Subject:
Title
Adoption of the Save Our Indian River Lagoon Project Plan 2020 Update unanimously recommended by the Save Our Indian River Lagoon Citizens Oversight Committee
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Fiscal Impact:
The recommended plan update recognizes an $8 million increase in total revenues to be generated by the Save Our Indian River Lagoon Surtax over its 10-year life (from $488 million to $494 million) and allocates $55,500,516 of previously unallocated revenue to projects. The increased allocation is broken down as follows:
* $0.6 million for wastewater treatment plant upgrades to reduce nutrients in reclaimed water;
* $3.1 million for nutrient reductions at wastewater infiltration basins and spray-fields;
* $0.5 million for smoke testing to find leaks in public and private sewer infrastructure;
* $28.1 million for additional septic to sewer projects;
* $7.7 million for upgrades to advanced septic where sewer service is not available;
* $8.1 million for new priority stormwater treatment projects;
* $1.9 million for muck removal;
* $3.1 million for treating interstitial water during muck removal; and
* $2.6 million as 5% contingency for the increased project allocations.
After accounting for actual collections to date, assuming 1.8% growth in revenue over the remaining life of the tax, allocating an additional $55.5 million in the 2020 update, and incorporating a 3.25% construction index rate for projects, $6 million remains unallocated and available to offset economic uncertainty or fund future project opportunities.
Dept/Office:
Natural Resources Management
Requested Action:
Recommendation
Adopt the Save Our Indian River Lagoon Project Plan 2020 Update, as recommended by the Save Our Indian River Lagoon Citizen Oversight Committee (Oversight Committee) on January 17, 2020, and authorize associated budget change requests for the current fiscal year.
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Summary Explanation and Background:
Each year, in order to account for new information and opportunities, the Save Our ...
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