PASCO COUNTY, FLORIDA

INTEROFFICE MEMORANDUM

TO: Honorable Chairman and DATE: 8/22/2002 FILE: CAO 02-2515

Members of the Board of

County Commissioners

THRU: Robert D. Sumner SUBJECT: Adoption of Ordinance Establishing

County Attorney the Meadow Pointe IV Community

Development District

Public Hearing Date: 9/4/02,

9:30 a.m., NPR

FROM: W. Elizabeth Blair REFERENCES: Introduction; 8/6/02,

Assistant County Attorney 9:30 a.m., NPR

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

DESCRIPTION AND CONDITIONS:

Community Development Districts (CDD) are independent special districts authorized pursuant to Chapter 190, Florida Statutes, as a mechanism to manage and finance basic community development services. CDDs under 1000 acres in size are created by counties through ordinances which provide for general and special powers for public improvements and community facilities. Additional special powers may be conferred to an established CDD board for parks, recreation, fire prevention, schools, security, mosquito control, and waste collection and disposal. CDDs once established are public agencies, and therefore, are subject to financial disclosure, accountability, ethical and the sunshine law requirements which apply to governmental entities.

CDDs are authorized by Chapter 190 to issue bond anticipation notes, bonds, and levy and assess ad valorem taxes. The future residents and/or owners of land within the CDD then make the payments with revenue gained by the levy of special assessments and ad valorem taxes (CDDs are held to a three mill cap) to retire the bonds and to pay the operating expenses of the CDD. A disclosure statement must be furnished to all buyers, and contracts for the sale of property within the CDD must contain information about the CDD.

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 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 CDD is currently several parcels of unimproved real property containing approximately 771.176 acres. The landowners, Wesley Chapel Lakes, LTD., and Pasco Heights Development Corporation, Inc., have given written consent to establish the CDD

Today is the public hearing on the petition to establish the Meadow Pointe IV CDD. Prior to adopting an ordinance granting a petition for the establishment of a CDD, the Board of County Commissioners shall consider the record of the public hearing and the following factors in making its determination to grant or deny a petition:

1. whether all statements contained within the petition have been found to be true and correct; and

2. whether the establishment of the CDD is inconsistent with any applicable element or portion of the state comprehensive plan or of the adopted Pasco County Comprehensive Plan; and

3. whether the area of land within the proposed CDD is of sufficient size, is sufficiently compact, and is sufficiently contiguous to be developable as one functional interrelated community; and

4. whether the CDD is the best alternative available for delivering community development services and facilities to the area that will be served by the CDD; and

5. whether the community development services and facilities of the CDD will be incompatible with the capacity and uses of existing local and regional community development services and facilities; and

6. whether the area that will be served by the CDD is amenable to separate special district government.

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.