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19-2160 Proposes the Creation of the 2019 Wastewater Assessment AreaRESOLUTION NO. 19-2160 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LONGWOOD, FLORIDA, RELATING TO THE CONSTRUCTION AND FUNDING OF WASTEWATER COLLECTION FACILITIES; DESCRIBING THE REAL PROPERTY TO BE LOCATED WITHIN THE PROPOSED ASSESSMENT AREA; DETERMINING THAT CERTAIN REAL PROPERTY WILL BE SPECIALLY BENEFITED BY THE WASTEWATER COLLECTION FACILITIES; ESTABLISHING THE METHOD OF ASSESSING THE COSTS OF THE WASTEWATER COLLECTION FACILITIES AGAINST THE REAL PROPERTY THAT WILL BE SPECIALLY BENEFITED THEREBY; ESTABLISHING OTHER TERMS AND CONDITIONS OF THE ASSESSMENTS; ESTABLISHING A PUBLIC HEARING TO CONSIDER IMPOSITION OF THE PROPOSED ASSESSMENTS AND THE METHOD OF THEIR COLLECTION; DIRECTING THE PROVISION OF NOTICE IN CONNECTION THEREWITH; AND PROVIDING AN EFFECTIVE DATE. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LONGWOOD, FLORIDA, AS FOLLOWS: ARTICLE I DEFINITIONS AND CONSTRUCTION SECTION 1.01. DEFINITIONS. As used in this Resolution, the following terms shall have the following meanings, unless the context hereof otherwise requires. "Adjusted Prepayment Amount" means the amount required to prepay the Assessment for each Tax Parcel located in the Assessment Area as computed pursuant Section 3.03(B) hereof and revised annually pursuant to Section 3.04(E) hereof. "Annual Debt Service Component" means the amount computed for each Tax Parcel pursuant to Section 3.04(A) hereof. Resolution No. 19-2160 Page 1 "Assessment" means an annual special assessment imposed against real property located within the Assessment Area to fund the Project Cost of Wastewater Collection Facilities to serve the Assessment Area and related expenses, computed in the manner described in Section 3.04 hereof. "Assessment Area" means the proposed 2019 Wastewater Assessment Area described in Section 3.01 hereof. "Assessment Coordinator" means the person designated by the City Commission to be responsible for coordinating Assessments, or such person's designee. "Assessment Roll" means a non -ad valorem assessment roll relating to the Project Cost of the Wastewater Collection Facilities and related expenses. "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. "Collection Cost" means the estimated cost to be incurred by the City during any Fiscal Year in connection with the collection of Assessments. "Collection Cost Component" means the amount computed for each Tax Parcel pursuant to Section 3.04(B) hereof. Resolution No. 19-2160 Page 2 "Final Assessment Resolution" means the resolution described in Section 2.07 of the Ordinance that imposes 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. "Initial Prepayment Amount" means the amount required for each Tax Parcel as set forth in APPENDIX C attached hereto, to prepay the Assessment in full. "Institutional Property" means Tax Parcels that have a Department of Revenue Code of 70" through 79" as of the effective date of this Resolution. "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. "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. "Parcel of Record" means an unplatted parcel of record or a subdivided Platted Lot in existence on the effective date of this Resolution. "Platted Lot" means a building lot described on a map or plat recorded in the Seminole County Official Records on or prior to the effective date of this Resolution. "Project Cost" means (A) the Wastewater Development Assistance Fee (which represents the portion of the cost of constructing the Wastewater Collection Facilities for which the City now seeks reimbursement), (B) the Wastewater Capacity Charge previously Resolution No. 19-2160 Page 3 paid by the City to Seminole County, (C) the Wastewater Connection Fee, (D) in certain cases, related water development assistance fees, and (E) the cost incurred by the City to impose the Assessments. "Property Appraiser" means the Seminole County Property Appraiser. "Statutory Discount Amount" means the amount computed for each Tax Parcel pursuant to Section 3.04(C) hereof. "Tax Parcel" means a parcel of real property to which the Property Appraiser has assigned a distinct ad valorem property tax identification number. "Tax Roll" means the real property ad valorem tax assessment roll maintained by the Property Appraiser for the purpose of the levy and collection of ad valorem taxes. "Uniform Assessment Collection Act" means Sections 197.3632 and 197.3635, Florida Statutes, or any successor statutes authorizing the collection of non -ad valorem assessments on the same bill as ad valorem taxes, and any applicable regulations promulgated thereunder. "Wastewater Capacity Charge" means the wastewater treatment capacity capital charge that has been paid by the City to Seminole County for each Tax Parcel in the Assessment Area. "Wastewater Collection Facilities" means the wastewater collection facilities required for the City to provide wastewater collection service to the real property located in the Assessment Area. "Wastewater Connection Fee" means the cost related to the Wastewater Collection Facilities, incurred by the City for materials and labor to connect (A) a lateral Resolution No. 19-2160 Page 4 line to each property line, and (B) the real property owner's building to the lateral line, if applicable. "Wastewater Development Assistance Fee" means the fee established by the City in the City's Wastewater Policy Ordinance when the Wastewater Collection Facilities were constructed as the portion of the cost of constructing the wastewater collection facilities to be paid by customers of the City. "Wastewater Policy Ordinance" means Chapter 90 "Utilities" of the City's Code, as amended and supplemented from time to time. 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 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. Resolution No. 19-2160 Page 5 SECTION 1.03. GENERAL FINDINGS. It is hereby ascertained, determined and declared that: (A) Pursuant to Article VIII, Section 2(b) of the Florida Constitution, and Sections 166.021 and 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 and authorize the imposition of Assessments to fund the construction of Local Improvements to serve the real property located therein. The Wastewater Collection Facilities constitute a Local Improvement, as defined in the Ordinance. (D) Over the past few years, the City has financed and constructed the Wastewater Collection Facilities to serve real property located in the Assessment Area with the requirement of reimbursement from the real property owners. Resolution No. 19-2160 Page 6 (E) The Project Cost to be assessed against each Tax Parcel in the Assessment Area includes the Wastewater Development Assistance Fee payable by such Tax Parcel when the Wastewater Collection Facilities were constructed. (F) Upon construction of the Wastewater Collection Facilities, in some cases the City paid Wastewater Capacity Charges to Seminole County for Tax Parcels within the Assessment Area with the requirement of reimbursement from the real property owners unless such charges were otherwise waived by the City pursuant to an early payment discount program. (G) Where applicable, the Project Cost to be assessed against each Tax Parcel in the Assessment Area includes the Wastewater Capacity Charge paid by the City in respect of such Tax Parcel when the Wastewater Collection Facilities were constructed. (H) When the City began to provide wastewater service to Tax Parcels within the Assessment Area, payment of the Wastewater Connection Charge was deferred with the requirement of reimbursement from the real property owners. (I) The Project Cost to be assessed against each Tax Parcel in the Assessment Area includes the Wastewater Connection Charge, if applicable to such Tax Parcel. (J) The Project Cost to be assessed against Tax Parcels within the Assessment Area does not include interest from the date such amounts were paid or deferred by the City. Interest that may have accrued during such period will be absorbed by the City. (K) In order to reduce the fmancial impact the Assessment will have on the real property owners in the Assessment Area, the City has decided to provide a 10-year internal Resolution No. 19-2160 Page 7 loan to the real property owners for their share of the Project Cost for all parcels other than those constituting "Institutional Property." Except for Institutional Property 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. (L) Institutional Property parcels provide facilities to their owners, occupants, members and the general public that otherwise might be requested or required to be provided by the City. Accordingly, these properties serve a legitimate public purpose and provide a public benefit. In recognition of the public benefit provided, it is fair and reasonable to reduce the burden of the Assessment for these parcels by providing a longer repayment period of fifteen (15) years as well as reducing the interest rate to zero percent (0%) per year. (M) The availability and provision of wastewater service by the City provides a special benefit to Tax Parcels located within the Assessment Area. (N) 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 Wastewater Collection Facilities by fairly and reasonably allocating the Project Cost to those real properties that derive a special benefit. Resolution No. 19-2160 Page 8 ARTICLE II NOTICE AND PUBLIC HEARING SECTION 2.01. PROJECT COST AND DESCRIPTION. The Project Cost of the Wastewater Collection Facilities, approximately $26,822.00, has been funded by the City with the understanding that the City would be reimbursed for such costs from proceeds derived from the imposition of Assessments against the real property located in the Assessment Area in the manner set forth in Article III hereof. The Wastewater Collection Facilities consist of a series of wastewater line extensions constructed within the City corporate limits. SECTION 2.02. ASSESSMENT ROLL. The Assessment Coordinator is hereby directed to prepare a final estimate of the Project Cost of the Wastewater Collection Facilities and to prepare the preliminary Assessment Roll in the manner provided in the Ordinance. The estimate of Project Cost and the 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 Assessment for each Tax Parcel can be determined by use of a computer terminal available to the public. SECTION 2.03. PUBLIC HEARING. A public hearing will be conducted by the City Commission at 6:00 P.M., or as soon thereafter as the matter can be heard, on September 4, 2019, 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. Resolution No. 19-2160 Page 9 SECTION 2.04. NOTICE BY PUBLICATION. Upon completion of the materials required by Section 2.02 hereof, the Assessment Coordinator shall publish a notice of the public hearing authorized by Section 2.03 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 2.05. NOTICE BY MAIL. Upon completion of the materials required by Section 2.02 hereof, 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 2.03 hereof to each real property owner proposed to be assessed at the address indicated on the Tax Roll. Such notice shall be in substantially the form attached hereto as APPENDIX B. Resolution No. 19-2160 Page 10 ARTICLE III ASSESSMENTS SECTION 3.01. DESCRIPTION OF PROPOSED ASSESSMENT AREA. The City Commission proposes to create the 2019 Wastewater Assessment Area including those parcels described in APPENDIX C attached hereto. The Assessment Area is proposed for the purpose of improving the use and enjoyment of real property by funding the construction of Wastewater Collection Facilities. SECTION 3.02. IMPOSITION OF ASSESSMENTS. Assessments shall be imposed against real property located within the Assessment Area for a period of (A) fifteen (15) years, with respect to Institutional Property, and (B) ten (10) years, with respect to all other parcels. The first annual Assessment will be included on the ad valorem tax bill to be mailed in October or November 2019. When imposed, the Assessment for each Fiscal Year shall constitute a lien upon the Tax Parcels located in the Assessment Area, pursuant to the Ordinance. SECTION 3.03. PREPAYMENT AMOUNTS. (A) The Initial Prepayment Amount for each Tax Parcel located within the Assessment Area shall be shall be the amount set forth in APPENDIX C attached hereto. (B) Following the initial prepayment period described in Section 3.05 hereof, the Adjusted Prepayment Amount shall be set equal to the Initial Prepayment Amount for each Tax Parcel, other than those Tax Parcels as to which the Assessment has been prepaid. The Resolution No. 19-2160 Page 11 Adjusted Prepayment Amount for each Tax Parcel shall be revised annually, as provided in Section 3.04(E) hereof. SECTION 3.04. COMPUTATION OF ANNUAL ASSESSMENTS. The annual Assessment shall be computed for each Tax Parcel in the manner set forth in this Section 3.04. (A) ANNUAL DEBT SERVICE COMPONENT. The "Annual Debt Service Component" shall be calculated 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) For all Tax Parcels other than Institutional Property: (a) 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%) per year. (b) 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. (c) The Assessment Coordinator shall then determine the interest payable by multiplying (i) the annual interest rate computed in (1)(a) above, Resolution No. 19-2160 Page 12 by (ii) the Initial Prepayment Amount (or Adjusted Prepayment Amount, if applicable). (d) The Annual Debt Service Component is then calculated as the sum of the amount determined in (i)(b) and (i)(c) above. (2) For Institutional Property, the Annual Debt Service Component shall be calculated for the Tax Parcel by dividing (a) the Tax Parcel's Initial Prepayment Amount (or Adjusted Prepayment Amount, if applicable), by (b) the number of remaining years the Assessment is payable, which shall initially be for a period of fifteen (15) years. (B) COLLECTION COST COMPONENT. The "Collection Cost Component" shall be computed each Fiscal Year for each Tax Parcel by (1) dividing (a) the 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) STATUTORY DISCOUNT AMOUNT. The "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, such amount to be calculated by deducting (1) the sum of (a) the Annual Debt Service Component and (b) the Collection Cost Component, from (2) the amount computed by dividing (a) the sum of (i) the Annual Debt Service Component and (ii) Collection Cost Component, by (b) the factor of 0.96. (D) ASSESSMENT. The annual Assessment for each Tax Parcel shall be computed as the sum of (1) the Annual Debt Service Component, (2) the Collection Cost Component, and (3) the Statutory Discount Amount. Resolution No. 19-2160 Page 13 (E) REVISION OF ADJUSTED PREPAYMENT AMOUNT. Upon certification of the 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 3.04(A) above and included on the Assessment Roll for the Tax Parcel, from (2) the Adjusted Prepayment Amount utilized to compute the annual Assessment included on the Assessment Roll for such Tax Parcel. SECTION 3.05. INITIAL PREPAYMENT OPTION. 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 Assessment of the owner's option to prepay all future annual Assessments. On or prior to September 30, 2019, the owner of each Tax Parcel subject to the Assessment shall be entitled to prepay all future annual Assessments, upon payment of the Initial Prepayment Amount. The amount of all prepayments made pursuant to this Section 3.05 shall be final. SECTION 3.06. ADDITIONAL PREPAYMENT OPTION. (A) Following the date specified in the notice provided pursuant to Section 3.05 hereof, or such later date as the City Commission may allow in its sole discretion, the owner of each Tax Parcel subject to the Assessments shall be entitled to prepay all future unpaid annual Assessments upon payment of an amount equal to the sum of (1) the Adjusted Prepayment Amount for such Tax Parcel, and (2) interest on the Adjusted Prepayment Amount, from the date of the most recent ad valorem tax bill, computed at the City Resolution No. 19-2160 Page 14 Investment Rate. The amount of all prepayments made pursuant to this Section 3.06(A) shall be final. (B) During any period commencing on the date the annual 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 Assessments for the Tax Parcel by the amount of the Assessment that has been certified for collection with respect to such Tax Parcel. SECTION 3.07. MANDATORY PREPAYMENT. (A) The owner of a Tax Parcel subject to the Assessment shall immediately prepay all future unpaid annual Assessments for such Tax Parcel if (1) the Tax Parcel is to be acquired or otherwise transferred to an entity for which Assessments cannot be collected pursuant to the Uniform Assessment Collection Act (other than the City) through condemnation, negotiated sale or otherwise, (2) the Tax Parcel is subject to annexation by a governmental unit, or (3) 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 Assessment. In the case of (1) or (2) above, the owner of the Tax Parcel prior to condemnation, sale or other transfer must notify the City at least 30 days prior to the proposed acquisition or transfer date in order to allow the City sufficient time to determine the final amount due. 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 or transfer date. Resolution No. 19-2160 Page 15 (B) The amount required to prepay the future unpaid annual Assessments will be equal to the Adjusted Prepayment Amount for such Tax Parcel. The amount of all prepayments made pursuant to this Section 3.07 shall be final. (C) During any period commencing on the date the annual 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 Assessments for the Tax Parcel by the amount of the Assessment that has been certified for collection with respect to such Tax Parcel. SECTION 3.08. REALLOCATION UPON FUTURE SUBDIVISION. (A) Upon subdivision of any Tax Parcel located within the Assessment Area that is subject to the 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; Resolution No. 19-2160 Page 16 (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 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; and Resolution No. 19-2160 Page 17 (6) the real property owner shall pay an assessment reallocation fee to the City for each individual parcel resulting from the subdivision, in an amount to be established by resolution of the City Commission. (C) If the owner of any Tax Parcel subject to the 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 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, taking into consideration the opportunity for reallocation available to the owner and the requirement to provide adequate security for the Obligations. (D) Notwithstanding the foregoing, if a Tax Parcel includes more than one Platted Lot and no Parcels of Record, the Assessment imposed against such Tax Parcel may be reallocated among the Platted Lots upon (1) application of the owner, and (2) Resolution No. 19-2160 Page 18 assignment of a distinct ad valorem property tax identification number to each Platted Lot or any combination of Platted Lots by the Property Appraiser. Resolution No. 19-2160 Page 19 ARTICLE IV GENERAL PROVISIONS SECTION 4.01. METHOD OF COLLECTION. The Assessments shall be collected pursuant to the Uniform Assessment Collection Act. SECTION 4.02. SEVERABILITY. If any clause, section or provision of this Resolution shall be declared unconstitutional or invalid for any reason or cause, the remaining portion of said Resolution shall be in full force and effect and be valid as if such invalid portion thereof had not been incorporated herein. SECTION 4.03. CONFLICTS. All resolutions or parts thereof in conflict herewith are hereby repealed to the extent of such conflict. [Remainder of page intentionally left blank] Resolution No. 19-2160 Page 20 SECTION 4.04. EFFECTIVE DATE. This Resolution shall take effect immediately upon its adoption. DULY ADOPTED this 19th day of August, 2019. ATTEST: Michelle L ngo, City Clerk APPROVED AS TO FORM AND LEGALITY FOR THE USE AND RELIANCE OF THE CITY OF LONGWOOD, FLORIDA ONLY: Daniel La&l ttorney CITY OF LONGWOOD, FLORIDA i Matt Morgan, May Resolution No. 19-2160 Page 21 APPENDIX A FORM OF NOTICE TO BE PUBLISHED To Be Published on or before August 15, 2019 [INSERT SMALL MAP OF ASSESSMENT AREA] NOTICE OF HEARING TO IMPOSE AND PROVIDE FOR COLLECTION OF SPECIAL ASSESSMENTS IN THE 2019 WASTEWATER 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 2019 Wastewater Assessment Area, as shown above, and imposition of special assessments to reimburse the City for costs related to the construction of wastewater collection facilities, connection thereto and related wastewater capacity charges. The hearing will be held at 6:00 P.M., or as soon thereafter as the matter can be heard, on September 4, 2019, at City Hall, 175 West Warren Avenue, Longwood, Florida, for the purpose of receiving public comment on the proposed 2019 Wastewater Assessment Area and assessments. All affected real property owners have a right to appear at the hearing and to file written objections with the City Clerk any time 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 upon the City's rates, fees and costs when the wastewater collection facilities were constructed as the portion of the cost of constructing the wastewater collection facilities to be paid by customers of the City. 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 19, 2019. 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, as authorized by Section 197.3632, Florida Statutes. 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. The City Commission intends to collect the assessments in fifteen (15) annual installments for institutional property, and ten (10) installments for all other real property, in each case the A-1 first of which will be included on the ad valorem tax bill to be mailed in October or November 2019. If you have any questions, please contact the City's Assessment Coordinator at 407/260-3475. CITY OF LONGWOOD, FLORIDA A-2 APPENDIX B FORM OF NOTICE TO BE MAILED CITY OF LONGWOOD 175 West Warren Avenue Longwood, Florida 32750 407/260-3440 August _, 2019 [Property Owner Name] [Street Address] [City, State and zip] Re: Parcel Number [Insert Number] 2019 WASTEWATER ASSESSMENT AREA Dear Property Owner: As you previously agreed in the Certificate of Acknowledgment attached, the City of Longwood is considering creation of the 2019 Wastewater Assessment Area to impose special assessments to reimburse the City for costs related to the construction of wastewater collection facilities, connection thereto and financing of related wastewater capacity charges. The assessment for each parcel of real property will be based upon the City's rates, fees and costs when the wastewater collection facilities were constructed as the portion of the cost of constructing the wastewater collection facilities to be paid by customers of the City. 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 19, 2019. Copies of the Initial Assessment Resolution and the preliminary Assessment Roll are available for inspection at City Hall, located at 175 West Warren Avenue, Longwood, Florida. Information regarding the assessment for your specific real property is attached to this letter. The City intends to internally finance this and other assessment projects. This will permit the cost attributable to your real property to be amortized over a period of ten [fifteen] (10[15]) years. Please do not send payment now. If the assessments are imposed, you will receive a separate notice of the date and place for payment. In order to reduce the financial impact the assessment will have on [institutional property, the City will not charge interest on the amount outstanding] the real property owners in the 2019 Wastewater Assessment Area, the City has decided to charge interest, compounded annually at the lesser of the (1) the City's average investment rate for the previous 12 months, or (2) 8% per annum. The annual assessment will include your share of the principal, interest, 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 $ in assessments in total in the assessment area, inclusive of all administrative and statutory discounts, over ten (10) years, the first of which will be included on the ad valorem tax bill to be mailed in November 2019. Failure to pay your assessments will cause a tax certificate to be issued against the property which may result in a loss of title. The City Commission will hold a public hearing at 6:00 P.M., or as soon thereafter as the matter can be heard, on September 4, 2019, at City Hall located at 175 West Warren Avenue, Longwood, Florida, for the purpose of receiving comments on the proposed 2019 Wastewater Assessment Area and the assessments, 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 any time 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 [UN * * * * * SEND NO MONEY NOW. THIS IS NOT AN INVOICE * * * * * 2019 WASTEWATER ASSESSMENT AREA [Property Owner Name] Parcel Number [Insert Number] Initial Prepayment amount: (if payment made prior to September 30, 2019)* [Insert Amount] Number of annual payments: Maximum annual payment": : 10[15] [Insert Amount] * After September 30, 2019, interest will be charged on the outstanding balance at the lesser of the City's average investment rate, or 8% per annum. * * This represents interest calculated at the maximum rate of 8% per annum. The actual interest rate charged will be the lesser of this rate or the City's average investment rate. * * * * * SEND NO MONEY NOW. THIS IS NOT AN INVOICE * * * * * HON APPENDIX C DESCRIPTION OF PARCELS IN THE 2019 WASTEWATER ASSESSMENT AREA AND APPLICABLE INITIAL PREPAYMENT AMOUNTS PARCELS AND INITIAL PREPAYMENT AMOUNTS Parcel No. Total 32-20-30-300-013B-0000 $ 4,030.00 30-20-30-504-0000-0010 1,761.00 33-20-30-511-0000-0160 3,030.00 01-21-29-504-0000-0020 2,229.00 32-20-30-512-ON00-0160 5,951.00 05-21-30-503-01 OD-0000 5,791.00 32-20-30-512-OP00-0080 4,030.00 $26,822.00 C-1