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FISCAL REVIEW COMMITTEE MEETING
CITY OF CLEARWATER
June 8, 1998
Present:
Daniel Fleck
'Carol Warren
Richard Lynch
Jean Stuart
Keith A. Bush
Rich Baier
Tina Wilson
Brenda Moses
Chair
Committee Member
, Committee Member
Committee Member
Public Works Controller
Public Works Administrator
Budget Director
Board Reporter
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Absent:
Daniel Moran
Committee Member
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The Chair called the meeting to' order at 7:42 a.m. in the Engineering
, Department conference room at the Muni'cipal Services Building. To provide
continuity for research, the items were not necessarily discussed in order.
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Storm water Utilitv Rates
w
Public Works Administrator Rich Baier said $100 million of projects are
necessary to alleviate flooding that occurs at a more frequent interval than a 20~
year storm, over structures, bridges, and roadways throughout the City. Minimal
. stormwater revenue will be obtained from the IMR (Information Management
Resources), pu rchase of the "Annex Site", Drew Street Apartments, and
redevelopment of the Sunshine Mall. Under current conditions, funding all system
costs, incl~ding a $30 million CIP (Capital Improvement Program), would require
raising storm water fees by the end of 2003 from $3.00 to $4.76 per month per
household. Factored into these rate increase proposals are approximately
,$100,000 a year in Pinellas County School Board fees that will no longer be
provided to the City. Suggested rate increase scenarios are based on: 1) a Uno'
growth" assumption; 2) wage inflation at 5.5% annually, other costs of 3%, 3)
current interest earnings at 5.5%, scaling down to 3.5% by the end of the' 5-year
period: and 4) borrowing at 6% for 30 years, using annual issues of revenue
bonds. Of $3.2 million in stormwater'utility fees, approximately $2.7 million funds
personnel, equipment, and capital expenditures. In 1991, the former City
Commission made a decision to shift costs from the General Fund into the
stormwater utility fund to prevent a tax increase. At that time, it was anticipated
sufficlent'annual revenue would be left in the fund for other necessary projects.
Since the inception of stormwater utility fees, only 4 capital improvement projects
have been completed due to limited funds. In response to a question, Mr. Baier
said Robert Lockridge of Burton & Associates has suggested incorporating an
upfront' ~ggregate of funds in 1999, and a bond issue on a levelized basis. Tho
Commission has indicated their preference to implement a levelized scenario, with a
higher first year increase. Implem'enting a higher first year rate increase and
, generating more u pfront cash provides for lower increases in later years. Mr. Baier '
reviewed a list of CIP priority projects planned for FY 1999 - FY 2003. In response
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to a question, he said no funding exists for these projects. Stormwater utility rate
Increases will facilitate their construction. At the end of 5 years, it will be
necessary to tackle how to cover additional projects. In response to a question,
Budget Directo~ Tina Wilson said Penny for Pinellas dollars were to fund the $ 50
million downtown pond. At that time, construction of a new Main Library, a new
Memorial Causeway Bridge, and other projects were not being considered.
It was remarked it is important for residents to see some of the "invisible"
projects, such as stormwater drainage, being done throughout the City in order to
appreciate where their money is being spent. Clearwater has not had an ad
valorem tax increase for approximately 8 years. The County and the School Board
have increased taxes. In response to a question, Ms. Wilson said it lias not been
determined if a real estate tax will be necessary if increases are approved for water
and sewer service and the stormwater utility system. ,A Solid Waste rate increase
was implemented earlier this year.
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It was remarked if the City's infrastructure falls apart, there is a possibility'
One City. One Future. could be significantly affected. No one wants to visit an .
area of flooded ponds, streets, or neighborhoods. Mr. Baier said stormwater utility'
fees are critical to sO,lving those infrastructure' problems. In response to a question,
Ms. Wilson said if this committee votes for a stormw'ater utility rate increase that is
approved by the Commission, and the priority project list changes, those changes
$500,000 or over to a single new project requires a public hearing. It was
questioned how rate increases will impact businesses. In response to a question,
,Mr. Baier said the 5 alternate rate scenarios vary depending upon the amount of
the ,first yoar increase.
Discussion ensued regarding how the City arrived at the flat $3.00 monthly
stormwater rate currently being charged single family households. He reviewed
monthly stormwater ,utility rates in other cities similar to Clearwater's population.
It was remarked a $20 yearly increase is a,major increase to the City's retirees. '
Better communication is necessary to explain the benefits of the increases. It was
remarked that no publicity is given to the many projects that are completed under
budget and on time. It was suggested prior to im'plementation of any rate
increases, the City explain to the public the benefit of studies done by, consultants.
. It was remarked that many people do not realize how improvements made in one
area of the City benefit the entire City. '
In response to a question, Mr. Baier said recent improvements have been
made to Stevenson's ~reek, but it has not been dredged since the 1960's. It was
suggested at the next Worksession, for the benefit of the public, staff cite specific
, projects that will positively impact, or have positively impacted, the City. It was
suggested using bill stuffers and Clearwater Magazine to inform the public of rate
increases by dollar amount.
,~
Member Warren moved to recommend the Commission consider a
stormwater utility system rate increase of $3 to $4 in 1999; thereafter a
percentage of 4.3% annually. The recommendation includes additional information
rnfrc0698
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06/08/98
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with regardJo the impact of businesses be consi'dered in their decision ,process. In'
r~s:ponse to,~' que~tion, Mr. Baier said the, suggested ra,te increase Includes an
indexing factor. The motion was duly seconded and carried unanimously. <
: Consensus was for Chair' Fleck to attend the next Commission meeting to reiterate
the motion.'.
It was remarked this c'ommittee has made re'commendations based on
information provided, by staff. Ms. Wilson said that is why it is important to hire
objective, outside 'consultants to provide Information that this committee and other'
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City advisory, and regulatory boards can utilize prior to making recommendations to ,
, . the Commission.
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The meeting adjourned at' 9:33 a~m.
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