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HomeMy WebLinkAboutDocumentation_Regular_Tab 17_7/8/2021Agenda Item #17. Regular Council STAFF MEMO Meeting: Regular Council - Jul 08 2021 Staff Contact: Matthew Hammond, Utilities Department: Utilities Director RESOLUTION NO. 31-21, A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, FLORIDA, ADOPTING THE STORMWATER UTILITY FEES FOR FISCAL YEAR ENDING SEPTEMBER 30, 2022 AND AUTHORIZING THE VILLAGE MANAGER TO PROCEED IN ACCORDANCE WITH THE VILLAGE'S ADOPTED PROCEDURES; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES The Village is one of approximately 170 local governments in Florida that have an established Stormwater Utility pursuant to Chapter 403, Florida Statutes. The Stormwater Utility is responsible for operation and maintenance of the Village's stormwater infrastructure as well as compliance responsibilities under the Palm Beach County Municipal Separate Storm Sewer System (MS4) National Pollution Discharge Elimination System (NPDES) program (http://www.pbco-npdes.org). The Stormwater Utility is funded through an enterprise fund deriving revenues through a non -ad valorem assessment on the annual tax role. The Stormwater Enterprise Fund is run on a business model and follows Governmental Accounting Standards Board (GASB) accounting standards. Revenues collected through the non -ad valorem assessment are used to fund personnel (1.7 FTE's), operation & maintenance (O&M) and capital costs along with an annual transfer to the General Fund. While personnel and O&M costs have remained relatively stable, capital costs have been abnormally high in recent years as long -deferred renewal and replacement of existing infrastructure has failed at increasingly rapid rates. As a result, over $1,300,000 of capital projects have been completed through the Stormwater Enterprise Fund over the past 3 fiscal years. These needed investments into failing stormwater infrastructure have depleted the fund reserves below the target minimum. Rebuilding the fund's reserves will need to be a priority over the next several years. In addition, further capital investments are required to continue deferred infrastructure renewal and replacement that are important to maintain the functionality of the stormwater system and reduce risk to the community. As a result, a revised schedule of fees (Exhibit A to the resolution) is proposed to achieve these goals while remaining cost-effective and competitive to other communities. The proposed schedule of fees includes an increase of 10% for Fiscal Year 2022 resulting in an annual increase of $7.01 ($0.58/month) for the base residential rate. A detailed presentation of the fund's revenues and expenses is attached. This document and any attachments may be reproduced upon request in an alternative format by completing our Accessibility Feedback Form, sending an e-mail to the Village Clerk or calling 561-768-0443. POTENTIAL MOTION / DIRECTION REQUESTED: Page 154 of 287 Agenda Item #17. Approve Resolution 31-21 adopting revised schedule of stormwater rates. Proposed Stormwater Fee Resolution Exhibit A - Proposed Stormwater Rates - FY22.ada 2021.07.08.Council Presentation. Rate Resolution PRINT.ada Page 155 of 287 Agenda Item #17. RESOLUTION 31-21 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, FLORIDA, ADOPTING THE STORMWATER UTILITY FEES FOR FISCAL YEAR ENDING SEPTEMBER 30, 2022 AND AUTHORIZING THE VILLAGE MANAGER TO PROCEED IN ACCORDANCE WITH THE VILLAGE'S ADOPTED PROCEDURES; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES. WHEREAS, the Village Council of the Village of Tequesta is required to annually set sufficient levels of Stormwater Utility fees to ensure adequate revenues are generated; WHEREAS, the Village Council adopts the annual stormwater utility rates as specified in the attached "Exhibit A" for fiscal year ending September 30, 2022; WHEREAS, the Fiscal Year ending September 30, 2022 rates represent a 10% increase from the prior year; WHEREAS, the stormwater rates are to be adopted by resolution and transmitted to the Palm Beach County Property Appraiser as part of a uniform method of assessment of these rates by the Village of Tequesta; NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS: Section 1: The Village Council hereby adopts the rates attached to this Resolution as "Exhibit A" to be effective October 1, 2021 for Fiscal Year ending September 30, 2022 and authorizes the Village Manager to proceed on behalf of the Village in order to provide for their uniform assessment; Section 2: This Resolution shall become effective immediately upon passage. Page 156 of 287 VILLAGE OF TEQUESTA PROPOSED STORMWATER FEES FOR FISCAL YEARS ENDING 9/30/2022 "EXHIBIT A" NAV FORMULA RATE FORMULA FORMULA FORMULA FY ENDING CODE NAV TYPE NAV DESCRIPTION MINIMUM MAXIMUM CURRENT 9 30 22 0046001A SFH Tequesta SFH area A 1 2506 $ 70.7850 $ 77.86 0046001B SFH Tequesta SFH area B 2507 4621 $ 108.9001 $ 119.79 0046001C SFH Tequesta SFH area C 4622 8198 $ 141.5701 $ 155.73 0046001D SFH Tequesta SFH area D 8199 $ 217.8004 $ 239.58 0046002 CON Tequesta Condo $ 72.9630 $ 80.26 0046003 MFH Tequesta MFH $ 91.4760 $ 100.62 0046004 COM Tequesta COM (area/3576) $ 0.03045294 $ 0.03349823 0046005 GOV Tequesta GOV (area/3576) $ 0.03045294 $ 0.03349823 0046006 IND Tequesta IND (area/3576) $ 0.03045294 $ 0.03349823 0046007 MH Tequesta MH (area/3576) $ 0.03045294 $ 0.03349823 0046008 VAC Tequesta VAC $ - $ - Page 157 of 287