Placement: Resolutions
Action Requested: Motion / Vote
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Resolution 25-R50, 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 Benefited 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 Conflict; Providing for Severability; and Providing an Effective Date.
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Submitted By: Jaimee Cass, Assessment/Property Tax Manager, Finance
Strategic Plan Link: The City's Mission to provide exceptional services.
Executive Summary (General Business): The attached Resolution provides an updated and revised Southwest annexation District No.1 Assessment Roll for fiscal year 2025/2026. This roll incorporates new plats, payoffs, 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 fiscal year 2044/2045.
Issues/Analysis: The 2025 assessment roll includes changes to the roll effective Fiscal Year 2025 as outlined in Exhibit C.
Financial Information: The annual assessment due to the City for fiscal year 2025/2026 is $7,163,969.35, a reduction of $18,011.40 from fiscal year 2024/2025 due to early payof...
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