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CASSELBERRY CITY COMMISSION Minutes of July 22, 2019 — Regular Meeting Page 9 of 20 "A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF CASSELBERRY, FLORIDA, RELATING TO THE CONSTRUCTION OF CERTAIN LOCAL IMPROVEMENTS BENEFITTING SPECIFIC PROPERTIES; DESCRIBING THE PROPERTY TO BE LOCATED WITHIN THE PROPOSED SAUSALITO ASSESSMENT AREA; DETERMINING THE ESTIMATED CAPITAL COST OF THE SAUSALITO SHORES SUBDIVISION WALL; DETERMINING THAT CERTAIN REAL PROPERTY WILL BE SPECIALLY BENEFITTED BY THE SAUSALITO SHORES SUBDIVISION WALL; ESTABLISHING THE METHOD OF ASSESSING CAPITAL COSTS OF THE SAUSALITO SHORES SUBDIVISION WALL AGAINST THE REAL PROPERTY THAT WILL BE SPECIALLY BENEFITTED THEREBY; DIRECTING THE CITY MANAGER TO PREPARE AN INITIAL ASSESSMENT ROLL BASED UPON THE METHODOLOGY SET FORTH HEREIN, TO PUBLISH NOTICE OF THE PUBLIC HEARING TO ADOPT THE FINAL ASSESSMENT RESOLUTION AND ASSESSMENT ROLL, AND TO MAIL NOTICE; AUTHORIZING THE DATE, TIME AND PLACE OF THE PUBLIC HEARING TO CONSIDER ADOPTION OF THE FINAL ASSESSMENT ROLL; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE." Staff Presentation: Deputy Public Works Director/City Engineer Kelly Brock stated that Resolution 19- 3107 is the Initial Assessment Resolution providing for necessary processes for enactment of a Special Assessment for the Sausalito Assessment Area in order to construct a replacement Sausalito Shores Subdivision Wall. Resolution 19-3107, the Initial Assessment Resolution, is the first of two resolutions necessary to enact the Special Assessment to replace the Sausalito Shores Subdivision Wall and addresses the following: 1) describing the property within the Sausalito Assessment Area; 2) providing estimated capital cost of the project; 3) determining property will be specially benefitted; 4) establishing assessment method; 5) directing preparation of an Initial Assessment Roll; 6) directing publishing of Notice of Public Hearing for the Final Assessment Resolution; and 7) authorizing the date, time, and place of the Public Hearing. Budget Impact: There is no immediate budget impact associated with this item. However, once the Special Assessment is enacted, it is estimated it will generate $2,033,312 in revenue over 20 years to reimburse the City for costs associated with replacement of the Sausalito Shores Subdivision Wall, including interest associated with a proposed construction loan/bond. Recommendation: The City Manager and the Public Works Director recommended approval of Resolution 19-3107. Audience Participation: No one came forward to address Resolution 19-3107. MOTION: Commissioner Busch moved to approve Resolution 19-3107, as presented. Motion was seconded by Commissioner Meadows. Motion carried unanimously by voice vote 5-0. B. Resolution 19-3108 — Findings Regarding the Public Purpose of Financing the Design and Construction of the Sausalito Shores Subdivision Wall The City Clerk read Resolution 19-3108 by title, as follows: