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Resolution Increasing Annual Non-Ad Valorem Collection Assessment Rate for Southwest Hernando County Solid Waste Collection Municipal Service Benefit Unit
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BRIEF OVERVIEW
The Solid Waste Collection Assessment for the Southwest Hernando County Solid Waste Collection Municipal Benefit Unit (MSBU) became effective January 1, 2019. This assessment covers the cost of curbside collection of garbage, yard trash and recycling services for properties in the universal area of Spring Hill. The assessment is paid by every single-family and multi-family (2 to 4 units) residential units within the universal area which comprises the MSBU.
Republic Services is the current franchise contractor providing these collection services. In accordance with the Franchise Agreement (as amended), Republic Services may request an annual increase based upon changes in the Water Sewer Trash Index (WSTI) and the Oil Price Information Service (OPIS). Republic Services is requesting a two-tenths of a percent (.02%) rate increase of $0.36 per year for each unit. The current assessment is $194.52, and this would increase it to $194.88.
Pursuant to the Franchise Agreement, the annual increase for Republic Services cannot exceed 5% during the remaining term of the contract. According to the notices mailed to property owners and advertised in the newspaper, the maximum annual amount for future years that may be charged under this agreement would be $214.00.
The assessment for each parcel of property will be based upon each parcel’s classification and the total number of assessment residential units attributed to that parcel. The following tables reflect the proposed solid waste collection assessment schedules for the MSBU.
FINANCIAL IMPACT
Approve the recommended solid waste collection assessment for the Southwest Hernando County Solid Waste Collection MSBU for calendar year 2024 to $194.88 for 43,463 single-family and multi-family residential units. The total estimated amount to be collected is $8,046,565.97 at 95% collection rate.
LEGAL NOTE
The Board has legal authority to set Solid Waste Collection Assessment rates pursuant to Sections 125.01 and 197.3632, Florida Statutes.
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RECOMMENDATION
It is recommended the Board conduct a public hearing, adopt and authorize the Chairman’s signature on the attached resolution increasing the Annual Non-Ad Valorem Collection Assessment rate for the Southwest Hernando County Solid Waste Collection MSBU from $194.52 to $194.88 for single-family and multi-family residential units for calendar year 2024.