Authorize scheduling a Public Hearing to consider an Ordinance creating the Innerarity Island Development Corporation Sewage System Improvements MSBU
From:
Kristin Hual, Assistant County Attorney
Organization:
County Attorney's Office
CAO Approval:
RECOMMENDATION:
Recommendation Concerning the Scheduling of a Public Hearing to consider an Ordinance creating the Innerarity Island Development Corporation Sewage System Improvements MSBU
That the Board authorize the scheduling of a Public Hearing on Thursday, March 2, 2017, at 5:32 p.m. to consider an Ordinance creating the Innerarity Island Development Corporation Sewage System Improvements Municipal Service Benefit Unit.
BACKGROUND:
The proposed Ordinance will create the Innerarity Island Development Corporation Sewage System Improvements Municipal Service Benefit Unit for the purpose of providing sewage system improvements within the District.
BUDGETARY IMPACT:
The proposed MSBU assessment will defray the cost of sewage system improvements within the District based upon a fair and reasonable apportionment of the cost to all specially benefitted properties. The assessment may be paid in a single lump sum or may be amortized over a ten (10) year period at four percent (4%) interest compounded annually plus any applicable statutory administrative fees payable to the Tax Collector and Property Appraiser.
LEGAL CONSIDERATIONS/SIGN-OFF:
The proposed Ordinance was drafted by Assistant County Attorney, Kristin D. Hual, and will be advertised in the Pensacola News Journal on Saturday, February 18, 2017