Placement: Resolutions
Action Requested: Motion / Vote
title
Resolution 21-R112, A Resolution of the City of Port St. Lucie, Florida, Relating to the Levy of Special Assessments Against the Lands and Real Estate Within the City That Are Specially Benefitted By Certain Stormwater, Roadway, Water and Wastewater Improvements and Which Are In an Area Known as the Southwest Annexation Special Assessment District No. 1; Adopting and Approving the Revised and Updated Assessment Roll With Respect to Such Special Assessments; Providing for Severability; Providing an Effective Date.
body
Submitted By: Irene Sorensen, Assessment/Property Tax Manager, Financial Management Department.
Strategic Plan Link: The City’s Mission to provide exceptional municipal services.
Executive Summary (General Business): The attached Resolution provides an updated and revised Southwest Annexation District No.1 Assessment Roll for fiscal year 2021/2022. This roll incorporates new plats and ownership changes within the special assessment district.
Presentation Information: N/A.
Staff Recommendation: Move that the Council approve the resolution.
Alternate Recommendations:
1. Move that the Council amend the recommendation and adopt the resolution.
2. Move that the Council not approve the resolution and provide staff direction.
Background: Resolution 10-R64 established the annual assessments to be paid over thirty (30) years by the owners of the benefitting parcels within the Southwest Annexation Special Assessment District No. 1(also known as “Southern Grove”). Ordinance 16-41 extended the assessment period by five years. The final debt service payment is due FY2044/2045.
Issues/Analysis: The 2021 assessment roll includes changes to the roll effective Fiscal Year 2021 as outlined in Exhibit C and GFC sales that closed prior to August 31st, 2021.
Financial Information: The annual assessment due to the City for fiscal year 2021/2022 is $7,170, 695.66. This is expected to be paid by way of special assessments on the 1,221 benefitted properties within the special assessment district and will be collected through the non-ad valorem portion of the November 2021 real estate tax bill. The annual payment due from GFC, Mattamy and all other parcels is $3,952,706.02, $1,003,614.40 and $2,214,375.24 respectively. In comparison to the 2020 assessment roll, this is a reduction of annual principal and interest in the amount of $557,072.11 for GFC, $234,311.85 for Mattamy, and a total increase to all other parcels of $739,127.31. The total annual billing reduction of $52,256.65 principal and interest is due to one parcel that paid the assessment in full 12/21/2020.
Special Consideration: Approval of this Resolution is necessary to submit the 2021 Assessment Roll to the St Lucie Tax Collector no later than September 15, 2021, as required by law.
Location of Project: Southwest Annexation SAD No.1 (aka Southern Grove).
Attachments:
1. Resolution 21-R , Southwest Annexation District No.1 2021 Special Assessment Roll.
2. Exhibit A: Southwest Annexation District No.1 2021 Special Assessment Roll.
3. Exhibit B: Certificate of Non-Ad Valorem 2021 Southwest Annexation District No.1 Assessment Roll.
4. Exhibit C: Changes to the 2021 Southwest Annexation District No.1 Assessment Roll.
NOTE: All of the listed items in the “Attachment” section above are in the custody of the City Clerk. Any item(s) not provided in City Council packets are available upon request from the City Clerk.
Internal Reference Number: 7014
Legal Sufficiency Review:
Reviewed by Sebastian Poprawski, Deputy City Attorney. Approved as to Legal form and sufficiency by James D. Stokes, City Attorney.