Resolution 2005-115
RESOLUTION NO. 2005-115
RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS
OF COLLIER COUNTY, FLORIDA, DIRECTING THAT AD
VALOREM REVENUES (GENERATED FROM .15 MILLS) SHALL
BE DEDICATED TO COLLIER COUNTY'S STORMWATER
UTILITY FOR FISCAL YEAR 2006 AND THE NEXT NINETEEN
FISCAL YEARS
WHEREAS, In Collier County Ordinance No. 91-27, ("The Collier County Stormwater
Utility Ordinance"), the BCC concluded that it was necessary to undertake a
stormwater management program ("Program") and thereby created a "Stormwater
Utility" to set aside funds to pay for the Program; and
WHEREAS, the Stormwater Utility is an enterprise fund to operate, maintain and
improve the County's stormwater management and capital improvements thereto; and
WHEREAS, Ordinance No. 91-27 established the "Stormwater Utility Enterprise Fund"
to account for all revenues, expenditures, assets, earnings of the utility, in which all
revenues from the stormwater utility shall be deposited, and that such monies shall, in
order of priority, (i) pay the costs of operations and maintenance, (ii) debt service, and
(iii) extension and replacement of the system; and
WHEREAS, depositing these ad valorem tax revenues as directed herein will dedicate
to the Stormwater Utility anticipated monies of at least $7 million for fiscal year 2006
and for each of the County's next nineteen fiscal years; and
WHEREAS, depositing these ad valorem tax revenues (the amounts determined by
applying .15 mills of these ad valorem taxes) into the "Stormwater Capital
Improvement Fund - Fund 325" is an internal dedication of these funds that does not
reduce or increase the total ad valorem tax revenues to be collected by Collier County;
and
WHEREAS, to the greatest extent allowed by law, this Resolution irrevocably
dedicates these tax revenues to the County's Stormwater Utility, including with regard
to acquiring grant monies, issuing bonds, and implementation of the Stormwater
Capital Improvement Program.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY, FLORIDA, that:
1. All of the County's applicable officers and employees are hereby directed that
the dollar amounts of the County's ad valorem tax revenues received in Fiscal
Year 2006 and for the next nineteen fiscal years (resulting from applying in
each fiscal year a millage rate of .15 mills), shall be dedicated to the County's
Stormwater Utility by depositing these revenues into "Fund 325 - The
Stormwater Capital Improvement Fund."
2. This Resolution shall take effect immediately upon adoption.
ADOPTED this 8th day of March 2005 after motion, second and majority vote
favoring adoption.
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Approved as to form and legal sufficiency:
Thom~lf~unty Attorney
BOARD OF COUNTY COMMISSIONERS
OF COLLIER COUNTY, FLORIDA