Various Finance Options Flashcards
State the 4 steps for County to impose special assessments for w/ww.
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Does O pay interest free? When? What is interest otherwise (2 instances)?
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Pursuant to what statute?
FINANCING
(1) Publish resolution.
(2) 10 day notice
(3) PH
(4) 10 days O must appeal to court
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(1) Yes, 0% int if O pays w/i 30 days.
(2) 8% thereafter.
(3) If County pd w/ bond, charge 1% over.
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153. 05.
What Chapter & what kind of financing can LG use for Community Redevelopment?
FINANCING ----------- 163. ----------- May issue bonds & tax increment.
If LG wants to address slum/blight or affordable housing, what is first step?
FINANCING
- 355 requires finding of NECESSITY via resolution w/ legislative findings that slum/blight or affordable housing is necessary in interest of H,S,W.
What is a CRA?
FINANCING ----------- Public body corporate & politic. ----------- 163.356
What 3 mechanisms can CRA use to finance community redevelopment?
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What (non-finance) is specifically NOT permitted?
FINANCING ----------- (1) Bonds, (2) Tax Increment, (3) Spec Ass. ----------- Eminent domain.
FINANCING ----------- What 2 things must County do if its CRA extends into a muni? ----------- Who is in charge of that CRA?
FINANCING
(1) Get muni permission.
(2) Put council mbr on board.
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(3) County remains in charge.
Can Munis act extraterritorially?
#1) 159 INDUST DEVELOP FIN ACT. Econ dev is in best interest of state w/o regard to boundaries.
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#2) 180 MUNI WORKS but not into another muni & can’t encroach into served area
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#3) 166.0495. By interlocal can K w/ adjacent Muni to perform LEO w/ ADJACENT Muni in SAME COUNTY.
What DEP special districts can Counties form?
SPEC DIST
- Indig healthcare (154.331).
SPECIAL ASSESSMENT ----------- TRUE OR FALSE ----------- Chapter 170, Florida Statutes, is the only method by which cities and counties may levy special assessments and issue special assessment bonds.
SPECIAL ASSESSMENT ----------- FALSE ----------- COUNTIES (a) Ch 153 - spec ass + bonds for water/ww (b) Ch 125 - pass ordinance (c) Home Rule [Chrt: not inconst/N-C: as provided]
MUNIS (a) Ch 170 (b) Home Rule - pass Ordinance. [govtl, corp, proprietary pwrs to conduct govt, perform functions + service, an exercise any pwr for municipal purposes except as otherwise provided by law.] ---------- 197.3632 place on tax bill
Do Munis have Home Rule authority to impose taxes &, thus, assessments extraterritorially?
If obligated by law to provide pub works extraterr, may impose when extraterr O connects.
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Munis possess no home rule power to levy A-V tax.
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Pwr comes from Art. 7, sec 1(a) + 9(a).
Pwr implemented by 166.201 + 166.211.
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Assessments are a peculiar form of taxation which is not authorized past muni borders.
Do LGs have home rule power to levy A-V tax?
TAXATION ----------- No! Tax pwr comes from Art. 7, sec 1(a) + 9(a). ----------- Pwr implemented by 166.201 + 166.211.
State the 6 things we know about how COUNTIES can act & finance those actions.
COUNTIES
(1) Ch 153 - SA + bonds unincorp water/ww dists.
(2) Ch 125 - pass ord.
(3) HR [Chrt: not inconst/N-C: as provided].
(4) 125.045 - County econ dev pwrs EXTRA
MAINTAIN & finance
(5) 190 - Create Comm Redev (INDEP) District. AV tax 3 mills w/ referendum + SA to MAINTAIN & finance
(6) 197.3632 place SA + MSTU/BUs on tax bill
State the 5 things we know about how MUNIS can act & finance those actions.
MUNIS
(1) Ch 170 - S.A., Muni infra only, no counties.
(2) Ch 180 - SA, pub wrks, not into another muni or encroach on existing service.
(3) HR - perform functions + service, an exercise any pwr for municipal purposes except as otherwise provided by law.]
(4) 166.0495 - LEO interlocal adjoin + same county
(5) 197.3632 place SAs on tax bill
VARIOUS FINANCE ----------- Summarize what we know: 6 ways County can act/finance. 5 ways City can act/finance.
- —- COUNTIES —–
(1) Ch 125 - pass ordinance, not inconsistent & as is provided;
(2) Sec. 125.045 - County economic development powers;
(3) Ch 153 - SA + bonds unincorp water/ww dists.
(4) 189 - Special District;
(5) 190 - Create Comm Development District. AV tax 3 mills w/ referendum + SA to MAINTAIN & finance
(6) 197.3632 place SAs + MSTU/BUs on tax bill - —- MUNIS —–
(1) HR - perform functions + service, an exercise any pwr for municipal purposes except as otherwise provided by law.]
(2) 166.0495 - LEO interlocal adjoin + same county
(3) Ch 170 - alternative S.A., muni infra only;
(4) 180 - extraterr, not into another muni or encroach on existing service;
(5) 197.3632 place SAs on tax bill
State INDEPENDENT Special Districts that can be created & the gist of their powers.
1) 190 - Comm Development District.
(a) AV tax 3 mills w/ referendum
(b) SA to MAINTAIN & finance
(c) 2.5k ac or less, form by County
(d) 2.5k ac or more, form by Legis.
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2) Hospital? Indigent? Children’s?»_space; dep?
