Meetings
 
City Council
CITY OF PUNTA GORDA
8/19/2020
 
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City Council Budget
Title:

Final Accounting for the Buckley's Pass Additional Harbor Access Project

Funds: Buckley's Pass Dredging Assessment
Recommended Action: City Council approval of the reduced assessment and issuance of refunds to current property owners within the Buckley's Pass Dredging Assessment Area. Staff is further authorized to transfer all funds remaining in the project account upon final close-out of the special assessment process to the General Fund as reimbursement of administrative costs.
Summary:

In April 2020, the Buckley's Pass navigational channel opened for use by the boating community. Over the past several months, staff has completed an accounting of revenues received and expenditures associated with project construction, design, permitting, land acquisition, project management and assessment-related administrative costs. The reconciliation is attached and summarized below:

Original Project Estimate                    $2,737,192

Final Project Cost                               $2,660,836

Difference                                                $76,356

Refund per Water Access Unit                  $27.50 

Assessments run with the land and not an individual. As such, refund checks would be issued to the current property owner as listed in the county's records for those accounts which have been paid in full. This will take approximately 60 days to process. For accounts in which the assessments are being collected on the tax bill, the final installment (November 2021) will be adjusted accordingly.

Department/Division: City Manager/Finance
 
EXHIBITS:
1.Presentation
2.Final Accounting