Title
RESOLUTION NO. 25R-12-239: A RESOLUTION OF THE CITY OF LAUDERHILL, FLORIDA, ESTABLISHING ITS INTENT TO REIMBURSE CERTAIN STORMWATER PROJECT COSTS INCURRED WITH PROCEEDS OF FUTURE TAX-EXEMPT FINANCINGS; PROVIDING CERTAIN OTHER MATTERS IN CONNECTION THEREWITH; AND PROVIDING AN EFFECTIVE DATE.
Body
Request Action:
To approve a resolution establishing the City's intent to be reimbursed from proceeds of a future tax exempt financing for project costs incurred up to $5,000,000.
Summary Explanation/ Background:
This reimbursement resolution will provide funding for various public improvements to the City's stormwater system. More specifically Drainage Connection Turnpike, Drainage Improvement Maple Run, and City Hall Drainage Annex Parking.
Attachments:
1. Stormwater Capital Improvement Plan
2. Resolution
Cost Summary/ Fiscal Impact:
The maximum principal amount of the Bonds expected to be issued to finance the Project is $5,000,000 - Stormwater
Estimated Time for Presentation:
Master Plan:
Goal 1: Clean, Green Sustainable Environment
[ ] Increase mass transit ridership [ ] Reduce City energy consumption
[ ] Reduce water consumption
Goal 2: Safe and Secure City of Lauderhill
[ ] Crime in lower 50% in Broward [ ] Residents feel safe in neighborhood
[ ] Reduce emergency fatalities
Goal 3: Open Spaces and Active Lifestyle for all ages
[ ] Increase participation in youth sports [ ] Add new park land and amenities
[ ] Increase attendance at cultural programs and classes
Goal 4: Growing Local Economy, Employment and Quality of Commercial Areas
[ ] Increase commercial tax base [ ] Increase employment in Lauderhill businesses
[ ] Decrease noxious and blighted uses in commercial areas
Goal 5: Quality Housing at all Price Ranges and Attractive Communities
[ ] Neighborhood signs and active HOAs [ ] Housing & streets improved, litter reduced
[ ] Increase proportion of single family homes and owner occupied housing
Goal 6: Effi...
Click here for full text