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Ordinance 88-023 ORDINANCE NO. 88-23 AN ORDINANCE RELATING TO THE UNINCORPORATED AREA OF COLLIER COUNTY, FLORIDA: A~THORIZING THE CONSTRUCTION OR ACQUISITION OF PROJECTS WITHIN MUNICIPAL SERVICE BENEFIT UNITS WITHIN THE COUNTY; AUTHORIZING THE LEVYING AND COLLECTION OF SPECIAL ASSESSMENTS AND THE ISSUANCE OF BONDS FOR THE PAYMENT OF COSTS INCURRED IN PROVIDING THE PROJECTS WITHIN THE BOUNDARIES OF SUCH UNITS; AUTHORIZING THE ISSUANCE OF BONDS AT AN INTEREST RATE NOT TO EXCEED THE MAXIMUM INTEREST RATE ALLOWED bY LAW; ESTABLISHING THE INTER£ST RATE FOR SPECIAL ASSESSMENTS; PROVIDING THAT SPECIAL ASSESSMENTS MAY BE PREPAID UNDER CERTAIN CONDITIONS~ SETTING FORTH THE FROCEDURES FOR LEVYING AND COLLECTING SPECIAL ASSESSMENTS; PROVIDING AN ALTERNATIVE METHOD OF COLLECTION OF ASSESSMENTS; AND PROVIDING A~ .~FFECTIVE DATE · WltEREAS, pursuant to Article VIII, Section 1, Florida Constitution, and Sections 125.01 and 115.65, Florida Statutes, the Board of County Commissioners of Collier County, Florida has all powers of local self-government to perform county functions and to render set;ices in a manner not inc~-nsistent with general law and such power may be exercised by the enactment of county ordinances~ and WHEREAS, it is necessary for the public health, safety and general welfare of Collier County and its citizens that provision be made for the acquisition an4 construction of various essential facilities and improvements, inc~uding, but not limited to, facilities and improvements relating to beach erosion control, recreation services, water, streets, sidewalks, stree~.lig~ing, sewage collection and disposal, drainage, garbage collection and transportation; and WHEREAS, Section 125.01(1)(q), Florida S~atutes, grants the board of county commissioners of a county the power to establish a municipal service benefit unit for any part or all of the unincorporated areas within its boundaries within which may be provided essential facilities and impr6vements described above; NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COUNTY COHMISSIONERS OF COLLIER COUNTY, FLORIDA: SECTION 1. DEFINITIONS. As used in this Ordinance, the following words and terms shall have the following meanings, unless some other meaning is plainly intended: "Approving Resolution" shall mean the resolution described in subsection (D) of Section 4 hereof which shall approve the plans, specifications, estimated Costs and Tentative Assessment Roll and shall confirm or deny the Initial Resolution. "Assessment Roll" shall mean the assessment roll as approved by the Final Resolution. "Board" shall mean the Board of County Commissioners of Collier County, Florida. ~Bonds~ shall mean the bonds issued by the County pursuant to resolution of the County, payable from the Pledged Revenues. "Clerk" shall mean the Clerk of the Circuit Court of Collier County, ex-officio Clerk of the Board, or his designee. "Cost" or "Costs" shall mean, as applied to the acquisition and construction of any Projects authorized by the Board, (A) the 2 ,oo 030 ,:: 67 cost of physical construction, reconstruction or completion, (B) the costs of acquisition or purchase, (C) the cost of all labor, materials, machinery and equipment, (D) the cost of all lands and interest therein, property rights, easements and franchises of any nature whatsoever, (E) the cost of any indemnity or surety bohds and premiums for insurance during construction, (F) interest prior to and during construction and for such period of time after co~pletion of the construction or acquisition of such Projects as the Board deems appropriate, (G) amounts necessary to pay redemption premiums for early retirement of Bonds or Notes, (H) the creation of reserve or debt service funds, (I) costs and expenses related to the issuance of Bonds or Notes or other indebtedness related to the Project, all financing charges and any expenses related to any liquidity facility or credit facility, including interest on Bonds or Notes held by the issuer of such liquidity facility or credit facility, (J) the cost of construction plans and specifications, surveys and estimates of costs, (K) the cost of engineering, financial, legal and other consultant services, (L) the costs related to the collection of Special Assessments, including any service charges of the Tax Collector or Property Appraiser and amounts necessar~ to off-set discounts received for early payment of Special Assessments pursuant to applicable law, and (M) all other costs and exponses properly attributable to such acquisition or construction and such other expenses as may be necessary or incidental to financings authorized by this Ordinance; and including reimbursement of the County or any other person, firm or corporation for any moneys advanced for any costs incurred by the County or such person, firm or corporation kn connection with any of the foregoing items of cost. Unless otherwise provided by resolution of the Board, costs shall not include any of the costs or expenses described above to the extent such costs or expenses were incurred prior to the adoption by the Board of the resolution authorizing the acquisition and construction of the ~elated Project. "County" shall mean Collier County, Florida. "County Engineer" shall mean such engineer or firm of engineers as shall be retained by the County to perform the responsibilities of the County Engineer as provided hereunder. The County Engineer may be in the regular employment of the County. "County Manager" shall mean the Manager of the County, or his designee. 'Final Resolution' shall mean the resolution described in subsection (X) of Section 4 hereof which shall approve the Assessment Rol~. "Initial Resolution' shall mean the resolution described in suDsection (A) of Section 4 hereof which shall he the initial proceeding for levying and imposing Special Assessments. 'Notes' shall mean notes issued in anticipation of Bonds as provided in Section 6 and subsection (F) of Section 4 hereof. o .o : ~Pledged Revenues" shall mean (A) the proceeds of the Bonds, including investment earnings, (B) proceeds of the Special Assessments as specified by the resolution autho=izing the Bonds, and (C) any other non-ad valorem revenues or other legally available moneys pledged by the County under the resolution authorizing the Bonds. ~Preliminary Assessment Roll" s~all mean the preliminary assessment roll prepared by the County Engineer as described in subsection (G) of Section 4 hereof. "Projects" shall mean the facilities and improvements which the County may construct or acquire in a Unit pursuant to Section 125.01(q), Florida Statutes. ~Special Assessments" shall mean the special assessments lawfully levied by the County in accordance with the terms of this Ordinance against properties specially benefitted by the acquisition and construction of the Projects. ~Tax Rolls" shall mean the real property assessment tax roll maintained by the Property Appraiser of the County for the purpose of the levy and collection of ad valorem taxes. mTentative Assessment Ro11" shall mean the tentative assessment roll prepared by the County Engineer as described in subsection (B) of Section 4 hereof. =Unit" shall mean the municipal service benefit units from time to time created by the County. ~Unit Resolution~ shall mean the resolution described in Section 2 hereof which shall establish a Unit. SECTION 2. CREATION OF MUNICIPAL SERVICE BENEFIT UNITS. (A) There is hereby authorized the creation and establishment by subsequent resolution of the Board municipal service benefit units in the County under the authority of Section 125.01, Florida Statutes. The provisions of this Ordinance shall, unless otherwise stated in the Unit Resolution, apply to all Units hereinafter created in which Special Assessments shall be levied by the County. (B) The Board may determine to establish a Unit either by its own initiative or pursuant to a petition of property owners located in such Unit. Bach petition to establish a Unit must be signed by a majority of the property owners within the proposed Unit. The petition shall indicate the area to be included within the proposed Unit and state the nature of the proposed Project. The petition shall also state that the Project shall be principally paid from Special Assessments. Bach petition shall be provided to the Clerk who shall forward the petition to the Property Appraiser of the County. The Property Appraiser shall verify that the petition is duly signed by a majority of the property owners within the proposed Unit. Subsequent to verification, the Property Appraiser shall return the petition to the Clerk. The qualified petition shall then be entered as a Board agenda item. A petition to establish a Unit shall comply with all other applicable County ordinances, resolutions and regulations, unless otherwise waived by the Board. (C) The Clerk shall publish, in a newspaper of general circulation, published and circulating in the County, a notice stating that at a meeting of the Board on a'certain day and hour, not earlier than 15 calendar days from such publication (e×cluding Saturdays, Sundays and legal holidays), whioh meeting may be a regular, adjourned or special meeting, the Board will hear objections of all interested persons to the establishment of the Unit and will consider the adoption of the Unit Resolution creating such Unit. Such notice shall also describe the area to be encompassed by the proposed Unit, the nature of the Project to be constructed or acquired within such Unit, the procedure of objecting and such other information as the Board deems appropriate to include in such notice. In addition to the published notice described above, the Clerk shall mail a copy of such notice by first class mail to each property owner in the proposed Unit. Notice shall be mailed, at least 15 calendar days prior to the hearing, to each property owner at such address as is shown on the Tax Rolls. Notice shall be deemed mailed upon delivery thereof to the possession of the U.S. Postal Service. The failure of the Clerk to mail such notice shall not constitute a valid objection to holding the hearing or the adoption of the Unit Resolution as provided herein. (D) All objections to the adoption of the Unit Resolution creating the Unit shall be made in writing, and filed with the Clerk at or before the time or adjourned time of such hearing. Upon consideration of the objections and the Unit Resolution, the Board shall consider the Unit Resolution with such amendments as it deems appropriate or necessary. The adoption of the Unit Resolution shall be the final adJudica~ion of the issues presented thereby unless proper steps shall be initiated in a court of competent Jurisdiction to secure relief within 20 days from the date of Board action on the Unit Resolution. (E) Any informality or irregularity in the proceedings in connection with the creation of any Unit under the provisions of this Ordinance shall not affect the validity thereof and such Unit shall be deemed to be valid in all respects unless it be clearly shown that the party objecting to the validity thereof was materially injured by the creation of such Unit. SECTION 3. POWERS. For the purpose of providing the services and facilities described in this Ordinance within the Units, the Board shall have the following authority and powers within the Units= (A) To acquire, improve and construct the Projects. (B) To levy and collect Special Assessments or any portion thereof in the manner provided in this Ordinance. (C) To authorize and issue Bonds to finance the Cost of the Projects payable from Pledged Revenues in the manner provided in this Ordinance. (D) To authorize and issue Notes to finance the Cos~ of the Project payable from the moneys described in subsection (F) of Section 4 hereof. 73 (Z) To acquire in the name of the County, either by purchase or the exercise cf the right of eminent domain by the County, such lands and rights and interes~s and to acquire such personal property as may be deemed necessary in connection with the acquisition and construction of the Projects. (F) To make and enter into all contracts add agreements necessary or incidental to the performance of itc duti~ and the execution of its powers under this Or6inance, and to employ such consulting engineers, attorneys, accountants, construction and financial experts, superintendents, managers and other employees, contractors and agents as may, in the Judgment of the Board, be deemed necessary or convenient and to fix their compensation. (G) TO exercise any and all of the powers of the County not enumerated above necessary or incidental for the purpose of providing the services, improvements and benefits described herein. SECTION 4. LEVY AND PAYMI%TTOF SPECIAL ASSESSMENTS. The Board may provide for the Cost of a Project by the levying in the Unit in which the Project is located Special Assessments upon benefitted property within the Unit at a rate of assessment based on the special benefit accruing to such property from such Project. Such Special Assessments shall be assessed in conformity with the following Special Assessment procedure: (A) The initial proceeding shall be the passage by the Board of an Initial Resolution ordering the acquisition, construction or reconstruction of assessable improvements constituting an individual Project, indicating, in general, the location (the location may be established by reference to boundaries or a map or by reference to the'Unit) and description of such improvements, which shall be sufficient to enable the County Engineer to prepare the plans and specifications of such improvements as described in subsection (B) of this Section 4. The Initial Resolution shall also state the portion, if any, of the Project to be paid by the County, the estimated Costs of the Project, if available, and the method of assessment which may be by frontage, acreage, square footage, parcel or any other combination thereof or any other method deemed equitable by the Board. The Initial Resolution may provide for alternative improvements and method of assessment. The improvements constituting the Project need not be contiguous and may be in more than one locality or street. The Initial Resolution ordering any such improvement may give any short and convenient designation to each improvement ordered thereby. The Initial Resolution may be adopted at the same meeting of the Board at which the Unit Resolution is adopted. (B)(i) As soon as possible after the passage of the Initial Resolution the County Engineer shall prepare, or cause to be prepared, in triplicate, plans, specifications and Cost estimates for the improvements constituting the Project. The plans and specifications need only be in sufficient form to enable the County Engineer to estimate the Costs of the Project and prepare a Tentative Assessment Ro11. If the Initial Resolution shall 10 provide alternative improvements or method of assessment, such plans, specifications and Cost estimates shall include an estimate of the Costs of each such alternative. (ii) The County Engineer shall also prepare, or cause to be prepared, ~n triplicate, the Tentative Assessment Roll, which Roll shall contain (a) a description of the lots and parcels of real property within the Unit which, will benefit from such 'assessable improvements and the estimated amount of benefits to each such lot or parcel of property, provided such lots and parcels shall include the property of the County, and any school district, special district, municipality or political subdivision, (b) the name of the owner of record of each lot and parcel as shown on the Tax Rolls, (c) the total estimated Cost of the Project to each benefitted lot or parcel, and (d) the method or alternative method of assessment utilized in determining the Cost of the Project to be assessed to property owners, including any formulas for dealing with irregular lots and any assumptions of depth of the lots. Such Tentative Assessment Roll shall not be held to limit or restrict the duties of the County Engineer in the preparation of the Preliminary Assessment Roll under the provision of subsection (G) of this Section 4. (iii) One of the triplicates of such plans, specifications, Cost estimates and the Tentative Assessment Roll shall be filed with the Clerk, one shall be filed with the County Manager and the other triplicate shall be retained by the County Engineer in his files, all of which shall remain open to public inspection. 11 (C) The Clerk, upon the filing with him of such plans, specifications, Cost estimates and Tentative Assessment Roll, shall publish once in a newspaper of general circulation, published and circulating in the County, a notice stating that at a meeting of the Board on a certain day and hour, not earlier than 15 calendar days from such publication (excluding Saturdays, Sundays and legal holidays), which memting shall be a regular, adjourned or special meeting, the Board will hear objections of all interested persons to the Approving Resolution which shall approve the aforementioned plans, specifications, Cost estimates and Tentative Assessment Roi1. Such notice shall state (i} in brief and general terms a description of the applicable Project with the location thereof (location may be established by reference to boundaries or a map or by reference to the Unit), (ii) the procedure for objecting provided in subsections (D) and (E) of this Section 4, (iii) that plans, specifications, Cost estimates and the Tentative Assessment Ro11, which shall include the method or methods of assessment, are on file with the Clerk and the County Manager and all interested persons may a~certain the amount to be assessed against a lot or parcel of property at the office of the Clerk, and (iv) in the event the alternative method of collection of Special Assessments, as described in Section 5 hereof, is utilized by the County, that such method may result in the potential loss of title to property which is assessed in the event of non-payment of the Special Assessments; provided, however, the notice described in clause (iv) above 12 maybe given at such other time as the Board deems appropriate. In addition to the published notice described above, the Clerk shall mail a copy of the notice by first class mail to each property owner proposed to be assessed. Notice shall be mailed, at least 15 calendar days prior to the hearing to each property owner at such address as is shown on the Tax Rolls. }~otice shall be deemed mailed upon delivery thereo~ to the possession of the U.S. Postal Service. The failure of the Clerk to mail such notice shall not constitute a valid objection to holding the hearing as provided in this Section 4 or to any other action taken under the authority of this Section 4. The Clerk may provide proof of such notice by affidavit. (D) At the time named in such notice, or to which an adjournment may be taken by the Board, the Board shall receive any objections of interested persons and may then or thereafter adopt the Approving Resolution which shall (i) approve the aforementioned plans, specifications, Cost estimates and Tentative Assessment Roll, including method of assessment, with such amendments as it deems Just and right, (ii) repeal or confirm the initial Resolution with such amendments, if any, as may be deemed appropriate by the Board, and (iii) if notice described in subsection (C}(iv) of this Section 4 has been provided to propez~cy owners, authorize or reject the alternative method of collection of Special Assessments described in Section 5 hereof. Special Assessments shall be levied against all property in the applicable Unit specially be;~efitted by the 13 78' improvements. In the event 'khe Board established alternative improvements or methods of assessment in the Initial Resolution, the Board shall provide in the Approving Resolution the description of improvement and method of assessment which shall be utilized. (E) All objections to the Approving Resolution shall be made in writing, and filed with the Cierk at or before the time or adjourned time of such hearing. Special Assessments shall be established upon adoption of the Approving Resolution. The adoption of the Approving Resolution shall be the final adjudication of the issues presented (including, but not limited to, the method of assessment, the Tentative Assessment Roll, the plans and specifications, tbs estimated Cost of the Project, the levy and lien of the Special Assessments, the interest rate the Special Assessments shall bear, and the terms of prepayments of the Special Assessments) unless proper steps shall bs initiated in a court of competent Jurisdiction to secure relief within 20 days from the date of Board action on the Approving Resolution. Notice of the lien of the Special Assessments shall be recorded in the Official Records Book in the office of the Clerk. Such notice shall provide in general the locations of the property which are assessed and direct interested parties to the Tentative Assessment Roll or Assessment Ro11, upon approval thereof. The Tentative Assessment Ro11, as approved by the Approving Resolution, shall be delivered to, and kept by, the Clerk or such other official as the Board, by resolution, deems appropriate. 14 (~) Whenever the Approving Resolution shall have been adopted, as hereinabove provided, or at any time thereafter, the Board may issue Bonds, the principal and interest of which shall be payable from such Pledged Revenues as the Board deems appropriate in the resolution authorizing the issuance of Bonds. Said Bonds shall Mature not later than two years after the last installment in which said Special Assessments may be paid, as provided in Section 6 hereof, and shall bear interest at a race not exceeding the maximum rate provided by law. In addition, the Board may issue Notes, the principal and interest of which may be payable from the proceeds of the Bonds, the proceeds of the Special Assessments, the proceeds of the Notes and such other legally available moneys as the Board deems appropriate. Said Notes shall mature within five years of their issuance and shall bear interest at a rate not exceeding the maximum rate provided by law. The Board may issue Bonds to repay the Notes. The proceeds of the Bonds and Notes, unless otherwise used to refund Bonds or Notes, ehall be used to pay the Costs of the Projects. (G) Within such period of time after the completion of the acquisition or'construction of the Project as may be directed by the County Manager (but In no event more than six months after such completion of the Project), the County Engineer shall prepare the Preliminary Assessment Roll and file the same with the Clerk and the County Manager, which Roll shall contain the following= 15 ,oo, 80 (i) A description of lots and parcels of land or land within the Unit which will benefit from such assessable improvements constituting the Project an~ the amount of such benefits to each such lot or parcel of land. Such lots and parcels shall include the property of the County and any school district, municipality, special district or other political subdivision. There shall also be given the name of the owner of record of each lot or parcel as shown on the Tax Rolls. (ii) The total Cost of the improvement to each benefited lot or parcel. (iii) The method of assessment utilized in determining the Cost of improvements to be assessed to property ovn~ers, including any formulas for dealing with irregular lots, and any assumptions of depth of lots. (H) The Preliminary Assessment Roll shall be advisory only and shall be subject to the ac=ion of the Board as hereinafter provided. Subsequent to the filing with the Clerk of the Preliminary Assessment Ro11, the Clerk shall publish at least once in a newspaper of general circulation, published and circulating in the County, a notice stating that at a meeting of the Board to be held on a certain day and hour, not earlier than 15 calendar days from publication (excluding Saturdays, Sundays and legal holidays), which meeting may be a reqular, adjourned or special meeting, all interested persons may appear and file written objections to the approval of the Preliminary Assessment Roll. Such notice shall describe in general terms the assessable 16 improvements and the location thereof (location may be established by reference to boundaries or a map or by reference to the Unit}, and advise all persons interested that the description of each property to be assessed and the amount to be assessed to each lot or parcel of property may be ascertained at the office of the Clerk. In addition to the published notice described above, the Clerk shall mail at least 15 calendar days prior to the hearing a copy of the notice by first class mail to each property owner proposed to be assessed. Notice shall be ma~led to each property owner at such address as is shown on the Tax Rolls. The failure of the Clerk to mail such not,ce shall not constitute a valid objection to the approval of the Preliminary Assessment Roll. Notice shall be deemed mailed upon delivery thereof to the possession of the U.S. Postal Service. All objections shall be made in writing, and filed with the Clerk at or before the time or adjourned time of the hearing. The Clerk may provide proof of such notice by affidav~t. (I) At the time and place stated in such notice, the Board shall meet and receive the objections in writing of all ~nterested persons as stated in such notice. The Board may adjourn the hearing from time to time. After the completion thereof the Board shall adopt the Final Resolution which shall either annul or sustain or modify in whole or part the preliminary assessment as indicated on the Preliminary Assessment Ro11, either by approving the preliminary assessment against any o~ all lots or parcels described therein or by cancelling, 17 increasing or reducing the same, according to the special benefits which the Board shall decide each lot or parcel has received or will receive on account of such'improvements. If any property which may be chargeable under this Section 4 shall have been omitted from the Preliminary Assessment Roll or if the preliminary assessment shall not have been made against it, the Board may, upon compliance with the procedures set forth in this Section 4, provide for the assessment of such omitted property. The Board shall not approve any Special Assessment in excess of the special benefits to the property assessed, and the Special Assessments so approved shall be in proportion to the special benefits. Upon adoption of the Final Resolution, the Preliminary Assessment Roll shall become the Assessment Roll. The Final Resolution shall provide for the rate of interest which the Special Assessments shall bear. In the event Notes have been issued and are outstanding at the time the Final Resolution is presented to the Board, the Board may establish the rate of interest the ~pecial Assessments are to boar at the rate described in subsection (J)(l) of this Section 4. Forthwith after adoption of the Final Resolution, the Assessment Roll shall be delivered to, and kept by, the Clerk or such other official as the Board, by resolution, deems appropriate; provided, however, issues adjudicated in the Approving Resolution may not be disputed except as provided in subsection (E) of this Section 4. In the event the alternative method of collection of Special Assessments, as described in Section 5 hereof, is utilized by the 18 County, a copy of the Assessment Ro11, together with any changes thereto, shall be delivered to the Property Appraiser and Tax Collector by the Clerk. The Special Assessment so made shall be final and conclusive as to each lot or parcel assessed and the adoption of the Final Resolution shall be the final adjudication of the issues presented unless proper steps be initiated within 20 days of adoption of the Final Resolution in a court of competent Jurisdiction to secure relief. If the Special Assessment against any property shall be sustained or reduced or abated by the court, the Clerk shall note that fact on the Assessment Roll opposite the description of the property affected thereby. The amount of the Speqial Assessment against any lot or parcel which may be reduced or abated by the court, unless the assessment upon the entire Unit be reduced or abated, may by resolution of the Board be made chargeable against the applicable Unit at large, or, at the discretion of the Board, a new Assessment Roll may be prepared and approved in the manner hereinabove provided for the preparation and the approval of the original Assessment Ro11. (J)(i) Except as otherwise provided by resolution of the Board, no prepayments of Special Assessments shall be accepted prior to the adoption of the Final Resolution. Thereafter, any prepayments shall be made only upon payment of applicable interest, including interest included as a Cost of the related improvement, and applicable prepayment premium at the office of the Clerk (or such other official aa the Board shall determine by 19 resolution). The Clerk (or such other official as the Board shall determine by resolution) shall note on the Assessment Roll any prepayments. The Board, by resolution, may determine the time during which prepayments may be made and the amount of interest and prepayment premium payable at the time of payment. If not prepaid, all Special Assessments shall be payable in equal principal installments (unless otherwise provided by resolution of the Board), with interest on the balance at the rate set by the Final Resolution, and, if Bonds are issued pursuant to this Ordinance, and excep: as otherwise provided in Section 6 hereof, at a rate not to exceed two per cent above the true interest cost at which such Bonds are sold (provided the true interest cost on the Bonds may include any ongoing expenses related to the Bonds or collection of the Special Assessments), subject in each case to the provisions of subsection (L) of this Section 4, from the date the Final Resolution is adopted or such other date as the Board may provide by resolution, payable in each of the succeeding number of years which the Board shall determine by resolution, not exceeding 20; provided, however, that the Board may provide by resolution that any Special Assessment may be paid at any time before due, together with any applicable prepayment premium and interest accrued thereon to the date of payment or such later date as shall he determined by the Board by resolution, if such prior payment shall be permitted by the proceedings authorizing any Bonds or other obligations for the payment of which such Special Assessments have been pledged. In 2O the event Notes are outstanding at the time the Final Resolution is presented to the Board, the Board may provide that the Special Assessments shall bear interest at a rate not to exceed two percent above the true interest cost on the Notes until such time as Bonds are issued to repay the Notes at which time the Special Assessments shall bear interest at a rate not to exceed two percent above the true interest cost at which the Bonds are sold (provided the true interest cost on the Bonds or Notes may include any ongoing expenses related to the Bonds or Notes, as the case may be, or collection of the Special Assessments). (ii) All Special Assessments shall constitute a lien upon the property so assessed from the date of adoption of the Approving Resolution, of the same nature and to the same extent as the lien for'general county taxes falling due in the same year or years in which such Special Assessments or installments thereof fall due. Except as otherwise provided by Zaw, such lien shall be superior in dignity to all other liens, titles and claims, until paid. Any Special Assessment or installment not paid when due shall be collectible with such ~nterest and with reasonable costs and expenses incurred by the County and its agents, including attorney fees, in the collection of such delinquent Special Assessments or as a result of such delinquent Special Assessments (including costs paid for draws on a credit facility), by the County or its agents as described in subsection (=)(iii) of this Section 4. 21 86 (iii) The County shall have the right to appoint an agent to foreclose and collect all delinquent Special Assessments in the manner provided by law. A Special Assessmemt shall become delinquent if it ks not paid within 30 days from the date any installment is due. The County or its agent shall cause notice to be sent to any property owner who is delinquent in payment of his Special Assessment installment within 40 days from the date such installment was due. Such notice shall state in effect that the County or its agent shall initiate a foreclosure action within 90 days of the date of the installment due date if it is not paid. Between the ?Sth and 90th day after the due date of the delinquent installment, the County or its agent may declare the entire unpaid balance of the delinquent Special Assessment to be An default and cause such delinquent property to be foreclosed in the method now or hereafter provided by law for foreclosure of mortgages on real estate, or otherwise aS provided by law. Commencing on the 90th day after the due date of the delinquent installment, the County or its agent shall declare the entire unpaid balance of the Special Assessment to be in default and cause the delinquent property to be foreclosed as described above. Any Board action required in the collection of Special Assessments may be by resolution. All costs, fees and expenses, including reasonable attorney fees, related to any foreclosure action as described in subsection (J)(ii) of this Section 4 shall be borne by the delinquent property owner. 22 87 (iv) If prior to any sale of the property under decree of foreclosure in such proceedings, payment is made of the installment or installments which are shown to be due under the provisions of the Final Resolution, and by this subsection (J), and all costs, fees and expenses of the County and its agent, as a result of such delinquent Special Assessment, including reasonable attorney fees and costs for draws on a credit facility, such payment, unless otherwise provided by resolution of the Board, shall have the effect of restoring the remaining installments to their original maturities as provided by the resolution passed pursuant to this subsection (J) and the proceedings shall be dismissed. (v) It shall be the duty of the County and its agent, if any, to enforce the prompt collection of Special Assessments by the means herein provided, and such duty may be enforced at the suit of any holder of Bonds issued under this Ordinance in a court of competent Jurisdiction by mandamus or other appropriate proceedings or action. (vi) The County may Join in one action the collection of Special Assessments against any or all property assessed accordance with the provisions hereof. All delin~uent property owners whose property ks foreclosed shall pay reasonable costs and expenses incurred by the County and its agents, including reasonable attorney fees, An collection of such delinquent Special Assessments and any other costs incurred by the County as a result of such delinquent Special Assessments (including costs paid for draws on a credit facility), end the same shall be collectible as a par~ of or in addition 'to, the costs of the action. (vii) At the sale pursuant to decree in any such action, the County may be the purchaser to the same extent as an individual person or cor~oration. (viii) In the event the Board utilizes the alter~at£ve method of collection of Special Assessments as described in Section 5 hereof, the provisions of this subsection (J) shall be superseded to the extent of any conflict with agplicable law or any agreement between the County and the Proger~y Appraiser or Tax Collector relating to such alternative method. The Clerk shal! provide such information to the Property Appraiser a~d the Tax Collector as shall be necessary to collect the Special Assessments pursuant to such alternative method. (K) If Special Assessments made u~der the provisions of ~his Ordinance to defray tho Costs of the Project shall be deemed by the Board to be inadequate to meet the obligation owed to Bondholders and to pay fees required for credit enhancement on the Bonds, if any, the Board may adjust the payment period of and ~he rate of interest on installment payments of the Special Assessment so that payments of Special Assessments aha11 be suffic~ent to satisfy the contractual obligation owed to Bondholders and the credit enhancement provider. However, such adjustment shall not have the effect of increauing tho Special Assessment of any property, including the effect of increasing 24 the amount of Special Assessment of any prope~y in proportion to ~he amount of benefits conferred on that proper~y. Further, the ~oard, in adjusting the interest rates and' the period of payment of Special Assessments, shall follow the provisions of this Section 4 providing for not~ce and hearing to interested persons and prov~ding for passage of resolutions establishing Special Assessments. (L) If any Special Assessment ma~e under the provisions of this Ordinance to defray the Costs of any Project shall be either iff who~e or £n part annulled, vacated or set aside by the Judgment of any court, or if the Board shall be satisfied that any such Special Assessment is so irregular or defective that the same cannot be enforced or collected, or if the Board shall have omitted to include any property on the Assessment Roll which properly should have been so included, the Board shall take all necessary steps to cause a new Special Assessment to be made against any property benefited by any Project, following as nearly as may be practicable the provisions of this Ordinance and iff case such second Special Assessment shall be annulled, the Board may obtain and make other Special Assessments until a valid $~ecial Assessment shall be made. (M) The Board may pay out of any special fund that may be provided for that purpose such portion of the costs of any Project as it may deem proper. (N) A~y informality or irregular~ty in the proceedings in con~ection with the levy of any Special Asse~.sment under the 25 provisions of this Ordinance shall not affect the validity of the same after the approval thereof, and any'Special Assessment as finally approved shall be competent and sufficient evidence that such Special A~sessment was duly levied, that the Special Assessment was duly made and adopted, and that all other proceedings adequate to such Special Assessment were duly had, taken and performed as required by this Ordinance~ and no variance from the directions hereunder shall be held material unless it be clearly shown that the party objecting was materially injured thereby. No=withstanding the provisions of this subsection (N), any party objecting =o a Special Assessment imposed pursuant to this Ordinance must file an objection with a court of competent Jurisdiction within the time periods prescribed herein. (0) The County may, by resolution, provide a procedure by which the lien of a Special Assessment on property may be apportioned between subdivided parcels of such property. Such apportionment shall be reflected on the Assessment Ro11. The County may establish a different procedure of apportionin~ a Special Assessment lien for each Unit. The County shall not establish a procedure which has a material adverse effect on the security for Bonds issued to finance the Project related to such Special Assessments. SECTION 5. ALTERNATIVE NL"rHOD OF COT~mCTION. As an alternative method to collection by the Clerk as provided in subsection (J) of Section 4 of this Ordinance, the Board may, either at the public hearing held pursuant to subsection (D) of Section 4 hereof or at such other time as it deems appropriate, authorize the collection of the Special Assessments in the manner provided for the collection of ad-valorem taxes. Such alternative method shall be authorized by resolution of the Board and the County shall comply with all applicable provisions of law relating to such alternative method, .including Section 197.363, Florida Statutes, and any successor provision thereto. In the event such alternative method is used by the County, the provisions hereof shall be superseded to the degree of any conflict with applicable law or with any agreement between the County and the Property Appraiser and/or the Tax Collector relating to such alternative method. Special Assessments relating to an individual Project shall be collected either by s the method described in Section 4 hereof or in this Section 5, not by both methods. SECTION 6. ISSUANCE OF BONDS. The Board shall have the power and it is hereby authorized to provide by resolution, at one time or from time to time in series, for the issuance of Bonds of the County for the purpose of paying all or part of the Cost of the Projects. The principal of and interest on each series of Bonds shall be payable from Pledged Revenues. At the option of the Board, the County may covenant to budget and appropriate from non-ad valorem revenue sources identified by the County by resolution or from general non-ed valorem revenues of 27 the County an amount necessary to make up any deficiency in the payment of the Bonds. In anticipation of the sale of Bonds, the County may, by resolution, issue Notes and may renew the same from time to time. Such Notes may be paid from the moneys derived by the County from the sources described in subsection (F) of Section 4 hereof. The Notes shall be issued in the same manner as the Bonds. Bonds and Notes shall be, and 'shall be deemed to be, for all purposes, negotiable instruments, subject only to the provisions of the Bonds and Notes for registration. The Bonds shall be dated, shall bear interest at such rats or rates, shall mature at such times, as may be determined by resolution of the Board, and may be made redeemable before maturity, at the option of the County, at such price or prices and under such terms and conditions as may be fixed by the Board. The Bonds may, at the option of the Board, bear interest at a variable rate. The Board shall determine by resolution the form of the Bonds, the manner of executing such Bonds, and shall fix the denomination or denominations of such Bonds, the place or places of payment of the principal and interest, which may be at any bank or tr~st company within or without the State of Florida, and such other terms and provisions of the Bonds as it deems appropriate. The Bonds may be sold at public or private sale for such price or prices as the Board shall determine by resolution. The Bonds may be delivered to any contractor for payment for his work in constructing a Project or may be sold in such manner and for such price as the Board may determine by resolution to be for the best interests of the County. Prior to the preparation of definitive Bonds of any series, the Board may, under like restrictions, issue interim receipts, interim certificates, or temporary Bonds, exchangeable for definitive Bonds when such Bonds have been executed and are available for delivery. The Board may also provide for the replacement of any Bonds which shall become mutilated, or be dastroyed or lost. Bonds may be issued without any other proceedings or the happening of any other conditions or things than those proceedings, conditions or things which are specifically required by this Ordinance. The County may issue Bonds for Projects in different Units pursuant to a single resolution, provided such resolution identifies each Project to be financed and the Unit in which it is located. The County may, at its option, issue Bonds bearing a variable rate of interest, whereupon the interest rate and installment payments applicable to Special Assessments shall be subject to adjustment as provided by resolution of the Board. In such event, the County may impose on such annual installment payments such rate of interest as shall not exceed the maximum amount permitted by subsection (J)(i) of Section 4 hereof as shall be determined on the 15th day prior to the date the bill for such annual installment is mailed by the County. If amounts of interest collected by the County exceed, in the aggregate, the 29 amount of interest that would have been collected if interest was imposed at the maximum rate permitted to.be charged on Special Assessments as provided in subsection (J) (i) of Section 4 hereof, the excess amounts shall be credited to the next installment or be returned to the proper~y owners who paid such amounts, as provided by resolution of the Board. If the amounts of interest collected by the County are less, in the aggregate, than the amount of interest that would have been co!lected if interest was imposed at the maximum rate permitted to be charged on Special Assessments as provided in subsection (J)(i) of Section 4 hereof, such deficiency may be imposed as a surcharge on the next installment. SECTION ?. TAXING POWE~NOT PLEDGED. Bonds issued under the provisions of this Ordinance shall not be deemed to constitute a pledge of the faith and credit of the County or the Units, but such Bonds shall be payable from Pledged Revenues in the manner provided herein and by the resolution authorizing the Bonds. The issuance of Bonds under the provisions of this Ordinance shall not directly or indirectly obligate the County or the Units to levy or to pledge any form of ad valorem taxation whatever therefor. No holder of any such Bonds shall ever have the right to compel any exercise of the ad valorem taxing power on the par~ of the County or the Units to pay any such Bonds or the interest thereon or to enforce payment of such Bonds or the interest thereon against any property of the County or the Units, nor shall such Bonds constitute a charge, lien or encumbrance, 3O legal Or equitable, upon any property of the County or the Units, except the Pledged Revenues. SECTION 8. FUNDS. The Pledged Revenues received pursuant to the authority of this Ordinance shall be deemed to be funds held for the benefit of Bondholders, to be held and applied solely as provided in this Ordinance and in the resolution authorizing the Bonds. SECTION 9. REMEDIES OF BONDHOLDERS. Any holder of Bonds, except to the extent the rights herein given may be restricted by the resolution authorizing issuance of the Bonds, may, whether at law or in equity, by suit, action, mandamus or other proceedings, protect and enforce any and all rights under the laws of the state or granted hereunder or under such resolution, and may enforce and compel the performance of all duties required by this part, or by such resolution, to be performed by the County. SECTION 10. AL-~-r~u~AT~ I'~"rHOD. This Ordinance shall be deemed to provide an additional and alternative method for the doing of the things authorized hereby and shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any powers now existing or which may hereafter come into existence. This Ordinance, being necessary for the welfare of the inhabitants of the County, shall be liberally construed to effect the purposes hereof. 31 96 SECTION ll. NO REFERENDUM REQUIRED. No referendum or election in the County shall be required for the exercise of any of the provisions of this Ordinance, unless such referendum or election is required by the Constitution of the State of Florida. SECTION 12. REFUNDING BONDS. The County may, by resolution of the Board, issue Bonds to refund any Bonds issued pursuant to this Ordinance and provide for the rights of the holders hereof. Such refunding Bonds may be issued in an amount sufficient to provide for the payment of the principal of, redemption premium, if any, and interest on the outstanding Bonds to be refunded. In the event the principal amount of the refunding Bonds shall be greater than the outstanding principal amount of the Bonds to be refunded, the Board may increase the assessments which secure such refunding Bonds up to an amount not to exceed the difference between the respective principal amounts of the refunding Bonds and the outstanding refunded Bonds; provided notice to the affected property owners is given in accordance with the notice provisions of Section 4 hereof and a public hearing is held by the Board. SECTION 13. SAVINGS PROVISIONS. Except as otherwise provided by the resolution or ordinance of the Board establishing a unit, the provisions of this Ordinance shall apply to all Units hereinafter established by the County in which Special Assessments shall be levied by the County to pay for the Costs of Projects constructed or acquired therein and the provisions hereof shall supersede, but not repeal, the provisions of any 32 ordinance (including ordinance No. 75-14) or resolution to the extent of any conflict herewith. Units which have heretofore been established by the County and which have not heretofore levied and imposed 'Special Assessments shall, unless otherwise provided by resolution of the Board, levy and impose Special Assessments in accordance with the provisions hereof and the provisions of Sections i and 3 through 12 hereof shall be applicable for such Units. In the ca~e of Units established by Ordinance Nos. 81-94, 85-13 and 85-39 the Board shall determine, by resolution, whether Special Assessments levied and imposed in each such Unit shall be made pursuant to this Ordinance or the assessment procedures heretofore enacted by the Board in regard to such Units (Ordinance Nos. 85-32, 86-40 and 85-39, respectively); such assessment procedures shall be superseded by the procedures provided in this Ordinance if the Board determines by resolution to utilize this Ordinance. The Board hereby ratifies the creation and establishment of all Units heretofore established and the levying and imposition of all assessments heretofore levied within such Units. SECTION 14'. SEVERABILITY. The provisions of this Ordinance are severable; and if any section, subsection, sentence, clause or provision is held invalid by any court of competent jurisdiction, the remaining provisions of this Ordinance shall not be affected thereby. 33 98' m ~ ~{mm~m SECTION 15. EFFECTIVE DATE. This Ordinance shall take effect as provided by law. AND ENACTED in Regular Session, thi~day of~_~, 1958. (SEAL) · ATTEST: ,. Appro'v'e'd as to form and legal sufficiency: eth B. Cuyler~" County Attorney BOARD OF COUNTY COMMISSIONERS OF COI~LIER COUNTY, FLORIDA Arnold Lee Glass, Chairman 34 m STATE OF FLORIDA ] COUNTY OF COLLIER ) I, JAMES C. GILES, Clerk of Courts in and for the Twentieth Judicial Circuit, Collier County, Florida, do hereby certify that the foregoing is a true copy of: Ordinance No. 88-23 which was adopted by the Board of County Commissioners on the 23rd day of February, 1988, during Regular Session. WITNESS my hand and the official seal of the Board of County Commissioners of Collier County, Florida, this 24th day of February, 1988, JAMES C. GILES Clerk of Courts and Clerk , .. Ex-officio to Board of ,,-' ' By: Vlrgtnta Magrt Deputy Clerk