HomeMy WebLinkAboutHandouts_Regular_10/13/2022 (2)Future Purchase and Cost associated with maintaining the lands acquired through the program•Traffic mitigation•Archaeological or historic preservation•Planning and development of space
acquired by the Village through this program•Lands for open spaces•Environmentally sensitive, waterfront, and recreational lands•established criteria, falling into one of the following
categories:Funds would be required to be used on lands or land cost that meet •Intent •
Potential Uses Development of Linear Park•Redevelop Tequesta Park according to Master Plan•develop 3 phases of park according to Master Plan–Remembrance Park •Increase foot print of
Constitution Park•.parks can increase the value of nearby homesSmall scale redevelopment. -largeexpensive, pocket parks are the only option for creating new public spaces without urbanized
areas, particularly downtowns where land is very In highly playground. parks provide greenery, a place to sit outdoors, and sometimes a children's Pocket created on a single vacant
building lot or on small, irregular pieces of land. park accessible to the general public. Pocket parks are frequently Small -Pocket Park •parksPurchase and develop individual parcels
ideal for neighborhood or pocket •
Parks Bond Referendum within 3 yearsVillage’s choice in the amount issued as long as spent •Once Issued the 20 year clock begins on the debt•25-Ad Valorem collected FY 24•, 2023 st Debt
issued before Dec. 31–Approved in March •Ad Valorem Taxes.and length of time between assessing and collecting the Structuring of the debt will be determined by the amount •compliance
with the Feds.The Village has 3 years to spend the debt issued to say in •referendum.assage of the ppon uebt dcan issue The Village •
Parks Bond Referendum for Home w/ Taxable Value of $500,000yrEquates to $276/mills0.5750Estimated Village Bond Rate%5.25yr20 yr Treasury-204.13%$819,522.83 $10,000,000 for Home w/ Taxable
Value of $500,000yrEquates to $138/mills0.2880Estimated Village Bond Rate%5.25yr20 yr Treasury-204.13%$409,761.42 $5,000,000 500,000yrEquates to $28/mills0.0575Estimated Village Bond
Rate%5.25yr20 yr Treasury-204.13%$81,952.28 $1,000,000