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17-1441 Adopting a Five Year Capital Improvement Plan 2019-2023RESOLUTION NO. 17-1441 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LONGWOOD, FLORIDA, ADOPTING A FIVE YEAR CAPITAL IMPROVEMENT PROGRAM FOR THE FISCAL YEARS 2019, 2020, 2021, 2022 AND 2023 PURSUANT TO THE REQUIREMENTS OF SECTION 6.07 OF THE LONGWOOD CITY CHARTER, PROVIDING FOR EFFECTIVE DATE. WHEREAS, Section 6.07 of the City Charter requires that the City Commission adopt a Five Year Capital Improvement Program on or before the last day of the current fiscal year and; WHEREAS, the City Commission has prepared a Five Year Capital Improvement Program for Fiscal Years 2019, 2020, 2021, 2022 and 2023; and WHEREAS, a general summary of the Five Year Capital Improvement Program has been published in the Sanford Herald on September 3, 2017, stating the times and places where copies of the Capital Improvement Program are available for inspection by the public, and the time and place for the public hearing; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LONGWOOD, FLORIDA, AS FOLLOWS: 1: That a Five Year Capital Improvement Program for Fiscal Years 2019, 2020, 2021, 2022 and 2023 as indicated on "Exhibit A", is hereby adopted. 2: That "Exhibit A", containing the Five Year Capital Improvement Program, is hereby attached and made a part of this resolution by reference thereto. PASSED AND ADOPTED THIS 18t' DAY OF SWAB ber, 2017. r Joseph Durso, Mayor � rzi- J� vk, Roe Tr F t R M. C i t v C I e r k Approved as to form and legality for the use and reliance of the City of Longwood, Florida, only. qedieVao6y, ttorney Resolution 17-1441- Exhibit A CITY OF LONGWOOD - CAPITAL IMPROVEMENT PROGRAM - FISCAL YEARS 2019-2023 FINANCING METHOD FY 2018119 FY 2019120 FY 2020121 FY 2021122 FY 2022123 TOTAL PUBLIC FACILITIES IMPROVEMENT FUND AD VALOREM TAXES, $ 1,075,000 $ 1,075,000 $ 1,075,000 $ 1,075,000 $ 1,075,000 $ 5,375,000 ONE CENT SALES TAX, LOCAL OPTION GAS TAXES AND PAVING ASSESSMENTS AD VALOREM TAXES, PARKS CAPITAL IMPROVEMENT GRANTS 3,863,598 0 25,000 40,000 0 $ 3,928,598 STORMWATER CAPITAL IMPROVEMENT STORMWATER FEES 300,000 300,000 300,000 200,000 300,000 $ 1,400,000 PUBLIC UTILITIES FUND / WATER PUBLIC UTILITIES 425,000 425,000 425,000 425,000 1,225,000 $ 2,925,000 PUBLIC UTILITIES FUND / WASTEWATER FUND REVENUES 5,550,000 5,550,000 5,550,000 5,025,000 5,025,000 $ 26,700,000 TOTAL CAPITAL IMPROVEMENT PROGRAM $ 11,213,598 $ 7,350,000 $ 7,375,000 $ 6,765,000 $ 7,625,000 $ 40,328,598