Agenda Item # 11.e.
City Commission Regular Meeting
- Meeting Date:
- 05/21/2018
- Re
- Paradise Park Street Lighting MSTU
- Submitted For:
- Johnna Morris
SUBJECT:
Approve the refunding of fees paid for the Paradise Park Streetlights MSTU to property owners that were annexed into the City.
SUMMARY:
In 1982 the County created the Paradise Park Street Lighting District (SLD) to offer and fund street lighting in the Paradise Park neighborhood, which was changed to a MSTU in 2010. In 2006 the City began annexing properties in this area.though the annexations began in 2006; however from 2010 until the most recent taxable year, 2017, the residents continued to pay both taxes and the MSTU. As of 2017, the total number of properties annexed and paying the MSTU is 254.
RECOMMENDATION:
Approve refunding plan
ALTERNATIVES:
Amend the plan or disapprove the refunding.
RESPONSIBLE STAFF:
Johnna Morris, Director of Finance
COORDINATED WITH:
Nick Mimms, City Manager
Fiscal Impact
- Budgeted Y/N:
- N
- Fiscal Year:
- 2018
- Amount:
- 88,160.00
OTHER INFORMATION:
The amount that may be refunded is $88,160, and will be funded from fund balance.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Finance Department | Johnna Morris | 05/14/2018 04:22 PM |
| City Manager | Nick Mimms | 05/15/2018 05:04 PM |
- Form Started By:
- qthompkins
- Started On:
- 05/09/2018 02:31 PM
- Final Approval Date:
- 05/15/2018