07/18/2007 (2) - Laserfiche WebLink

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ENVIRONMENTALLY SENSITIVE LAND ACQUISITION BOND Administrator Baird announced that the total budget is $2,417,206.00, $6,000.00 less than last year, and this is to make the debt service payment on the General Obligation Bonds. The first Land Acquisition Bond is the $26 million bond issue; the second one is the $50 million bond for environmentally sensitive lands, and the budget for that is $4,769,192.00, up $171,521.00 to make the debt service. For the $26 million bond, the millage is .1357 — last year it was .1406. The $50 million bond proposed millage is .2725 and last year it was .2702. Commissioner O'Bryan asked why the debt service went up to $170,000.00 on the $50 million bond. Director Brown said the current year was the first year for that bond issue; it was issued partway through the first year, so the first year had a lower interest payment, because they only had to pay 10 instead of 12 months interest. Director Brown recognized Public Defender Diamond Litty from the 19th District, and asked if she could address the Board this morning instead of this afternoon because of a prior engagement. Ms. Litty thanked the Board for all it does for them and for the recommended budget they have been given. Administrator Baird said Ms. Litty's budget has an $8,000.00 reduction. STREETLIGHTING DISTRICTS Administrator Baird read into the record all the per parcel acre charges for street lighting, none of which was an increase, but some were a decrease over last year's costs. West Wabasso is in its first year, so they did not have a District street lighting charge for last year. Administrator Baird responded to questions from Commissioner Davis as to how Vero Lakes Estates pays for its streetlights; and what was the definition of a parcel acre. July 18, 2007 11