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Commission approves HEART CIP, stormwater and street‑lighting assessments and authorizes refunding bonds
Summary
At its Aug. 20 meeting the board approved the HEART CIP allocation, set stormwater assessments with no rate increases, adopted revised street‑lighting district rates, and authorized up to $55 million in refunding bonds to produce estimated net present‑value savings of about $2.4 million.
The Hillsborough County Board of County Commissioners approved several consent items and public hearings on Aug. 20 that affect transportation and assessments.
Josh Belotti presented three public hearings: D1 (HEART CIP FY2026–2030), where the board appropriated up to $56,054.10 in transportation impact fees over five years for eligible capital projects and approved the CIP list (7–0); D2 (stormwater non‑ad valorem assessment rates) where staff recommended no rate increases and the board adopted the resolution for calendar year 2025 (7–0); and D3 (street‑lighting assessment rates) where the county updated rates for nearly 800 street‑lighting districts based on refined cost‑of‑service mapping; the board adopted the revised assessments (7–0) after public comment about individual increases.
Separately, management budget staff presented item B3: authorization of authorizing and supplemental resolutions to issue up to $55 million in capital improvement non‑ad valorem refunding revenue bonds (Series 2025) to refund Series 2015 community services tax revenue bonds; projected net present value savings were about $2.4 million. The board approved the related delegations and documents (7–0).
Why it matters: these votes update multi‑year capital plans, keep stormwater rates flat for 2025, rebalance street‑lighting assessments based on service costs and allow the county to refinance prior debt for budgetary savings.
What’s next: staff will implement the adopted CIP and assessment schedules and execute bond documents per the delegated authority.
