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Resolution 07-1165RESOLUTION NO. 07-1165 A RESOLUTION OF TIC CITY COMVIISSION OF TILE CITY OF LONGWOOD, FLORIDA, DESCRIBING THE REAL PROPERTY TO BE LOCATED WITHIN THE PROPOSED SLEEPY HOLLOW (1ST ADDITION) CAPITAL AND MAINTENANCE ASSESSMENT AREA; DETERMINING THAT SUCH REAL PROPERTY WILL DERIVE A SPECIAL BENEFIT FROM CONSTRUCTION OF THE SLEEPY HOLLOW (1ST ADDITION) LOCAL IMPROVEMENTS AND THE MAINTENANCE OF SUCH IMPROVEMENTS; DETERMINIL\1G TIC ESTIMATED CONSTRUCTION AND MAINTENANCE COST OF TIC SLEEPY HOLLOW (1ST ADDITION) LOCAL, IMPROVEMENTS; DIRECTING THE ASSESSMENT COORDINATOR TO PREPARE A TENTATIVE CAPITAL ASSESSMENT ROLL AND A TENTATIVE MAINTENANCE ASSESSMENT I:OLL BASED UPON THE METHODOLOGY SET FORTH HEREIN; ESTABL.ISIIING A PUBLIC HEARING TO CONSIDER IMPOSITION OF THE PROPOSED CAPITAL AND MAINTENANCE ASSESSMENTS AND TILE METHOD OF THEIR COLLECTION; DIRECTING TILE PROVISION OF NOTICE IN CONNECTION THEREWITH; PROVIDING FOR S:EVERABILITY AND PROVIDING AN EFFECTIVE DATE. NOW, THEREFORE, :BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LONGWOOD, FLORIDA,AS FOLLOWS: ARTICLE I DEFINITIONS AND CONSTRUCTION SECTION 1.01. DEFINITIONS. As used in this Resolution, the following terms shall have the following meanings, unless the context hereof otherwise requires. 1 Any capitalized terms not defined herein shall have the meaning ascribed to such terms in the Ordinance. "Adjusted Prepayment Amount" means the amount required to prepay the Capital Assessment for each Tax Parcel located. in the Assessment Area as computed pursuant Section 4.03(B) hereof and revised animally pursuant to Section 4.04(E) hereof. "Annual Debt Service Component" means the amount computed for each Tax Parcel pursuant to Section 4.04(A) hereof. "Annual Maintenance Component" means the amowlt computed for each Tax Parcel. pursuant to Section 5.03(A) hereof. "Assessment Coordinator" means the person designated by the City Conu-nission to be responsible for coordinating the Assessments, or such person's designee. "Assessment Area" means the proposed Sleepy Hollow (1st Addition) Capital and Maintenance Assessment Area described in ,Auticle HI hereof. "Assessments" means the Capital Assessments and the Maintenance Assessments. "Capital Assessment" means an annual special assessment imposed against property within the Assessment Area to fund the Project Cost of the Sleepy Hollow (1st Addition) Local I.mprovements, and related expenses, computed in the maiuler described in Section 4.04 hereof. 2 "Capital Assessment Collection Cost" meaas all or any portion of the estimated cost to be incurred by the City during any Fiscal YeET in colmection with the collection of the Capital Assessments. "Capital Assessment Collection Cost. Component" means the amount computed for each Tax Parcel. pursuant to Section 4.04(B) hereof. "Capital Assessment Roll" means a non -ad valorem assessment roll relating to the Project Cost of the Sleepy Hollow (lst Adcition) Local Improvements and related expenses. "Capital Assessment Statutory Discount Amount" means the amount computed for each Tax Parcel pursuant to Section 4.04(C) hereof. "Capital Cost" means all or any portion of the expenses that are properly attributable to the acquisition, design, construction., installation, reconstruction, renewal or replacement (including demolition, environmental mitigation and relocation) of the Sleepy Hollow (lst Addition) Local Tlnprovements and imposition of the Capital Assessments under generally accepted accounting principles; and including reimbursement to the City for any funds advanced for Capital Cost and 'interest on any interfund or intrafund loan for such purposes. "City" means the City of Longwood, a municipal corporation duly organized and validly existing under the laws of the State of Florida. "City Attorney" means the City's Attorney, or such person's designee. "City Commission" means the City Commission of the City. 3 "City Investment Rate" means the City's average investment rate based on monthly statements received for its investments for the month or months for which the investment rate is being calculated. "Final Assessment Resolution" means the resolution described in Section 2.07 of the Ordinance that. imposes the Assessments within the Assessment Area. "Fiscal Year" means the period conunenc:ing on October 1 of each year and continuing through the next succeeding September 30, or such other period as may be prescribed by law as the fiscal year for the City. "Government Property" means real property owned by the United States of America, the State of Florida, a county, a special district, a municipal corporation or any of their respective agencies or political subdivisions. "Initial Prepayment Amount" means the amount computed pursuant Section 4.03(A) hereof for each Tax Parcel located in the: Assessment Area to prepay the Capital Assessment in full. "Local Improvement" means a capital improvement constructed or installed by the City for the special benefit of a neighborhood or other local area, for which special assessments are imposed pursuant to the Ordinance. "Maintenance" means the operation and. n;.aintenance of the Sleepy Hollow (lst Addition) Local Improvements, including cleaning, repairing, replacing landscaping acid similar services. 4 "Maintenance Assessment" inean.s an annual special assessment imposed against real property located withal the Assessment Area to fund the Maintenance Cost of the Sleepy Hollow (1st Addition) Local Improvements, and related expenses, computed in the manner described in Section 5.03 hereof. "Maintenance Assessment Collection Coast" means all or any portion of the estimated cost to be incurred by the City during any Fiscal Year in coivnection with the collection of the Maintenance Assessment. "Maintenance Assessment Collection Cost Component" means the amount computed for each Tax Parcel pursuant to Section 5.03(B) hereof. "Maintenance Assessment Roll" means a non -ad valorem assessment roll relating to the Maintenance Cost of the Sleepy Hollow (1st Addition) Local Improvements and related expenses. "Maintenance Cost" means all or any portion of the expenses that are properly attributable to Maintenance under generally acceipted accounting principals, including, without limiting the generality of the foregoing, funding a wall repair reserve account for the Sleepy Hollow (1st Addition) Subdivision Wall, reimbursement to the City for any funds advanced for Maintenance and interest on any interfund or interfund loan for such purpose. "Maintenance Assessment Statutory Discount Amount" means the amount computed for each Tax Parcel pursuant to Section .5.03(C) hereof. 5 s "Ordinance" means Ordinance No. 01-1574 enacted by the City Cormmission on June 18, 2001, as amended and supplemented, by Ordinance No. 04-1701, enacted by the City Commission on July 19, 2004. "Platted ]Lot" means a single-family residential building lot located in the Assessment Area that is described on a map or pKat recorded 'uz the Seminole County Official Records. "Project Coat" means all or any portion o P the expenses attributable to (A) the Capital Cost of the Sleepy Hollow (lest Addition) Local Improvements, (B) the cost incurred by the City to impose the Capital Assessments, and (C) any other costs or expenses related thereto. "Property Appraiser" means the Seminole County Property Appraiser. "Public Use Parcel" means any Platted 'Lot located within. the Assessment Area that is used for public purposes and does not receive a special benefit from construction of the Sleepy Hollow (lst Addition) Local 'Improvements or the Maintenance thereof, including, but not limited to, Goverrunent Property, retention .areas, rights -of -way and utility easements. "Sleepy Hollow (1st Addition) Local Improvements" means the irrigation, landscaping, street lighting, the Sleepy Hollow (1st. Addition) Subdivision Wall and other related improvements located in and adjacent to the Assessment Area. "Sleepy Hollow (1st Addition) Subdiivi;3ion Wall" means the winged wall abutting Tarry Town Trail, including related signage. 6 "Tax Parcel" means a parcel of real property to which the Property Appraiser has assigned a distinct aid valorem property tax identification number. "Tax Roll" :means the real property ad valorem tax assessment roll maintained by the Property Appraiser for the purpose of the levy and collection of ad valorem taxes. "Uniform Assessment Collection Act" means Sections 197.3632 and 197.3635, Florida Statutes, or any successor statutes authorizing the collection of non -ad valorem Assessments on the same bill as ad valorem taxes, and any applicable regulations promulgated thereunder. SECTION 1.02. INTERPRETATION. Unless the context indicates otherwise, words importing the singular number include the plural number, and vice versa; the terms hereof, hereby, herein,. "hereto," hereunder and similar ter-nn.s refer to this Resolution; and the term "hereafter" means after, and the term "heretofore" means before, the effective date of this Resolution. Words of any gender include the correlative words of the other gender, -unless the sense indicates otherwise.* SECTION 1.03. FINDINGS. It is hereby ascertained, determined and declared that: (A) Pursuant to Article VIII, Section 2(b) of the Florida Constitution, and Sections 166.021 and 16.6.041, Florida Statutes, the City Conunission has all powers of local self-government to perform municipal functions and to render municipal services except when prohibited by law and such power rr,.ay be exercised by the enactment of legislation in the form of City ordinances. 7 (B) The City Commission may exercise; any governmental, corporate, or proprietary power for a municipal purpose except when expressly prohibited by law, and the City Cornrnission may legislate on any subject matter on which. the Legislature may act, except those subjects described in (a), (b), (c), and (d) of Section 166.021(3), Florida Statutes. The subject matter of paragraphs (a), (b), (c), and (d) of Section 166.021(3), Florida Statutes, is not relevant to imposition of Assessments related to Local Improvements within the City. (C) The City Commission has enacted the Ordinance to provide for the creation of Assessment Areas (as defined ui the Ordinance) and authorize the imposition of Assessments to fund (1) the construction of Local Improvements to benefit the real property located therein, and. (2) the cost of operating and maintaining Local Improvements. (D) The City Commission_ desires to create the Sleepy_ Hollow (lst_ Addition)_ Capital and Maintenance Assessment Area as an Assessment Area under the Ordinance to fund the Capital. Cost and Maintenance Cost of the Sleepy Hollow (1st Addition) Local Improvements. The Sleepy Hollow (1st Addition) Local Improvements constitute a Local Improvement. as defined in the Ordinance and the Maintenance Cost constitutes the Operating Cost of Related Services, as defined in the Ordinance. (C) The Assessment .Area includes only Platted Lots zoned for single-family residential use. None of the real property located within the Assessment Area is used for multi -family residential, commercial or other uses. 8 (F) Construction and Maintenance of ttte :Sleepy Hollow (1st Addition) Local Improvements will provide a special benefit to all Platted Lots located within the Assessment Area by improving and enhancing the exterior. subdivision boundaries, the interior subdivision areas, the subdivision identity and the subdivision aesthetics and safety, thus enhancing the value, use and enjoyment of such real. property. Due to their use, Public Use Parcels will not derive a special benefit from construction and Maintenance of the Sleepy Hollow (Ist Addition) Local Improvements. (G) Each Platted Lot within the Assessment Area will derive the same special benefit from construction and Maintenance of the Sleepy Hollow (1st Addition) Local Improvements. Accordingly, it is fair and reasonable to apportion the Project Cost and the Maintenance Cost of the Sleepy Hollow (1st Addition) Local Improvements equally among each Platted Lot within Assessment Area. (H) Certain Platted Lots and smaller casement parcels located along Garden Lane and Tarry Town Trail prior to the entrance of the primaiy subdivision will not derive a special benefit from construction and :_Maintenance of the Sleepy Hollow (Ist Addition) Local Improvements. Accordingly, il. is fair and reasonable to exclude these Platted Lots from inclusion in the Assessment Area, (I) In order to reduce the financial impact the Capital Assessments will ]-lave. on the real property owners in the Assessment Area, the City has decided to provide a 10- year internal loan to the real property owners for their share of the Project Cost for all parcels. Interest will be charged each year based on the City Investment Rate. The City Mw has decided that the maximum interest rate that will be charged is six percent (6%) per year. (J) The City Commission hereby finds and determines that the Assessments, to be imposed in accordance with this Resolution, provide an equitable method of funding the construction and Maintenance of. the Sleepy Hollow (1st Addition) :Local ILnprovements by fairly and reasonably allocating the cost based on the special benefit derived by the real property, in the mamler hereinafter described. ARTICLE H NOTICE AND PUBLIC HEARING SECTION 2.01. PUBLIC HEARING. A public hearing will be conducted by the City Commission at 7:00 P.M., or as soon thereafter as the matter can be heard, on May 7, 2007, at City Hall located at 175 West Warren Avenue, Longwood, Florida, to consider (A) creation of the Assessment Area, IB1 imposition of the Assessments, and (C) collection of the Assessments pursuant to 'the Uniforin Assessment Collection Act. SECTION 2.02. NOVICE BY PUBLICATION. Upon completion of the tentative Capital Assessment Roll and the tentative Maintenance Assessment Roll, the Assessment Coordinator shall publish a notice of the public hearing authorized. by Section 2.01 hereof in the maiuier and the tirrte provided in Section 2.05 of the Ordinance. Such notice shall be in substantially the form attached hereto as Appendix A. SECTION 2.03. NOTICE BY MAIL. Upon completion of the tentative Capital Assessment Roll and the tentative Maintemince Assessment Roll, the Assessment 10 Coordinator shall, at the time and in the manner specified in Section 2.06 of the Ordinance, provide first class mailed notice of the public hearing authorized by Section 2.01 hereof to each real property owner proposed. to be assessed at the address indicated on the Tax Roll. ;such notice shall be in substantially the form ' attached hereto as Appendix B. 11 ARTICLE TII DESCRIPTION OF PROPOSED ASSESSMENTS The City Commission proposes to create the 1,leepy Hollow (lst Addition) Capital and Maintenance Assessment Area including the real property located within the Sleepy Hollow (Ist Addition) Subdivision, as more specifically identified in Appendix C attached hereto. The Assessment Area is proposed for the purpose of enhancing the use and enjoyment of real property located therein by funding the Project Cost and Maintenance Cost of the Sleepy Hollow (lst Addition) Local Improvements. [Remainder of page intention -ally left blainlc] 12 ARTICLE I'V CAPITAL ASSESSMENTS SECTION 4.01. ESTIMATED CAPITAL COST. The estimated Capital Cost of the Sleepy I-Iotlow (1st Addition) Local Improvements is $82,000. The Project Cost of the Sleepy IIollow (1st Addition) Local Improvements will be funded through the imposition of Capital Assessments against property located in the Assessment Area in the mam7er set forth in this Article IV. SECTION 4.02. IMIPOSITION OF CAPITAL ASSESSMENTS. The Capital Assessments shall be imposed against real properly located within the Assessment Area for a period of ten (10) years. The first annual Capital Assessment will be included on the act valorem tax bill to be mailed in October or 1Vovember 2007. When unposed, the Capital Assessment for each Fiscal YeEx shall constitute a lien upon the Tax Parcels located in the: Assessment Area, pursuant to the Ordinance. SECTION 4.03. PREPAYMENT AMOUNTS. (A) The Initial Prepayment Amount for each Tax Parcel located within the Assessment Area shall be shall be the amount determined by (1) dividing the number of Platted Lots attributable such Tax Parcel by the total Platted Lots attributable to Tax Parcels within the Assessment Area, and (2) multiplying the result by the estimated Capital Cost of the Sleepy Hollow (1st Addition) Local Improvements. (B) Following the initial prepayment period described in Section 4.05 hereof, the Adjusted Prepayment Amount shall be set equal to t17e Initial Prepayment Amount for 13 each Tax Parcel, other than those Tax Parcels as to which the Assessment has been prepaid. The Adjusted Prepayment Amount for each Tax :Parcel shall be revised annually, as provided. in Section 4.04(E) hereof. SECTION 4.04. COMPUTATION OF ANNUAL CAPITAL ASSESSMENTS. The annual Capital Assessment shall be computed for each Tax Parcel in the mariner set forth in this Section 4.04. (A) ANNUAL DEBT SERVICE COMPONENT. The "Annual Debt Service Component" shall be computed for each Fiscal Year in which the Initial Prepayment Amount (or Adjusted Prepayment Amount, if applicable) of the Tax Parcel is outstanding as follows: (1) The Assessment Coordinator shall first calculate an annual interest rate computed as the lesser of (i) the City Investment Rate, or (ii) an interest rate equal to six percent (6%) per year. (2) The Assessment Coordinator shall next calculate the amount of principal due for the Tax :Parcel by dividing (i) the Tax Parcel's Initial Prepayment Amount (or Adjusted Prepayment Ainount, if applicable), by (ii) the number of remaining years the Assessment is payable, which shall initially be for a period of ten (10) years. (3) The Assessment Coordinator shall then determine the interest payable by multiplying (i) the annual interest rate computed in (1) above, by (ii) the Initial Prepayment Amount (or Adjusted Prepayment Amount, if applicable). 14 (4) The Annual Debt Service Component is then calculated as the sum of the amount determined in (2) and (3) above. (B) CAPITAL ASSESSMENT COLLECTION COST COMPONENT. The "Capital Assessment Collection Cost Component" shall be computed each Fiscal Year for each Tax Parcel by (1) dividing (a) the Capital Assessment Collection Cost by (b) the total number of Platted Lots located in the Assessrnerlt Area for which no prepayment has been received, and (2) multiplying the result by the: number Platted Lots attributable to such Tax Parcel. (C) CAPITAL ASSESSMENT STATUTORY DISCOUNT AMOUNT. The "Capital Assessment. Statutory Discount Amount" is the amount allowed by law as the maximum discount for early payments Of ad valorem taxes and non -ad valorem assessments placed on the tax bill. The "Cap-tal Assessment Statutory Discount Amount" shall be computed for each Tax Parcel as the amount allowed by law as the maximum discount :for early payment of ad valorem taxes and non -ad valorem assessments, such amount to be calculated by deducting (1) the sum of (a) the Annual Debt Service Component and (b) the Capital Assessment Collection Cost Component, from (2) the amount computed by dividing (a) the sum of (i) the Annual Debt Service Component and (ii) the Capital Assessment Collection Cost Component, by (b) the factor of 0.96. (D) CAPITAL ASSESSTMIE-NT. The annual Capital Assessment for each Tax Parcel shall be computed as the sum of (1) the �uinual Debt Service Component, (2) the 15 Capital Assessment Collection Cost Component, and (3) the Capital. Assessment Statutory Discount Amount. (E) REVISION OF ADJUSTED P1.2EPAYMENT AMOUNT. Upon certification of the Capital Assessment Roll for each Fiscal Year, the Adjusted Prepayment Amount for each Tax Parcel shall N., recomputed by deducting (1) the principal component of the Annual Debt Service Component determined in Section 4.04(A)(2) above and included on the Capital Assessment Roll for the Tax Parcel, from (2) the Adjusted Prepayment Amount utilized to compute the annual Capital Assessment included on the Capital Assessment Roll for such Ta:{ Parcel. SECTION 4.05. INITIAL. PREPAYMENT OPTION. (A) Following adoption of the Final A.ssf;ssment Resolution, the Assessment Coordinator shall provide first class mailed. notice to the owner of each Tax Parcel subject to the Capital Assessment of the owner's option to prepay all future annual Capital Assessments. On or prior to August 1, 2007, the owner of each Tax Parcel subject to the Capital Assessment shall be entit ed. to prepay all future annual Capital Assessments, upon payment of the Initial Prepayment Amount. (B) The amount of all prepayments made pursuant to this Section 4.05 shall be final. The City shall not be required to refund any portion of a prepayment if the actual Capital Cost of the Sleepy Hollow (1st Addition) Local Improvements is less than the estimated Capital Cost upon which such the Initial Prepayment Amount was computed. 16 SECTION 4.06. ADD]I:TIONA.L PREF'AYM[ENT OPTION. (A) Following the date specified in the, notice provided pursuant to Section 4.05(A) hereof, or such later date as the City Commission may allow in its sole discretion, the owner of each Tax Parcel subject to the Capital Assessments shall be entitled to prepay all future unpaid amival Capital. Assessments upon payment of an amount equal to the Adjusted Prepayment Amourif for such Tax Parcel. (B) During any period commencing on the. date the annual Capital Assessment Roll is certified :for collection pursuant to the U.-iiforin Assessment Collection Act and ending on the next date on which unpaid ad valorem taxes become delinquent, the City may reduce the amount required to prepay the future unpaid annual Capital Assessments for the Tax Parcel by the amount of the Capital Assessment that has been. certified for collection with respect to such Tax Parcel. (C) The amount of all prepayments made _:)ursuant to this Section 4.06 shall. be final.. The City shall not be required to refund an.y portion of a prepayment if (1) the Capital Cost of the Sleepy Hollow (1st Addition) :Local Improvements is less than the amount upon which such Adjusted Prepayment Amount was computed, or (2) annual Capital Assessments will not be imposed for the full number of years anticipated at the time of such prepayment. SECTION 4.07. MANDATORY PREPAYMENT. (A) The owner of a Tax Parcel subject to the Capital Assessment shall immediately prepay all future unpaid annual Capital Assessments for such Tax Parcel if 17 OW (1) the Tax Parcel is acquired by a public entity through. condeinnation, negotiated sale or otherwise, or (2) a tax certificate leas been issued and remains outstanding vn respect of the Tax Parcel and the City, at its sole option, elects to accelerate the Capital Assessment. The amount required to prepay the future unpaid annual Capital Assessments will be equal to the Adjusted Prepayment Amount for such Tax Parcel. (B) During any period connrnencing on the, date the annual Capital Assessment Roll is certified for collection pursuant to the Uinil.orm Assessment Collection Act and ending on the next date on which unpaid ad valorem taxes become delinquent, the City may reduce the amount required to prepay the future unpaid annual. Capital Assessments for the Tax Parcel by the amount of the Capital Assessment that has been certified for collection with respect to such Tax Parcel. (C) The amount of all prepayments made pursuant to this Section 4.07 shall be final. The City shall not be required to refund an.y portion of a prepayment if (1) the Capital Cost of the Sleepy Hollow (1st Addition) Local Improvements is less than the amount upon which such Adjusted Prepayment Amount was computed; or (2) annual Capital Assessments will not be imposed for the fixll number of years anticipated at: the time of such prepayment. 18 SECTION 4.08. REALLOCATION UPON FUTURE SUBDIVISION. (A) Upon subdivision of any Tax Parcel located within the Assessment Area that. is subject to the Capital Assessment, and compliance with the conditions set forth below, the Adjusted Prepayment Amount :for such Tax Parcel shall be reallocated among the subdivided parcels. (B) In order -to have the Adjusted Prepayment Amount for such Tax Parcel reallocated in connection with any such subdivision, the owner shall be required to apply to the City and comply with each of the following conditions: (1) a recorded plat, approved site; plan or comparable document must be provided to the City sufficient in detail to describe adequately the location of the Tax Parcel and the individual parcels in the: proposed subdivision; (2) the Property Appraiser must have assigned distinct ad valorem property tax. identification numbers to each individual subdivided parcel or committed in writing to assign such numbers prior to the next ensuing August 1 or any later date approved by the City that will not prevent timely certification of the Capital Assessment Roll in accordance with the Uniform Assessment Collection Act; (3) at the expense of the real property owner, an appraisal must be provided by a ."certified general appraiser," as defused in Section 475.61:1(g), Florida Statutes, approved by the City, which indicates the fair market value of the Tax Parcel prior to the subdivision and the fair market value of each individual 19 subdivided parcel; in determining the fair market value of the individual subdivided parcels, the appraiser may take into consideration any infrastructure improvements that are then under construction if funds sufficient for their completion are secured to the satisfaction of the City Attorney; (4) a proposed reallocation of the Adjusted Prepayment Amount to each individual parcel must be provided to the City; provided however, that no portion of the Adjusted Prepayment Amount nfay be reallocated to real property proposed for dedication to the public or to common use of the subdivided parcels; (5) the fair market value of each separate parcel after the subdivision must be at least five times the Adjusted Prepayment Amount reallocated thereto; and (6) -the real property owner shall pay an assessment reallocation fee to the City for each individual parcel resulting from the subdivision, in an amount to be established by resolution of the City Commission. (C) If the owner of any Tax Parcel subject to the Capital Assessment subdivides such Tax Parcel and fails to comply with the foregoing conditions, the City shall reallocate the Adjusted Prepayment Amount among; the subdivided parcels, based upon the land value, without improvements, assessed to each subdivided parcel by the Property Appraiser. At its sole option, the City may obtain an appraisal of the subdivided parcels at any time and reallocate the Adjusted Prepayment: Amount based upon the land value, without improvements, reflected in the appraisal. If an appraisal is obtained, the cost of 20 the appraisal will be allocated among the subdivided parcels on the basis of the value reflected therein and added to the Adjusted Prepayment Amount of the Capital Assessment for each subdivided parcel in the Fiscal Year following receipt of the appraisal. It is hereby found and determined that'i:be foregoing method of reallocating the Adjusted Prepayment Amount among sbbd.ivi.ded parcels is fair and reasonable, taking into consideration the opportunity for reallocation available to the owner and the requirement to provide adequate security for the Cite. (D) Notwithstanding the foregoing, if a Tax Parcel includes more than one Platted Lot, the Capital Assessment imposed against such Tax Parcel may be reallocated among the Platted Lots upon (1) application of the owner and (2) assignment of a distinct ad valorem property tax identification number to each Platted Lot or any combination of Platted Lots by the Property Appraiser. SECTION 4.09. CAPITAL ASSESSMENT ROLL. The Assessment Coordinator is hereby directed to prepare a final estimate of the Capital Cost of the Sleepy Hollow (1st Addition) Local Improvements :and. to prepare the preliminary Capital Assessment Roll in the mariner provided in the Ordinance. The Assessment Coordinator shall apportion the Capital Cost of the Sleepy Hollow (1st Addition) Local Improvements among the parcels of real property within the A.ss,,ssment Area as reflected on the Tax Roll in conformity with this Article IV. The estimate of Capital Cost and the Capital Assessment Roll shall be maintained on file at City Hall and open to public inspection. The foregoing shall. not be construed to require that the Assessment Roll be in printed 21 form if the amount of the Capital Assessment for each Tax Parcel can be determined by use of a computer terminal available to the public. [Remainder of page intentionally left blank] 22 ARTICLE V MAINTENANCE ASSESSMENTS SECTION 5.01. ESTIMATED MAINTENANCE COST. The estimated Maintenance Cost of' the Sleepy Hollow (Ist Addition) Local Improvements is $5,600 per Fiscal Year. The Maintenance Cost of the Sleepy Hollow (1st Addition) Local Improvements will be funded through the iin.position of Maintenance Assessments against real property located in the Assessment Area in. the warmer set forth in Article V hereof. SECTION 5.02. IMPOSITION OF MAINTENANCE ASSESSMENTS. The Maintenance Assessments shall be imposed a"ainst all real property located within the Assessment Area for each Fiscal Year, other ftian Public Use Parcels, and shall be computed in accordance with this Article V. When imposed, the Maintenance Assessment for each Fiscal Year shall constitute a lien upon the Tax Parcels located in the Assessment Area., pursuant to the Ordinance. SECTION 5.03. COMPUTATION OF MAINTENANCE ASSESSMENTS. The annual Maintenance Assessments shall be computed for each Tax :Parcel located in the Assessment Area, other than Public Use Parcels, in the manner set forth in this Section 5.03. (A) ANNUAL MAINTENANCE COMPONENT. The "Annual Maintenance Component" shall be calculated for each Fiscal Year for each Tax Parcel by (1) dividing (a) the Maintenance: Cost of the Sleepy Hollow (1st Addition) Local hmprovements by (b) 23 the total number of Platted Lots located in the Assessment Area, and (2) multiplying the result by the number of Platted Lots attributable to such Tax Parcel. (B) MAINTENANCE ASSESSMENT COLLECTION COST COMPONENT. The "Maintenance Assessment Collection Cost Component" shall be computed each Fiscal Year for each Tax Parcel by (1) dividing (a) the :Maintenance Assessment Collection Cost by (b) the total number of Platted Lots located in the Assessment Area, and (2) multiplying the result by the number Platted Lots attributable to such Tax Parcel. (C) MAINTENANCE ASSESSMENT STATUTORY DISCOUNT AMOUNT. The "Maintenance Assessment Statutory :Discount Amount" shalt be computed for each Tax Parcel as the amount allowed by law as the maximurn discount for early payment of ad valorein taxes and non -ad valorem assessments, such amount to be calculated by deducting (1) the sum of (a) the Annual Maintenance Component and (b) the Maintenance Assessment Collection Cost Component, from (2) the amount computed by dividing (a) the sum of (i) the Annual Maintenance Component and (ii) the Maintenance Assessment Collection Cost Component, by (b) the factor of 0.96. (D) MAINTENANCE ASSESSMENT. The annual Maintenance Assessment for each Tax Parcel shall be computed as the sum of (1) the Annual Maintenance Component, (2) the Maintenance Assessment Collection Cost Component, and (3) the Maintenance Assessment Statutory Discount Arnoun.t. SECTION :">.04. MAINTENANCE ASSILSSMENT ROLL. The Assessment Coordinator is hereby directed to prepare a final estimate of the Maintenance Cost of: the 24 Sleepy Hollow (Ist Addition) Local Improvements and to prepare the preliminary Maintenance Assessment Roll in the manner provided in. the Ordinance. The Assessment Coordinator shall apportion the Maintenance Cost of the Sleepy Hollow (1st Addition) Local Improvements among the parcels of real property within the Assessment Area as reflected on the Tax Roll in conformity with this -Article V. The estimate of Maintenance Cost and the Maintenance Assessment Roll shall be maintained on file at City Hall and open to public inspection. The foregoing shall not be construed to require that the Maintenance Assessment Roll be in printed form if the amount of the Maintenance Assessment for each Tax Parcel can be determined by use of a computer terminal available to the public. [Remainder of page intentionally left blalA<] 25 \:1 ARTICLE VI GENERAL PROVISIONS SECTION 6.01. METHOD OF COLLECTION. The Assessments shall be collected pursuant to the Uniform Assessment Collection Act. SECTION 6.02. SEVERABILITY. If any clause, section or provision of this Resolution shall be declared unconstitutional or invalid for any reason or cause, the remaining portion of said Resolution shall be in full force and effect and be valid as if such invalid portion thereof had not been incorporated herein. SECTION 6.03. CONFLICTS. All resolutions or parts thereof in conflict herewith are hereby repealed to the extent of such conflict. [Remainder of page intentionally left blank] 26 SECTION 6.04. EFFECTIVE DATE. This Resolution shall take effect immediately upon its adoption. DULY ADOPTED this 16th day of April, 2007. ATTEST: Sarah M. Minus, City Cleric APPROVED AS TO FORM AND CORRECTNESS: Theresa S. Roper, Acting City Attoey 21 CITY OF ILONGWOOD, FLORIDA APPENDIX A FORM OF NOTICE TO BEPUBLISHED To Be .Published on or before April 17, 2007 [INS:ERT SMALL MAP OF ASSESSMENT AREA] NOTICE OF HEARING TO 114POSE AND PROVIDE FOR COLLECTION OF SPECIAL ASSESSMENTS IN THE SLEEPY HOLLOW (IST ADDITION) CAPITAL AND MAINTENANCE ASSESSMENT AREA Notice is hereby given that the City Commission of the City of Longwood will conduct a public hearing to consider creation of the: Sleepy IIollow (1st Addition) Capital and Maintenance Assessment Area, as shown above, and imposition of special assessments to fund the construction of the planting bed, landscaping and maintenance costs of the Sleepy Hollow (1st Addition) Subdivision Wall, irrigation, signage and other related improvements within the Assessment Area. The hearing will be held at 7:00 P.M., or as soon thereafter as the matter can be heard, on May 7, 2007, at City Hall, 175 West Warren Avenue, Longwood, Florida., for the purpose of receiving public comment on the proposed Sleepy Hollow (1st Addition) Capital and Maintenance Assessment Area and collection of the assessments on the ad valorem tax bill. All affected real property owners have a right to appear at the hearing mid to file written objections with the City Cleric anytime prior to the public hearing. I:1 a person decides to appeal any decision made by the City Conunission with respect to any matter considered at the hearing, such person will need a record of the proceedings and may need to ensure that a verbatim record is made, including the testimony and evidence upon which the appeal is to be made. In accordance with the Americans with.Disabilities Act, persons needing a special acconunodation or an interpreter to participate in this proceeding should contact the City's ADA Coordinator at 407/260-3481 at least 48 hours prior to the date of the hearing. The assessment for each parcel of real property will be based on the number of platted lots attributable to each parcel of real property within the proposed Sleepy Hollow (lst Addition) Capital and Maintenance Assessment .Area. A more specific description of the improvements and the method of computing the assessment for each parcel of real property are set forth in the Initial Assessmeni: Resolution adopted by the City Commission on April 16, 2007. Copies of the Initial Assessment Resolution and the preliminary Assessment Roll are available for inspection at City Hall, located at 175 West Warren Avenue, Longwood, Florida. The assessments will be collected on the ad valorem tax bill commencing with the tax bill to be mailed. in October or November 2007, as authorized by Section 197.3632, Florida Statutes. The capital portion of the assessments will be collected over a period of A-1 10 years. Failure to pay the assessments will cause a tax certificate to be issued against the real property which may result in a loss of title. If you have any questions, please contact the City's Assessment Coordinator at 407/260-3475. CITY OF LONGWOOD, FLORID.A A-2 APPENDIX B FORM OF NOTICE TO BE MAILED CITY OF LONGvVOOD 175 West Warren Avenue Longwood, Florida :32750 407/260-3440 April 17, 2007 [Property Owner Naine] [Street Address] [City, State and zip] Re: Parcel Number [Insert Number] Sleepy Hollow (1 st Addition) Capital and Maintenance Assessment Area Dear Property Owner: The City of :Longwood is considering creation of the Sleepy Hollow (lst Addition) Capital and Maintenance Assessment Area to impose special assessments to fiend the construction of the planting bed, landscaping and maintenance costs of the Sleepy Hollow (1st Addition) Subdivision Wall, irrigation, signage and other related improvements within the Assessment Area. The assessment for each parcel of real property will be based on the number of platted lots attributable to each parcel of real property within the proposed Sleepy Hollow (lst Addition) Capital and Maintenance Assessment Area. A more specific description of the improvements and the method of computing the assessment for each parcel of real property are set forth in the Initial Assessment Resolution adopted by the City Conlin.ission on April 16, 2007. Copies of the Initial Assessment Resolution and the preliminary Assessment Roll are available for inspection at City Hall, located at 175 West Warren Avenue, Longwood, Florida. Information regarding the assessment for your specific real property is attached to this letter. The City intends to include animal assessments on your ad valorem tax bill with the first payment on the bill to be mailed in October or November 2007. The capital portion of the assessments will be collected over a }:period of 10 years. Failure to pay your assessments will cause a tax certificate to be issued against the real property which may result in a loss of title. The City Commission will hold a public hearing at 7:00 P.M., or as soon thereafter as the matter can be heard, on May 7, 2007, at City Hall located at 175 West Warren Avenue, Longwood, Florida, for ttLe purpose of receiving continents on the proposed Sleepy hollow (1st Addition) Capital and Maintenance Assessment Area, including collection on the ad valorem tax bill. You are invited to attend and participate B-1 in the public hearing or to file written objections with the City Cleric anytime prior to the public hearing. If you decide to appeal any decision made by the City Commission with respect to any matter considered at the hearing, you will need a record of the pro a d evideiandce may need to ensure that a verbatim record is made, including the testimony pon which the appeal is to be made. In accordance with. the Americans with Disabilities Act, if you need a special accommodation or an interpi�ete_3481 atparticipate least 48iholurs pi�or toi lae please contact the City's ADA Coordinator at 407/_60 date of the hearing. Questions regarding your assessment and the process o ess for collection may be directed to the City's Assessment Coordinator at 407 5. CTTS' OF LONGWOOD, FLORIDA IC * * * * * SEND NO MONEY NOW. THIS IS NOT AN INVOICE * * * * * Sleepy Hollow (Ist Addition) Capital and Maintenance Assessment Area [Property Owner Name] Parcel Number [Insert Number] Number of Platted Lots Amount to make full payment of capital portion Number of capital payments Annual Capital Amount (if not prepaid) Annual Maintenance Amount Total Annual Amount (if not prepaid) [Insert Amount] [Insert Amount] 10 [Insert Amount] [Insert Amount] [Insert Amount] * * SEND NO MONEY NOW. THIS IS NOT AN INVOICE * * * B-3 W APPENDIX C DESCRIPTION OF PARCELS IN THE SLEEPY HOLLOW (IST ADDITION) CAPITAL AND MAINTENANCE; ASSESSMENT AREA APPENDIX C Parcel Number 35-20-29-503-0000-0010 35-20-29-503-0000-0020 35-20-29-503-0000-002A 35-20-29-503-0000-0030 35-20-29-503-0000-0040 35-20-29-503-0000-0050 35-20-29-503-0000-0060 35-20-29-503-0000-006.A 35-20-29-503-0000-0080 35-20-29-503-0000-0090 35-20-29-503-0000-OOF'O 35-20-29-503-0000-0100 35-20-29-503-0000-0110 35-20-29-503-0000-012 0 35-20-29-503-0000-012�0 35-20-29-503-0000-014 0 35-20-29-503-0000-01 E710 35-20-29-503-0000-0160 35-20-29-503-0000-0170 35-20-29-503-0000-0180 35-20-29-503-0000-0190 35-20-29-503-0000-0200 35-20-29-503-0000-0210 35-20-29-503-0000-022-0 35-20-29-503-0000-0230 35-20-29-503-0000-02,10 35-20-29-503-0000-.02G>O 35-20-29-503-0000- 0230 35-20-29-503-0000-.02'70 35-20-29-503-0000••0230 35-20-29-503-0000-0290 35-20-29-503-0000-0300 35-20-29-503-Q000-0310 35-20-29-503-0000-0320 35-20-29-503-0000-0330 35-20-29-503-0000-0340 35-20-29-503-0000-02 50 35-20-29-503-0000-02,60 35-20-29-503-0000-0370 35-20-29-503-0000-02�80 35-20-29-503-0000-02�90 35-20-29-503-0000-0400 C-1 35-20-29-503-0000-0410 35-20-29-503-0000-0,12C, 35-20-29-503-0000-0430 35-20-29-503-0000-0.14(1 35-20-29-503-0000-0.450 35-20-29-503-0000-0460 35-20-29-503-0000-0,470 35-20-29-503-0000-0480 35-20-29-503-0000-0490 35-20-29-503-0000-0500 35-20-29-503-0000-0510 35-20-29-503-0000-0520 35-20-29-503-0000-0530 35-20-29-503-0000-0541) 35-20-29-503-0000-055 0 35-20-29-503-0000-0560 35-20-29-503-0000-0570 35-20-29-503-0000-0580 35-20-29-503-0000-0590 35-20-29-503-0000-0600 3 5-20-29-50 3 -000 0-0610 3 5-20-2 9-503-0000-062.0 35-20-29-503-0000-06`c,O 3 5-20-2 9-5 03-000 0-064.0 35-20-29-503-0000-06E;0 35-20-29-503-0000-0660 35-20-29-503-0000-06 70 35-20-29-503-0000-0680 35-20-29-503-0000-0690 35-20-29-503-0000-0700 35-20-29-503-0000-0710 35-20-29-503-0000-07:20 35-20-29-503-0000- 0730 35-20-29-503-0000--07.40 35-20-29-503-0000--07 50 35-20-29-503-0000-0730 35-20-29-503-0000-0770 35-20-29-503-0000 -0780 35-20-29-503-0000-0790 35-20-29-503-0000-0800 35-20-29-503-0000-OZ.10 35-20-29-503-0000-OE.20 35-20-29-503-0000-OE:30 35-20-29-503-0000-OE;40 35-20-29-503-0000-0850 35-20-29-503-0000-0860 35-20-29-503-0000-0870 35-20-29-503-0000-0880 G2 35-20-29-503-0000-0890 35-20-29-503-0000-0900 35-20-29-503-0000-0910 35-20-29-503-0000-0920 35-20-29-503-0000-0930 35-20-29-503-0000-0940 35-20-29-503-0000-0950 35-20-29-503-0000-0960 35-20-29-503-0000-0970 35-20-29-503-0000-0980 35-20-29-503-0000-098A 35-20-29-503-0000-098B 35-20-29-503-0000-098C 35-20-29-503-0000-0990 C-3 10 years. Failure to pay the assessments will cause a. tax certificate to be issued against the real property which may result in a loss of title. If you have any questions, please contact the City's Assessment .Coordinator at 407/260-3475. CITY OF LONGWOOD, FLORIDA A-2; APPENIDIX•11 FORM OF NOTICE TO :BF; MAILED CITY OF LONGV OOD 175 West Warren Avenue Longwood, Florida 32750 407/260-3440 April 17, 2007 [Property Owner Name] [Street Address] [City, State and zip] Re: Parcel Number [Insert Number] Barrington Capital and Maintenance Assessment Area Dear Property Owner: The City of Longwood is considering creation of the Harrington Capital and Maintenance Assessment Area to impose special a.ss(.ssments to fund the construction of' the planting bed, landscaping and maintenance costs of the Barrington Subdivision Wall, irrigation, lighting, signage and other related improvements within the Assessment Area. The assessment for each parcel of real property will. be based on the number of platted lots attributable to each parcel of real property within the proposed Barrington Capital and Maintenance Assessment Area. A more specific description of the improvements and the method of computing the assessment for each parcel of real property are set forth in the Initial Assessment Resolution adopted by the City Conunission on April 16, 2007. Copies of the Initial Assessment Resolution and the preliminary Assessment Roll Lire available for inspection at City Hall, located at 1.75 West Warren Avenue, Longwood, Florida. Infoiniation regarding the assessment for your specific real property is attached to this letter. The City intends to include annual assessments on your ad valorem tax bill with th.e first payment on the bill to be mailed in October or November 2007. The capital portion of the assessments will be collected over a period of 10 yeais. Failure to pay your assessments will cause a tax certificate to be issued against the real property which may result in a loss of title. The City Commission will hold a public hearing at 7:00 P.M., or as soon thereafter as the matter can be heard, on May 7, 2007, at City Hall located at 175 West Warren Avenue, Longwood, Florida, for the; parpose of receiving comments on the proposed Barrington Capital and Maintenance Assessment Area, including collection on the ad valorem tax bill. You are invited to attend and participate in the public hearing or to file written objections with the City Cleric ainytime prior to the public hearing. B-1 If you decide to appeal any decision made by the City Commission with respect to any matter considered at the hearing, you will need a record of the proceedings and may need to ensure that a verbatim record is made, including the testimony and evidence upon which the appeal is to be made. In accordance. with the Americans with Disabilities Act, if you need a special acconullodation or an interpreter to participate in this proceeding, please contact the Cit:y's ADA Coordinator at 407/260-3481 at least 48 hours prior to the date of the hearing. Questions regarding yow- assessment and the process for collection may be directed to the City's .Assessment. Coordinator at 407/260-3475. CITY OF LONGWOOD, FLORIDA B-2 * * * * * SEND NO MONEY NOW. THIS IS NOT AN INVOICE * * * * * Barrington Capital and Maintenance Assessment Area [Property Owner Name] Parcel Number [Insert. Number] Number of Platted Lots Amount to make full payment of capital portion Number of capital payments Annual Capital Amount (if not prepaid) Annual Maintenance Amount Total Armual Amount (if not prepaid) [Insert Amount] [Insert Amount] 10 [Insert Amount] [Insert Amount] [Insert Amount] * * * * SEND NO MONEY NOW. THIS IS NOT AN INVOICE IN APPENDIX C DESCRIPTION OIL PARCELS IN THE BAR.RINGTON CAPITAL AND MAINTENANCI; ASSESSMENT AREA 1-1 APPENDIX C Parcel Number 30-20-30-507-0000-0660 30-20-30-507-0000-0670 30-20-30-507-0000-068() 30-20-30-507-0000-0690 30-20-30-507-0000-0700 30-20-30-507-0000-071 I) 30-20-30-507-0000-0720 3 0-2 0-3 0-5 07 -0 0 0 0 -07 3 1) 30-20-30-507-0000-0740 30-20-30-507-0000-0750 30-20-30-507-0000-0760 30-20-30-507-0000-C)770 30-20-30-507-0000-0780 30-20-30-507-0000-0790 30-20-30-507-0000-0800 30-20-30-507-0000-0810 30-20-30-507-0000-0820 30-20-30-507-0000-0830 30-20-30-507-0000-084 0 30-20-30-507-0000-0850 30-20-30-507-0000-0KI0 30-20-30-507-0 00 0-09 00 30-20-30-507-0000-0910 30-20-30-507-0000-09,'' 0 30-20-30-507-0000-0910 30-20-30-507-0000-0940 30-20-30-507-0000-09 Ei 0 30-20-30-507-0000-0960 30-20-30-507-0000-09110 30-20-30-507-0000-0980 30-20-30-507-0000-0990 30-20-30-507-0000-1000 30-20-30-507-0000-1010 30-20-30-507-0000-1020 30-20-30-507-0000-10:30 30-20-30-507-Ob00-10,10 30-20-30-507-0000-1050 30-20-3 0-507-0 00 0-- 1060 30-20-30-507-0000--1070 30-20-30-507-000 0--10 30 30-20-30-507-0000-1090 30-20-30-507-0000--1100 �-- C-1 30-20-30-507-0000-1110 30-20-30-507-0000-1120 30-20-30-507-0000-1130 30-20-30-507-0000-1140 30-20-30-507-0000-'1150 30-20-30-507-0000-1160 30-20-30-507-0000-1170 30-20-30-507-0000-1180 30-20-30-507-0000-1190 30-20-30-507-0000-1200 30-20-30-511-0000-01 AO 30-20-30-511-0000-02AO 30-20-30-511-0000-03AO 30-20-30-511-0000-04AO C-2