North Port commissioners direct staff to place $115M police headquarters, $31M infrastructure borrowing on May 13 special election

The North Port City Commission on Monday gave staff direction to place two borrowing questions on the May 13 special election ballot: authorization to borrow $115,000,000 to finance a new police headquarters and authorization to borrow up to $31,000,000 for three identified infrastructure projects.

City Manager Fletcher outlined the police headquarters proposal and financing scenarios during a general-business presentation. He described a 108,000-square-foot design with optional space that staff says would serve projected needs through 2065. “If you borrowed the $115,000,000 model ... that would total out to a $121 annually or $0.33 a day for the taxpayer,” Fletcher said. The staff presentation assumed a household illustrative value of about $246,400 for display of estimated tax impacts and explained alternate packages that mix millage-supported bonds…