Item Coversheet

5919 MAIN STREET .  NEW PORT RICHEY, FL 34652 . 727.853.1016


TO:City of New Port Richey City Council
FROM:Crystal S. Feast, Finance Director
DATE:5/16/2017
RE:Stormwater & Street Lighting Assessments Rate Studies - Page 2

SUMMARY:

The City Council adopted ordinances establishing a Stormwater Utility Assessment and Street Lighting Assessment in September 2001 and 2003, respectively.  The City has found that the use of a non-ad valorem assessment is the most equitable method of providing the necessary funding for providing street lighting services within the City and improvements and extensions of the City’s stormwater utility system.

 

The rate studies used to support the current assessment rates for the Stormwater Utility Assessment and Street Lighting Assessment were performed in May 2012 by Government Service Group.  Those rate studies covered a 5-year period ending FY2017.  City staff has engaged Ayres Associates to perform updated rate studies to ensure that the current assessment rate is appropriate for continued support of the City’s stormwater management program and street lighting program.   

 

Ayres Associates will conduct a presentation on the results of these rate studies.




REQUESTED ACTION:
The City Council is asked to review the drafts of the rate studies for the Stormwater Utility and Street Lighting Assessments and provide feedback as to the results of the studies and any desired changes.  A final draft of the rate studies will be presented at a future City Council meeting for approval and adoption. 
ATTACHMENTS:
DescriptionType
Stormwater Utility Assessment Rate StudyExhibit
Street Lighting Assessment Rate StudyExhibit