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041519 Study Session Mins Adopted North Rwm) South Carolina's Riuerfront MINUTES OF APRIL 15,2019 Robert A. Pettit, Mayor James M Adams, Jr., Councilmember J Robert Brooks, Councilmember Pat C. Carpenter, Councilmember Fletcher L. Dickert, Councilmember Kenneth) McDowell, Councilmember David W. McGhee, Councilmember ORDER OF BUSINESS CThe study session for the City Council meeting of the City of North Augusta of April 15, 2019, having been duly publicized, was called to order by Mayor Pettit at 6:01 p.m. in the Council Conference room on the third floor of the Municipal Center and adjourned at 6:28 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 Pettit and Councilmembers Adams, Brooks, Carpenter, Dickert, McDowell, and McGhee. Also in attendance were B. Todd Glover, City Administrator; Kelly F. Zier, City Attorney; Cammie T. Hayes, Director of Finance; Richard L. Meyer, Director of Parks, Recreation, & Tourism; John C. Thomas, Director of Public Safety; Thomas C. Zeaser, Director of Engineering and Public Warks; James E. Sutton, Director of Public Servies, Lillian E. (Libby) Hodges, Director of Planning and Development; J. D. McCauley, Manager of Human Resources; and Sharon Lamar, City Clerk. ITEM 1 CITY COUNCIL AGENDA: Items on the April 15 2019 Council Aeenda — CCouncil Discussion Council reviewed the items scheduled for the April 15, 2019 meeting. Minutes of Study Session of April 15,2019 ITEM 2 ECONOMIC DEVELOPMENT: Riverside Village at Hammond's Ferry Council Update Mayor Pettit updated Council on the financial status of the Riverside Village at Hammond's Ferry project. The Mayor's report and visual presentation are included with these minutes. The Mayor announced a Mayor's Prayer Breakfast is scheduled for Thursday,May 2,The National Day of Prayer. The breakfast will be held at the Crowne Plaza Hotel at 7:30 a.m. Tickets are $15.00 and can be purchased from the Finance Cashier in the Municipal Building. Local churches and businesses are being asked to consider sponsoring a table of eight to help defray the cost. The theme is"Community of Faith—Working together to Overcome Barriers." The speaker will be Dr. W. Franklin Evans,President of Voorhees College in Denmark, SC. The Mayor shared that Senator Tom Young announced in a recent email that SCDOT has completed a traffic study of the Bergen Road and Martintown Road Intersection. It has been determined that a traffic light is needed and warranted. SCDOT is looking for funding alternatives and potential timelines for the work. The Mayor also reported that the comment period for the New Savannah Bluff Lock and Dam will conclude on April 16. A joint response from the City of North Augusta and Augusta-Richmond County will be delivered that afternoon. The response also includes a letter signed by Georgia and South Carolina senators and congressmen. Rick Meyer,Director of Parks,Recreation and Tourism,shared that a banquet will be held on May 14th at 7:00 p.m. in the Palmetto Terrace Ballroom for the North Augusta High School Girls' Basketball team to celebrate their third consecutive state title. There being no further business, Council adjourned the meeting at 6:28 p.m. APPROVED THIS Vb DAY OF Respectfully submitted, MAY,2019 4�y0 J Sharon Lamar Robert A.Pettit, Mayor— City Clerk Continuing Disclosure Requirements C North Augusta Public Facilities Corporation/City of North Augusta Series 2O17B Voluntary Filing for the Fiscal Quarter Ended March 31, 2019 Assessed Value of Taxable Property The assessed value of all taxable real and personal property in the City for each of the last five years available is set forth in the following table(record will be updated with the 2018 audit): Assessed Value of Taxable Pro erty Fiscal Year Ended Tax Personal December 31 Year Real Pro erty Pro..rt (') Total 2017 2016 $ 79,819,959 $ 26,336,665 $ 106,156,624 2016 2015 73,065,987 21,623,421 94,689,408 2015 2014 70,710,810 20,984,447 91,695,257 2014 2013 69,161,813 19,735,545 88,897,358 2013 2012 68,404,348 19,032,345 87,436,693 Isl Due to a law passed in 1980 by the S.C.General Assembly that provided for the billing and collection of personal property taxes on motor vehicles on a staggered basis according to expiration of the license tag,the City uses different tax years for real and personal property taxes. CTax Rates The millage imposed in the City in each of the last five tax years is set forth below: Tax Rates Fiscal Year Ended Tax Operating Debt Service Total City December 31 Year l'I Milla a Millage Milla e 2019 2018 73.50 - 73.50 2018 2017 73.50 - 73.50 2017 2016 70.50 - 70.50 2016 2015 74.21 - 74.21 2015 2014 74.21 - 74.21 ( "Due to a law passed in 1980 by the S.C.General Assembly that provided e billing and collection of personal property taxes on motor vehicles taggered basis according to expiration of the license tag,the City different tax years for real and personal property taxes. C (continued) it City General Fund Budget The General Fund Budget for the year ending December 31,2019 was adopted on December 3,2018 by City Council and is shown in the following table: Annual General Fund Budget for Fiscal Year Ending 12/31/19 Revenues Ad valorem property taxes $ 7,283,560 Licenses and Permits 6,455,770 Fines and forfeitures 1,090,000 Charges for services 1,316,954 Intergovernmental 777,451 Miscellaneous 624,967 Transfers 1,235,666 Total Revenues $ 18,784,368 Expenditures General Government $ 5,735,709 Public Safety 8,596,074 Public Works 1,664,371 Parks, Recreation and Tourism 2.788,214 Total Expenditures $ 18,784,368 Ten Largest Taxpayers in the City The ten largest taxpayers in the City,the assessed value for the fiscal year ended December 31,2017 of the taxable property of each located within the City,and the amount of 2016 taxes paid to the City are as follows (record will be updated with the 2018 audit): rFederaiCredit enlargest Tax Ayers in the City l2/31/2017 Tax a er Assessed Value Taxes Paid &Gas Co. $ 3,232,640 $ 227,901 stries,Inc. 2,879,320 202,992 Inc. 2,156,900 152,061 l Credit Union 1,265,570 89,223usta, LP 1,111,260 78,344 Chemicals,Inc. 1,072,580 75,617 CVS SC Distribution, Inc. 755,930 53,293 The Kroger Company 650,890 45,888 Lowes Home Centers, Inc. 574,350 40,492 TrailerTrain-HamburgIndustries 557,480 39,302 C (continued) Tax Collection Record of the City C The following table shows the amount of taxes levied for City purposes, including additions and abatements, taxes The as of December 31 of the year following the year in which the levy was made,and the amount of delinquent taxes collected in the City for the fiscal years shown (record will be updated with the 2018 audit): Tax Collection Record of the City Collected within the Fiscal Year of the Levy Total Collections to Date rFiscalYearnded Taxes Levied Percentage Collections in Percentage 31 Tax Yearl'I forFiscalYear Amount of Lev Subse uent Years Amount of Lev 2016 $ 7,484,042 $ 7,446,013 99.49% $ - $ 7,446,013 99.49% 2015 7,026,901 6,992,988 99.52% 5,216 6,998,204 99.59% 2015 2014 6,804,705 6,762,260 99.38% 16,911 6,779,171 99.62% 2014 2013 6,597,073 6,565,216 99.52% 10,338 6,575,554 99.67% 2013 2012 6,488,677 6,446,489 99.35% 19,637 6,466,126 99.65% I'I Due to a law passed in 1980 by the S.C.General Assembly that provided for the billi ng and collection of personal property taxes on motor vehicles on a staggered basis according to expiration of the license tag,the City uses different tax years for real and personal property taxes. Outstanding Indebtedness Outstanding Indebtedness 12/31/2017 C General Obligation Debt $ - T," Increment Debt 43,437,000 Includes Series 20177below Outstanding Installment Purchase Revenue Bonds 69,450,000 Series 20178 Bonds Outstanding Lease Purchase Obligations 2018 893,416 2019 719,694 2020 361,157 2021 176,412 Subtotal 2,150,679 Interest (66,505) Present Value of minimum lease payments 2,084,174 Revenue Debt Waterand Wastewater Bonds,Series 2014A 11,422,409 Matures February 1,2035 Water and Wastewater Bonds,Series 2015A 9,560,453 Matures December 1,2036 -The North Augusta Public Facilities Corporation purchased the City's 2017A TIF Obligation($43,412,000 outstanding as of 12/31/2017) pursuant to which the City makes semi-annual payments to the Corporation from TIF Revenues.These payments are assigned to the Trustee for the Series 20178 Bonds and a credit against installment payments due in each year. The City's legal debt margin as of 12/31/2017 equaled$8,492,530. This record will be updated with the 2018 audit. C (continued) Identified Sources of Installment Payments C General Obligation Bonds The City is authorized by the State Constitution to incur general obligation indebtedness without voter approval in an amount not exceeding eight percent of the assessed value of all taxable property in the City for any corporate purpose of the municipality. The City presently has no general obligation debt outstanding. General Obligation Bonds Fiscal Year Amount 20191i' $ - 2018 M 2017 2016 2015 UI UNAUDITED Local Hospitality Taxes City Council, pursuant to the Local Hospitality Tax Act and the Hospitality Tax Ordinance, established a uniform hospitality tax,which imposed,effective December 1,1998,a one percent(1%)tax on the sales of prepared meals and beverages,including alcoholic beverages,beer and wine,at businesses within the City. Effective December 1,2017,the hospitality tax rate was raised to two percent(2%)with collections beginning in January 2018. rFisca[Year al Hospitality Taxes Increase in CCity Collections Hospitality over Prior Taxes Fiscal Year $ 404,145 N/A 1,609,103 118.67% 735,845 3.18 2016 713,152 7.27 2015 664,804 9.68 2014 606,121 5.86 2013 572,543 7.53 1�1 UNAUDITED C (continued) Local Accommodations Taxes City Council,pursuant to the Local Accommodations Tax Act and the Accommodations Tax Ordinance established a local accommodations tax,which imposed,effective December 1, 1998,a Cthree percent(3%)tax on furnishing of accommodations to transients within the City. Local Accommodations Taxes Increase (Decrease)in City Collections Accommodations over Prior Fiscal Year Taxes Fiscal Year 20191st Qtr1�1 $ 16,746 N/A 2018111 109,092 98.70% 2017 54,904 7.86 2016 50,904 3.68 2015 49,099 (11.39) 2014 55,410 9.88 2013 50,428 (2.62) 1'I UNAUDITED Tax Increment Revenues The TIF Act authorizes municipalities to incur indebtedness for the purpose of redevelopment in areas which are or which are threatened to become blighted and to fund the debt service of such indebtedness from the additional tax revenues which result from such redevelopment. Under the TIF Act, all property taxes of all taxing jurisdictions imposed and collected within the Redevelopment Project Area in excess of the amount C attributable to the"total initial equalized assessed value"of all taxable real property in the Redevelopment Project Area shall be paid to the municipality which shall deposit the taxes into a special tax allocation fund for the purpose of paying redevelopment project costs and discharging the obligations incurred in the payment of such costs. Certain portions of the taxes deposited to or otherwise subject to deposit to the special tax allocation fund are disbursed to overlapping taxing entities in accordance with agreements between the City and political subdivisions pursuant to which they agreed to participate in the TIF on a modified basis. Tax Increment Revenues Fiscal Year City TIF Revenues %Growth 20191st Qtr l2l $ 642,664 N/A 2018111 751,052 22 2017 613,831 19 2016 516,829 14 2015 453,883 9 2014 417,373 N/A 1�1 UNAUDITED 1zl UNAUDITED;COUNTY PAYMENT DUE 2nd Qtr MID Assessments The municipal improvement district(MID District)consists of parcels owned by the private developers within the TIF District where private improvements will be constructed. The City has imposed a special assessment on the parcels in the MID District owned by the private developers. The special assessment has been set on C an annual basis at an amount equal to an estimate of the TIF revenues that will result from the private improvement specified in the Master Development Agreement. There have been no MID assessments through 3/31/2019. (continued) Parking Revenues Parking revenues are received from the Medac Deck,Hotel Deck and various lots owned by the City. Revenues received are netted against expenditures incurred for operations and maintenance of the parking Ofacilities. Regular operating expenses have occurred during 2019 and parking revenues are expected to be collected beginning in 2"d Quarter. Parking Revenues Net % Fiscal Year Amount Growth 20191st Qtr n) $(3,346) N/A 2018111 108,885 N/A pl UNAUDITED Stadium Revenues Stadium revenues are received from Greenlackets Baseball for performance license fees, retail space rent,corporate naming rights,and stadium rent. Admissions tax payments are received from the South Carolina Department of Revenue(SCDOR). Stadium Revenues Performance Corporate Admissions License Fees Retail Space Naming Fiscal Year Tax lsl (3) Rent(3) Rights(0) Rent 131 Total 20191st Qtr hl $ - $ 64,884 $ - $ - $ - $ - 20184) 18,336 - 100,000 100,000 250,000 468,336 O nI UNAUDITED 121 Revenue stream due 1/31/xx of each yearforthe prior calendaryear 131 Revenue stream due 4/1/xx of each year 101 Revenue stream due 12/31/xx of each year Isl Payments received throughout the year from SCDOR Please refer to the City of North Augusta's Comprehensive Annual Financial Report and Official Statement for additional information about the City.