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Resolution 05-1124RESOLUTION NO. 05-1124 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LONGWOOD, FLORIDA, DESCRIBING THE REAL PROPERTY TO BE LOCATED WITHIN THE PROPOSED MARKHAM HILLS CAPITAL AND MAINTENANCE ASSESSMENT AREA; DETERMINING THAT SUCH REAL PROPERTY WILL DERIVE A SPECIAL BENEFIT FROM CONSTRUCTION OF THE MARKHAM BILLS LOCAL. IMPROVEMENTS AND THE MAINTENANCE OF SUCH IMPROVEMENTS; DETERMINING THE ESTIMATED CONSTRUCTION AND MAINTENANCE COST OF THE MARKHAM BILLS LOCAL IMPROVEMENTS; DIRECTING THE ASSESSMENT COORDINATOR TO PREPARE A TENTATIVE CAPITAL, ASSESSMENT ROLL AND A TENTATIVE MAINTENANCE ASSESSMENT ROLL BASED UPON THE METHODOLOGY SET FORTH HEREIN; ESTABLISHING A PUBLIC HEARING TO CONSIDER IMPOSITION OF THE PROPOSED CAPITAL AND MAINTENANCE ASSESSMENTS AND THE METHOD OF THEIR COLLECTION; DIRECTING THE PROVISION OF NOTICE IN CONNECTION THEREWITH; PROVIDING FOR SEVERABILITY AND PROVIDING AN EFFECTIVE DATE. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LONGWOOD, FLORIDA, AS FOLLOWS: ART ICLEI DEFINITIONS AND CONSTRUCTION SECTION 1.01, DEFINITIONS. As used in this R-1,,tion, the following terms shall have dw following meanings, -1— the context h—f otherwise requires. Any capitalized tens, not defined h—in shall have the meaning u,c,ibed to such terms in the Ordinance "Adjusted Prepayment Amount" mesas the ,moan[ required to prepay die Capital Assessment for each Tat Pmeel located in the Assessnenl Area as computed pursuant Section 4.03(B) hereofand revised i,,u,lly pursuant to Seetioa 4.04(6) hereof. "Annual Debt Service Component" meets the nmoum computed for each Tax Puroel pucsoaat to Seaion 4.04(A) hereof "Annnal Maintonance means the amount computed for euch Tax P-1 pursuant to Section 5.03(A) heeof. "Assessment Coordinator" means the person de,igaated by the City Commusioa to be responsible fb, c—diaming the Assessments, e, such persoo's designee. "Assessment A—" nt—s 0te proposed Markham Hills Capiml and Mahttenanoe Assessmem A- described in Article III h—f. "Asvessnrents" means the Capitul Assessment, mtd the Meie ee—e Assessments. "Capital Assessment" means an atmusl special , —e,eel imposed against property within the Assessment Are, to fund the Project Cost of the Markham Hills Local Improvements, and related expenses, e—puPed in the manner described in Soction 4.04 I� "Capital Assessment Collection C,,tl- mews the estimated cost to b, i,,,,,,d by the City during any Fiscal Year in ",',,'Iran with the collection of the Cain.] Ar—stesins. 'C,Pjt,j Assessment Cell -her Cost Ce P-me moms the amount computed for each Tar Parcel p,,,,mt to Section 4.04(B) hereof. "Capital A,,,,,,,,t Roll" means , nor -ad valorem aesessmenl roll relating to the Project Cost ofthe Mshmar Hills Loc.] Thap—en—t, and ,],I,d expenses. "Capital At—nntrtt Stl-Ily Di,wanrt Amm,f" means the amonnt computed to, earth, Ttes fired p,,,,,,,t w Scanco 4.04(C) h,,,,f, "Capital Cad" are— ell or any parties of the expenses that — pmp,,Iy teth-ilh.lAk, no the acquisition, design, cons"teti., inalcleni., reemixtruction, renewal or replacement (including der —lido., environmental mitigation and ,l—litso) of the Marldrant Hill, Local Improvements and imposition of the Capital Ate —cm, under g,,,,,Ily —thd ...... ting principles; and i,,I,idi,,g reimbursement to the City for any fonds advanced for Capital Cost and interest In any i,t,,fU,d or inrrofnnd 1— it such purposes. "City" mem, the City of Longwood, , ennicipas corporation duty o,gmiz,d and validly existiag nad-la, Incas of the State ofFloid., "City Attorney"meets the City's Attorney, or such pets —design. "City Commission" me,ne, the City Con—mi.tt ofthe City. "City Investment R-" means the City', average i—ehrert rate based en Monthly lipilletre received for it, —trerte for the month or monilts For which the ille—,,t rate i, being calculated. Ti-I A,,,,,,( R—Wfip," —, the resolution described it, Sertir, 2.07 of the Ordinance that imposes the Assessments within the A--mt Area. Ti—I Y—" mems the period --,mg on October I of each y... and —tir,ittg through the next succeeding Sept —be, 30, or such other period , may be ir—flbed by 1— ., the li—I year for the City. "Government P,opr,ly"- -- —I property .—rd by the United S,— of —ie,, the Sf- ofFl,d,h, , wanly, , special district, , municipal wrporetion or my ,f rh,i—P"fiw agencies ., P.1iti.1 subdivisions. "Initial P,,p,ym,,( A.,,I.t" mr— the manual computed pmumt Seoio, 4,03(A) hereof her each T- P-1 located i, the Assessment Area t, prepay the Capital Ae,-- i,, Poll. M-1 Improvement" means a c,pit,] improvement ... —ted or installed by the City for the special benefit of , neighborhood or other local ,,, f,, which special assessments — imposed p,-- t. the Ordinance. "M.i.ter—e" re— the op —fie. ..d mnintenmtw of the M.id— Hill, Lee.[ Improvements, itieli,ilh,g d—irg, repairing, replacing landscaping .,d similar —i— "Maintenance means an "I'll special —S-e,t imposed ag,io,t ,cal p,,peny located within the Assessment Area 1, toed the Mm,leonee Cost of the Markham MIN Local Improvements, and related expenses, e—pted i. the e,moer described he Section 5.03 hereof. "Maintenance As —es— C,Ileetkot Cow. o"., the estimated cost t, be i,,,,,d by the City during any Fiscal Year in connection with the collection of the Mailellmu Allllllele "Mliltlllllll All-1111t C11111till, Colt ClIp—ot" .,.S the —oot e..p.,td f., each 1.. Parcel po,msm to Seaw. 5.03(6) he.of. "Maintenance A--tO Roll" mcaas , o,,-,d valorem assesameatt ,]I relating to the M.iolee— Cost of the Mmkhm, Hills L-1 Improvements end related e.P..,. "W-o-ee Cost" mends all or any p,ni,, oftle, expenses thm me properly ho,iloemle to M,i,t ...... under generally accepted o—e,tiog principals. ieel.dieg, without limiting the generality of the foregoing, reimbumement to the City for any fieed, .d,-.d for M.ioh,n.oee and im,-, on any io-fieed ., ml.fmd loan f., such purpose. "M.iote ... - Assessment Statutory Dill -It A,,,,,,(" means the --ot eo.p.led to, e.eh T- P.ell p—me, le Section 5.03(C) he—f. �., "Markbam Hill, Locni Improvements" menus the i,igation, ludsenpmg, street lighting, updated sip,g,, trees, landscaping, fencing along Longwood Hills Road and othu related improvements Iocated in and adjacent to the Assessment A— "Ordinance" means Ordinance No. 01-1574 enacted by the City Commieeiou on Iuae 18, 2001, as emended end supplemented by Ordinance No. 04-1701, enacted by the City Commission on hAy 19, 2004. "Plattwl Lot" means a single-fi—ily residential building lot located in the Assessment Area that is described on n map or plat rocordsd in the Seminole County Official R—ods. "Project CosV' menu all or any portion of the expenses attributable to (A) the Capital Coat ofthe Markban Mills Local Improvements, (B) the—t ioeurred by the City to impose the Capital Assessments, and (C) any other costs or expense.. related tbemto. "Property, Appraiser" means the Seminole County Property Ap;,u - "Public Use Pareel" means any Platted Lot located within the Assessment Ann that is used for public purposes mtd does not receive a special benefit f our constmetion of the Mmkham Hills Local Improvements or the Maintonatice Ihereot includlo& but not limited to, Oovemmmt Property, retention tens, rights -of -way and utility easements. "Taz Pal eel" meets a parcel of real property to which the Ropatty Appraiser has assigned a distinct ad valorem property tax ideotif lltwo cumber. "Tax Roll" menus the real property ad vnlorcm tax assessment roll maimained by the Property Appraiser Ibr the purpose fthe lavy and collection of od valorem taxes. b "Uniform Assessment Collection Act" mean, Sections 197.3632 and 197.3635, Florida Statutes, or any successor statutes authorizing the collection of non -ad valorem Assessments so the same bill as ad valorem taxes, and any applicable regulations promulgated thereunder. SECTION 1.02. INTERPRETATION. Unlass the comext indicates otherwise, words importing the singular number include the pinwl number, and vice voaa; the temta "hereof," "hereby;' "herein," "hereto," "hereunderand similar terms refer to this Rasowtion; and tho t-,, "hereafter" mean, after, end the term "heretofore" means befom, the etf-we date of dtls Resolution. Words of any geodes Include the eorrelative words fthe other gender, unless the sense indicates otherwise. SECTION 1.03. FINDINGS. It is hereby ascertained, da,mined and ` decl—d that: (A) Pursuant to Article Vlll, Section 2(b) of dte Florida Constiwtion, and Sections 166.021 and 166.041, Florida Stables, the City Commission ha, all power, of local self-gov ,o—b1 to p,,fi— municipal functions and to rend&, municipal services except ,heu prohibited by law and such power may be exercised by the enactment of legislation in the f t of City ordinances. (B) The City Commission may exuase any governmental, corporate, or propnetary power for a municipal purpose except,hen expressly prohibited by law, and the City Commission may legislate on any subject matter on which the Legislature may act, except those s,bi,o, 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 Smmtea, is not relevant to imposition of A,se, —ts related to local Improvements within the City. (C) Tho City Commission bus enacted the Ordinance to provide for the creation of Asses .— Areas (as defined in the Odin—) and authorize the imposition of Assessment, to fund (1) the construction of Locnl Improvement, to benefit the real property located therein and (2) the - of operating and maintaining Local Improvements. (D) The City Commission desires to create the Mnrkh— Hills Capital nod Maintenance Assessment Area m an Assessment Area under the Ordinmtce to fiord the Capital Cost and Maintenance Cost of the Markham Hill, Local Impmvemears. The Markham Hills Local Impovements con,tiMW a Local Improvement as defined in the Ordinance and the Maintenance Cost constitutes the Op soling Cost of Related Sereices, m defined in the Ordinance. (E) The Assessment Area includes only Platted Lots zoned for single-f ily residential use. None of the real property Iocoted within the Assessment Area k used for multi-farttily residential, commercial or other uses. (F) Construction and Maintenance of the Markhwn I{ills Local Improvements will pmvidc a special benefit to nil Platted Lot, Ioeated within the Asse -- Area by improving and eMencing the exterior ,ubdi,mm, boundaries, the interior subdivision areas, the subdivision identity turd the subdivision aesthetics wtd s,&ty. thus enhancing 8 the value, ..e and enjoyment of ... 1, —1 property. No to their use, Public Use Parcels ,,ill -1 derive . special benefit from eon—d. and Maintenance of the Markham Hills L-1 (G) Each Platted Lot within the Aeseaemevt All, ,ill derive the smeo spacial benefit from co,,t,,ti,, and M,it,,m,, of the Markham Hill, Local Accordingly, it i, fie, and reasonable to apportion the Project C- and the M.i.e..ee Cog of the M.,kh... Hills Local Improvements equally .,,-g each Planed Lot within A—,.- Area. (H) to order to reduce the fle—ml impact the Capital A.e—le- will h— on the —1 pop-y -,,, in the Assessment A— the City has decided to provide . 10- yeu internal I— to the "m property e—e, f,, their share of the ll,,j,,t C- to, A p—H. 1--t will be charged each year based on the City Imestmem Rate. The City has d,,id,d that the maximum interest -, that will be charged Is ei, p,,,,,t (6%) p,, Y- 0) The City Commission hereby finds and dot—i— that the Assessments, to It, imposed i, accord— with this R-1,ti,,t, provide an equitable method of fit,,fi,,g the em,tmaim and Wmteoa— ofth, Markham Hill, Local lmprovemeatts by fairly o,d reasonably ellocatiog the —t bneed on the special b ... fit derived by the —I property, i, the manner hueinnfler described. ARTICLE 11 NOTICE AND PUBLIC HEARING SECTION 2.01. PUBLIC HEARING. A poblie he,ingwill beo,ndaeted by the City Comtniesion at 7:00 P.M_, or as soon thereafter as the matte, can be heard, on September 7, 2005, at City Hall located a1175 West Warren Avenue, Longwood, Florida to consider (A) ereavon of the Assessment Area, (W imposmon of the Assessments, and (C) collection ofthe Assessments pursuant to the Uniform Aeeessmem Collection Act. SECTION 2.02. NOTICE BY PUBLICATION. Upon completion of the tentative Capital Assessment Roll and the twtative Maint—, Assessment Roll, the Assessment Coordinator shell publish a notice of the public hearing authorized by Section 2A1 hue,f in the manner wd the time provided in Section 2.05 of the Ordinance. Such notice shall be in substantially the form attached hoer, as Appendix A. SECTION 2.03. NOTICE BY MAIL. Upon completion of the tentative Capital Assessment Roll and the tenmtive Maintenance Assessment Roll, the Assessment Coordinaor shall, at the time and in the I—im, specified in Section 2.06 of the Ordinance, provide fit class mailed notice of the public hearing nuthorized by Section 2.01 hereof to each real property owner proposed to be assessed at the address indicated on the Tax Roll. Sueh notice shall be io ,b,tmtially the form attached hereto as Appendix B. ARTICLE III DESCRIPTION OF PROPOSED ASSESSMENTS The City Commission proposes to create the Markbant Hills Capital end Maintenance Assess,- Area including the reel property loaned Mlhin the Markham Hills Subdivision, as more specifically identified in Appendix C aWehed here(,. The Assessment Area is proposed for the p,Fe,c of enhancing the use and enjoyment of real property loeated therein by funding (he Pr ject Cost vtd Mainteonnce Cost of the Markham Hills Local Impro.Gnenls. ARTICLE IV CAPITAL ASSESSMENTS SECTION4.01. ESTIMATED CAPITAL COST. The estimated Capital Cost of the Markham Hills Local Improveanents is $78,0W The Projom Cost of the Markham Hills Local Improvements will be fomded through the imposition of Capital Assessmems against property located io the Assesemwt Area m the manner set forth in 'his Miele IV. SECTION4.02. IMPOSITION OF CAPITAL ASSESSMENTS. The Capital Assessments shell be imposed against real properly located within the Assessmem Are. foc a period often (10) yeazs. The first annual Capital Assessment will be imemded om the ad valorem tax bill to be mailed m Ootober or November 2005. when imposed, the Capital Assessment for e.cb F'iseal Year shall eonstimte a lie, upon the Tax Parcels loomed m the Assessinem Area, pumuanl to the Ordinance. SECTION 4.03. PREPAYMENTAMOUNTS. (A) 'Che Initial Prepoymem Am.- for eaoh Tax Panel 1—led within the Assessment Aeea shall be shall be the amount detennimed by (1) dividing me number oI Platted Lots atuibmabl, sueh T.x Parcel by the total Platted Lots attdbmtable to Tax Parcels within 0te Assessment Area, and (2) mulliplying the result by Ibe estimated Capital Cost oftee Markham Hills Local Improvemens. (➢) Following the initial pmp,yment period described is Seetion 4.05 hereof, Lk Adjusted Prepayment A— t shall be set egaal to the lai'ial Prep.ymeet.Am—A for ^ 12 each Tax Parcel, other that, those Tax P—Is as to which the Assessment has beeo prepaid. The Adjusted Prepayment Amount for each Tax Parcel shall be revised annually, as provided in S-ioa 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 manner set forth io Phis Section 4.04, (A) ANNUAL DEBT SERVICE COMPONENT. The "Aaoaal Debt Service Component" shall be computed for each Fiscal Year is ,hid, the Initial Prepayment Amount (or Adjusted Prepayment Amount, ifapplimbic) of the Tax Parcel is outstanding as follm s: _ (1) "[he Assessment Coordioaor shall first calculate an annual interest rate wmputed as the lesser of (i) the City Inveshnetn Rate, or (i) as interest rate equal to six percent (6%) per year. (2) The Assessment Coordioamr shall next cnlcnlate the amount of principal due for the Tax Parcel by dividiag (i) the Tex Parwfs laitinl Prepayment Amount (or Adjusted Prepay—ot Amount, if applicable), by (if, it,, number of r—fining yenta the Assessment is payable, which shall initially be for a period of ten (10) y— (3) The Assessment Coordinator shall 11 determine the interest payable by multiplying (i) the mmnal interest rate computed in (I) above, by Li) the Initial Prepayment Amount (or Adjusted Prepayment Amount, if applicable). 13 (4) The Annnal Debt Service Component is then ealealated os the sum of the amonnt determined in (2) and (3) above. (B) CAPITAL ASSESSMENT COLLECTION COST COMPONENT. The "Capital Aeaeaement Collection Cost Component" shall be computed each Piseal Yea, for each Tax Parcel by (1) dividing (a) the Capital Assessment Collection Cost by (h) the total number of Platted Lots located in the Assessment Aron for which no prepayment has been received, and (2) multiplying the result by the number Platted Lots athibutable to such Tax Parcel. (C) CAPITAL ASSESSMENf STATUTORY DISCOUNT AMOUNT. The "Capital Assessment Statutory Discount Amount" is the amount allowed by law as the _ ..i.e. discoum for early payments of ad vnlotem taxes and von -ad valorem assessments placed on the tax bill. The "Capital AseessrnenI Statutory Discount Amount" shall be computed for each Tex N-1 as the amonol 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 Componem, from (2) the amount computed by dividing bt) the sum of (i) the Annual Debt Service Component and (ii) the Capital Assessment Collcaion Cost Component, by (b) the factor of 0.96, (D) CAPITAL ASSESSMENT. The annual Capital Assessment for each Tax Parcel shall be computed as the snm of (I) the Acnonl Debt Service Component, (2) the 14 Capital Assessment Collection Cost Component and (3) the Capital Assessment Statutory Diseount Amount. (E) REVISION OF DIUSTED PREPAYMENT AMOUNT. Upon e-ifeatiea of the Capital Assessment Roll far each Fiscal Yaar, the Adjusted Prepayment Amount for weh Tax Parcel small be recomputed by deducting (1) the principal wmponem of the Annual Debt Service Component determined is Seale, 4.04(A)(2) above and included on the Capital Assessment Roll 1'or the Tax Pa —I, from (2) the Adjusted Prepayment Amount utilized to compute the ananal Capital Assessment included on the Capital Assessment Roll for such Tax Parcel. SECTION 4.05. INITIAL PREPAYMENT OPTION. (A) Following adoption of the Final Asses —at Resolution, the Assessment Coordinator shall provide first class mailed notice to the owner of each Tax Parcel subpc, to the Capital Assessment of the ownet's option to prepay all future annual Capital Assessments. On of prior to Septenber 30, 2005, the osmec of each Tax Parcel sabjeet to the Capital Assessment shall be atitled Lo prepay all future annual Capital Assessments, upon payment of the initial Prepaymeat Amount. (B) The amonm of all prepayments made pursuant to this Seetion 4.05 shall be final. The City shall not be required m refund any portion of a prepayment if the actual Capital Cost ofthe Markh.h Fulls Local Imp--als is less Ihua the estimated Capital Cost upon which sueh the laitial Prepayment Amount was computed. SECTION4.06. ADDITIONAL PREPAYMENT OPTION. (A) F,Iio,,i,,g the date specified in the notice provided pursuant W Scalbal 4.05(A) hereof, .. such late, date as the City C,,,,i,,i,n may allow i, its solo discretion, the a—, of each Coe Pmel snbi,,t to the Capital Assessments shall be entitled to prepay all filWee unpaid ennnal Capital Aseall—c- opm payment of all =o-cepelaotheAdj,sted Prepayment Amount for Tax P—al. HD D,,i,g any period comnteuciag on the date the 'ol000 Capitol Assessment Rail is certified III "Poetical P"Isal to the Whom A,,,,,,,t C,11,ati,, Act and ,,afiog ca the next data on which unpaid elf valorem hoolls bc,.,,a dehmqllele, the City may aid— the —o- ,q,i,d to prepay the faccol -paid annual Capital A,,e,,,,,t, for the T. P..l by the al -oat of the Capital A—s—1 that has be,,, certified for collection with respect to such Tal, Ptuall. (C) The amount of all posply,11t, ,,ad, pursuant to this Section 4.06 shall be fi,,[. The City shall not be required to refund any panic, of , p,,p,y,, I if(]) the Capital Cost of the Ma,khae, Hills Local hoplo—cat, is Is,, fall, th, amotmt upon which such Adjusted Neislyeleat A111-1 was computed, ., (2) annual Capital Assess— will not be imposed to, the full laaabe, of ye— lallichelled W the time of such prepayment. SECTION 4.07. MANDATORY PREPAYMENT. (A) the —ea, of . Tax Palo,[ subject a the Capital A111111111t shall immediately prepay all fiat— unpaid annual Capital Assessments for such'Fm Parcel if 16 (1) the Tax Parcel i, acquired by a public entity tivough condemnation, negotiated sale or otherwise, or (2) a tax certificate has been issued and remains oo—ding in respect of the To, Parcel end the City, at its sole option, elects to accelerate the Capital Assessment The amount req,,ved to prepay the furore unpaid anon.] Capital Assessments will be equal to the Adjusted Prepayment Amount for such Tax Parcel. (B) During any period commencing on the date the annual Capital Assessment Roll is certified for cohesion pure...( to the UniConn Assessment Collection Act and ending oa the next date oo which unpaid ed valorem taxes become delinquent, the City may reduce the amount required to prepay the future unpaid annual Capital Assessments for the Tex Parcel by the amount of the Capital Assessment that has been certified far collection with respect to.s,ch Tax P-1. (C) The amount of A prepayments made pure...( to this Section 4.07 shall be Mal. The City shall not be required to relhnd vty portion of a prepayt... t if(]) the Capital Cost of the Markbam Hill, Local Improveanea t, is less than the moon.( upon which such Adjusted Prepayment Amount was computed, or (2) annual Capital Asses .— will cot be impo,ed for the full nwnber of years anticipated at the time of such prepayment. SECTION 4.08. REALLOCATION UPON FUTURE SUBDIVISION. (A) Upon subdivision of any I. Pmeel Iocated within the Assessment Area that is subject to the Capital Assessmeel, end e—plioo. with the conditions set forth below, the Adjusted Prepayment Amount for such Tax Pmeel shall be reallocated among the subdivided parcels. (B) In order to have the Adjusted Prepey—t Amoont for such Tax Parcel reallocated in conneelien with arty such subdivision, the owner shall be required to apply to the City end comply with each of the following conditions: (1) a recorded plat, approved site plmt or compazable doatment must be provided to the City sutTcient in detail to describe adequately the locavioo of the Tax Parcel and the individual parcels m the poop e,,bdi,i,ioo; (2) the Property Appraiser moat have assigned distioet ad valorem propetty tax identification numbus to each Individual subdivided parcel e, committed m writing to assign sneh n,—b— prior to the next ensuing August I or eny We, date approved by the City that will not prevent timely certificatien of the Capital Assessment Roll m accordance with the ltniform Assessment Collection Act; (3) at the expense of the real property ownu, an appraisal must be+ provided by a "certified general a,,ekt,," as defined io Section 475.611(g), Florida Statutes, approved by the City, which indicates the fair market value oflhe Tax Parcel prior to the subdivision and the fair mark,t value of each iodividuel 18 subdivided parcel; in determining the fair market value of the individual subdivided parcels, the appraises may take into oonsiduation any imftsswcture impovements that are then u,du coostmetron if funds s,fTl6- for then completion ore secured to the satisfaction of the City Attorney; (4) a proposed reallocation,flh, Adjusted Prepayment Amount to each individual parcel must be provided to the City; provided however, that no portion of the Adjusted Pmpaymem A-- may be reallocated to real property proposed for dedtcatiou to the public or to common use fthe ,bdi,id,d parcels; (5) the fair market vslue of ench separate parcel oRarthe subdivision must be at least five times the Adjusted Prepayment Amount reallocated I] to; and (6) the real property owner shall pay en assessmonI reallocation fee to the City for tech individual parcel resulting from the sobdivisioq in an vnount to be e,Mblisb,d by resolution of the City Commission. (C) Ifdr, owner ofmry Tax Parcel subject to the Capital Assessment subdivides such Tax Parcel and fills to comply with the foregoing conditions, the City shall reallocate the Adjusted Prepayment Amount among dte .subdivided parcels, based upon the land vale,, vthout improvements, assessed to each subdivided parcel by the Property Appraiser. At its sole option, the City may obtain m appraisal ofth, subdivided parcels at any time and reallocate the Adjusted Prepayment Amoomt based upon the land value, without imp—o—o a, reflected im dre appraisal. If an appraisal k obtained, the cost of 19 the appraisal will be allocated among the subdivided parcels on the bneis of the valve 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 nod determined that the foregoing method of reallocating the Adjusted Prepayment Amount among s,,bdi,ided parcels is fit and rcasomable, taking into consideration the opportunity for reallocation available to the owner and the requirement to provide adequate security for the City. (D) Notwithstanding the forcgoing, if a Tax Pmcel includes more than one Platted Lot, the Capital Assessment imposed against such Tax Pmecl may be reat7oc.led vg the Platted Lots upon (1) application of the owner and (2) aasip,cat of a distinct _ ad valorem propeny tax identiticatiom lumber to each Platted Lot or any combined- of Platted Lots by the Property Appraise, SECTION 4.09, CAPITAL ASSESSMENT ROLL. 'Che Assessment Coordinator is hereby directed to prepare a final eslonst, of the Capital Cost of the Markham Hills Local Improvements and to prepare the preliminary Capital Assessment Roll in the roamer provided in the Ordinance. The Assessment Coordinator shall apportion the Capital Cost fthe Markham Hllk Local Improvements among the parcels of real Oganq within dte Assessment A— 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 cons[med m require that [he Assessment troll be irr printed Conn if the amount of the 20 Capital M—S-1 f . each T,, P-1 can b, dtmi,,d by on of, —op— I=i,,[ available to the public. ARTICLE V MAINTENANCE ASSESSMENTS SECTION 5.01, ESTIMATED MAINTENANCE COST. The estimated Maintenance Cost of the Makham dills local Improvemens is $4,740 per Fiscal Year. The Maintenance Cost of the Markham Hills Local Improvements will be funded through the imposition of Maintenance Assessments against real property loaned in the Assessment Area in the manner set lorth in Article V hereof. SECTION 5.01 IMPOSITION OF MAINTENANCE ASSESSMENTS. The Maintenance Assessments shall be imposed against all real property lamed wilhin the Assessmeui A— for eselr Fiscal Year, other thmt Public Use Parcels, and shall be computed in aceordmtee with this Article V. When imposed, the Maintenance Assessment for each Fiscal Ye, 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 cumual Maiotwrance Assessments shall be computed for each Tac Parcel located in till Assessment Arco, other than Public Use Parcels, in the manner set forth in this Section 5.03. (A) ANNUAL MAINTENANCE COMPONENT. The "Mnual Maintentmee Component" shell be calculated for each U-1 Year for each Tax Parcel by (1) dividing (a) the Maintenance Cost of the Markham Hills Local Improvements b} (b) the taal 22 number of Platted Lots located in the Assessme I Area, bad (2) maltiplying the result by the number of Platted Lots attributable to such Tax Parcel (B) MAINTENANCE ASSESSMENT COLLECTION COST COMPONENT. The "Maintenance Ase —t 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 Plated Lots located in the Assessment Aroa, and (2) maltiplying the result by the number Plotted Lots attributable to -eh Tax P—el. (C) MAINTENANCE ASSESSMENT STATUTORY DISCOUNT AMOUNT. The "Maiateoaace Assessment Slotmory Discount Ala—b" shall be computed for eabh Tax parcel as the amount allowed by law as the maximum disconot for early payment of _ ad valorem taxes and non -ad valorem assessments, seen bmeaet to be c tealated by dedneting (I) the sum of (a) the Anneal Maintenance Component and (b) the Maintenance Assessment Collection Cost Component, flour (2) the atn000t competed by dividing (a) the sam of (i) the Anneal Maintenance Component and Ci) the Maintenance Assessment Collection Cost Component, by (b) the factor of0.96. (D) MAINTENANCE ASSESSMENT. the anaual Mainteaance Assessment for oath Tax P-1 shall be competed as the sour of (1) the Annual Maiat—. ce Component, (2) the Maintenance Assessment Collection Cost Componemt, and (3) the Maintenance Assessment Ststmory Discount Amount. SECTION 5.04. MAINTENANCE ASSESSMENT ROLL. The Assessment Coordinator is hereby directed to prepare a lino) estimate of the Maintenance Cost of the 23 M,kl,,,, Ifill, I. —I Improvement, end to prepare the pofib,i,my Maintenance Assessment R,11 i, the manner provided i, the Odmooe, The Assessment C,,,dib,,,, A,11 apportion the Maintenance Cost of the Markham Hill, Local lopot,e—t, wnong the parcel, of real property within the Assessment Aroa as reflected on the Tex Roll to emfomily with thit AAM, V. The estimate of Nhti,lm— C- and the Mi,,W,m,, Assessment Roll shall be —iot.ioed on file .1 City Hell end open to public inspection. The foregoing shall not be eeo—ed to oe,tio, that the MoollbIll, AIIIIIlt R,11 be i, printed Fm if the a,w,t ofth, Maintenance . ..... ot f,, each Tax P-1 can be determined by use of. computer wmi,,,] available to the public. ARTICLE VI GENERAL PROVISIONS SECTION 6.01. METHOD OF COLLECTION. llto Asseasmems shall be oollected pursuant to the Unif mt Assessmeart Collection Act. SECTION 6.02. SEVERARILITY. If arty clause. section or provision of this Resolution shall be declared nnconsdMitoval 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 theraof had not been incorporated herein. SECTION 6.03. CONFLICTS. All resolutions or parts thereof in conflict herewith are hereby repealed to the emad ofsoeh conflict. [Remnia&u of page intentionally laft bi nk] SECTION 6.04. EFFECTIVE DATE. This Res 1,6,e .shall take effect immediately upon its adoption. DULY ADOPTED this ISth day oM,gast, 2005. CITY OF LONG WOOD, FLORIDA N.G. "Batch" Bundy, Je, M o� ATTEST: SsrC ah M. Mijazes, Ciry�C e�k — Approved as to fona avd —'-t— RIcI(ard S: Tayloi, It., �ity�ttomey APPENDIX FORM OF NOTICE TO BE PUBLISHED -August 18, H05 [INSERT SMALL MAP OF ASSESSMENT ARFA[ NOTICE OF HEARING TO IMPOSE AND PRO VIDE FOR COLLECTION OF SPECIAL ASSESSMENTS IN THE MARKHAM HILLS CAPITAL AND MAINTENANCE ASSESSMENT AREA Netiee is hereby given that the City Commission of the City of Longwood will conduct a public hearing to consill u crenthat of the Markham Hills Capital and Mnintenaace Assessment Area, as shown above, and impositina of,pui,i assessments to fend the coosWetbe and maivtenanee costs of the Mmkhant Ifills Ieoal improvements, including landscaping, i igation, lighting, sigaag,, fencing and other related improvements within the Assessment Area The hearing will be held at 7:00 P.M., or as on thereafter as the matter can be heard, on September 7, 2005, at City Hall, 175 West Warren Avenue, Longwood, Florida, for the purpose of receiving public comment oa the proposed Markham Hills Capital and Mahn ennaee Assessvnent Area and collection ofthe tents on the ad valorem hm bill. All affected real property owners have .right to appear of the hearing end to Yle written objections with the City Clerk anytime prior to the public heatiag. If a person decides to eppenl any decision made by the City Commission faith respect to any matter considered at the hearing, such person will need a cord of the proceedings and may need to utsare that a verbatim record is made, including the testimony and evidence upon whieb the appenl is to be made. In wrdanc with the Americans with Disabilities Alt, pars needing a special modalion o interpreter to participate in this poo—ding should co t the City'st ADA Coordivmot at 407/260-3481 at least 48 hours prior to the dateofthe hearing. SUe assessment for each "'parcel .""I real property will be based on the number of platted Iols attributable to each parcel of reel property within the proposed Markham Hills Cnpiml and Maintenance Assessment Area. Amore specifie description of the inep—tal'ats and the method of computing We as m for each parcel of real property" et forth in the initial Assessment Resolution adopted by the City Commission on Augwt 15, 2005. Copies of the Initial Assessaent Resolution and the preliminary Assessment Roll are available for inspection at City Hell, located at 175 West Warren Avenue, Longwood, Florida. The assessments will be whetted oa the A valorem tax bill commencing with the tax bill to be mailed in October or November 2005, as authorized by Section 197.3632, Fletida Starnes. 'Cho capital portion of the assess eons will be whetted over a period of 10 yews. Fail— m pay the nsscssmeans will cause a lax c,aifi—t, w be i,—d epmt the reel property which may It m u loss of title. If you have any questions, please ...(,,I the City's Ass --t Co..dioemt et 4071260-3475. CITY OF LONG WOOD, FLOMDA A-2 APPENDIX B FORM OF NOTICE TO BE MAILED CITY OF LONGWOOD 175 West Warren Avenue Longwood, Florida 32750 407/260-3440 m [Property Owner Nmne] [Street Address] [City, State and zip] Re: Parcel Numb,,[Insets Number] Mmkhvn Hill, Capital and Maiotenaoae Assessment Area Dear Property Owner: The City of Longwood is considering creation of the Markham Hills Capital and Maintenance A Area m impose special asseesinents to fund the co —,than and maintenance costs ,f the Markham Hills local improvements, including landscaping, irrigation, lighting, sip g,, featcing and other related services within the Assessment Area. The assessment for each parcel of rent pmperty will be based on the numb,, of platted lots attributable m —1, parcel of real property within the proposed Markham Hills Capital aad Maintenance Assessment Area. A more specific description of the improvement, and the method of computing the assessment for each parcel of rent property are set forth in the Initial Assessmml Resolution adopted by the City Commission oo August 15, 2005. Copies ofth, Initial Assessment Resolution aad 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 w this let - The City i—ad, to include annual assessments on your ad valorem tax bill with the fir,t payment on the bill to be moiled in October or November 2005, The capital portion ofthe ae,esameats will be collected over a period of 10 yeas. Failure to pay your meta will cause a tax certificate to be issued against the real property which may caul' in a Ions of title. The City Commission will hold a public bearing at TOO P.M., or as on thereafter as the matter can be heard, on September 7, 2005, at City Hell located at 175 West Warren Avenue, Longwood, Florida, for the purpose of receiving comments t the proposed Markham Hill, Capitol and Maintemmce Assessment A—, incladmg 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 Clerk anytime prior to tha public hearing. Ifyou decide to appeal any decision made by the City Commission with respect to any matter eottsidered at the hearing, you will seed a record of the proceedings and may need to eosum that a verbatim record is made, including the testimony and evidence upon which the appeal is to be made, la accordance with the Americans with Disabilities Act, if you need a special acemnmodotion or m i-M,oter to partioipate in this proceeding, please contact the City's ADA Coordinator at 407/260-3481 at least 48 hours prior to the date fthe hearing. Questions regarding your assessment and the process for collec[ioo may be directed to the City', Asses,mout Coordinator to 407/260-3475. CITY OF LONGWOOD, FLORIDA .... « SEND NO MONEY NOW. THIS IS NOT AN INVOICE° « « . . Markham Hill, Capiml and Maintenance A—,-- Area [Property Owner Name] Parcel Nmnber [lose. Number] Number of Platted Lots jh,— Amoontj Amount to make full payment of capital po.ion [Lien A —Ill Number ofoapitat paymonts to Annual Capital Amouat(if not prepaid) [lose. Amoontj A—"] Meintenonce Amount [Invert Amoontl 1'1111 Annual Amount (if not prepaid) [lose. Amount] « « « t -SEND MONEY NOW. THIS IS NOT AN INVOICE' ' « APPENDIX C DESCRIPTION OF PARCELS IN THE MARKHAM HILLS CAPITAL AND MAINTENANCE ASSESSMENT AREA APPENDIX C