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South Carolina's Riverfront
MINUTES OF OCTOBER 10, 2016
Lark W. Jones, Mayor
James M. Adams, Jr., Councilmember
J. Robert Brooks, Councilmember
Pat C. Carpenter, Councilmember
Fletcher L. Dickert, Councilmember
Kenneth J, McDowell, Councilmember
David W. McGhee, Councilmember
ORDER OF BUSINESS
The Special Called meeting of October 10, 2016, having been duly publicized, was called to
order by Mayor Jones at 7:00 p.m. in the Council Chambers on the third floor of the
Municipal Center and adjourned at 7:08 p.m.
Per Section 30-4-80(e) notice of the meetings by email was sent out to the current
maintained "Agenda Mailout" list consisting of news media outlets and individuals or
companies requesting notification. Notice of the meetings was also posted on the outside
doors of the Municipal Center, the main bulletin board of the Municipal Center located on
the first floor, and the City of North Augusta website.
Members present were Mayor Jones and Councilmembers, Brooks, Carpenter, Dickert,
McDowell, and McGhee. Councilmember Adams was out ill.
Also in attendance were B. Todd Glover, City Administrator; Kelly F. Zier, City Attorney;
Cammie T. Hayes, Director of Finance; and Diana H. Miller, Manager of Human Resources;
and Donna B. Young. City Clerk.
Minutes of Special Called Meeting of October 10, 2016
ITEM 1. FINANCE: Municipal Improvement District and Improvement Plan —
Resolution
On motion by Councilmember Carpenter, second by Councilmember
McGhee, Council unanimously passed a resolution regarding the approval of
a Municipal Improvement District to defray the cost of public infrastructure
in connection with what is commonly referred to as Project Jackson.
The resolution text is as follows:
RESOLUTION NO. 2016-30
DESCRIBING A MUNICIPAL IMPROVEMENT DISTRICT
AND IMPROVEMENT PLAN TO BE EFFECTED PURSUANT
TO TITLE 5, CHAPTER 37 OF THE CODE OF LAWS OF
SOUTH CAROLINA 1976, AS AMENDED, INCLUDING
PROPERTY WITHIN THE MUNICIPAL IMPROVEMENT
DISTRICT TO BE IMPROVED, THE PROJECTED TIME
SCHEDULE FOR THE ACCOMPLISHMENT OF THE
IMPROVEMENT PLAN, THE ESTIMATED COST AND THE
AMOUNT OF THE COST TO BE DERIVED FROM
ASSESSMENTS, BONDS, OR OTHER GENERAL FUNDS,
TOGETHER WITH THE PROPOSED BASIS AND RATES OF
ASSESSMENTS TO BE IMPOSED WITHIN THE MUNICIPAL
IMPROVEMENT DISTRICT; CALLING AND PROVIDING
NOTICE FOR A PUBLIC HEARING; AND OTHER MATTERS
RELATING THERETO.
Minutes ofSpecia Called Meeting ofOctober 10, 2016
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH AUGUSTA, SOUTH
CAROLINA, AS FOLLOWS:
Section 1. Findings.
The City Council (-City Council") of the City of North Augusta, South Carolina (the
"City"), hereby finds and determines:
(a)The City is an incorporated municipality located in Aiken County, and as such possesses all
powers granted to municipalities by the Constitution and general laws of the State of South Carolina.
(b)Pursuant to Title 5, Chapter 37, Code of Laws of South Carolina, 1976, as amended (the "Act"),
governing bodies of the municipalities of the State of South Carolina (the "State") are authorized to
aoquirc, o*n, construct, establish, install, enlarge, improve, expand, operate, maintain and repair,
and sell, lease and otherwise dispose of any improvement and to finance such acquisition,
construction, establishment, installation, enlargement, improvement, expansion, operation,
maintenance and repair, in whole or in part, by the imposition of assessments in accordance with the
Act, by special district bonds, by general obligation bonds of the municipality, by revenue bonds of
the municipu|i|y, or from general revenues from any source not restricted from such use by |un, or
by any combination of such funding sources.
(c)The City is now minded to establish an improvement district pursuant to the Act, to be known as
the -Ballpark Village Municipal Improvement District" in order to provide moneys through
assessments to fund improvements within the Ballpark Village Municipal Improvement District.
Section 2,Improvement Plan.
Pursuant to Section 5-37'50 of the Act, the City may adopt a resolution describing a municipal
improvement district and improvement plan, including property within the municipal improvement
district to be improved, the projected time schedule for the accomplishment of the improvement
plan, the estimated cost and the amount of the cost to be derived from assessments, bonds, or other
general funds, together with the proposed basis and rates of assessments to be imposed within the
improvement district. This Resolution is being adopted pursuant to Section 5-37'50 of the Act and
each of the information requirements of that Section is addressed and provided in the improvement
plan attached as Exhibit A hereto and incorporated herein (the "Improvement P|un"). The
Improvement Plan supersedes those improvement plans associated with the resolutions adopted
October 5, 2O\5 and March 2\, 28\6by City Council.
Section 3i Public LHearing.
Pursuant to Section 5'37'50 of the Act, the City hereby calls a public hearing on the question of the
establishment of the Ballpark Village Municipal Improvement District, 100 Georgia Avenue, North
Augusta, South Carolina 29841, to be held on November 1, 2016. at the City Council Chambers of
the City of North Augusta at 7:00 p.m.
Section 4.Publication of Resolution and Notice of Public Hearing.
Pursuant to Section 5-37'60 of the Act, the City Clerk shall cause this Resolution to be published
once a week for two successive weeks in a newspaper of general circulation within the City and the
fiuu| publication shall hcul least ten days prior to the date Vf the scheduled public hearing.
Minutes of Special Called Meeting of October 10, 2016
RESOLVED IN MEETING DULY ASSEMBLED at North Augusta, South Carolina this
10th day of October,2016.
CITY OF NORTH AUGUSTA, SOUTH
CAROLINA
(SEAL)
By: Lark W. Jones, Mayor
Attest:
Donna B. Young, Municipal Clerk
Minutes of Special Called Meeting of October 10, 2016
EXHII3IT A
IMPROVEMENT PLAN
BALLPARK VILLAGE MUNICIPAL IMPROVEMENT DISTRICT
Overview and Purpose
Pursuant to the Municipal Improvements Act of 1999, codified at Title 5, Chapter 37 of the Code of
Laws of South Carolina 1470, as amended from time to time, the "Act"), the City of North Augusta, South
Carolina(the -City") is authorized to designate an area within the City within which an improvement plan is
to be accomplished. The Act defines an "Improvement Plan" as an overall plan by which the governing body
of the City proposes to effect public improvements within a designated area to preserve property values,
prevent deterioration of urban areas, and preserve the tax base of the municipality, and includes an overall
plan by which the governing body proposes to effect public improvements within an improvement district in
order to encourage and promote private or public development within the improvement district. This
document is written to meet the Act's requirements for an Improvement Plan,as defined therein.
As further described below, this Improvement Plan specifies the City's intentions to undertake the
public improvements specified below and to engage in the financing of the same. Through the execution of
this Improvement Plan the City intends to provide a special benefit to parcels of real property in the
Improvement District (as defined herein), to increase property values within the Improvement District, to
encourage and promote private and public development by future owners or other interested pertiox, and to
improve the tax base of the City.
Description of the Improvement District
The real property included within the Ballpark Village Municipal Improvement District (the
Improvement District") is located in the City within a Redevelopment Project ject Area established by Ordinance
96-10, as amended, pursuant to Title 31, Chapter 6 of the Code of Laws of South Carolina 1976, as amended
(the "TIE' District"). The Improvement District is generally bound by the Savannah River to the south,
Georgia Avenue to the east, the brick ponds to the north and Hammond's Ferry subdivision to the west, and
including, but not limited to, the parcels of real property as described in Table A below, and those portions of
Center Street and Railroad Avenue adjacent to such parcels, as applicable. More particularly, the
Improvement District includes the real property indicated in Table A below.
Minutes of Special Called Meeting of October 10, 2016
Table A
Improvement District
Approximate
Parcels Owner Description Acres
007-17-02-001 Greenstone Hammond's Portions of each 29.24
Ferry, LLC aggregate to total
acreage.
007-18-05-001, 007-13- City of North Augusta Portions of each and 6.03
01-007. 007-17-01-001, certain right of way
007-13-10-002, N/A aggregate to total
acreage.
N/A South Carolina Department Portion; alongside 0.14
of Transportation Georgia Avenue
Total 35.41
* Note: The Improvement District includes real property consisting of those portions of Center Street and
Railroad Avenue adjacent to such parcels, as applicable. Also, parcels 007-17-02-002, 007-17-02-004 were
absorbed into parcel 007-17-02-001.
The property encompassed by the Improvement District is shown on that preliminary subdivision
plat conditionally approved by the City's Planning Commission on March 3, 2016, and is available at the
offices of the Municipal Clerk.
Description and Estimated Costs of the Improvements
The public improvements, and the estimated cost of each, to be implemented through this
Improvement Plan are listed in Table B below (independently, each an "Improvement" and collectively,
the "Improvements"). All of the Improvements will be located within the Improvement District.
Table B
Improvements and Estimated Costs
Estimated
Improvement Cost
Baseball stadium $36,000,000
Parking facilities $16,000,000
Conference center $5,500,000
Infrastructure $3,500,000
Total $61,000,000
As indicated above, the City intends to provide a special benefit to parcels of real property in the
Improvement District through the delivery of the Improvements. Each of the public improvements
indicated in Table B above constitutes an "improvement" within the meaning of the Act.
As shown in the table above, the total estimated cost of the Improvements, excluding inflation,equals
$61,000,000. The costs shown in Table B are estimates only. As such, the actual costs are likely to vary
Minutes of Special Called Meeting orOctober 10, 2016
from these estimates. The estimated costs shown in Table B do not limit the amount that may be spent on
the distinct Improvements or the total that may be spent in the aggregate on the Improvements.
Proceeds from borrowings described in this Improvement Plan (see below) and authorized by the
Act may be spent on any component of the Improvements.
Other public improvements not contemplated by this Improvement Plan may be constructed within
the Improvement District.
Time Schedule for the Accomplishment of the Improvement Plan
The Improvements contemplated within this Improvement Plan are expected to be accomplished on
or before December 31,2018.
Sources of Funds
The City' estimates that the sources and amounts required to construct the Improvements will be
as shown in Table C below.
Table C
Estimated Sources of Funds
Estimated Amount of
Source of Funds Project Cost
Special assessments and TIF District revenues from
within the Improvement District $ 29,000,000
City and private contributions, including:
Private contributions, T1F District revenues from
outside the Improvement District, accommodations
tax revenues, parking revenues and other revenues $ 32,000,000
Total $ 61,000,000
The amounts shown in Table C above represent an estimate of contributions to fund the estimated
actual costs of the Improvements, excluding debt service on City borrowings that are anticipated to
finance the Improvements and administrative expenditures related to the Improvement District. As noted
in Table C above, the City estimates that approximately $29,000,000 of the total costs of the
Improvements (excluding debt service costs), specific Improvements to be determined, will be provided
by special assessments (see below for more information on the special assessments) and TIF District
revenues from real properly within the Improvement District. As noted in Table C above, the City
anticipates that approximately $32,000,000 of the costs of the Improvements (excluding debt service
costs) will be funded from City contributions and private contributions. The City's total contribution
towards the Improvements may increase, depending on the quantity of the City revenues from various
sources, which could lead to a decrease in the costs to be funded by the special assessments.
The potential revenues from the special assessments, which will be utilized to repay the expected
City borrowings, will be limited by the amount of the special assessment lien to be placed on the
properties in the Improvement District, as prescribed by a future ordinance of City Council.
The details of all City borrowings and the authorization therefor shall be prescribed by one or
more separate ordinances of the City Council.
Repayment of Expected Borrowings
Minutes of Special Called Meeting of October 10, 2016
Pursuant to the Act, special assessments (the "Assessments") will be imposed on parcels of the real
property in the Improvement District, as further explained below. On an annual basis, a portion of the total
Assessment on a parcel will be billed to the parcel, net of the TIF District revenues generated by the parcel.
Assessment revenues will he utilized alongside other sources of revenue to pay the debt service on the
expected City borrowings and the administrative costs of the Improvement District.
Basis and Rates of Assessment to be Imposed within the Improvement District
Assessments shall be imposed upon real property in the Improvement District in accordance with
the Improvement District documents (including, without limitation, Report on the Reasonable Basis of the
Special Assessments, an Assessment Roll and the Rate and Method of Apportionment of Assessments) to
the extent such documents are approved by the City as required by law (collectively the "Improvement
District Documents"). The Improvement District Documents shall establish the Assessments, the basis of
the Assessments and the related special assessment rates, all of which in concert will fairly and equitably
allocate the benefits derived from the Improvements to each of the individual parcels within the
Improvement District.
The amount of the Assessments to be imposed on each parcel in the District at the City's
establishment of Assessments shall reflect the parcel's estimated special benefit from the Improvements,
as specified in the Improvement District Documents, and be equal to the estimated TIF District revenues
from the parcel. The City anticipates providing each parcel in the District a credit on an annual basis
against the parcel's annual Assessment payment obligation that is equal to the TIF District revenues
generated by the parcel.
Assessments shall not be imposed upon the Improvements or any real property within the
Improvement District that does not receive a benefit from the Improvements. Assessments will not be
imposed on real property parcels within the Improvement District that are owned by a public entity.
Assessments will not be imposed on real property outside of the Improvement District.
The Rate and Method of Apportionment of Assessments shall provide that as real property within
the Improvement District is subdivided, the Assessments on the parent parcel will be allocated amongst the
subdivided parcels in a manner that utilizes a classification system for distinct development uses in order to
reflect the estimated special benefit from the Improvements. The sum of the Assessments on the subdivided
parcels after such subdivision shall be equal to the Assessment on the parent parcel prior to subdivision.
The total Assessment on each parcel, to be imposed through City Council's approval of the
Improvement District Documents, shall represent the total special assessment fees that can be billed to a
parcel over the term of the Improvement District.
The City intends to bill the annual special assessment fee on the annual City real property tax bill. The
City intends to begin the annual billing of the Assessments in January of 2019.
Changes to this Improvement Plan
This Improvement Plan is subject to further changes and/or modifications, from time to time, as the
City Council may determine, based on further review by the City and public input during the opportunities
provided for public comment under the Act. It is expected that a final version of this Improvement Plan will
be adopted by City Council at the time of adoption of an ordinance providing for the creation of the District,all
as provided in the Act.
The meeting adjourned at 7:08 p.m.
Minutes of Special Called Meeting of October 10, 2016
APPROVED THIS 11 DAY OF Respectfully submitted,
, 2016.
Donna B. Young
Mayor Lark W. Jones City Clerk