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Commission gives staff consensus to prioritize pay-as-you-go financing for new transfer station
Summary
After lengthy discussion of cost, timing and options, commissioners directed staff to prioritize non-ad valorem pay-as-you-go assessments for a solid-waste transfer station and to forego public-private partnership models, per consensus.
The City Commission directed staff by consensus Sept. 8 to prioritize a pay-as-you-go financing strategy using non-ad valorem assessments to fund a planned solid-waste transfer station and to discontinue further pursuit of a public-private partnership (P3) proposal.
Public works staff and financial advisers outlined three broad funding approaches for the transfer station—self-funded pay-as-you-go assessments, certificates of participation (COPS), and a P3 arrangement—showing tradeoffs between speed, long-term cost and control. City staff recommended Option 1A: a one-year non-ad valorem assessment that would bill developed and vacant residential parcels a one-time fee of $160 and…
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