PLACEMENT: Public Hearings
TITLE:
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PUBLIC HEARING AND FINAL ASSESSMENT RESOLUTION FOR THE S.W. HONEY TERRACE MUNICIPAL SERVICE BENEFIT
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EXECUTIVE SUMMARY:
executive summary
The Board of County Commissioners is requested to hold a public hearing and adopt the Final Assessment Resolution for the S.W. Honey Terrace Municipal Service Benefit Unit to allow a road paving project and to certify the special assessment roll to the Tax Collector.
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DEPARTMENT: Public Works
PREPARED BY: Name: George Dzama, P.E.
Title: Capital Projects Manager
REQUESTED BY: S.W. Honey Terrace Property Owners
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
The Public Works Department is in receipt of a majority ballot vote from the property owners adjacent to S.W. Honey Terrace in favor of the proposed project for Martin County (County) to pave the S.W. Honey Terrace from S.W. Citrus Boulevard (CR 76A) to S.W. Leighton Farm Avenue. S.W. Honey Terrace is an open public dirt road that is located in Palm City Farms and maintained by the County. There are 31 properties in the proposed project area.
The affected property owners in the project area were sent ballots indicating that the estimated cost of the project would be between $9,326.85 and $11,642.70 per property. The final tally of all the ballots received to date as verified by the Martin County Supervisor of Elections Office indicate 17 properties FOR the project, 6 AGAINST and 8 that did not vote.
On July 10, 2018, the Board of County Commissioners (Board) adopted the Initial Assessment Resolution #18-7.3 for the S.W. Honey Terrace Municipal Service Benefit Unit.
Based on the final design and assuming a County contribution is made, the initial prepayment amount is $9,326.85 per parcel unit (single family dwelling unit equivalent) which is below the estimated range as outlined in the ballots mentioned above. Amortizing the project over a 10 year period at an interest rate of 4.25%, wi...
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