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CASSELBERRY CITY COMMISSION Minutes of August 26, 2019 — Regular Meeting Page 12 of 20 Public Hearing: Mayor Glancy stated this was a public hearing to hear and consider comments and questions regarding Ordinance 19-1518. Mayor Glancy opened the floor for public participation. No one came forward to address Ordinance 19-1518. Mayor Glancy closed the public hearing relative to Ordinance 19-1518. MOTION: Commissioner Hufford moved to adopt Ordinance 19-1518 on second and final reading, as presented. Motion was seconded by Vice Mayor Aramendia. Motion carried unanimously by voice vote 5-0. C. Resolution 19-3112 — Final Assessment Resolution for Sausalito Assessment Area The City Cleric read Resolution 19-3112 by title, as follows: "A RESOLUTION OF THE CITY COMMISSION OF CASSELBERRY, FLORIDA, RELATING TO THE CONSTRUCTION OF CERTAIN LOCAL IMPROVEMENTS BENEFITTING SPECIFIC PROPERTIES; AMENDING, RATIFYING, AND CONFIRMING THE INITIAL ASSESSMENT RESOLUTION FOR THE SAUSALITO ASSESSMENT AREA; DETERMINING THAT CERTAIN REAL PROPERTY THEREIN IS SPECIALLY BENEFITED BY THE CONSTRUCTION AND FINANCING OF SAUSALITO SHORES SUBDIVISION WALL; APPROVING THE ASSESSMENT ROLL; PROVIDING THE METHOD OF COLLECTION; AND PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE." Notice of Public Hearing: The Notice of Public Hearing relative to Resolution 19-3112 was advertised in the Orlando Sentinel on Sunday, August 4, 2019. Staff Presentation: Deputy Public Works Director/City Engineer Kelly Brock stated that Resolution 19- 3112 is the Final Assessment Resolution providing for enactment of a Special Assessment for the Sausalito Assessment Area in order to construct a replacement Sausalito Shores subdivision wall. The City Commission approved the Initial Assessment Resolution at its meeting on July 22, 2019 to consider imposing a special assessment in order to be able to re -construct the wall along Red Bug Lake Road for the Sausalito Shores subdivision. This Final Assessment Resolution memorializes previous findings, ratifies the Initial Assessment Resolution passed by the City Commission, approves the assessment roll, imposes the assessment and directs staff how to collect it. If approved, the resolution will be submitted to the Seminole County Property Appraiser and the Seminole County Tax Collector to be placed on the November 2019 tax bill. Dr. Brock gave a summary of the assessment rate which would be $364.39 per year per homeowner for twenty (20) years to cover the cost of the wall that includes the costs associated with financing and interest and which will generate an estimated $2,000,000 over the course of twenty (20) years. Mr. Craig Ebaugh, the expert appraiser hired by the City to conduct a study on the potential benefits of having a uniform well maintained wall along the lots that front or back up to the south side of Red Bug Lake Road in the Sausalito Shores subdivision was present to address any questions as to the justification and fairness of charging each homeowner equal amounts for the wall. Budget Impact: There is no immediate direct Fiscal Year 2018-2019 budget impact due to this item. (A Budget Amendment related to the construction loan/bond and construction of the wall is addressed by a separate, preceding item on this same agenda.) However, enactment of the Special Assessment will generate an estimated $2,033,312 in revenue over 20 years to reimburse the City for costs associated with