Laserfiche WebLink
S ' <br /> INDIAN RIVER COUNTY, FLORIDA <br /> MEMORANDUM <br /> TO: Joseph A. Baird,County Administrator <br /> THROUGH: Christopher R. Mora, P.E., Public Works Director <br /> AND <br /> Christopher J. Kafer,Jr., P.E., County Engine t >, <br /> FROM: David W.Schryver, P.S.M., County Surveyo. <br /> SUBJECT: Public Hearing for Ordinance Establishing an Oslo Park Subdivision Street <br /> Lighting District MSBU (Municipal Services Benefit Unit) <br /> DATE: May 28, 2014 <br /> DESCRIPTION AND CONDITIONS <br /> Indian River County received a petition from the Oslo Park Subdivision area residents to install street <br /> lights throughout the Oslo Park area for traffic safety and security reasons. On behalf of the residents, <br /> Indian River County has coordinated the project with Florida Power and Light Company (FPL) and <br /> designed a street light system consisting of 90 street lights to satisfy the needs of the community. In the <br /> past,the Board has established MSBUs to fund similar street light systems. The MSBU would levy the <br /> supporting tax via the property owners' annual ad valorem property tax bill. <br /> The total estimated cost associated with the installation of the street lighting project is$414,000.00. <br /> This estimate includes the cost of the infrastructure improvements such as additional electrical <br /> distribution lines, utility poles and transformers to energize the street lights. <br /> FUNDING <br /> The MSBU would fund the annual street light maintenance and electricity charges,as well as reimburse <br /> Indian River County for the infrastructure improvements. Indian River County would fund the initial <br /> infrastructure improvements. The cost to the typical Oslo Park homeowner would be approximately <br /> $98.00 per year for three years,then $15.00 per year thereafter. <br /> F:\Engineering\David Schryver\Agenda items\07-01-14 Memo BCC Agenda for Oslo Park Lighting MSBU.doc 123 <br />