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I <br />DEC 1 1 jj 0009 55 PAC 5�9 <br />Since the July, 1982 Board of County Commission meeting, the following <br />has taken place: <br />1) The Vero Lakes Estates Homeowners Assoc. was established and became <br />a Non Profit Corporation in the State of Florida. <br />2) On November 9, 1982, the Association established a 6 person committee <br />to work with the County Public IVorks Division on road and drainage <br />matters. <br />3) The Public lVorks Staff and Assistant County Attorney attended meetings <br />on August 23, 1982 and November 1982 to discuss road and drainage <br />matters. <br />Based upon the apparent need in the area, staff proceeded to draft an <br />ordinance for the establishment of an MSTU for the area. The funds generated <br />from the NLSTU are intended to be used in the following manner <br />1) A seven (7) person Board be established by the -Board of County <br />Commissioners for the purpose of recommending yearly to the Board of <br />County Commissioners an operating budget and yearly program. <br />2) It is anticipated that the first action by the Advisory Board would <br />be to select an Engineering firm to perform a Road and Drainage Study <br />for the area. <br />3) Once the study phase is complete, a program would be developed to <br />implement the study. <br />4) The Consultant would be -instructed to consider the equitable share <br />of cost sharing so that dual taxation is not applicable and expenditure <br />Of County funds is equitable. <br />The Advisory Board would recommend the actual operating budget. <br />RECOAMEMATION-AND FUNDING <br />It is recommended that the implementing ordinance be approved for the <br />establishment of an MSTU for the Vero Lakes Estates area. <br />Public Works Director Jim Davis presented staff's <br />recommendation for the establishment of an Municipal Service <br />Taxing Unit (MSTU) for the Vero Lakes Estates area. <br />He explained that the County has performed extensive <br />maintenance.in the area and it is a difficult area to <br />maintain. He continued that they met with the homeowners' <br />association of the area in 1982 and again last Thursday <br />night, and there was not much support for establishing a <br />MSTU. However, Director Davis pointed out that if something <br />is not done at an early stage, it is going -to reduce <br />retention facilities for drainage in the future. He, <br />therefore, recommended a study be undertaken as soon as <br />possible as there is a potential of 8,000 to 10,000 homes in <br />50 <br />