Laserfiche WebLink
<br />Related Service Assessment Roll: the special assessment roll relating to Related Service <br />Assessments, approved by a Final Related Service Assessment Resolution or an Annual Related <br />Service Assessment Resolution pursuant to Section 4.06 or Section 4.07 hereof. <br /> <br />Related Service Cost: all expenses that are properly attributable to maintenance of the Local <br />Improvement (excluding amounts paid or reimbursed by FOOT) under generally accepted <br />accounting principles, including, without limiting the generality of the foregoing, reimbursement to <br />the City for any moneys advanced for Related Service, and interest on any interfund loan for such <br />purposes. Related Service Cost can also include, but not be limited to: (A) the cost of physical <br />construction, reconstruction or completion of any required facility or improvement; (B) the costs <br />incurred in any required acquisition or purchase; (C) the cost of all labor, materials, machinery, and <br />equipment; (0) the cost of fuel, parts, supplies, maintenance, repairs, and utilities; (E) the cost of <br />computer services, data processing, and communications; (F) the cost of all lands and interest <br />therein, leases, property rights, easements, and franchises of any nature whatsoever; (G) the cost <br />of any indemnity or surety bonds and premiums for insurance; (H) the cost of salaries, volunteer <br />pay, workers' compensation insurance, or other employment benefits; (I) the cost of uniforms, <br />training, travel, and per diem; (J) the cost of construction plans and specifications, surveys and <br />estimates of costs; (K) the cost of engineering, financial, legal and other professional services; (L) <br />the cost of compiiance with any contracts or agreements entered into by the City relating to the <br />provisions of said services; (M) all costs associated with the structure, implementation, collection, <br />and enforcement of the Assessments, including any service charges of the Clerk, Tax Collector, or <br />Property Appraiser, and delinquent amounts from prior impositions, and amounts necessary to off- <br />set discounts received for early payment of Assessments pursuant to the Uniform Assessment <br />Collection Act or for early payment of Assessments collected pursuant to 5.02 herein; (N) all other <br />costs and expenses necessary or incidental to the acquisition, provision, or construction of the <br />service, facility, or program to be funded by the Assessment, and such other expenses as may be <br />necessary or incidental to any related financing authorized by the City Commission by subsequent <br />resolution; (0) an amount for contingencies and anticipated delinquencies and uncollectible <br />Assessments; and (P) reimbursement to the City of any other person for any moneys advanced for <br />any costs incurred by the City or such person in connection with any of the foregoing items of <br />Service Cost. <br /> <br />Resolution of Intent: the resolution expressing the City Commission's intent to collect <br />Assessments on the ad valorem tax bill required by the Uniform Assessment Collection Act. <br /> <br />Tax Collector; the Seminole County Tax Collector. <br /> <br />Tax Roll: the real property ad valorem tax assessment roll maintained by the Property <br />Appraiser for the purpose of the levy and collection of ad valorem taxes. <br /> <br />Transaction Cost: the costs, fees and expenses incurred by the City in connection with the <br />issuance and sale of any series of Obligations, including but not limited to (A) rating agency and <br />other financing fees; (B) the fees and disbursements of bond counsel; (C) the underwriters' <br />discount; (0) the fees and disbursements of the City's financial advisor; (E) the costs of preparing <br />and printing the Obligations, the preliminary official statement, the final official statement, and all <br />other documentation supporting issuance of the Obligations; (F) the fees payable in respect of any <br />municipal bond insurance policy; (G) administrative, development, credit review, and all other fees <br /> <br />Ordinance No. 04-1137 <br />Page 4 of 23 <br />