Title
FY07/08 Capital Improvement Plan Update (B)
This item relates to the follow-up information requested by the City Commission during the April 18, 2006 Capital Improvement Plan meeting.
Explanation
During the April 18, 2006 meeting on the FY07/08 Capital Improvement Plan, the City Commission directed staff to bring information back to the Commission on the following topics:
-Background information on fire assessment fees and the processes
associated with the implementation of such a fee
-Management's recommendation on which Priority 1 unfunded capital requests
would be funded through incremental ad valorem revenue generated by a
one-eighth, one- fourth, and one-half mill increase, both on a pay-as-you-go
basis as well as if such incremental revenue was used to support a bond
issue, and
-Information on whether any Florida municipalities who own their own utility
impose electric franchise fees.
Fiscal Note
The recommended Capital Improvement Plan would fund $6.5 million in capital projects funded through an increase in ad valorem revenues.
Recommendation
The City Commission: 1) hear a presentation from Government Services Group on fire assessment fees; 2) approve the City Manager's Capital Improvement Plan for FY2007-2011; and, 3) receive information on the imposition of electric franchise fees by municipalities which own their electric utility.