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Winter Springs committee forwards NBS assessment study to City Commission to set higher maintenance cap
Summary
The Tuscarawela maintenance committee voted to forward an NBS assessment study recommending a one-year increase to a 255.2 ERU cap so the district can begin five years of capital repairs and build a reserve, after hearing that the maintenance fund is nearly $300,000 short and has no reserves.
The Tuscarawela maintenance committee in Winter Springs voted to forward an outside assessment by NBS to the City Commission recommending a temporary increase to the district's assessment cap, a measure intended to fund deferred landscaping and fountain repairs and to rebuild a small reserve.
Holly, a city staff member who presented the NBS report, told the committee the consultant consolidated five years of needed capital projects and smoothed the costs over that period. "This equates to an ERU of 255.2," Holly said, describing how the study converts project costs to equivalent residential units.
The recommendation comes after committee members described long-term underfunding.…
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