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91-R-40RESOLUTION NO. 91-R-40 A RESOLUTION AMENDING RESOLUTION NO. 91-R.9, RELATING TO SPECIAL ASSESSMENTS WITHIN THE FLORIDA SHORES IMPROVEMENT AREA SPECIAL ASSESSMENT DISTRICT. BY AMENDING APPENDIX B THERETO, RELATING TO THE METHOD OF APPORTIONMENT OF ASSESSMENTS, TO PROVIDE FOR EQUIVALENT LOTS AND TO PROVIDE FOR A SINGLE INITIAL APPORTIONMENT TO IRREGULAR PARCELS; PROVIDING AN EFFECTIVE DATE. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EDGEWATER, FLORMA: Section 1. Resolution No. 91-11-9, relating to special assessments within the Florida Improvement Area Special Assessment District, is acsended by substituting the attached Appendix B, Apportionment Method, in lieu of the Appendix B attached to Resolution No. 91-R-9. Section 7, This resolution shall take effect immediately upon its aftopt<om This Resolution was introduced and sponsored by Co not I �r -Mo p < 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 8th day of July, 1991, and authenticated as provided by law. Roll Call Vote on Resolution No. JL4±as follows: Attest: City -Clerk „ sufficiency. Approved as to legal form and suciency. For use and reliance of City of Edgewater only. City Attorney U 07/0e/91.0099•A=.daee ..,. ~ APP.ftbD: "B" APPORTIONMENT IIBTHOD SECTION B-1. I1n'RODUCTlON. The Cost of the Project shall be apportioned among all parcels of real property wtth1n the Dlstr1ct in conformity With the Apportionment Method establ1shed 1n this AppendJx: B. Upon the completion of the plans and apec1ftcatJons for the conatructlon of the Project. the City Engineer shall prepare the Assessment Roll by compu~ the IniUal Spec1a1 Auessl11e.nta (as de1lned in Section B-3 hereof) in accordance With Section B-5. aCTION B-2. declared that: A 'the purpose ot the Project is to provide wastewater collection fac1l1t1es including any necessary road restoration and resw1ac1ng. a portion of an advanced treatment plant and reuse distribution facWties Within the Dt8tdct to improve the general health, safety and welfare of all reaJdents in the District and to fmpro7e the ut1llty and enJO)ment of all parcels of property within the Dletnct. B. The majOrity of the existing parcels within the District col18l8t of discrete multiples of standard size platted lots and W1ll derive a beneftt from the prOY181on of wastewater 8e%V1ce based on the number of un1formly platted Iota which constitute each ind1Vidual parcel. It 18 further recognized that a minhnwn of two (2) unltormly platted lots 18 required to constitute a 8tngle parcel. C. Wastewater collection fac1lIty project COlts shall be apporttoned among Benefitted Parcels based upon the number of untfOrmly platted EauJvall!nt II.ots which constitute the Benefited Parcel. J1NDINQfJ. It 18 hereby aecertained. determined and D. Wastewater treatment and effluent disposal project coste (t.e. reuse d1str~butlon) shall be apportioned among Benefited Pare. baaed upon the number of EqUIvalent Parcels as defined in Section B-3. which constitute the' Beneated Parcet.4ft the ielk.-/tftg m&rRefi ~... ... ~-- f~=*~ f .,......~. Pluee.. ~: ~~ l() il 12 18 j j ~. ~ =- SECTION B-S. DBPIlUTION'S. For purpoeee of applymg the Apportionment Method established in th1s Appendix B. the following wordaand terms shall have the following meanings, unless some other meamne 11 pllUnly Intended. IlADqual PQmeat'l shall mean Slit fwelHi.eth (1/29) ef!he aBunmt ef the hla1 A8.~~~a1an~;~~t.15~~~r~~ :: ~ =~ =~t~: ~~ i~7.162."1fon.a;~,:,~:.~ The worda Annual lJCI.A)1/OS/81-S083.BI-App-B .1- 'W' ...." Payment. Assl!88Inent. Spedal Assl!88Inent and FInal A8eeaement are aometImee UIe<\ interchangeably. "Au-.mellt Period" shall mean the Period co~ on the date the F'1nal Aaseoement Resolution Is adopted and endlng on the elate the ilnlll scl1edu1ed Annual Payment 1s due. "BeneSted Pazeel" shall mean all ParceIa Wltb1n the Dtstrict. 88 deatgnated On the Aale88ment RDIl. that will receive wastewater collecUon, treatment. and reuee dtstrtbuUon service as a result of the Project. ''llQ.w'ftlQt Lat" IhalIIt1eo.q II Iti1l1dard platted lilt ~ road froo!blf" Ilf 4Q ~ "EqulY"ent Parcel" shall mean a parcel of property. either recently in eld8tence or which could be created in the fUture by an In-eguIar Parcel Subdiv1aion. encom)lll88lng 2 fe.Bo':;':"~ acjJoIJ1In& platted ~~!", BaeIl1lr=~ Plweel shall eel 8eel'ReEl te ee ----t 8ft( EfItB~'tient p =--~ ad~~Leifh. ''1D1t1a1 'peotal AMellm_t" shall mean the Spedal Assessment bnpoaed on all Benefitted Parcels, as designated on the Assessment Roll approved by the F1nal Assessment Resolution under the proVisions or the Ordinance. "lrre(u1ar Parcel" shall mean a parcel of real property witb1n the Dfatrict., now In llldstence or hereafter created. contalnlng four 01' more acllolnlna platted EQJ.I"llI.1tmt Lots. "~ Pucel lubdlYtllloD" shall mean the subdtVislon or resubdfV1a1on of an Irregular Parcel. whether by platting, or by the transfer, sale or other conveyance by a metes a.."ld bounds or other legal description, that occurs subsequent to adoptton of the Assessment Roll so as to create more than one or more additiOnal parce~ of real prop~J. whether Regular Parcels Or Irregular Parcels. "R.apport1oned 'peclal "'-.umeAt" shall mean the SpecUll AsSCSS1X1ent apportioned to a Subd1v1s1on Parcel as set forth herem. tlaelUlu Parael" shall mean 2 to 3 aCUo1nJng Platted EQutwle!'\1.ijJ)ts W1th1n the Dfstrict. now in exf8tence or hereafter created Or an unplatted parcel of real property within the District With an area equal to or 2 to 3 ac:Uotnmg platted EcpltVRlent ~ts now in existence or hereafter created. "8peclal ANe8lllleat" shall mean the rn!~1al Spec1al Aaseelment or any Reapportloned Spec1al Assessment fmt)rlsed OIl a parcel of real propey~y \\'1th1n the D1Strict to pay e. portion of the COlt of Ute Project. "lubcUvldecl PUCelll" shall mean the parcels of real property, whether Regular Parcels or Irregular Parcels. resultlng from an Irregular Parcel Subdivision. IBOTION B-4. ClT't" PARTICIPATION. The City D:1ay advance fund. from 1ts other legaUy available revenues to pay a portion of the Coste of the PrOject. Any Reimbursement to the City of Funds Advanced. 8hall not conat1tute a protlt to the City over and above actual costs as dei1ned in the Ordinance. Therefore. the City ehaJl not collect Annual Payments in excess of the amount necessary to (1) ret1re the Bonda secured by the Special Assessments and eU) repay all amounte advanced by the C1ty l.KIA)7/05/91-3083-S1-ApP_B .2. ~ ' ... .."., With Interest thereon at a rate equal to the true Interest cost of the Bonds IIeeured by the Special A8sesements. AnIf surplus abaII be refunded proportionately unless the coat of the refund exceeds the amount of the surplus In whICh cae the 8Jl1OUnta shall be applled to other lmPJ'QVements wlthln the Ofatrlct wblch will enhance the value of Benefited Parcels in the same manner as the ProJect. &zenON B-a. COMPllTA110N OJ' DIITLU. IJIBCIAr.. A8IIIl"""taT8. The initial SlledaI A8seaan;ent f~ e~-n ~UZ:U~t ~ ~~J= ..z ~1$~r:~~;::o~;.-==: :1 =~~~=:~nitr~ ~~m~n~:~~~'i;:;:'7en~~~% - . ...}'i - . _ _ prQ/~ ~:~ to~~= ~~~~:;=:.n~ ==~ dl.'IIllIaI filcijll1ea Upon the .....lRee e( IleRllo see_Ii lly ihe Slleeloll._~etlll.J1 JJ! tbe Profect, the amount of each InItlaI SpecJaI ~ ~ be reduced. Without further notice to the owners of the Benefited Parcels. to an amount determtnedl]Bby r:::~ ::er:=- ~ t :.:.:..~~ .::: ~~~==e~~~~~m::::~"4tlltI~d~ paraiJ'apha fa) and (hI a~vp. wi A tA. ,zCTlON B..I. ANNUAL PA1'ImNT8. Any Spec1a1 Asses.menta that are not prepaid five bUSiness days prior to the date on which the eU;y enters into a contract prOVid1ng for the sale of Bond secured by the SPedal Assessments shall bear Interest at a rate equal to the 1rue Interest coat ot such Bonda and abaII be payable In twenty (20ll:llllllLAimual ~ts. The Annual Pl\ynumts abaII apply flrat ll.lnter...t accrued 1n re'spect (Jf the Spec1al Assessment and thereafter to the unpaid balance of the Sp~ A8s_ent.~~~~~~~rn: ~I~~~ ~~~;a;" ==i with ~ri;B'!l. :e:::.~ft~_~~ ~~~~;~ ~-s;a.~=~=:~:i.=W ~:; ;=.~ ~S~iE~~~~ ~~ ==:a~'lhe";_~-::=,-~-:':;:: =- .~~. ~J' ~ r::-= ...-=: ~!a~$~~~==~ ~~~~~e5 ::=~~ J:. In fe10m Hi ~= == :: ~ =. lJCL.01/06/81-308S.S1-App-S -a. .,. ~ ~~1E~~== =::=u:~~~=. 8BCTION B.e:z. IltREGULul PARCBl, 8VBDm810N'S. Upon the ClCCU1Tence of an Irregular Parcel Subd1vla!on for an Irregular Parc~ ~ ;::::~ a Peehte1'e8 ef 1_ Bf!\:Ii...J1tieftt P8Feel.'\sses_eftt 1ft aeeerelanee 1\ ;,,; ~ B-3. any new Equivalent Parcels l'eIIultlng &om 8ll1d SubcliYlsion 8baU be requlred to pay the PreY81l1ng wastewater lyatem llnpact fee to secure treatment and eflluent cl1sposal 8y8tem capaCIty. The wastewater collection &pecIal USI!ll8mcnt wlI1 conUnue to be apllOrtloned to the 8ubd!VIded P&rcels baaed on the number of platted EQual1vane -II.ots constituting each parcel. 'BCTlOK B-I-OI. PINAL UCON'CILIATlON 01' IRUOVLAIt PAIlCBL 8PBCw. A8b88UUT8. Notwlthstancllni ~ contalned bereln to the con~. upon pa)'lnent of all required Annual Payments, the rema1n1ng balance. if any, of Spec1al Assessments imposed agaJnst any In'egular Parcel shall be eatfsfied. 8BCTlOW' B-Na. APPUCATJON Oil' APPORTlOlUlMT IIBTBOD. The applicatlon of the Apportionment Method eatabllahed by tbJa Appendlx B 18 IIluatIated by the follOWIng example. The hypotheUcalllnJ>rOvement area and ~t roIla hil17e been 8llnpl1fted for purpoaee of Wuatratlng the ~t Method. For purpoaes of th1s example only, it 18 aaswned that 1ntereat charged for defen-ed payment of the SpecJal Assessment is at the rate of 5.5 percent per annum. The bastc data for the hypothet1cal1mprovexnent area 18 a8 followe: Annual Payment. Wastewater Collection Lot Annual Payment - Wutewater Treatment and Effiuent DiSposal Number of Annual Payment Interest Rate $98. '999. U Per PJaUe4EouMd..nt S9.9447.11 Per EqU1\'81ent Parcel 20 5.5% IJclAJ1/0lS/e 1.S083-BI-App-S -4-