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Resolution to Adopt Special Assessment Rate for Rainbow Woods Traffic Calming Municipal Service Benefit Unit
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BRIEF OVERVIEW
Pursuant to Florida Statutes, Sections 125.01 and 197.3632, an application was received from the Rainbow Woods Homeowners Association requesting the creation of a Municipal Service Benefit Unit (MSBU) to provide traffic calming measures along Augustine Road and levying an assessment to benefiting property owners. The Board adopted Ordinance 2025-10 on August 26, 2025, creating the Rainbow Woods Traffic Calming MSBU.
Final construction of the speed tables was completed in January 2026 in the amount of $30,000.00. It was inspected on January 7, 2026, and was found in compliance with the design. Property owners are also responsible for the engineering design, permitting and inspection costs of $3,000.00 (which is capped at 10% of construction costs), as well as administrative overhead of $8,600.00. The assessment methodology is based on an equal per lot assessment. The boundaries consist of one hundred and sixty-eight (168) assessable units.
Based on the property owners' cost, the total up-front budget is $41,600.00, creating a one-time assessment of $236.00 per unit if paid (or post-marked) by June 11, 2026. Assessments not received by the deadline will automatically be placed on the annual tax roll for collection creating an annualized budget of $21,840.00 per year for two (2) years and a per unit assessment of $130.00 per unit.
STRATEGIC PLAN INITIATIVES
Strategic Theme: D - Quality of Life
GOAL D.1 Well-maintained existing community assets
OBJECTIVE D.1.1 Pursue diverse funding opportunities to support the maintenance and improvement of community assets (parks and roadway maintenance), with a goal of identifying and applying for key sources.
FINANCIAL IMPACT
The County intends to reimburse itself for the expenditure of such revenues from the MSBU funded by a non-ad valorem assessment on benefiting property...
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