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<br />Debt Service - Special District <br /> <br />Streetscaoe Proiect <br /> <br />Special Assessment Revenue <br /> <br />Issue Date - To Be Determined (TBD) <br /> <br />EST, ISSUE AMOUNT = 20,000,000 <br /> <br />BAlANCE <br /> <br />PRINCIPLE <br /> <br />INTEREST <br /> <br />RATE(%) <br /> <br />TOTAL AMOUNT <br /> <br />TBD <br /> <br />TBD <br /> <br />TBD <br /> <br />TBD <br /> <br />TBD <br /> <br />The creation of a special assessment district to fund the many wonderful aesthetic and infrastructure improvements to our main roadways was approved last year by the City <br />Commission, A consulting firm, who specializes in this type of work, was retained in 1999 to create the special assessment fee formulas and for the recently approved impact fee <br />ordinance. The special assessment districts cover all properties that will directly benefit by the implementation of the improvements as delneated in the Bermello, Ajamil and <br />Partners, Inc, report of May 26, 2000, entitled Streetscape Master Plan, The more signifICant aspects of that report include utility undergrounding, landscaping, street Hghting, <br />trash receptacles, benches, newsracks, bus shelters, and other p1antings, The timing of when the consultants win make a recommendation on the special assessment district, and <br />subsequent staff and legal reviews is not certain. Also, there are some aspects of the plan the Commission may want to amend, Therefore, this is addressed here as a budgetary <br />policy direction the Commission has set. <br /> <br />c~ <br /> <br />" <br /> <br />:":."~ <br />t~": <br /> <br />61 <br />