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Discussion Regarding Proposed Rainbow Woods Traffic Calming Municipal Service Benefit Unit Boundary
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BRIEF OVERVIEW
Traffic Engineering received a request from the Rainbow Woods Homeowner’s Association to create a Municipal Service Benefit Unit (MSBU) to provide traffic calming measures on Augustine Road. To address concerns regarding traffic volume, speed, and safety issues on Augustine Road, staff has recommended the implementation of traffic calming measures which include three speed tables and the associated signage and pavement marking improvements.
Attached for the Board’s review and approval are the proposed project boundary limits for the Rainbow Woods Traffic Calming MSBU, indicating the properties that will benefit from the traffic calming measures as determined by the County Engineer.
The benefitting property owners would be responsible for one hundred percent (100%) of the costs for the installation of the devices via the MSBU assessments. The recommended methodology for assessing the benefitting properties is an equal per platted lot assessment. There are 69 benefitting lots within the proposed project limits. Staff has determined that the cost of the improvements would be approximately $37,690.00, creating an estimated one-time assessment of $547.00 per unit.
FINANCIAL IMPACT
No impact currently. Should the Board approve to move forward with MSBU process, the County intends to use legally available Constitutional Gas Tax Fund revenue to finance the project costs on an interim basis. The County will be reimbursed through a non-ad valorem assessment levied upon the benefitting property owners’ tax bill. Funding will be appropriated at the time of MSBU ordinance adoption.
LEGAL NOTE
The Board has the authority to act on this matter pursuant to Sections 125.01 and 197.3632, Florida Statutes.
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RECOMMENDATION
It is recommended the Board determine the boundaries for the proposed Rainbow Woods Traffic Calming MSBU so vote cards can be distributed to affected property owners.