22-1611 Five Year Capital Improvement Program RESOLUTION NO. 22-1611
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LONGWOOD,FLORIDA,
ADOPTING A FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM FOR THE FISCAL
YEARS 2023,2024, 2025, 2026,AND 2027 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 2022, 2023, 2024, 2025, 2026, and 2027; and
WHEREAS,a general summary of the Five-Year Capital Improvement Program has been published
in the Sanford Herald on September 9, 2022, 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 2023, 2024, 2025, 2026,
and 2027 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 19th DAY OF SEPTEMBER, 2022.
CITYO-Ape A ,; I 'D, F I •IDA
/1/11a04 ./
MATT MORGAN, YOR
A E :
LL L , MMC, FCRM, CITY CLERK
Approve form and legality for the use and reliance of the City of Longwood, Florida, only.
DAN W. LAN , CI A RNEY
Resolution No.22-1611
Page 1
Resolution 22-1611- Exhibit A
CITY OF LONGWOOD
CAPITAL IMPROVEMENT PROGRAM
FISCAL YEARS 2023-2027
RNANCING METHOD FY 2022/23 FY 2023/24 FY 2024/25 FY 2025/26 FY 2026/27 TOTAL
PUBLIC FACILITIES IMPROVEMENT FUND ONE CENT SALES TAX, $ 1,000,000 $ 1,985.00e $ 825,000 $ 2,025.000 $ 1,575,000 $ 7,410,000
LOCAL OPTION GAS
TAXES AND PAVING
ASSESSMENTS
CAPITAL PROJECTS FUND LOAN PROCEEDS,
GRANTS 8,391,153 3,888,775 1,646,916 890.249 686,503 $ 15,503,596
STORMWATER CAPITAL IMPROVEMENT STORMWATER FEES 315,000 615,000 555,000 450,000 100,000 $ 2,035,000
PUBLIC UTILITIES FUND/WATER&WASTEWATER FUND REVENUES, 9,228,000 6,742,000 17,150,000 7,215,000 3,916,000 $ 44,251,000
GRANTS
TOTAL CAPITAL IMPROVEMENT PROGRAM $ 18,934,153 $ 13,230,775 $ 20,176,916 $ 10,580,249 $ 6,277,503 $ 69,199,596