PASCO COUNTY, FLORIDA

INTEROFFICE MEMORANDUM

 

                                                                                                                                                                       

 

TO:        Honorable Chairman and                               DATE:    8/8/02                FILE:   GM02-1226

Members of the Board of

County Commissioners

 

 

THRU:    Bipin Parikh, P.E.                                           SUBJECT:  Adoption of Ordinance Establishing

Assistant County Administrator                                         the Meadow Pointe IV Community

(Development Services)                                                    Development District

                                                                                      Public Hearing Date:  8/20/02,    
                                                                                                    9:30 a.m., DC

 

FROM:   Samuel P. Steffey II                                        REFERENCES:    Chapter 190, Florida Statutes;

Growth Management Administrator                                             Comm. Dist. 2

                                                                                                Planning Dist. 5

 

                                                                                                                                                                       

 

 

It is recommended that the data herein presented be given formal consideration by the Board of County Commissioners.

 

DESCRIPTION AND CONDITIONS:

 

The Community Development District (CDD) is a form of special taxing district authorized by Chapter 190, Florida Statutes.  The district is formed by the landowner(s) as a means for financing infrastructure for large-scale developments through the sale of tax-exempt bonds.  The future residents and/or owners of land then make the payments with revenue gained by the levy of special assessments and ad valorem taxes (districts are held to a three mill cap) to retire the bonds and to pay the operating expenses of the district.  A disclosure statement must be furnished to all buyers, and contracts for the sale of property within the district must contain information about the district.  CDD does not function as a homeowners' association.

 

On May 30, 2002, representatives for Meadow Pointe General Partnership submitted a petition to the Growth Management Department to establish the Meadow Pointe IV CDD pursuant to the Uniform CDD Act of 1980, Florida Statutes, Chapter 190.  Meadow Pointe IV is located in Southeast Pasco County, approximately three miles east of the intersection of County Line Road and C.R. 581.  The land area to be served by the district is a parcel of unimproved real property containing approximately 771.176 acres.  The landowner, Meadow Pointe General Partnership, has given written consent to establish CDD.  The proposed district is designed as a master planned, unit development.

 

CDD is an independent unit of special purpose, local government authorized by Chapter 190, Florida Statutes, to plan, finance, construct, operate, and maintain communitywide infrastructure in large planned community developments.  CDD plans to provide the following facilities and services:  1) roads and street lighting; 2) water, wastewater, and reclaimed water; 3) surface water management; 4) landscaping and security; and 5) recreational facilities.  The district will impose special assessments on properties within its boundaries to finance the infrastructure and the district funds and to defray the costs of operating and maintaining the infrastructure and associated facilities.

 

The Board has established ten CDDs to date:

 

 

Meadow Pointe CDD

 

Meadow Pointe II CDD

 

Northwood CDD

 

Lake Bernadette CDD

 

Heritage Pines CDD

 

Heritage Springs CDD

 

Longleaf CDD

 

Lexington Oaks CDD

 

Oakstead CDD

 

MeadowWoods CDD

 

 

 

 

 

ALTERNATIVES AND ANALYSIS:

 

1.                     Adopt the ordinance establishing the Meadow Pointe IV CDD.

 

2.                    Adopt modifications to the ordinance establishing the Meadow Pointe IV CDD.

 

3.                    Deny the petition establishing the Meadow Pointe IV CDD.

 

4.                   Direct staff as to another course of action.

 

RECOMMENDATION AND FUNDING:

 

The Growth Management staff recommends that the Board approve Alternative No. 1, authorize the Chairman to execute all five originals of the ordinance, and direct Secretarial Services to distribute the originals as follows:  one original to be retained by Secretarial Services and four originals to be returned to the Growth Management Administrator for distribution to the appropriate parties.  In addition, direct Secretarial Services to file a certified copy of the ordinance with the Florida Department of State within ten days after the enactment and to distribute a copy of the official acknowledgment from the Florida Department of State to the Growth Management Department.

 

Funding is not required for this action.

 

ATTACHMENTS:

 

1.                     Ordinance/Legal Description (Five Originals)

2.                    Location Map (One Photocopy)

 

 

SPS/KHT/gm/meadpt22/33d

 

 

APPROVED AGENDA ITEM FOR

 

DATE                                              

 

BY