An Initial Assessment Resolution (IAR), pursuant to Chapter 21A, Punta Gorda Code, is the initial proceeding for the identification of a local improvement for the imposition of a capital assessment. The proposed IAR for the Buckley's Pass additional harbor access project identifies the estimated capital and project costs, provides for assessments based on water access unit methodology, describes the assessment area and payment options, as well as sets the date for the Final Assessment Resolution public hearing on April 3, 2019.
Engineer’s opinion of probable construction cost is $1,956,939, which is an increase of $1,252,048 from the 2015 estimate included in the Boater’s Alliance report. Major factors resulting in the increase are mobilization impacted by contractors being tied up with repairs associated with Hurricane Irma; clear and grub due to increased mangroves area; dredged material handling and getting material to an appropriate containments site; dredging due to increase of width and depth of channel; and seawall construction due to doubling the linear footage of shoreline to be stabilized.
Estimated capital cost including design, permitting, legal, economist, land purchase, advertising and mailing is $2,737,193. Total project cost including 10% estimate of uncollectable, 2.5% interest over three-year loan, 2% tax collector fee and 4% discount rate if paid in November is $3,148,898. Assessment per water access unit is $983 if paid up front, or $399.95 per year if paid over three years.