Charlotte County Beach Funding Plan FUNDING WORKSHOP 4 Tringali Park & Recreation Center July 27 & 29, 2017 PETER A. RAVELLA, PRINCIPAL PAR CONSULTING, LLC

I. Introduction

Charlotte County Funding Workshop Attendance   In-Person Online Workshop 1 – October 10 & 11 31 Workshop 2 – December 1 & 3 96 20 Workshop 3 – January 19 & 21 104 21 Workshop 4 – July 27 & 29 TBD Total 231 41

Welcome to Our Online Folks We have about 30 people on-line Online comments or questions can be submitted to us through the web portal. Lillian Johnson is online to help. During the discussion, we will do our best to repeat questions and comments for those online.

How You Can Participate Attend the workshops and follow along on www.parccoastal.com/manasota View workshop presentations Ask questions on the website Call Us: Peter: 512-784-3565 Lilli: 512-968-6816 Tyler: 805-340-9469 Email us – see the website for contacts

II. County Erosion Control Program

County Shoreline Program A Comprehensive Effort to Manage and Maintain the County’s Beach and Shoreline Assets Three Components: Manasota Key Beach Nourishment Stump Pass Management & Maintenance Don Pedro – Knight Island Beach Nourishment

Stump Pass Project Dredging Terminal Groin (North side of Pass) Four-year dredging cycle Remove about 200,000 cubic yards per cycle Place sand north & south of the pass Beginning 2017 Terminal Groin (North side of Pass) One-time project cost Eligible for State Cost Share at 39%

Don Pedro-Knight Island Project South Beach Fill Nourishment every 8 years About 260,000 cubic yards of sand Off-shore sand source Integrated with and part of the Manasota Key Beach Nourishment Program Augmented by sand from Stump Pass Dredging Eligible for State Cost Share at 39%

Manasota Key Project Initial Beach Nourishment Beach Renourishment Place 570,000 cubic yards of sand One-Time hardbottom mitigation Off-shore sand source Integrated with and part of the DP-KI Beach Nourishment Program Beach Renourishment Every 8 years About 428,000 cubic yards of sand Eligible for State Cost Share at 39%

III. Estimated Project Costs over 30 Years

30 Year Stump Pass Management Cost Costs are Conceptual Estimates and are under Refinement

30 Year Stump Pass Management Cost

30 Year Manasota Key Project Cost Costs are Conceptual Estimates and are under Refinement

30 Year Manasota Key Project Cost

30 Year Don Pedro-Knight Project Cost Costs are Conceptual Estimates and are under Refinement

30 Year Don Pedro Knight Project Cost

IV. Proposed Funding Recommendation

Our Objective Develop a stable, financial foundation to support the Charlotte County Erosion Control Program Manasota Key Beach Nourishment Stump Pass Management & Maintenance Don Pedro-Knight Island Beach Nourishment Engage the community Develop a recommendation to the county

Recommended Funding Strategy Secure 39% State Contribution Commit $1.65 million/year in County-Wide Matching Funds Maintain Existing West County MSTU Unchanged Establish new Don Pedro-Knight Island MSBU for DP-KI Nourishment to raise $500,000/year Establish new Manasota Key MSBU for MK Nourishment to raise $1.15M/year

Stump Pass Funding – No Change Integrated Shoreline Management MSTU, Ordinance No. 2016-045 (hereinafter the West County MSTU) Keep the West County MSTU as is No Change in MSTU Boundary No Change in MSTU ad valorem tax rate of$19.78/$100,000 value No Change in Use of Funds – dedicated to Stump Pass

Beach Nourishment Funding County-wide funds will provide dollar-for- dollar match for new MSBU revenue on Manasota Key and Don Pedro-Knight Island New MSBU Revenue/Yr County Matching Funds/Yr Total Funding Don Pedro-Knight Island $500,000 $1 Million/year Manasota Key $1.15 Million $2.3 Million/year

Overall Proposed Local Funding Plan Schematic State Share of 39% is Not Shown. County-Wide Matching Funds are Used to Match New MSBU Revenue

Overall Funding Contributions State and Local Sources Revenue Source Percent of All Funds State of Florida 39% County-Wide Matching Funds 24% New Manasota Key MSBU 17% New Don Pedro-Knight Island 7% Existing West County MSTU 13% Total 100%

Local Funding Contributions Expected Revenues and Percent Local Fund Source Annual Contribution Percent of Local Funds County-Wide Matching Funds $1,650,000 39% New Manasota Key MSBU $1,115,000 27% New Don Pedro-Knight MSBU $ 500,000 12% Existing West County MSTU $ 900,000 21% Total 100%

County Matching Revenue

V. New MSBUs – Basic Framework Manasota Key MSBU And Don Pedro-Knight Island MSBU

MSBU Funding Model Concept Would apply to New Manasota Key MSBU New Don Pedro- Knight Island MSBU All island properties would be included Beachfront Assessment Factors Length of Beach (1 point for every 10 feet) Lot Size (1point for every 0.1 acres) Number of Dwelling Units (1 point per unit) Off Beach Parcels Contribute A Pro Rata Share

MSBU Revenues for Beach Nourishment: MK and DP-KI New MSBU Revenue/Yr County Matching Funds/Yr Total LOCAL Funding Don Pedro-Knight Island $500,000 $1 Million/year Manasota Key $1.15 Million $2.3 Million/year

MSBU Benefits and Allocation Total Annual MSBU Revenue Beachfront Allocation for Storm Damage Reduction (60%) Based on Points All Property Allocation for Recreational Opportunity (40%) Pro rata Shares Don Pedro- Knight MSBU $500,000 $300,000 $200,000 Manasota Key MSBU $1,150,000 $690,000 $460,000

Preliminary Assessment Average Includes SDR Assessment on Beachfront Plus the Recreational Opportunity Assessment Estimated Off-Beach Assessment: Manasota Key - $215/yr DP-KI - $165/yr (Plus or minus $25) Off-Beach Commercial Properties will Pay More than Off-Beach Residential properties

Preliminary Assessment Average Includes SDR Assessment on Beachfront Plus the Recreational Opportunity Assessment Estimated Off-Beach Assessment: Manasota Key - $215/yr DP-KI - $165/yr (Plus or minus $25) Off-Beach Commercial Properties will Pay More than Off-Beach Residential properties

Pending MSBU Refinements Complete analysis of commercial properties within each MSBU (20 on MK, 3 on DP-KI) Complete analysis of common area properties within each MSBU Update and verify project and implementation costs Verify pro rata share for Recreational Opportunity Benefit

Next Steps – Over 60 Days Accept public input on the new funding plan PARC to release MSBU assessment spreadsheets for Manasota Key and Don Pedro Knight Island in August Accept public input of MSBU assessment spreadsheets & revise as warranted Prepare PARC final report to County for consideration

Your Input Matters: Follow the County Beach Funding Process and Plan www.parccoastal.com/manasota

Open Discussion PARC