State Will Cover Entire $50 Million Should Scott Approve Deal
- Naked Conch - Posted by Matt Gardi - March 29, 2012
Roman Gastesi was kind enough to spend some time recently at the Sugarloaf Homeowners Association, along with Monroe County Commissioner George Nuegent. At the presentation before approximately fifty conerned citizens, Gastesi elaborated on the most recent sewer funding initiatives.
After having seen news coverage that the State's proposal may have only been intended to cover the first year of the proposed $50 Million dollar bond issue, which ultimately may have left Monroe County holding the bag, Gastesi assured residents that the entire bond issue will be backed by the State for the full duration. The intention appears to be to use real estate doc filing fees to cover the subsequent years payments.
This was good news to many, whose concerns still centered around special assessments that will still need to be administered along with estimated sewage hook up fees. However, the plan did seem feasible, with precautions being taken to allow for the project to back track should any funding source evaporate.
While there still seemed to be many potential pitfalls to the entire funding obligation, risk to County government exposure did appear to be minimized in the event of any set back such as voters not approving an extension of the dedicated sales tax. All eyes will be on Governor Scott who could strike the proposed $50 million bond issue from the budget in he coming days.
- Naked Conch - Posted by Matt Gardi - March 29, 2012
Roman Gastesi was kind enough to spend some time recently at the Sugarloaf Homeowners Association, along with Monroe County Commissioner George Nuegent. At the presentation before approximately fifty conerned citizens, Gastesi elaborated on the most recent sewer funding initiatives.
After having seen news coverage that the State's proposal may have only been intended to cover the first year of the proposed $50 Million dollar bond issue, which ultimately may have left Monroe County holding the bag, Gastesi assured residents that the entire bond issue will be backed by the State for the full duration. The intention appears to be to use real estate doc filing fees to cover the subsequent years payments.
This was good news to many, whose concerns still centered around special assessments that will still need to be administered along with estimated sewage hook up fees. However, the plan did seem feasible, with precautions being taken to allow for the project to back track should any funding source evaporate.
While there still seemed to be many potential pitfalls to the entire funding obligation, risk to County government exposure did appear to be minimized in the event of any set back such as voters not approving an extension of the dedicated sales tax. All eyes will be on Governor Scott who could strike the proposed $50 million bond issue from the budget in he coming days.
No comments:
Post a Comment