HomeMy WebLinkAboutPresentation R9 AH Funding for stormwater capital programCritical Infrastructure
Funding
John C. Norris
Director –Public Works
City Commission
June 24, 2026
GovRates
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Consultants for Governments
www.govrates.com
Combined % of Median
Fiscal Effective Bill for SFR Total Cost Household
Year Date Customer [1]Amount %Per Gallon [2]Income [3]
Existing 138.41$ 2.3%
2027 10/1/2026 153.73 $15.32 11.1%3.1¢2.5%
2028 10/1/2027 168.11 14.38 9.4%3.4¢2.6%
2029 10/1/2028 183.04 14.93 8.9%3.7¢2.8%
2030 10/1/2029 196.49 13.45 7.3%3.9¢2.9%
2031 10/1/2030 210.50 14.01 7.1%4.2¢3.0%
2032 10/1/2031 216.66 6.16 2.9%4.3¢3.0%
Increase in SFR
[1] Assumes 5,000 gallons of water and sewer monthly usage. Does not include future pass-
through adjustments for increases in wholesale rates from Miami-Dade County.
[2] Total bill divided by 5,000 gallons.
SFR = Single Family Residential
[3] Assumes annual 3% cost of living salary increases throughout the Forecast Period
Customer
Monthly Bill
Combined Utility Bill for Single Family Residential Customer
Utility Rate Adjustments Only
(Presented to FERC April 2026)
Option 1 (RECOMMENDED) - G.O. Bond
Funding for Stormwater / Utility Rate
Adjustment for Water and Sewer
Option 1 (RECOMMENDED) - G.O. Bond
Funding for Stormwater / Utility Rate
Adjustment for Water and Sewer
2027 2028 2029 2030 2031 2032 2033 2034 2035
Total Annual Debt Service:-$ -$ 5,550,705$ 5,545,708$ 12,686,892$ 12,683,149$ 17,939,146$ 17,939,237$ 22,341,825$
GO Bond Millage support (Average growth)*:- - 0.0822 0.0770 0.1651 0.1547 0.2050 0.1922 0.2243
Median Homesteaded Property Tax:-$ -$ 27.71$ 26.72$ 59.01$ 56.95$ 77.75$ 75.06$ 90.23$
Average Homesteaded Property Tax:-$ -$ 81.67$ 78.76$ 173.94$ 167.86$ 229.19$ 221.24$ 265.98$
GO Bond Millage support (no growth):- - 0.0936 0.0935 0.2140 0.2139 0.3026 0.3026 0.3768
Median Homesteaded Property Tax:-$ -$ 29.73$ 29.70$ 67.96$ 67.94$ 96.09$ 96.09$ 119.67$
Average Homesteaded Property Tax:-$ -$ 87.64$ 87.56$ 200.31$ 200.25$ 283.24$ 283.24$ 352.75$
Median Homesteaded Property**:317,581$ 327,109$ 336,922$ 347,030$ 357,441$ 368,164$ 379,209$ 390,585$ 402,303$
Average Homesteaded property**:936,126$ 964,210$ 993,137$ 1,022,931$ 1,053,619$ 1,085,227$ 1,117,784$ 1,151,317$ 1,185,857$
*Average property value base increase of 6.7% (average since 2007)
**Homestead properties taxable value increase by 3%
Fiscal Year Ending September 30,
Funding for Eight Year GO Bond Program - Homesteaded Property only
Option 1 (RECOMMENDED) - G.O. Bond
Funding for Stormwater / Utility Rate
Adjustment for Water and Sewer
2027 2028 2029 2030 2031 2032 2033 2034 2035
Total Annual Debt Service:-$ -$ 5,550,705$ 5,545,708$ 12,686,892$ 12,683,149$ 17,939,146$ 17,939,237$ 22,341,825$
GO Bond Millage support (Average growth)*:- - 0.0822 0.0770 0.1651 0.1547 0.2050 0.1922 0.2243
Median Residential Property Tax:-$ -$ 33.12$ 33.09$ 75.69$ 75.67$ 107.03$ 107.03$ 133.29$
Average Residential Property Tax:-$ -$ 85.65$ 85.57$ 195.76$ 195.70$ 276.80$ 276.81$ 344.74$
GO Bond Millage support (no growth):- - 0.0936 0.0935 0.2140 0.2139 0.3026 0.3026 0.3768
Median Residential Property Tax:-$ -$ 33.12$ 33.09$ 75.69$ 75.67$ 107.03$ 107.03$ 133.29$
Average Residential Property Tax:-$ -$ 85.65$ 85.57$ 195.76$ 195.70$ 276.80$ 276.81$ 344.74$
Median Residential Property*:353,737$ 377,438$ 402,726$ 429,708$ 458,499$ 489,218$ 521,996$ 556,970$ 594,287$
Average Residential Property*:914,864$ 976,160$ 1,041,563$ 1,111,348$ 1,185,808$ 1,265,257$ 1,350,030$ 1,440,482$ 1,536,994$
*Average property value base increase of 6.7% (average since 2007)
Fiscal Year Ending September 30,
Funding for Eight Year GO Bond Program - All Residential Property
Utility Bill Comparison
Original Proposed vs Option 1 (G.O. Bond Funding for
Stormwater/Utility Rate Adjustment for Water and Sewer)
2027 2028 2029 2030 2031 2032 2033 2034 2035
Original Combined Annual Utility
Bill Increase for Single Family
Residential Customer
$183.84 $356.40 $535.56 $696.96 $865.08 $939.00 $997.68 $1,058.64 $1,121.04
Option 1 Combined Annual Utility
Bill Increase for Single Family
Residential Customer
[Median Homesteaded]
$84.96 $173.52 $296.39 $396.80 $537.21 $585.67 $641.03 $674.46 $726.47
Option 1 Combined Annual Utility
Bill Increase for Single Family
Residential Customer
[Median Residential]
$84.96 $173.52 $301.80 $403.17 $553.89 $604.39 $670.31 $706.40 $769.53
Option 1 Combined Annual Utility
Bill Increase for Single Family
Residential Customer
[Average Homesteaded]
$84.96 $173.52 $350.35 $448.84 $652.14 $696.58 $792.44 $820.64 $902.22
Option 1 Combined Annual Utility
Bill Increase for Single Family
Residential Customer
[Average Residential]
$84.96 $173.52 $354.33 $455.65 $673.96 $724.42 $840.08 $876.21 $980.98
Option 2 (NOT RECOMMENDED) – Utility
Rates Fund Only West Avenue Ph. 3 and
First Street Ph. 1 & 2
Option 3 – Option 2 plus Critical Water and Sewer Needs
QUESTIONS AND DISCUSSION
AQ
FERC presented
Annual GO Bond Debt Service and Associated Property Tax Millage
2027 2028 2029 2030 2031 2032 2033 2034 2035
Total Annual Debt Service:-$ -$ 14,787,305$ 14,787,305$ 30,776,014$ 30,776,014$ 40,014,570$ 40,017,926$ 51,766,083$
GO Bond Millage support (Average growth)*:- - 0.2191 0.2053 0.4005 0.3753 0.4573 0.4287 0.5197
Median Homesteaded Property Tax:-$ -$ 73.81$ 71.25$ 143.14$ 138.18$ 173.43$ 167.43$ 209.07$
Average Homesteaded Property Tax:-$ -$ 217.56$ 210.02$ 421.94$ 407.31$ 511.22$ 493.53$ 616.28$
GO Bond Millage support (no growth):- - 0.2494 0.2494 0.5191 0.5191 0.6749 0.6749 0.8731
Median Homesteaded Property Tax:-$ -$ 79.21$ 79.21$ 164.85$ 164.85$ 214.33$ 214.35$ 277.28$
Average Homesteaded Property Tax:-$ -$ 233.47$ 233.47$ 485.92$ 485.92$ 631.78$ 631.83$ 817.32$
Median Homesteaded Property**:317,581$ 327,109$ 336,922$ 347,030$ 357,441$ 368,164$ 379,209$ 390,585$ 402,303$
Average Homesteaded property**:936,126$ 964,210$ 993,137$ 1,022,931$ 1,053,619$ 1,085,227$ 1,117,784$ 1,151,317$ 1,185,857$
*Average property value base increase of 6.7% (average since 2007)
**Homestead properties taxable value increase by 3%
Funding for Eight Year GO Bond Program - Homesteaded Property only
Fiscal Year Ending September 30,
FERC presented
Annual GO Bond Debt Service and Associated Property Tax Millage
2027 2028 2029 2030 2031 2032 2033 2034 2035
Total Annual Debt Service:-$ -$ 14,787,305$ 14,787,305$ 30,776,014$ 30,776,014$ 40,014,570$ 40,017,926$ 51,766,083$
GO Bond Millage support (Average growth)*:- - 0.2191 0.2053 0.4005 0.3753 0.4573 0.4287 0.5197
Median Residential Property Tax:-$ -$ 88.22$ 88.22$ 183.61$ 183.61$ 238.73$ 238.75$ 308.84$
Average Residential Property Tax:-$ -$ 228.17$ 228.17$ 474.88$ 474.88$ 617.43$ 617.48$ 798.76$
GO Bond Millage support (no growth):- - 0.2494 0.2494 0.5191 0.5191 0.6749 0.6749 0.8731
Median Residential Property Tax:-$ -$ 88.22$ 88.22$ 183.61$ 183.61$ 238.73$ 238.75$ 308.84$
Average Residential Property Tax:-$ -$ 228.17$ 228.17$ 474.88$ 474.88$ 617.43$ 617.48$ 798.76$
Median Residential Property*:353,737$ 377,438$ 402,726$ 429,708$ 458,499$ 489,218$ 521,996$ 556,970$ 594,287$
Average Residential Property*:914,864$ 976,160$ 1,041,563$ 1,111,348$ 1,185,808$ 1,265,257$ 1,350,030$ 1,440,482$ 1,536,994$
*Average property value base increase of 6.7% (average since 2007)
Funding for Eight Year GO Bond Program - All Residential Property
Fiscal Year Ending September 30,
2027 2028 2029 2030 2031 2032 2033 2034 2035
Median Homesteaded
GO Bond Property Tax*$0 $0 $68.98 $66.59 $133.79 $129.15 $162.09 $156.49 $195.41
Combined Annual
Utility Bill Increase for
Single Family
Residential Customer
$183.84 $356.40 $535.56 $696.96 $865.08 $939.00 $997.68 $1,058.64 $1,121.04
Estimated Combined
Annual Utility Bill
Increase for Multi-
Family Customer
$141.24 $303.36 $461.88 $595.92 $734.04 $795.96 $859.68 $925.32 $992.88
Annual Debt Service vs
Utility Rate Increases
*Average property value base increase of 6.7% (average since 2007)
Note: Assumes 8-year funded program
FERC presented Water, Sewer, Stormwater GO Bond Program
Fiscal Year ending September 30,
Item #Project Name 2027 2028 2029 2030 2031 2032 2033 2034 Total
1 NIP North Shore D, Phase 1A 90,000,000 45,000,000 135,000,000
2 NIP Normandy Isles, Phase 1 7,058,304 114,344,532 121,402,836
3 NIP 1st Street, Phases 3+4 63,700,000 63,700,000
4 NIP North Shore D, Phase 1B & Phase 2 4,551,394 58,500,000 63,051,394
5 FDOT Alton Road Utilities Relocation (43-48 Middle & 48-63 Upper)15,200,000 37,300,000 52,500,000
6 NIP 1st Street, Phases 1+2 46,400,000 46,400,000
7 Manhole inspection and rehabilitation 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 36,000,000
8 Water Capacity - Julia Tuttle Causeway/41st Street 35,000,000 35,000,000
9 La Gorce Gravity Main Replacement - N. Bay Rd from Lake View Dr to 63rd Street 29,800,000 29,800,000
10 Water Capacity - MacArthur Causeway 26,000,000 26,000,000
11 Pump Station (PS) No. 29 R&R 25,000,000 25,000,000
12 41st Street Water Main Replacement 17,253,652 17,253,652
13 PS 2 FM Replacement - Star Island to Miami Beach 15,000,000 15,000,000
14 Gravity Mains I/I (Trenchless)4,500,000 4,500,000 9,000,000
15 NIP West Ave, Phase 3 7,600,000 7,600,000
16 CN# 11 North Shore A - Byron Ave (Proposed Storm Piping 81 St to 85 St)688,000 6,192,000 6,880,000
17 PS 29 Parallel Discharge FMs to the Indian Creek crossing 6,820,000 6,820,000
18 Dade Boulevard Subaqueous FM Crossings 6,574,015 6,574,015
19 41st Street Booster Pump Station (BPS) Hardening 6,500,000 6,500,000
20 Normandy Isle Water Main Replacement 5,400,000 5,400,000
21 Fire Flow Project 9 - 41st Street corridor 5,188,117 5,188,117
22 Indian Creek Subaqueous FM Crossings 5,000,000 5,000,000
23 Belle Isle BPS Rehabilitation 4,950,000 4,950,000
24 CN# 6 City Center A - Palm View (Proposed Storm Pipe Michigan (17 St to Dade) and Jefferson & 19 St)4,464,000 4,464,000
25 CN# 16 Nautilus G - N Bay Rd (Proposed Injection Well and Storm Piping adjacent to I-95)424,000 3,816,000 4,240,000
26 CN# 12 Nautilus D - N Bay Rd (Proposed WQ and Storm Piping 45 St to 46 St)408,000 3,672,000 4,080,000
27 CN# 15 Lakeview A - North (Proposed Storm Piping 51 St, Delaware and 50 St)400,000 3,600,000 4,000,000
28 CN# 3 La Gorce C - N Bay Rd (Proposed Storm Pipe 56 St to 57 St and 59 St)3,888,000 3,888,000
29 CN# 5 La Gorce C - N Bay Rd (Proposed WQ and Storm Pipe at 52 St)3,744,000 3,744,000
30 CN# 13 Flamingo/Lummus C - Lenox Ave (Proposed Storm Piping 8 St to 11 St)368,000 3,312,000 3,680,000
31 Sewer PS 18 and PS 27 Force Main replacement - La Gorce Neighborhood 3,600,000 3,600,000
32 PS 15 R&R 3,044,276 3,044,276
33 CN# 9 N Shore B & C - Dickens Ave (Proposed New Storm Pipe 76 St to 78 St)296,000 2,664,000 2,960,000
34 CN# 14 Nautilus A - Royal Palm Ave ( Proposed Storm Piping Royal Palm (47 St to south of 46 St)288,000 2,592,000 2,880,000
35 CN# 4 La Gorce A (Proposed WQ and Storm Pipe Pine Tree & LaGorce above 63 St)2,736,000 2,736,000
36 Fire Flow Project 14 - Collins Avenue (65 - 72)2,700,000 2,700,000
37 Force Main, Terminal Island to Star Island, Phase 2 2,420,250 2,420,250
38 CN# 10 Flamingo/Lummus A - Jefferson Ave (Proposed Storm Piping 5 St to 7 St)208,000 1,872,000 2,080,000
39 CN# 7 Flamingo/Lummus E - Lenox Ave (Proposed Storm Pipe 13 St to north of 14 St)144,000 1,296,000 1,440,000
40 CN# 8 Nautilus F - Nautilus Dr (Proposed Storm Pipe 46 St (Michigan to west of Nautilus) and Nautilus)80,000 720,000 800,000
41 Aerial Watermain Crossing Rehabilitation - Alton Road (48th St & Lakeview Dr)627,686 627,686
42 Aerial Watermain Crossing Rehabilitation- Alton Road (Chase Ave & W 34th Street)219,690 219,690
Total Debt Needs Per Project Per Year 43,020,000 181,676,554 94,586,015 146,510,769 124,036,532 18,232,276 163,645,769 11,916,000 783,623,915