Resolution - Stormwater Preliminary Non-Ad Valorem Assessment Rate

CITY OF DANIA BEACH

Agenda Request Item

Type of Request: Resolution

(Adopt Resolution, Adopt Ordinance (1st Reading) Adopt Ordinance (2nd Reading)

Award Bid /RFP, Presentation, Public Hearing)

Continued from:

Requested Action        (Identify appropriate Action or Motion)

Approve Resolution

Description of Action

The Administration recommends maintaining the City’s existing annual Stormwater assessment rate at existing levels (residential home ERU = $40 yr.).  This funding is being used to maintain the City’s existing stormwater management system.  Funds are also being used to fund debt service payments on new loans that are being used to expand and improve the City’s stormwater management infrastructure.

Purchasing Requests ONLY
Dept:	Acct #:	Amt: $1,922,040       @ 95% collection
Fund:  Stormwater  (Select from: General, Water, Sewer, Stormwater, Grants, Capital)

Fiscal Impact/Cost Summary

Annual gross assessment is estimated at $2,023,200 subject to a collection realization rate of 95%.

Exhibits Attached

Resolution