "Benefited Parcel" shall mean all Parcels within the District, as designated on the Assessment Roll, that will receive wastewater collection, treatment, and reuse distribution service as a result of the Project. "Equivalent Parcel" shall mean a parcel of property, either recently in existence or which could be created in the future by an Irregular Parcel Subdivision, encompassing 2 to 3 adjoining platted Lots. Each Irregular Parcel shall be deemed to constitute one Equivalent Parcel for each 2 adjoining platted Lots. "Initial special Assessment" shall mean the Special Assessment imposed on all Benefited Parcels, as designated on the Assessment Roll approved by the Final Assessment Resolution under the provi- sions of the Ordinance. "Irregular Parcel" shall mean a parcel of real property within the District, now in existence or hereafter created, containing four or more adjoining platted Lots. "Irregular Parcel subdivision" shall mean the subdivision or resubdivision of an Irregular Parcel, whether by platting, or by B-3 the transfer, sale or other conveyance by a metes and bounds or other legal description, that occurs subsequent to adoption of the Assessment Roll so as to create more than one or more additional parcels of real property, whether Regular Parcels or Irregular Parcels. "Reapportioned Special Assessment" shall mean the Special Assessment apportioned to a Subdivided Parcel as set forth herein. "Regular Parcel" shall mean 2 to 3 adjoining platted lots within the District, now in existence or hereafter created or an unplatted parcel of real property within the District with an area equal to or 2 to 3 adjoining platted lots now in existence or hereafter created. "Special Assessment" shall mean the Initial Special Assessment or any Reapportioned Special Assessment imposed on a parcel of real property within the District to pay a portion of the Cost of the Project. "Subdivided Parcels" shall mean the parcels of real property, whether Regular Parcels or Irregular Parcels, resulting from an Irregular Parcel Subdivision. SECTION B-4. CITY PARTICIPATION. The City may advance funds from its other legally available revenues to pay a portion of the Costs of the Project. Any Reimbursement to the City of Funds Advanced, shall not constitute a profit to The City over and above actual costs as defined in The Ordinance. Therefore, The City B-4 shall not collect Annual Payments in excess of the amount necessary to (i) retire the Bonds secured by the Special Assessments and (ii) repay all amounts advanced by the City with interest thereon at a rate equal to the true interest cost of the Bonds secured by the Special Assessments. Any surplus shall be refunded proportionately unless the cost of the refund exceeds the amount of the surplus in which case the amounts shall be applied to other improvements within the District which will enhance the value of Benefited Parcels in the same manner as the Project. SECTION B-5. COMPUTATION OF INITIAL SPECIAL ASSESSMENTS. The Initial Special Assessment for each Equivalent Parcel shall be determined by computing the principal amount which can be amortized by the Annual Payment over a period of twenty (20) years at an interest rate of 5.5 percent per annum, based on a 365-day year. Upon the issuance of Bonds secured by the Special Assessments, the amount of each Initial Special Assessment shall be reduced, without further notice to the owners of the Benefited Parcels, to an amount determined by computing the principal amount which can be amortized by the Annual Payment over the period such Bonds will be outstand- ing at an interest rate equal to the true interest cost of such Bonds. SECTION B-6. ANNUAL PAYMENTS. Any Special Assessments that are not prepaid five business days prior to the date on which the City enters into a contract providing for the sale of Bonds secured B-5 by the Special Assessments shall bear interest at a rate equal to the true interest cost of such Bonds and shall be payable in twenty (20) Annual Payments. The Annual Payments shall apply first to interest accrued in respect of the Special Assessment and thereafter to the unpaid balance of the Special Assessment. SECTION B-7. REDUCTION OF CERTAIN IRREGULAR PARCEL SPECIAL ASSESSMENTS UPON DEMONSTRATION OF ENFORCEABLE USE RESTRICTIONS. If at any time up to the final adoption of the Assessment roll at the Equalization Hearing, it is demonstrated to the satisfaction of the City Attorney that an Irregular Parcel cannot lawfully be subdivided or utilized in a manner which would create a number of Regular or Subdivided Parcels equal to the number of Equivalent Parcels represented by the Special Assessment against such Irregular Parcel, the Special Assessment shall be reduced to an amount representative of the number of Regular or Subdivided Parcels that may lawfully be created from such Irregular Parcel. SECTION B-S. REDUCTION OF CERTAIN IRREGULAR PARCEL ASSESS- MENTS UPON EXECUTION OF AFFIDAVIT OF INTENT AND PAYMENT AGREEMENT. If at any time up to the final adoption of the Assessment Roll at the Equalization Hearing, the owner of an Irregular Parcel (i) executes an affidavit, in form and substance acceptable to The City Attorney, to the effect that such Irregular Parcel will not be subdivided prior to the end of the Assessment Period; and (ii) enters into an agreement with The City, in form and substance B-6 satisfactory to The City Attorney, providing for reinstatement of the full Special Assessment (subject to credit for Annual Payments actually made and applicable abatements, if any) if such Irregular Parcel is subdivided prior to the end of the Assessment Period, the Special Assessment shall be reduced to an amount reflecting one Equivalent Parcel. SECTION B-9. IRREGULAR PARCEL SUBDIVISIONS. Upon the occurrence of an Irregular Parcel Subdivision for an Irregular Parcel which has received a reduction of its Equivalent Parcel Assessment in accordance with Section B-7 or B-8, any new Equivalent Parcels resulting from said Subdivision shall be required to pay the prevailing wastewater system impact fee to secure treatment and effluent disposal system capacity. The wastewater collection special assessment will continue to be apportioned to the subdivided parcels based on the number of platted lots constituting each parcel. SECTION B-10. FINAL RECONCILIATION OF IRREGULAR PARCEL SPECIAL ASSESSMENTS. Notwithstanding anything contained herein to the contrary, upon payment of all required Annual Payments, the remaining balance, if any, of Special Assessments imposed against any Irregular Parcel shall be satisfied. SECTION B-11. APPLICATION OF APPORTIONMENT METHOD. The application of the Apportionment Method established by this Appendix B is illustrated by the following example. The hypothe- FWA tical improvement area and assessment rolls have been simplified for purposes of illustrating the Apportionment Method. For purposes of this example only, it is assumed that interest charged for deferred payment of the Special Assessments is at the rate of 5.5 percent per annum. The basic data for the hypothetical improvement area is as follows: Annual Payment -Wastewater Collection $93.79 Per Platted Lot Annual Payment - Wastewater Treatment and Effluent Disposal 50_24 Per Equivalent Parcel Number of Annual Payment Interest Rate 20 5.5 % The foregoing data results in the following initial Assessment Roll: B-8 f \ � § APPENDIX C 199 NOTICE TO PROPERTY OWNERS OF INTENT TO LEVY CERTAIN SPECIAL ASSESSMENTS AND CONFIRM RESOLUTION NO. OF THE CITY COUNCIL OF THE CITY OF EDGEWATER, FLORIDA, ORDERING THE ACQUISITION AND CONSTRUCTION OF ASSESSABLE WASTEWATER COLLECTION AND TREATMENT FACILITIES, WASTE- WATER REUSE DISTRIBUTION FACILITIES AND ANCILLARY ROAD RESTORATION, RESURFACING AND DRAINAGE IMPROVEMENTS IN THE FLORIDA SHORES IMPROVEMENT AREA SPECIAL ASSESSMENT DISTRICT TO ALL PROPERTY OWNERS WITHIN THE FLORIDA SHORES IMPROVEMENT AREA SPECIAL ASSESSMENT DISTRICT: Pursuant to Ordinance No. . enacted on (the "Ordinance"), by the City Council of the City of Edgewater, Florida (the "Council"), the Council created the Florida Shores Improvement Area Special Assessment District (the "District"). You are hereby notified that the Council will hear objections of all interested persons to the approval of the plans and specifications, the estimated Costs and an Assessment Roll for the imposition of special assessments against all parcels of real property within the boundaries of the District for the construction of wastewater collection, treatment and reuse distribution improvements and to Resolution No. _ of the Council, adopted on (the "Initial Assessment Resolution"). A public hearing C-1 to hear such objections will be held at _.m., in the City Council Meeting Room at City Hall, 104 North Riverside Drive, Edgewater, Florida. The Initial Assessment Resolution authorized and ordered construction of a wastewater collection system, a portion of an advanced wastewater treatment plant, reuse distribution facilities, restoration, resurfacing or other improvements, including ancillary drainage improvements to the property within the District (the "Project-'), a portion of the cost of which is to be repaid from special assessments upon benefited property within the District as set forth in the Ordinance. Plans and specifications, estimated costs and the Assessment Roll for the proposed Project are on file with the City's Assessment Coordinator and the City Clerk. The Assessment Roll provides the tentative apportionment of costs of the Project to the benefited properties within the District. Special assessments shall be levied and imposed on all benefited properties within the District in an amount equal to the apportion- ment of the estimated Cost of the Project to each benefited property based on the method of apportionment established in the Initial Assessment Resolution. Amounts to be assessed against a lot or parcel of property may be ascertained at the office of the City Clerk by an examination of the filed Assessment Roll. Each special assessment shall constitute a lien upon the .property so assessed from the date the hereinafter described Final Assessment Resolution C-2 is adopted to the same extent and nature as the lien for general City taxes. Therefore, all interested property owners are encouraged to review the plans, specifications, estimated costs and the Assessment Roll. Subsequent to conducting the public hearing described above, the Council shall consider adoption of a resolution (the "Final Assessment Resolution"), which shall provide, among other things, for (1) approval of the plans and specifications, estimated costs of the Project and the Assessment Roll for the Project, with such changes as are deemed just and right by the Council, (2) confirma- tion of the Initial Assessment Resolution, with such amendments as may be desired by the Council, (3) establishment of special assess- ments, and (4) establishment of various terms of such special assessments, including the times during which prepayments may be made and the amount of premium and interest payable thereon. The Final Assessment Resolution will confirm the Assessment Roll and will provide for the terms on which payment of special assessments may be made and will provide the rate of interest the special assessments, which are not prepaid, shall bear. Delinquent special assessments shall be collected as provided in the Ordinance. All objections to the adoption by the Council of the Final Resolution shall be made in writing and filed with the City Clerk before the time or adjourned time of such hearing. C-3 At the time set forth above, or to which an adjournment may be taken by the Council, the Council will receive any objections of interested persons and may then or thereafter consider adoption of the Final Resolution. The adoption of the Final Resolution shall be the final adjudication of the issues presented (including, but not limited to, the method of apportionment of the special assessment, the validity of the Assessment Roll, the plans and specifications, the estimated costs of the Project, the levy and lien of the special assessments, the interest rate the special assessments shall bear, and the terms of prepayment of the special assessments) unless proper steps shall be initiated in a court of competent juris- diction to secure relief within 20 days from the date of Council action on its Final Resolution. You are advised that any person wishing to appeal any decision of the Council with respect to any matter considered will need a record and may wish to ensure that a verbatim record is made. If you have any questions, please contact at City Hall, (904) 428-3245. ' CITY COUNCIL CITY OF EDGEWATER, FLORIDA [TO BE PUBLISHED AND HAILED NOT LESS THAN 20 CALENDAR DAYS (INCLUDING SATURDAYS, SUNDAYS AND LEGAL HOLIDAYS) PRIOR TO THE DATE OF THE SHARING] C-4