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Board of County Commissioners <br />February 1, 2022 <br />Page 2 <br />FUNDING. <br />Funding for this proposed MSBU has not yet been established. Should the Board establish the MSBU, a <br />separate fund will be set up. For information purposes, an assessment of $50/parcel would provide net <br />revenues of approximately $22,000 per year. Higher assessment rates of $100/parcel or $200/parcel <br />would provide revenues of about $45,000 and $69,000, respectively. Staff has developed a rough estimate <br />of the cost to pave all of the roadways within the area of the MSBU for planning purposes. The estimated <br />cost to complete all of the roadways would be $5 million to $7 million. Therefore, the creation of an <br />MSBU in this format would be best to provide funding to pave one or more of the main east -west <br />roadways used by residents to access their properties over a period of several years. If the Board approves <br />the creation of the MSBU, staff will present a more detailed financial plan for assessment rates and <br />construction timelines and scope. Current costs including the notification for the two public hearings and <br />mailing notices to owners will be paid from the General Fund/County Attorney/Legal Ads, account <br />00110214-034910. <br />RECOMMENDATION. <br />The County Attorney's Office recommends that after the public hearing the Board vote to approve the <br />draft resolution and the draft agreement with the Tax Collector and Property Appraiser. <br />ATTACHMENT(S). <br />Draft Resolution <br />Draft Agreement <br />153 <br />