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NOTICE OF PUBLIC HEARING TO CONSIDER IMPOSITION OF SPECIAL ASSESSMENTS PURSUANT TO SECTION 170.07, FLORIDA STATUTES, BY THE EPPERSON NORTH COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF PUBLIC HEARING TO CONSIDER ADOPTION OF ASSESSMENT ROLL PURSUANT TO SECTION 197.3632(4)(b),
FLORIDA STATUTES, BY THE EPPERSON NORTH COMMUNITY DEVELOPMENT DISTRICT
NOTICE OF REGULAR MEETING OF THE EPPERSON NORTH COMMUNITY DEVELOPMENT DISTRICT
The Board of Supervisors (“Board”) for the Epperson North Community Development District (“District”) will hold public hearings and a regular meeting at 9:00 a.m. on October 2, 2018, at the Residence Inn, 2101 Northpointe Parkway, Lutz, Florida.
The purpose of this public hearing will be to consider the adoption of an assessment roll, to secure proposed Capital Improvement Revenue Bonds on benefited lands within the District, and to provide for the levy, collection and enforcement of the special assessments. At this hearing, the Board will hear testimony from any interested property owners as to the propriety and advisability of the proposed bonds on certain benefitting lands within the District, more fully described in the Master Special Assessment Methodology Report dated August 23, 2018. The proposed bonds will fund a portion of the improvements described in the Report of the District Engineer dated July 26, 2018. The Board will hear information relative to the imposition of special assessments on benefiting lands and will sit as an equalizing Board to consider comments on these assessments. The public hearing is being conducted pursuant to Chapters 170, 190 and 197, Florida Statutes.
The annual principal assessment levied against each parcel will be based on repayment over thirty (30) years of the total debt allocated to each parcel. The District expects to collect sufficient revenues to retire no more than $111,015,000 principal plus interest in debt to be assessed by the District, exclusive of fees and costs of collection or enforcement, discounts for early payment and interest. The proposed schedule of assessments is as follows:
Preliminary Assessment Allocation
Lot Size Lots ERU Total ERU % ERU Par Amt. Par/Lot MADS MADS/Lot
Category
40' 455 0.80 364.00 21.3% $23,639,558 $51,955 $1,953,054 $4,292
50' 939 1.00 939.00 54.9% $60,982,266 $64,944 $5,038,235 $5,366
60' 162 1.20 194.40 11.4% $12,625,082 $77,933 $1,043,060 $6,439
70' 64 1.40 89.60 5.2% $5,818,968 $90,921 $480,752 $7,512
75' 68 1.50 102.00 6.0% $6,624,272 $97,416 $547,284 $8,048
85' 12 1.70 20.40 1.2% $1,324,854 $110,405 $109,457 $9,121
Total 1700 1709.40 100.0% $111,015,000 $9,171,842
Preliminary Assessment Roll
Property Total Units ERU Total Acreage (Ac) Par Amt. Par / Ac MADS MADS / Ac
All 1,700 1709.40 1052.151 $111,015,000 $105,512 $9,171,842 $8,717
Phases
The special assessments for all land within the District will be collected by the Pasco County Tax Collector. Alternatively, the District may elect to directly collect the assessments in accordance with Chapter 190, Florida Statutes.
Failure to pay the assessments will cause a tax certificate to be issued against the property and/or subject the property to foreclosure, either of which may result in a loss of title. All affected property owners have the right to appear at the public hearings and the right to file written objections with the District within twenty (20) days of publication of this notice.
At the conclusion of the public hearings, the Board will hold a regular public meeting to consider matters related to the construction of improvements; to consider matters related to a bond issue and special assessments to finance improvements; to consider the services and facilities to be provided by the District and the financing plan for same; and to consider any other business that may lawfully be considered by the District.
The Board meeting and public hearings are open to the public and will be conducted in accordance with the provisions of Florida Law for community development districts. The Board meeting and/or the public hearings may be continued in progress to a date and time certain announced at the meeting and/or hearings.
If anyone chooses to appeal any decision made by the Board with respect to any matter considered at the meeting or public hearings, such person will need a record of the proceedings and should accordingly ensure that a verbatim record of the proceedings is made, which includes the testimony and evidence upon which such appeal is to be based.
Pursuant to the Americans with Disabilities Act, any person requiring special accommodations at the meeting or hearings because of a disability or physical impairment should contact the District Office at (813) 374-9104 at least two (2) calendar days prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 711 for aid in contacting the District office.
Lore Yeira, District Manager
RESOLUTION NO. 2018-29
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE EPPERSON NORTH COMMUNITY DEVELOPMENT DISTRICT DECLARING SPECIAL ASSESSMENTS; INDICATING THE LOCATION, NATURE AND ESTIMATED COST OF THE IMPROVEMENTS WHICH COST IS TO BE DEFRAYED IN WHOLE OR IN PART BY THE SPECIAL ASSESSMENTS; PROVIDING THE PORTION OF THE ESTIMATED COST OF THE IMPROVEMENTS TO BE DEFRAYED IN WHOLE OR IN PART BY THE SPECIAL ASSESSMENTS; PROVIDING THE MANNER IN WHICH SUCH SPECIAL ASSESSMENTS SHALL BE MADE; PROVIDING WHEN SUCH SPECIAL ASSESSMENTS SHALL BE MADE; DESIGNATING LANDS UPON WHICH THE SPECIAL ASSESSMENTS SHALL BE LEVIED; PROVIDING FOR AN ASSESSMENT PLAT; AUTHORIZING THE PREPARATION OF A PRELIMINARY ASSESSMENT ROLL; PROVIDING FOR AND SETTING THE TIME AND PLACE FOR A PUBLIC HEARING TO CONSIDER THE ADVISABILITY AND PROPRIETY OF SAID ASSESSMENTS AND THE RELATED IMPROVEMENTS; PROVIDING FOR NOTICE OF SAID PUBLIC HEARING; PROVIDING FOR PUBLICATION OF THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Board of Supervisors (the “Board”) of the Epperson North Community Development District (the “District”) has determined to construct and/or acquire certain public improvements (the “Project”) set forth in the plans and specifications as described in the Report of the District Engineer dated July 26, 2018, which is available for review at the offices of DPFG Management & Consulting, LLC located at 15310 Amberly Drive, Suite 175, Tampa, Florida, 33647; and
WHEREAS, the Board finds that it is in the best interest of the District to pay the cost of the Project by imposing, levying, and collecting special assessments pursuant to Chapters 170 and 190, Florida Statutes (the “Assessments”); and
WHEREAS, the District is empowered by Chapter 190, Uniform Community Development Act, and Chapter 170, Supplemental Alternative Method of Making Local and Municipal Improvements, of Florida Statutes, to finance, fund, plan, establish, acquire, construct or reconstruct, enlarge or extend, equip, operate, and maintain the Project and to impose, levy, and collect the Assessments; and
WHEREAS, the District hereby determines that benefits will accrue to the property improved, the amount of those benefits, and that the Assessments will be made in proportion to the benefits received as set forth in the District's Master Special Assessment Methodology Report dated August 23, 2018 (the “Assessment Report”) incorporated by reference as part of this Resolution and on file in the offices of DPFG Management & Consulting, LLC, 15310 Amberly Drive, Suite 175, Tampa, Florida, 33647; and
WHEREAS, the District hereby determines that the Assessments to be levied will not exceed the benefits to the property improved.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE EPPERSON NORTH COMMUNITY DEVELOPMENT DISTRICT THAT:
1. The foregoing recitals are hereby incorporated as the findings of fact of the Board.
2. Assessments shall be levied to defray a portion of the cost of the Project.
3. The nature of the Project generally consists of master improvements consisting of roads, water management and control, water supply, sewer and wastewater management, stormwater management, parks and recreation amenities, landscaping, hardscaping and irrigation, all as described more particularly in the plans and specifications on file in the offices of DPFG Management & Consulting, LLC, located at 15310 Amberly Drive, Suite 175, Tampa, Florida, 33647; which are by specific reference incorporated herein and made part hereof.
4. The general locations of the Project are as shown on the plans and specifications referred to above.
5. The estimated cost of the Project is approximately $74,473,020 (hereinafter referred to as the “Estimated Cost”).
6. The Assessments will defray approximately $111,015,000 of the expenses, which includes a portion of the Project, plus financing related costs, capitalized interest, a debt service reserve and contingency, all which shall be financed by the District's proposed bonds, in one or more series.
7. The manner in which the Assessments shall be made is based upon an allocation of the benefits among the parcels or real property benefited by the Project as set forth in the Assessment Report. As provided in further detail in the Assessment Report, the Assessments will be levied initially on a per acre basis since the Project increases the value of all the lands within the District. On and after the date benefited lands within the District are specifically platted, the Assessments as to platted lots will be levied in accordance with the Assessment Report, that is, on a combination of a front foot basis and a per unit basis. Until such time that all benefited lands within the District are specifically platted, the manner by which the Assessments will be imposed on unplatted lands shall be on a per acre basis in accordance with the Assessment Report.
8. In the event the actual cost of the Project exceeds the Estimated Cost, such excess shall also be paid by the District from its general revenues if available or additional assessments or contributions from other entities.
9. The Assessments shall be levied in accordance with the Assessment Report referenced above on all lots and lands, within the District, which are adjoining and contiguous or bounding and abutting upon the Project or specially benefited thereby and further designated by the assessment plat hereinafter provided for.
10. There is on file in the offices of DPFG Management & Consulting, LLC, 15310 Amberly Drive, Suite 175, Tampa, Florida, 33647; an assessment plat showing the area to be assessed, with the plans and specifications describing the Project and the Estimated Cost, all of which shall be open to inspection by the public.
11. The Chairman of the Board has caused the District Manager to prepare a preliminary assessment roll, a copy of which is attached in the Assessment Report, which shows the lots and lands assessed, the amount of benefit to and the assessment against each lot or parcel of land and the number of annual installments into which the assessment is divided. The preliminary assessment roll is part of the Assessment Report which is on file at the District Manager's office.
12. In accordance with the Assessment Report and commencing with the year in which the District is obligated to make payment of a portion of the Estimated Cost of the Project acquired by the District, the Assessments shall be paid in not more than thirty annual installments payable at the same time and in the same manner as are ad-valorem taxes and as prescribed by Chapter 197, Florida Statutes; provided, however, that in the event the non ad valorem assessment method of collecting the Assessments is not available to the District in any year, or the District determines not to utilize the provision of Chapter 197, F.S. the Assessments may be collected as is otherwise permitted by law.
13. Pursuant to Section 170.07, Florida Statutes, a public hearing is required to permit interested persons to be heard as to the advisability and propriety of constructing the Project, as to the cost thereof, as to the manner of payment thereof, and as to the amount thereof to be assessed against each property so specially benefitted by the Project. In accordance therewith a public hearing shall be held on a public hearing shall be held on October 2, 2018, at 9:00 a.m., at Residence Inn, 2101 Northpointe Parkway, Lutz, Florida. The Secretary is hereby directed to give notice of this public hearing in accordance with the requirements of Section 170.07, Florida Statutes.
14. Pursuant to Section 170.05, Florida Statutes, the District Manager is hereby directed to cause this resolution to be published twice in a newspaper of general circulation within Pasco County, Florida.
PASSED AND ADOPTED this 23rd day of August 2018.
ATTEST: EPPERSON NORTH COMMUNITY DEVELOPMENT DISTRICT
Secretary/ Assistant Secretary Chair/ Vice Chair
Lore Yeira Michael Lawson
September 7, 14, 2018 18-01739P