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Resolution 12-1315CTTY OF ]LONGWOOID, FLORIDA INITIAL ASSESSMENT RESOLUTION SHADOW HILL CAPITAL AND MAINTENANCE ASSESSMENT AREA ADOPTED AUGUST 6, 2012 TABLE OF CONTENTS PAGE ARTICLE I DEFINITIONS AND CONSTRUCTION SECTION 1.01. DEFINITIONS...............................................................................1 SECTION 1.02. INTERPRETATION......................................................................6 SECTION 1.03. FINDINGS..................................................................................... 7 ARTICLE II NOTICE AND PUBLIC HEARING SECTION 2.01. PUBLIC HEARING....................................................................10 SECTION 2.02. NOTICE BY PUBLICATION.....................................................10 SECTION 2.03. NOTICE BY MAIL.....................................................................10 ARTICLE III DESCRIPTION OF PROPOSED ASSESSMENTS SECTION 4.01 SECTION 4.02 SECTION 4.03 SECTION 4.04 SECTION 4.05 SECTION 4.06 SECTION 4.07 SECTION 4.08 SECTION 4.09 ARTICLE IV CAPITAL ASSESSMENTS ESTIMATED CAPITAL COST..................................................13 IMPOSITION OF CAPITAL ASSESSMENTS ..........................13 PREPAYMENT AMOUNTS......................................................13 COMPUTATION OF ANNUAL CAPITAL ASSESSMENTS..14 INITIAL PREPAYMENT OPTION............................................16 ADDITIONAL PREPAYMENT OPTION.................................17 MANDATORY PREPAYMENT................................................18 REALLOCATION UPON FUTURE SUBDIVISION................19 CAPITAL ASSESSMENT ROLL...............................................21 ARTICLE V MAINTENANCE ASSESSMENTS SECTION 5.01. ESTIMATED MAINTENANCE COST ..................................... 23 SECTION 5.02. IMPOSITION OF MAINTENANCE ASSESSMENTS .............23 SECTION 5.03. COMPUTATION OF MAINTENANCE ASSESSMENTS .......23 SECTION 5.04. MAINTENANCE ASSESSMENT ROLL .................................. 24 ARTICLE VI GENERAL PROVISIONS SECTION 6.01. METHOD OF COLLECTION.................................................... 26 SECTION 6.02. SEVERABILITY......................................................................... 26 SECTION6.03. CONFLICTS ...... :......................................................................... 26 SECTION 6.04. EFFECTIVE DATE..................................................................... 27 APPENDIX A - FORM OF NOTICE TO BE PUBLISHED APPENDIX B - FORM OF NOTICE TO BE MAILED APPENDIX C - DESCRIPTION OF PARCELS IN THE SHADOW HILL CAPITAL AND MAINTENANCE ASSESSMENT AREA ii RESOLUTION NO. 12-1315 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LONGWOOD, FLORIDA, DESCRIBING THE REAL PROPERTY TO BE LOCATED WITHIN THE PROPOSED SHADOW HILL CAPITAL AND MAINTENANCE ASSESSMENT AREA; DETERMINING THAT SUCH REAL PROPERTY WILL DERIVE A SPECIAL BENEFIT FROM CONSTRUCTION OF THE SHADOW HILL LOCAL IMPROVEMENTS AND THE MAINTENANCE OF SUCH IMPROVEMENTS; DETERMINING THE ESTIMATED CONSTRUCTION AND MAINTENANCE COST OF THE SHADOW FILL 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 LONGWOOID, 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. Any capitalized terms not defined herein shall have the meaning ascribed to such terms in the Ordinance. 1 "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 annually 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 amount computed for each Tax Parcel pursuant to Section 5.03(A) hereof. "Assessment Coordinator" means the person designated by the City Commission to be responsible for coordinating the Assessments, or such person's designee. "Assessment Area" means the proposed Shadow Hill Shadow Hill Capital and Maintenance Assessment Area described in Article III 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 Shadow Hill Local Improvements, and related expenses, computed in the manner described in Section 4.04 hereof. "Capital Assessment Collection Cost" means all or any portion of the estimated cost to be incurred by the City during any Fiscal Year in connection with the collection of the Capital Assessments. 2 "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 Shadow Hill 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 Shadow Hill Local Improvements and imposition of the Capital Assessments under generally accepted accounting principles; and including reimbursement to the City for any i:unds 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. "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. 3 "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 commencing 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 maintenance of the Shadow Hill Local Improvements, including replacing landscaping, tree trimming, electric, service, water.and irrigation service and other related maintenance services. "Maintenance Assessment" means an annual special assessment imposed against real property located within the Assessment Area to fund the Maintenance Cost of the Shadow Hill Local Improvements, and related expenses, computed in the manner described in Section 5.03 hereof. 11 "Maintenance Assessment Collection Cost" means all or any portion of the estimated cost to be incurred by the City during any Fiscal Year in connection 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 Shadow Hill Local Improvements and related expenses. "Maintenance Cost" means all or any portion of the expenses that are properly attributable to Maintenance under generally accepted accounting principles, including reimbursement to the City for any funds advanced for Maintenance and interest on any interfund or intrafund loan for such purpose. "Maintenance Assessment Statutory Discount Amount" :means the amount computed for each Tax Parcel pursuant to Section 5.03(C) hereof. "Ordinance" means Ordinance No. 01-1574 enacted by the City Commission 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 plat recorded in the Seminole County Official Records. 5 "Project Cost" means all or any portion of the expenses attributable to (A) the Capital Cost of the Shadow Hill 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 Shadow Hill Local Improvements or the Maintenance thereof, including, but not limited to, Government Property, retention areas, rights -of -way and utility easements. "Shadow hill Local Improvements" means the irrigation, landscaping, lighting, and other related improvements located in and adjacent to the Assessment Area. "'fax Parcel" means a parcel of real property to which the Property Appraiser has assigned a distinct ad valorem property tax identification number. "'fax boll" 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 terms 6 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 VIIL Section 2(b) of the Florida Constitution, and Sections 166.021 and 166.041, Florida Statutes, the City Commission has all powers of local self-government to perform municipal functions and to render municipal services except when prohibited by law and such power may be exercised by the enactment of legislation in the form of City ordinances. (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 Commission 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 in the Ordinance) and authorize the imposition of Assessments to fund (1) the construction of Local Improvements to benefit the real 7 property located therein, and (2) the cost of operating and maintaining Local Improvements. (D) The City Commission desires to create the Shadow Hill Capital and Maintenance Assessment Area as an Assessment Area under the Ordinance to fund the Capital Cost and Maintenance Cost of the Shadow Hill Local Improvements. The Shadow Hill 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. (E) 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. (F) Construction and Maintenance of the Shadow Hill Local Improvements will provide a special benefit to all Platted Lots located within the Assessment Area by improving and enhancing the entrances to the subdivision, the interior subdivision areas, the subdivision identity and the subdivision aesthetics and safety, thus enhancing, the value, use and enjoyment of such real property. (G) , Since all property in the Assessment Area is utilized in a similar manner for residential purposes, each Platted Lot within the Assessment Area will derive the same special benefit from construction and Maintenance of the Shadow Hill Local Improvements. Accordingly, it is fair and reasonable to apportion the Project Cost and the Maintenance Cost of the Shadow- Hill Local Improvements equally among each 8 Platted Lot within Assessment Area. (H) Due to their use, Public Use Parcels will not derive a special benefit from construction and Maintenance of the Shadow Hill Local Improvements and are therefore excluded from the Assessment Area. However, certain parcels owned by the City and used and/or designated for public park purposes (Parcel I.D.s 25-20-29-502-OP00-000.0, 25-20-29-502-OP01-0000 and 25-20-29-502-01301-0000) are included in the Assessment Area and the City intends to pay the Assessment for each of those parcels. (I) In order to reduce the financial impact the Capital Assessments will have 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 has decided that the maximum interest rate that will be charged is eight percent (8%) per year. (J) In order to .provide an incentive for real property owners to prepay their Capital Assessments, real property owners may prepay their Assessment in full with a discount of ten percent if the City receives such payment before September 14, 2012. In order to avoid an inequitable shift of the burden to other real property owners, the City shall forgo reimbursement in an amount equal to the discount. (K) 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 Shadow Hill Local Improvements by fairly and 9 reasonably allocating the cost based on the special benefit derived by the real property, in the manner hereinafter described. ARTICLE II 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 September 4, 2012, at City Hall located at 175 West Warren Avenue, Longwood, Florida, to consider (A) creation of the Assessment Area, (B) imposition of the Assessments, and (C) collection of the Assessments pursuant to the Uniform Assessment Collection Act. SECTION 2.02. NOTICE 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 manner and the time 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 Maintenance Assessment Roll, the Assessment 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 10 on the Tax Roll. Such notice shall be in substantially the form attached hereto as APPENDIX B. 11 ARTICLE III DESCRIPTION OF PROPOSED ASSESSMENTS The City Commission proposes to create the Shadow Hill Capital and Maintenance Assessment Area including the real property located within the Shadow Hill 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 Shadow Hill Local Improvements. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 12 ARTICLE IV CAPITAL ASSESSMENTS SECTION 4.01. ESTIMATED CAPITAL COST. The estimated Capital Cost of the Shadow Hill Local Improvements is $38,280.00. The Project Cost of the Shadow Hill Local Improvements will be funded through the imposition of Capital Assessments against property located in the Assessment Area in the manner set forth in this Article IV. SECTION 4.02. IMPOSITION OF CAPITAL ASSESSMENTS. The Capital Assessments shall be imposed against real property located within the Assessment Area for a period of ten (10) years. The first annual Capital Assessment will be included on the ad valorem tax bill to be mailed in October or November 2012. When imposed, the Capital Assessment for each Fiscal Year 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 Shadow Hill Local Improvements. (B) Following the initial prepayment period described in Section 4.05 hereof, the Adjusted Prepayment Amount shall be set equal to the 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 manner 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 eight percent (8% o) 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 Amount, 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 Assessment 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 "Capital 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 ASSESSMENT. The annual Capital Assessment for each Tax Parcel shall be computed as the sum of (1) the Annual Debt Service Component, (2) the 15 Capital Assessment Collection Cost Component; and (3) the Capital Assessment Statutory Discount Amount. (E) REVISION OF ADJUSTED PREPAYMENT AMOUNT. Upon certification of the Capital Assessment Roll for each Fiscal Year, the Adjusted Prepayment Amount for each Tax Parcel shall be 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 Tax Parcel. SECTION 4.05. INITIAL PREPAYMENT OPTION. (A) Following adoption of the Final Assessment 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 September 14, 2012, the owner of each Tax Parcel subject to the Assessment shall be entitled to prepay all future annual Capital Assessments, upon payment of the Initial Prepayment Amount. The City Commission, in its sole discretion, may elect to give a discount of ten percent for those owners that prepay in such period. In order to avoid an inequitable shift of the burden to other real property owners, the City shall forgo reimbursement in an amount equal to any discount provided. 1.6 (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 Shadow Hill Local Improvements is less than the estimated Capital Cost upon which such the Initial Prepayment Amount was computed. SECTION 4.06. ADDITIONAL PREPAYMENT 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 annual Capital Assessments upon payment of an amount 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 collection pursuant to the Uniform 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 4.06 shall be final. The City shall not be required to refund any portion of a prepayment if (1) the Capital Cost of the Shadow Hill Local Improvements is less than the amount upon which ,. such Adjusted Prepayment Amount was computed, or (2) annual Capital Assessments 17 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 (1) the Tax Parcel is to be acquired by a public entity through condemnation, negotiated sale or otherwise, or (2) a tax certificate has been issued and remains outstanding in respect of the Tax Parcel and the City, at its sole option, elects to accelerate the Capital Assessment. In the case of (1) above, the owner of the Tax Parcel must notify the City at least 30 days prior to the proposed acquisition date in order to allow the City sufficient time to determine whether acceleration is desired. Failure to provide such notice shall cause an automatic acceleration of such Assessment the effective date of which is 10 days prior to the proposed acquisition date. 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 commencing on the date the annual Capital Assessment Roll is certified for collection pursuant to the Uniform 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. 18 (C) The amount of all prepayments made pursuant to this Section 4.07 shall be final. The City shall not be required to refund any portion of a prepayment if (1) the Capital Cost of the Shadow Hill 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 4.08. 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 19 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 defined in Section 475.611(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 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 may 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; 1I (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. 20 (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 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 the foregoing method of reallocating the Adjusted Prepayment Amount among subdivided parcels is fair and reasonable, takinDr into consideration the opportunity for reallocation available to the owner and the requirement to provide adequate security for the City. (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 21 Shadow Hill Local Improvements and to prepare the preliminary Capital Assessment Roll in the manner provided in the Ordinance. The Assessment Coordinator shall apportion the Capital Cost of the Shadow Hill Local Improvements among the parcels of real property within the Assessment 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 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 Shadow Hill Local Improvements is $18,277.00 per Fiscal Year. The Maintenance Cost of the Shadow Hill Local Improvements will be funded through the imposition of Maintenance Assessments against real property located in the Assessment Area in the manner set forth in Article V hereof. SECTION 5.02. IMPOSITION OF MAINTENANCE ASSESSMENTS. The Maintenance Assessments shall be imposed against all real property located within the Assessment Area for each Fiscal Year hereafter, other than 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 Shadow Hill Local Improvements by (b) the total number 23 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" 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 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 Amount. SECTION 5.04. MAINTENANCE ASSESSMENT ROLL. The Assessment Coordinator is hereby directed to prepare a final estimate of the Maintenance Cost of the 24 Shadow Hill 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 Shadow Hill 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 BLANK] 25 ARTICLE VI GENERAL PROVISIONS SECTION 6.01. METHOD OF COLLECTION. Other than the City -owned parcels, the Assessments shall be collected pursuant to the Uniform Assessment. Collection Act. SECTION 6.02. SEVEItABILITY. 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 6th day of August, 2012. ATTEST: 6 - L-6xi� Sarah. M. Mirus, MMC, MBA, City Clerk CITY OF LONGWOOD, FLORIDA Brian D. Sackett, APPROVED AS TO FORM AND LEGALITY FOR TBE USE AND RELIANCE OF THE CITY OF LONGWOOD, FLORIDA ONLY: 27 APPENDIX A FORM OF NOTICE TO BE PUBLISHED To Be Published on or before August 15, 2012 [INSERT SMALL MAP OF ASSESSMENT AREA] NOTICE OF HEARING TO IMPOSE AND PROVIDE FOR COLLECTION OF SPECIAL. ASSESSMENTS IN THE SHADOW HILL 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 Shadow Hill Capital and Maintenance Assessment Area, as shown above, and imposition of special assessments to fund the landscaping, irrigation, lighting, 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 September 4, 2012, at City Hall, 175 West Warren Avenue, Longwood, Florida, for the purpose of receiving public comment on the proposed Shadow Hill 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 and to file written objections with the City Clerk anytime prior to the public hearing. If a person decides to appeal any decision made by the City Commission 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 accommodation 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 Shadow Hill 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 Commission on August 6, 2012. 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 2012, as authorized by Section 197.3632, Florida Statutes. The capital portion of the assessments will be collected over a period of 10 years while the maintenance portion will be collected each year until otherwise terminated by the City. 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 FORM[ OF NOTICE TO BE MAILED CITY OF LONGWOOD 175 West Warren avenue .Longwood, Florida 32750 407/260-3440 August _, 2012 [Property Owner Name] [Street Address] [City, State and zip] Re: Parcel Number [Insert Number] Shadow Hill Capital and Maintenance Assessment Area Dear Property Owner: The- City of Longwood is considering creation of the Shadow Hill Capital and Maintenance Assessment Area to impose special assessments to fund landscaping, irrigation, signage, lighting 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 Shadow Hill 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 Commission on August 6, 2012. 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 annual assessment will include your share of the first -year set- up/implementation costs, capital costs, maintenance costs, collection cost, and the amount Florida law requires the City to discount receipts to take into account the statutory discount on the ad valorem tax bill. The maximum annual assessment and other information related to your tax parcel are attached to this notice. The City intends to collect a total of $ annually in assessments in the assessment area, inclusive of all administrative and statutory discounts, with the first payment on the ad valorem tax bill to be mailed in October or November 2012. The capital portion of the assessments will be collected over a period of 10 years while the maintenance portion will be collected each year until otherwise terminated by the City. 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 B-1 as soon thereafter as the matter can be heard, on September 4, 2012, at City Hall located at 175 West Warren Avenue, Longwood, Florida, for the purpose of receiving comments on the proposed Shadow Hill 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 Clerk 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 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 accommodation or an interpreter to participate in this proceeding, please contact the City's ADA Coordinator at 407/260-3481 at least 48 hours prior to the date of the hearing. Questions regarding your assessment and the process for collection may be directed to the City's Assessment Coordinator at 407/260-3475. CITY OF LONGWOOD, FLORIDA am x :{ Y x Y SEND NO MONEY NOW. THIS IS NOT AN INVOICE Y X Y * SHADOW HILL 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] Y Y Y is is SEND NO MONEY NOW. THIS IS NOT AN INVOICE Y X Y APPENDIX C DESCRIPTION OF PARCELS IN THE SHADOW HILL, CAPITAL, AND MAINTENANCE ASSESSMENT AREA 25-20-29-502-0100-0150 25-20-29-502-0900-0090 25-20-29-502-0900-0030 25-20-29-502-0100-0020 25-20-29-502-OP00-0000 25-20-29-502-0900-0220 25-20-29-502-0900-0240 25-20-29-502-0600-0090 25-20-29-502-0900-0080 25-20-29-502-0600-0060 25-20-29-502-0900-0120 25-20-29-502-0900-0020 25-20-29-502-0900-0040 25-20-29-502-0300-0070 25-20-29-502-0100-0030 25-20-29-502-0600-0080 25-20-29-502-0900-0250 25-20-29-502-0100-01.80 25-20-29-502-0100-0060 25-20-29-502-0600-0020 25-20-29-502-0300-0030 25-20-29-502-0900-0070 25-20-29-502-0300-0050 25-20-29-502-0300-01.10 25-20-29-502-0900-0160 25-20-29-502-0100-01.70 25-20-29-502-0100-0130 25-20-29-502-0100-0050 25-20-29-502-0900-0060 25-20-29-502-0900-01.70 25-20-29-502-0900-0180 25-20-29-502-0900-01.90 25-20-29-502-0900-0230 25-20-29-502-0100-0330 25-20-29-502-0900-0260 25-20-29-502-0100-0110 25-20-29-502-0100-0010 25=20-29-502-0900-0210 25-20-29-502-0600-0070 25-20-29-502-0900-0100 25-20-29-502-0600-0030 25-20-29-502-0100-0120 25-20-29-502-OPO1-0000 25-20-29-502-0300-0040 25-20-29-502-0100-0090 25-20-29-502-OBO 1-0000 25-20-29-502-0100-0040 25-20-29-502-0100-0100 25-20-29-502-0900-0130' 25-20-29-502-0300-0080 25-20-29-502-0100-0160 25-20-29-502-0300-0010 25-20-29-502-0900-0140 25-20-29-502-0300-0100 25-20-29-502-0100-0140 25-20-29-502-0300-0120 25-20-29-502-0900-0110 25-20-29-502-0100-0080 25-20-29-502-0900-0150 25-20-29-502-0300-0020 25-20-29-502-0900-0200 25-20-29-502-0300-0:130 25-20-29-502-0600-0040 25-20-29-502-0300-0090 25-201-29-502-0100-0070 25-20-29-502-0200-0170 25-201-29-502-0600-0010 25-20-29-502-0200-0:180 25-20-29-502-0900-0010 25-20-29-502-0400-0130 25-20-29-502-0900-0050 25-20-29-502-0200-0030 25-20-29-502-0600-0050 25-20-29-502-0200-0110 25-20-29-502-0100-0190 25-20-29-502-0200-0120 25-20-29-502-0500-0040 25-20-29-502-0100-0250 C-1 25-20-29-502-0100-0260 25-20-29-502-0200-0160 25-20-29-502-0400-0040 25-20-29-502-0100-0280 25-20-29-502-0100-0290 25-20-29-502-0100-0270 25-20-29-502-0400-0030 25-20-29-502-0100-0200 25-20-29-502-0400-00.60 25-20-29-502-0200-0190 25-20-29-502-0400-0080 25-20-29-502-0300-0060 25-20-29-502-0200-0060 25-20-29-502-0400-0020 25-20-29-502-0400-0010 25-20-29-502-0200-0040 25-20-29-502-0200-0150 25-20=29-502-0200-0080 25-20-29-502-0400-0120 25-20-29-502-0400-0100 25-20-29-502-0200-0010 25-20-29-502-0100-0220 25-20-29-502-0400-0070 25-2.0-29-502-0200-0020 25-20-29-502-0200-0140 25-20-29-502-0500-0020 25-20-29-502-0200-0090 25-20-29-502-0200-0100 25-20-29-502-0100-0240 25-20-29-502-0200-0050 25-20-29-502-0200-0070 25-20-29-502-0200-0130 25-20-29-502-0100-0210 25-20-29-502-0200-0200 25-20-29-502-0400-0050 25-20-29-502-0500-0010 25-20-29-502-0100-0230 25-20-29-502-04.00-0090 25-20-29-502-0400-0110 25=20-29-502-1000-0120 25-20-29-502-1000-0050 C-2 25-20-29-502-1000-0160 25-20-29-502-1000-0070 25-20-29-502-0800-0160 25-20-29-502-0800-0050 25-20-29-502-0800-0020 25-20-29-502-0800-0130 25-20-29-502-1000-0010 25-20-29-502-1000-0140 25-20-29-502-0700-0010 25-20-29-502-0800-0170 25-20-29-502-1000-0040 25-20-29-502-1000-0150 25-20-29-502-1000-0200 25-20-29-502-1000-0080 25-20-29-502-1000-0020 25-20-29-562-1000-0130 25-20-29-502-0800-0150 25-20-29-5.02-0700-0020 25-20-29-502-1000-0180 25-20-29-502-0700-0130 25-20-29-502-0800-0090 '25-20-29-502-0800-0010 25-20-29-502-1000-0190 25-20-29-502-0800-0030 25-20-29=502-1000-0170 25-20-29-502-0800-0120 25-20-29-502-0800-0070 25-20-29-502-0800-0060 25-20-29-502-1000-0060 25-20-29-502-0700-003'0 25-20-29-502-0700-0120 25-20-29-5 02-0800-0080 25-20-29-502-0800-0040 25-20-29-502-0800-0140 25-20-29-502-0700-0110 25-20-29-502-1000-0030 25-20-29-502-0800-0180 25-20-29-5.02-1000-0110 25-20-29-502-1000-0100 25-20-29-502-1000-0090 25-20-29-502-0800-0100 25-20-29-502-0800-0110 25-20-29-502-0900-0270 25-20-29-502-0900-0280 25-20-29-502-0700-0090 25-20-29-502-0700-0100 25-20-29-502-0700-0080 25-20-29-502-0700-0070 25-20-29-502-0700-0060 25-20-29-502-0700-0050 25-20-29-502-0700-0040 25-20-29-502-0100-0320 25-20-29-502-0100-0310 25-20-29-502-0100-0300 25-20-29-502-0500-0030 C-3 LONGW-00D Fostering citizen trust and cultivating a prosl-mrous community April 6, 2012 NEIGHBORHOOD IMPROVEMENT ASSESSMENT PROGRAM SHADOW BILL SUBDIVISION PETITION BY PROPERTY OWNERS This petition is a request to the City Commission of the City of Longwood by the owners of property located in the Shadow Hill Subdivision located in Plat Book 17 Pages 61, 62 & 63 respectively of the Public: Records of Seminole County, Florida to implement a Subdivision Beautification Program using the Subdivision Beautification Assessment Program. In order for the project to be considered 60% of the responding property owners must be in favor of the subdivision beautification assessment program. If the project is approved by the City Commission, the property owners will pay ALL costs associated with this project. Each property owner will be assessed for a portion of the costs allocated on a per parcel basis. There are 175 assessable parcels of property in this area. The estimated total capital cost per parcel will be approximately $22.00 for each assessable parcel of property'and is payable up to ten (10) years on your yearly property tax bill. A parcel is defined as a platted lot, not tax ID parcel. The, estimated cost includes the estimated financing fees, interest and pro-rata share of the borrowing costs if you choose to pay for the assessment costs on your tax bill over the full term, up to 10 years. Interest rates are adjusted annually to reflect the City's realized interest earnings rate. The most recent interest rate was approximately 0.2576/o. The Subdivision Beautification Assessment. Program consists of a Capital component and a Maintenance component. The Capital component will be up to a ten (10) year assessment program, subject to interest, fees and borrowing costs unless the Capital component of the assessment is paid in full during the allowable pre -payment period, in which case it will be subject for a 10% discount for pre -payment. The pre -payment period commences after the final public hearing is held. The Maintenance component of the assessment will be approximately $98.00 per year, however the Maintenance component annual assessment amount may require adjustment from time to time, no more frequently than annually, due to cost factors. Property owners will be advised of date and time of Public Hearing for such adjustment. Annual payments will include interest accrued from the date of the Public Hearing and the annual installments will reflect the assessment payment including interest, financing fees and a portion of the borrowing costs and will appear on the tax bill beginning November of each year after the project is approved. The assessments (on your tax bill) are subject to discounts if paid early and penalties 175 West Warren Avenue o Longwood, Florida 32750 0 (407) 260-3440 Voice - (407) 260-3419 Fax www.longwoodfl.or HISTORIC -%4 ]LONGWOOD FLORID\-1400 Petition, Page Two if the payments are delinquent until at least November 2012. appearing on the tax bill. Cit wooci of Long Fostering citizen trust and cultivating a prosperous convnunit)� This particular assessment, if approved, will not appear on the tax bill However, the project can be completed prior to the first installment Additionally, each property owner will be notified of the Public Hearing date and time by regular mail after project design is completed. If the project is approved, each property owner will be notified by certified mail of the due date of the assessment amount and when to pay in order to take advantage of the pre -payment period. The annual payment amount for the capital component will remain the same throughout the ten years of repayment of the assessments. THIS PETITION MUST BE RETURNED WITHIN THIRTY (30) DAYS FROM THE DATE OF THE MAILING IN ORDER TO BE INCLUDED IN THE TABULATION FOR RESPONSES FOR OR AGAINST THE PROPOSED PROJECT. THE INITIALLY PROPOSED CAPITAL IMPROVEMENTS INCLUDE UPGRADING AND LANDSCAPING OF THE MAIN ENTRANCE AT EE WILLIAMSON ROAD AND SUNSET DRIVE. UPGRADING AND LANDSCAPING OF THE TWO ISLANDS ON SUNSET DRIVE. BY SIGNING THIS PETITION, THE PROPERTY OWNER AGREES HE OR SHE HAS READ AND UNDERSTANDS THE INFORMATION PROVIDED ON THIS PETITION. Please return this petition to: Jon C. Williams, City Administrator 175 West Warren Avenue Longwood, FL 32750 Please return by ,May 6, 2012 OWNERS OF PROPERTY LOCATED AT: 131 MARGO LN LONGWOOD, FL 32750 =YES, I DO APPROVE OF THE PROPOSED SUBDIVISION BEAUTIFICATION ASSESSMENT PROJECT Signature Printed Name =1\[O, I DO NOT APPROVE OF THE PROPOSED SUBDIVISION 1EAUTIFICATION ASSESSMENT PROJECT Signature Printed Name 175 West Warren Avenue o Longwood, Florida 32750 0 (407) 260-3440 Voice - (407) 260.3419 Fax www.longwoodfl.or Parcel Address Parcel Address:Full Pin A Suhdivlsion Yes No 25-20-29-502-0100-0150 131 MARGO LN 131 MARGO LN 1 SHADOW HILL 25-20-29-502-0900-0030 105 SHADOW TRL 105 SHADOW TRL 2 SHADOW HILL 1 25-20-29-502-OP00-0000 146 SUNSET DR 146 SUNSET OR 3 SHADOW HILL 25-20-29-502-0900-0240 155 SHADOW TRL I55'SHADOW TRL 4 SHADOW HILL 25-20-29-502-090020080 115 SHADOW TRL 115 SHADOW TRL - 5 SHADOW HILLUT 1 25-20-29-502-0900-0120 123 SHADOW TRL 123'5HADOW TRL 6 SHADOW HILL 1 D0 25-20-29-502-0900-40 167 SHADOW TRL 307 SHADOW TRL 7 SHADOW HILL 25-20-29-502-0300-0030 105 MARGO LN 105 MARGO LN 8 SHADOW HILL 25-20-29-502-0900.0250 157 SHADOW TRL 157 SHADOW TRL 9 SHADOW HILL 1 25-20-29-502-0100.0060 111 MARGO LN III MARGO LN 10 SHADOW HILL 1 25-20-29-502-0300.0030 104 SUNSET DR 104 SUNSET DR 11[SHADOW HILL 25-20-29-502-0300.0050 108 SUNSET DR . 108'SUNSET DR 12 SHADOW HILL 1 25-20-29-502-09DO-0160 139 SHADOW TRL 13S. SHADOW TRL 13 SHADOW HILL 1 25-20-29-502-0100-0130 127 MARGO LN 127'MARGO 'LN 14 SHADOW HILL 1 25-20-29-502-0900-0060 111 SHADOW TRL III SHADOW TRL 15 SHADOW HILL 25-20-29-502-0900-0180 143 SHADOW TRL 1,11 SHADOW TRL 16 SHADOW HILL 1 25-20-29-502-0900-0230 153 SHADOW TRL I'l0ADOW TO 17 SHADOW HILL S 25-20-29-502-0900-0260 159 SHADOW TRL 1511 SHADOW TRL 18 SHADOW HILL '1 25-20-29-502-0300-0010 101 MARGO LN 101 MARGO LN 19 SHADOW HILL 1 25-20-29-502-0600-0070 105 MOUND ND'ST 105140UND'ST TV 20 SHADOW HILL I 25-20-29-502-0600-0030 113 MOUND ST 113 MOUND ST 21 SHADOW HILL I 25-20-29-502-OP01-0000 LONGWOOD, FL32750 22 SHADOW HILL 25-20-29-502-0100.0090 119 MARGO LN 119 MARGO LN 23 SHADOW HILL 25-20-29-502-0100-0040 107 MARGO. LN 107 MARGO LN 24 SHADOW HILL 25-20-29-502-0900-0130 125SHADOW TRL 125 SHADOW TRL 25 SHADOW HILL 1 25-20-29-502-0100-0160 133 MARGO LN 133 MARGO LN 26 SHADOW HILL 25-20-29-502-D900-0140 127 SHADOW TRL 127 SHADOW TRL OM 21 SHADOW HILL 25-20-29-502-0100.0140 129'14ARGO LN 1211 MARGO LN 28 SHADOW HILL 1 25-20-29-502-0900.0110 121 SHADOW TRL 121 SHADOW TRL 29 SHADOW HILL 'I 25-.20-29-502-0900-0150 137 SHADOW TRL 137 SHADOW TRL 30 SHADOW HILL - 25-20-29-502-0900-0200 147 SHADOW TRL 147 SHADOW TRL 31 SHADOW HILL ZS-20-29-502-0600-0040 111 MOUND ST 111 MOUND ST 32 SHADOW HILL 25-20-29-502-0100.0070 113 MARGO LN 113 MARGO LN 33 SHADOW HILL 25-20-29-502-0600.0010 117 MOUND ST 117 MOUND ST LOUC 34 SHADOW HILL I 25-20-29-502-0900.0010 101 SHADOW TRL 101 SHADOW TRL 35 SHADOW HILL 1 25-20-29-502-0900-0050 109 SHADOW TRL 109 SHADOW TRL 36 SHADOW HILL 25-20-29-502-0600-0050 109 MOUND ST 109 MOUND ST 37 SHADOW HILL 1 25-20-29-502-0100-0190 139 MARGO LN 139 MARGO LN 38 SHADOW HILL 25-20-29-502-0500-0040 107 CAYLE AVE 107 CAYLE AVE 39 SHADOW HILL 1 25-20-29-5D2-0900-0090 117 SHADOW TRL IN SHADOW TRL 40 SHADOW HILL I 25-20-29-502-0100-0020 303 MARGO LN 303 MARGO LN 41 SHADOW HILL I 25-20-29-502-0900-0220 151 SHADOW TRL 151 SHAOOWTRL 42 SHADOW HILL 25-20-29-502-0600-0090 101 MOUND & LAMONT 301 MOUND & LAM 0NT 43 SHADOW HILL 25.20-29-502-0600.0060 107 MOUND ST 107 MOUND ST .WnOn25-20-29-502-0900.0020 44 SHADOW HIII 103 SHADOW TRL 103 SHADOW TRL 45 SHADOW HILL 1 25-20-29-502-0300-0070 102 SHADY LN 102 5WI-N 46 SHADOW HILL 25-20-29-502-0600-0080 103 MOUND ST 103 MOUND ST 47 SHADOW HILL 1 25-20-29-502-0100.0180 137 MARGO LN I37 MARGO LN 48 SHADOW HILL I 25-20-29-502-0600.0020 115 MOUND ST 115140LINDST 49 SHADOW HILL 25-20-29-502-0900-0070 113 SHADOW TRL 113 SHADOW TRL 50 SHADOW HILL 25-20-29-502-0300-0110 110 SHADY LN 110 SHADY LN 51 SHADOW HILL 25-20-29-50Z-0100-0170 135 MARGO LN 335 MARGO LN 52 SHADOW HILL 1 25-20-29-502-0100-0050 109 MARGO LN 109 MARGO LN LON 53 SHADOW HILL 25-20-29-502-0900-0170 141 SHADOW TRL HA 141: SDOW TRL 54 SHADOW MILL 1 25-20-29-502-0900-0190 145 SHADOW TRL 145 SHADOW TRL 55 SHADOW HILL 1 25-20=29-.502-0300-0330 10O LAMONTAVE 100 LAMONT AVE 56 SHADOW HILL 25-20-29-502-0100-0110 123 MARGO LN 123 MARG&LN 57 SHADOW HILL 25-20-29-502-0900-0210 149 SHADOW TRL 149 SHADOW.TRL 58 SHADOW HILL 25-20-29-502-0900-0100 119 SHADOW TRL 119 SHADOW TRL 59 SHADOW HILL 1 25-20-29-502-0100-0120 125 MARGO LN 125,MARGOaLN 60 SHADOW HILL 25-20-29-502-0300-0040 106 SUNSET DR 106 SUNSET DR - 61 SHADOW HILL 25-20-29-502-OB01-0000 LONGWOOD,. FL 32750 62 SHADOW HILL 25-20-29-502-0300-0100 121 MARGO LN 121 MARGO LN 63 SHADOW HILL 25-20-29-502-0300-0080 104 SHADY LN 304 SHADY LN 64 SHADOW HILL 25-20-29-502-0300-0010 100 SUNSET DR 100-SUNSET DR 65 SHADOW HILL 1 25-20-29-502-0300-0100 108 SHADY LN 108 SHA. Y LN 66 SHADOW HILL 25-20-29-.502-0300-0120 112 SHADY LN 112 SHADY LN 67 SHADOW HILL 1 25-20-29-502-0100-0080 115 MARGO LN 115 MARGO LN 68 SHADOW HILL 25-20-29-502-0300-0020 102 SUNSET DR 102 SUNSET DR 69 SHADOW HILL 25-20-29-502-0300-0130 114 SHADY LN 114SHADY'LN LON 70 SHADOW HILL 1 25-20-29-502-0300-0090 106 SHADY LN - 306HA SDY LN 71 SHADOW HILL 1 25-20-29-502-0200-0170 115 SHADY CT 115SHADY CT 72 SHADOW HILL 1 25-20-29-502-0200-01B0 113 SHADY CT 111SHADV Cr 73 SHADOW HILL I 25-20-29-502-0400-0130 103 SHADY LN 303,SHADY',LN 74 SHADOW HILL - 25-20-29-502-0200-0030 104 MARGO LN 104 MARGO LN 75 SHADOW HILL 25-20-29-502-0200-0110 128 MARGO LN 128990 LN 76 SHADOW HILL 25-20-29-502-0200-0120 127 SUNSET DR 127SUNSET DR Lob = 77 SHADOW HILL 25-20-29-502-0100-0250 133 SUNSET DR 133'SUNSET DR 78 SHADOW HILL 25-20-29-502-0100-0260 135 SUNSET DR 131 SUNSET DR 79 SHADOW HILL 25-20-,29-502-0200-0160 117 SHADY CT 117 SHADY Cr 80 SHADOW HILL 1 25-20-29-502-0400-0040 126 SUNSET DR -' 126 SUNSET OR 81 SHADOW HILL 1 25-20-29-502-0100-0280 139 SUNSET DR 139 SUNSET DR 82 SHADOW HILL 1 25-20-29-502-0100-0290 141 SUNSET DR' 141 SUNSET DR 83 SHADOW HILL 1 25-20-29-502-0100-0270 137 SUNSET DR 137 SUNSET DR 84 SHADOW HILL 25-20-29-502-0400-0030 124 SUNSET OR 124 SUNSET DR 1711 85 SHADOW HILL 25-20-29-502-0100-0200 140 MARGOLN140 MARGO LN 86 SHADOW HILL 25-20-29-502-0400-0060 130. SUNSET OR 130 SUNSET DR' 87 SHADOW HILL 1 25-20-29-502-0200-0190 111,SHADY Cr 111 SHADY Cr 88 SHADOWHILL 1 25-20-29-502-0400-0080 113 SHADY LN 113 SHADY LN 89 SHADOW HILL 25-20-29-502-0300-0060 110 SUNSET DR 110 SUNSET DR 90 SHADOWHILL 25-20-29-502-0200-0060 118MARGO LN 118 MAR GO LN 91 SHADOW HILL 25-20-29-502-0400-0020 122SUNSET DR 122.SrSET DR 92 SHADOW HILL I 25-20-29-502-0400-0010 120 SUNSET DR 120 SUNSET DR 93 SHADOW HILL 1 25-20-29-502-0200-0040 106 MARGO LN 106 MARGO LN - 94 SHADOW. HILL 1 25-20-29-502-0200-0150 119 SHADY CT I19 SHADY Ci 95 SHADOW HILL 1 25-20-29-502-0200-0080 122'MARGO,LN 122 MARGO LN 96 SHADOW HILL 25-20-29-502-0400-0120 105 SHADY LN 109 SHADY LN 97 SHADOW HILL 25-20-29-502-0400-0100 109 SHADY LN 109 SHADY LN 98 SHADOW HILL 25-20-29-502-0200-0010 100 MARGO LN 100 MARGO LN 99 SHADOW HILL 1 25-20-29-502-0100-0220 136;MARGO LN 136 MARGO LN -100 SHADOW HILL 25.20-29-502-0400-0070 132 SUNSET DR 132 SUNSET DR 101 SHADOW HILL 25-20-29-502-0200-0020 102 MARGO LN 302 MARGO LN 102 SHADOW,HILL 1 25-20-29-502-0200-0140 123 SUNSET DR 123 SUNSET DR 103 SHADOW HILL 25-20-29-502-0500-0020 103 CAYLE AVE 103 CAVLE'AVE 104 SHADOW HILL 1 25-20-29-502-0200-0090 124 MARGO LN 124 MARGO LN 105 SHADOW HILL 1 25-20-29-502-0200-0100 126 MARGO LN 126 MARGO LN - LON 106 SHADOW HILL 25-20-29-502-0100-0240 132 MARGO LN 132 MARGO LN 107 SHADOW HILL 25-20-29-502-0200-0050 116'MARGO LN 116 MARGO LN 308 SHADOW HILL 1 25-20-29-502-0200-0070 120,MARGO LN 120 MARGO LN 197qn 109 SHADOW HILL 1 25-20-29-502-0200-0130 125 SUNSET DR 125 SUNS ET OR 110 SHADOW HILL 25-20-29-502-0100-0210 138 MARGO LN 138 MARGO LN I11 SHADOW HILL 1 25-20-29-502-0200.0200 107 SUNSET DR 107 SUNSET DR 112 SHADOW HILL 25-20-29-502-0400-0050 128 SUNSET DR 128 SUNSET DR 113 SHADOW HILL �eturned eturned 25-20-29.502-0500-0010 101 CAYLE AVE 101 CAYLE AVE 114 SHADOW HILL 25-20-29-502-0100-0230 134 MARGO LN 134 MARGO LN 115 SHADOW HILL 25-20-29-502-0400-0090 ill SHADY LN III SHADY LN 116 SHADOW HILL 1 25-20-29-502-0400-0130 107 SHADY LN 107 SHADY LN 117 SHADOW HILL 1 25-20-29-502-1000-0120 138 SHADOW TRL 138 SHADOW TRL 116 SHADOW HILL 25-20-29-502-1000-0050 158 SHADOW TRL 156 SHADOW TRL 319 SHADOW HILL 25-20-29-502-.1000-0160 128 SUNRISE CT 128 SUNRISE CT LD"G 120 SHADOW HILL 25-20-29-502-1000-0070 154 SHADOW TRL 154 SHADOW TRL LnUr 121 SHADOW HILL 25-20-29-502-0600-0160 112 HILLTOP DR 112 HILLTOP DR 122 SHADOW HILL 25-20-29-502-0800-0050 161 SUNSET DR 161 SUNSET DR 123 SHADOW HILL 25-20-29-502-0800-0020 106 SHADOW TRL 106 SHADOW TRL 124 SHADOW HILL 25-20-29-502-0800-0130 106 HILLTOP DR 106 HILLTOP D_ELR 121 SHADOW HILL 25-20-29-502-1000-0010 162 SUNSET DR 162.'UNSET OR 126 SHADOW HILL 25-20-29-502-1000-0140 132 SUNRISE CT 132 SUNRISE C( 127 SHADOW HILL 25-20-29-502-0700-0010 115 HILLTOP DR 115 HILLTOP DR 1211 SHADOW HILL 25-20-29-502-0800-0170 114 HILLTOP DR 114 HILLTOP DR 129 SHADOW HILL 1 25-20-29-502-1000-0040 156 SUNSET DR 156 SUNSET DR 130 SHADOW HILL 1 25-20-29-502-1000-0150 130 SUNRISE CT 130 SUNRISE CT 131 SHADOW HILL 1 25-20-29-502-1000-0200 118 SHADOW TRL 118 SHADOW TRL 112 SHADOW HILL 25-20-29-502-1000-0080 152 SHADOW TRL 152 SHADOW TRL 133 SHADOW HILL 25-20-29-502-1000-0020 160 SUNSET DR 160 SUNSET DR 134 SHADOW HILL 1 25-20-29-502-1000-0130 134 SUNRISE Cr 134 SUNRISE CT 111" 135 SHADOW HILL 1 25-20-29-502.0800-0150 110 HILLTOP DR 130 HILLTOP DR 'WrInrn25-20-29-502-0700.0020 136 SHADOW HILL I 108 MOUND ST 108 MOUND ST 137 SHADOW HILL 25-20-29-502-1000.0180 122 SHADOW TRL 122 SHADOW TRL LaN 138 SHADOW HILL 1 25-20.29-502-0700.0130 109 HILLTOP DR 109 HILLTOP DR 139 SHADOW HILL 25-20-29-502-0800-0090 153 SUNSET DR 153 SUNSET OR 110 SHADOW HILL 25-20-29-502-0800-0010 104 SHADOW TRL 104SHADOW TRL Drur 141 SHADOW HILL 25-20-29-502-3000-0190 120 SHADOW TRL 120SHADOW TRL 142 SHADOW HILL 25-20-29-502-0800-0030 108 SHADOW TRL 108SHAOOW TRL 143 SHADOW MILL 1 25-20-29-502-1000-0170 126 SUNRISE CT 126 SU14FUSE CT 144 SHADOW HILL 1 25-20-29-502-0800-0120 LONGWOOD, FL 32750 145 SHADOW HILL 25-20.29-502-0600-0070 157 SUNSET DR 157 SUNSET DR 146 SHADOW HILL 1 25.20-29-502-0800-0060 159 SUNSET OR 159 SUNSET DR 147 SHADOW HILL 1 25-20-29-502-1000-0060 156 SHADOW TRL 156 SHADOW TRL 148 SHADOW HILL 1 25-20-29-502-0700.0030 106 MOUND ST 106 MOUND ST 149 SHADOW HILL 1 25-20-29-502-0700.0120 107 HILLTOP DR 107 HILLTOP DR 150 SHADOW HILL 1 25-20-29-502-0800-0080 155 SUNSET DR 155 SUNSET DR 151 SHADOW HILL 25-20-29.502-0800-0040 110 SHADOW TRL 1305HADOW TRL Wnnn nNr tL7 152 SHADOW HILL 25-20-29-502-0800-0140 108 HILLTOP OR 108 HILLTOP DR Labirwinnn El In"' 153 SHADOW HILL 25-20-29-502-0700.0110 105 HILLTOP DR 105 HILLTOP OR 154 SHADOW HILL 25-20-29-502-1000-0030 158 SUNSET DR 158 SUNSET DR 155 SHADOW HILL 1 25-20-29-502-0800-0180 116 HILLTOP OR 116 HILLTOP OR 356 SHADOW HILL 25-20-29-502-1000-0110 140 SHADOW TRL 140 SHADOW TRL 157 SHADOW HILL 25-20-29-502-1000-0100 144 SHADOW TRL 144 SHADOW TRL Nr 158 SHADOW HILL 1 25-20-29-502-5000-0090 148 SHADOW TRL 148 SHADOW TRL 159 SHADOW HILL i 25-20-29-502-0800-0100 151 SUNSET DR 151 SUNSET DR 160 SHADOW HILL 25-20-29-502-0800-0110 149 SUNSET DR 149 SUNSET DR 161 SHADOW HILL 1 25-20-29-502-0900-0270 150 SUNSET DR - 150 SUNSET DR 162 SHADOW HILL 1 25-20-29-502-0900-0280 148 SUNSET DR 148 SUNSET DR 163 SHADOW HILL. 25-20-29-502-0700-0090 147 SUNSET DR 141 SUNSET DR 164 SHADOW HILL 25-20-29-502-0700-0100 103 HILLTOP DR 101 HILLTOP DR 165 SHADOW HILL 1 25-20-29-502-0700-0080 145 SUNSET OR 145 SUNSET DR 166 SHADOW HILL 25-20-29-502-0700-0070 105 LAMONT AVE 105 LAMONT AVE 167 SHADOW HILL 25-20-29-502-0700-0060 103 LAMONT AVE 1031AMONT AVE D. 168 SHADOW HILL 25-20-29-502-0700-0050 102 MOUND ST 102 MOUND ST 169 SHADOW HILL 25-20-29-502-0700-0040 104 MOUND ST 304 MOUND ST 'Wrn 170 SHADOW HILL returned nothing marked 25-20-.29-502-0100-0320 102LAMONTAVE 302 LAM0 NT AVE 171 SHADOW .HILL 1 25-20-29-502-0100-0310 104 LAMONT AVE '104 LAM0NT AVE nn 172 SHADOW HILL 1 25-20-29-502-0100-0300 143 SUNSET DR 143 SUNSET OR 173 SHADOW HILL 1 25-20-29-502-0500-0030 105 CAYLE AVE 105 CAYLE.AVE 174 SHADOW HILL 1 0b 14 Shadow Hills Number of Homes ASSESSMENT COMPONENTS: Maintenance Component Landscape, Mowing and Tree Trimming Electric Utility Water Utility Irrigation Administration Total Annual Maintenance Cost Shadow Hills Total Cost Ar nual $ 174 Annual her Unit 7,200.00 41.38 2,525.00 14.51 700.00 4.02 1,427.00 8.20 6,425.00 36.93 18,277.00 105.04 $ 18,277.00 $ 105.04 Note: Administration Includes legal fees, mailing costs, tax collector fees and statutory discounts. Shadow Hills Shadow Hills Total Cost Annual Annual $ Number of Homes 174 Capital 10 Year Per Unit ASSESSMENT COMPONENTS: Replacement Signs 14,000.00 1,400.00 8.05 Electrical Upgrades 10,280.00 1,028.00 5.91 Landscaping 14,000.00 1,400.00 8.05 38,280.00 3,828.00 22.00 Total Annual Capital Cost 1 $ 38,280.00 $ 3,1128.00 $ 22.00