Nine voter-approved debt service millage rates

1:26:47I will now provide a summary of the nine voter-approved debt service millage rates. These millage rates are levied to repay the debt service for the general obligation bonds to include two tranches each for the jail projects, the parks and recreation projects, and the libraries projects, as well as three tranches for the fire rescue project. The nine individual millage rates are listed on Table One in your handout. Rather than read this chart into the record, we have provided copies to each commissioner, board records, and members of the audience. The total of the nine voter-approved debt service millage rates

1:27:17is 0.2401 MILS. This is a decrease of 0.0316 MILS from the 2024 actual millage rates of 0.2717 ML. I ask the board to accept public comment and then vote on each debt service millitrate. There is no vote requirement for these millages, so a simple majority or three votes is needed.

1:27:37Okay. Does anyone wish to speak to this item?

1:27:43Yeah. So you know one? Oh hold on.

1:27:48There for general obligation bond, millage rates.

1:28:00Brian on file, Brian Paris on file. Um I think we should actually fund the parks over the libraries myself personally. Most people can get books online these days. More people I see using the parks to exercise and you know, just to get out and you get you know, people need that. That's a good mental break just to be able to hear the birds

1:28:21This is bonded indebtedness. This is not their budget. It's not a budget.

1:28:29This is this is the voter approved bonds that went to libraries, parks, fire rescue, and jail.

1:28:37So it's not about raising the millage then? It's not one that we approve. Okay, well either way, we should still fund parks over libraries. I mean

1:28:46We're past that. Okay, well whatever then. I'm I'm sorry, sir Next year. Thank you.

1:28:53Okay. Uh

1:28:56All right. So so for purposes of the audience. This is the the four voter approved general obligation bonds that the that the board That voters approved, the board took the Two funded these projects with bonded indebtedness This is paying back those bondholders that gave the county the money. at the millage rates that were necessary um

1:29:27based on the dollars that were received. So it it is it is an obligation of the board Two Basically pay off their car loan on these projects.

1:29:39And I believe this was in two thousand eighteen.

1:29:43They were all issued at the the the public approved it in 2018 and the years that are on this are the actual tranches of funding that were taken incrementally to fund projects, whether they were in parks, whether they were the jail, whether they were fire rescue.

1:30:04think we got the greatest. citizens in in Pasco County because They all approved these By vote. To the public and It wasn't something we did, it was something they did. And They love our county just as well as we do. I we got the best citizens over in Pasco.

1:30:23All right, so

1:30:25Just um can I have um Our um County Manager Mike, can you explain uh to the public that uh we are putting some money in parks? It's just not in the form of an MSTU?

1:30:37Yes, um yes, Commissioner. So as part of the budget when when the parks MSTU in its current form failed and the board wants to take this up next year, um, you know, to to kind of look at look at alternatives to it, uh we we did make sure that we restored money. That we would have reallocated back to the parks budget. So uh while it's not not probably nearly what would have been generated under the parks MSTU, it still restores the parks budget to where it was to make sure that there isn't a a reduction in where we are. And that was about

1:31:071.3 million. So about a million to do uh restorative capital type type projects through our parks, as well as another $300,000. Uh, we're not going to be able to do parks maintenance.

1:31:16Okay. Thank you for clearing that up. I just wanted the public to know that there is money going to parks. But not that there was gonna be eight million a year.

1:31:25We we also got a parks impact fee approved. That when the new homeowner or new person moves in and they bring their kids and they're adding kids to all the fields. We have an impact fee with parks. That will help build those fields in the future. So in the future On the short term we're gonna be a little short of maintenance, but in the future we've gonna gotta readdress that one day. But we are g gonna get in the money of people that don't live here right now will

1:31:55be paying for the new parks.

1:31:57Yes, sir, that's correct. The board the board adopted a higher impact fee to assess new development uh for the investment in parks that's reflected in the parks capital program that that has been adopted with with budget.

1:32:09There were some folks worried about that when when we were getting answer or questions.

1:32:14One comment. And also just looking out for the citizens because we heard you and we did not want a uh parks tax and a road tax. So we took that into consideration as well.

1:32:29Okay. All right, is there a motion to adopt a millage rate of Zero point zero Two, five, six miles for the twenty nineteen A Jail facility bond. Move pool.

1:32:46Second.

1:32:46I got a motion second. All those in favor say aye. Aye. Um Those Uh Navotes, same sign. Hearing none, it passed five zero. Is there a motion to adopt the mileage rate of Zero point zero two zero four mils for the twenty nineteen B Fire rescue bond.

1:33:11No pro Voted. Second.

1:33:13Got a motion and second. All those in favor say aye. Aye. Aye. All opposed, like, sign. Motion passed five zero. Okay. Is there a motion to adopt a millage rate of zero point zero zero nine six mills for the twenty nineteen C parks, recreation, and natural resources bond?

1:33:37So move. Second.

1:33:39We got a motion in a second. All those in favor say aye.

1:33:42Aye.

1:33:43Those opposed, like sign. Hear none. Motion pass 5-0. Uh is our motion to adopt the middle rate of Zero point Zero zero nine four mils for the twenty nineteen D. Uh Libraries Bond. So move. I got a motion second. All those in favor say aye. Aye.

1:34:07Aye.

1:34:07All opposed like sign. Hearing nine. Motion passed five zero.

1:34:13Is there a motion to adopt a millage rate of zero point zero Four one six mills for the Twenty twenty A fire rescue bond.

1:34:27No problem.

1:34:29Okay, I got a motion and second. All those in favor say aye. Aye. All opposed like sign. Hearing none. Motion passed 5-0. Is there a motion to adopt a millage rate of zero Point zero

1:34:47Zero one eight seven mils.

1:34:50Is that right? Zero point zero zero eight seven. Oh, okay.

1:34:55Zero point zero zero eight seven mils for the Twenty twenty one A Libraries Bond.

1:35:03Second.

1:35:04Got a motion and a second. All those in favor say aye.

1:35:06Aye.

1:35:07All opposed, like, sign, hear none. Motion passed 5-0. Is there a motion to adopt a millage rate of zero point one zero seven three mills for the Twenty Twenty one B jail bond.

1:35:25So move. Second.

1:35:26Got a motion second. All those in favor say aye.

1:35:29Aye. Aye. Aye.

1:35:30All opposed, like sign, hearing none. Motion pass 5-0. Is there a motion to adopt a Millage rate of zero point zero one three one mills for the twenty twenty two A. Parks, Recreation, and Natural Resources Bond.

1:35:48So moved. Second.

1:35:49Got a motion and a second. All those in favor say aye.

1:35:52Aye. Aye.

1:35:53All it Those that opposed like sign. Hearing none. Motion passed. Five zero. Is there a motion to adopt a middle rate of Zero point zero zero four four mils. For the twenty Twenty four A. Fire rescue bond.

1:36:14Should I move? Second.

1:36:16Motion is second. All in favor say aye. Aye. Aye. All opposed, like sign. Hearing none. And motion pass five zero.