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18-1476 Adopt Five Year Capital Improvement ProgramRESOLUTION NO 18-1476 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 9, 2018, 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 1�A"F September, 2018. Ben Paris, Mayor Approved as to form and legality for the use and reliance of the CityO Florida, only Attorney Resolution 18-1476- Exhibit A CITY OF LONGWOOD - CAPITAL IMPROVEMENT PROGRAM - FISCAL YEARS 2019-2023 FINANCING METHOD FY 2018/19 FY 2019120 FY 2020/21 FY 2021122 FY 2022J23 TOTAL PUBLIC FACILITIES IMPROVEMENT FUND AD VALOREM TAXES, $ 2,885,000 $ 1,800,000 $ 3,510,000 $ 3,335,000 $ 1,260,000 $ 12,790,000 ONE CENT SALES TAX, LOCAL OPTION GAS TAXES AND PAVING ASSESSMENTS AD VALOREM TAXES, CAPITAL PROJECTS FUND GRANTS 4,101,439 1,466.066 1118,726 1,693,293 3.854,491 $ 12,234,014 STORMWATER CAPITAL IMPROVEMENT STORMWATER FEES 235,000 568,064 1,160,329 360.000 350,000 $ 2,673,393 PUBLIC UTILITIES FUND I WATER &WASTEWATER FUND REVENUES 5,016,800 6,570,000 5,170,000 5,070.000 5,220,000 $ 27,046,800 TOTAL CAPITAL IMPROVEMENTPROGRAM $ 12,238,239 $ 10,404,129 $ 10,959.055 $ 10,458,293 $ 10,684,491 $ 54,744,207