AGENDA REPORT
DATE: June 24, 2024
TO: City Commission
FROM: Bill McDaniel, City Manager
SUBJECT: Hold a Public Hearing on the Proposed List of CIT Projects
EXECUTIVE SUMMARY:
Hillsborough County Board of County Commissioners adopted Ordinance No. 24-3 to place a referendum on the November 5, 2024 ballot to renew the one-half percent infrastructure surtax levy beginning December 1, 2026 through December 31, 2041 (Community Investment Sales Tax). The proceeds will be distributed by the Hillsborough County Clerk to the School Board, Hillsborough County and the three municipalities.
The following requirements are due by August 1, 2024:
1. Enter into an interlocal agreement with all participants,
2. Publish a list of proposed projects, (completed on June 11, 2024)
3. Hold a public hearing to solicit citizen comment on the proposed list, and
4. Adopt a resolution identifying the specific projects.
The attached list provides details regarding the proposed capital expenditures:
• Public Facilities - Community Centers and related infrastructure
• Public Safety - Law Enforcement facilities, vehicles, and equipment
• Public Safety - Fire Rescue facilities, vehicles, and equipment
• Transportation - infrastructure including intersection safety and mobility multi-use trails, and corridor congestion relief
• Parks and Recreation - parks, ballfields, playgrounds, and recreation amenities
RECOMMENDATION:
That the City Commission hold a public hearing on a resolution approving the proposed projects to be funded with one-half percent infrastructure surtax.
FISCAL IMPACT:
Based on County projection of 2.2% of the total revenue, Plant City could receive $78,775,841 over fifteen years.
Prepared by: Diane Reichard, Chief Financial Officer