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120219 Study Session Mins Adopted North Augusta South Carolina's Riuerfront MINUTES OF DECEMBER 2.2019 Robert A. Pettit, Mayor J Robert Brooks, Councilmember Pat C. Carpenter, Councilmember Fletcher L. Dickert, Councilmember David W McGhee, Councilmember Eric K Presnell, Councilmember Kevin W. Toole, Councilmember ORDER OFBUSEVESS C STUDY SESSION The study session for the City Council meeting of the City of North Augusta of December 2,2019, 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 recessed at 6:44 p.m.to move into Council Chambers for the Public Hearing for the Proposed Annual Consolidated Budget for Fiscal Year 2020. Since there was no citizen participation in the Public Hearing, Council re-convened at 6:49 p.m.to continue the Study Session discussion. The Study Session concluded at 6:56 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, Councilmembers Brooks, Dicker[, McGhee, Presnell, and Toole. Councilmember Carpenter was absent. Also in attendance were Rachelle Moody, Interim City Administrator; Kelly F. Zier, City Attorney; Richard E. Meyer, Director of Parks, Recreation, and Tourism, Cammie T. Hayes, Director of Finance and General Services; John C. Thomas,Director of Public Safety;Thomas C. Zeaser,Director of Engineering and Public Works; James E. Sutton,Director of Public Services; IC Lillian E. (Libby) Hodges, Director of Planning and Development; J.D. McCauley, Manager of Human Resources;and Sharon Lamar,City Clerk. The members of the public and the media were also in attendance. Minutes of Study Session of December 2,2019 ^ ITEM 1 CITY COUNCIL AGENDA: Items on the November 18,2019 Council V Agenda- Council Discussion Interim City Administrator, Rachelle Moody, led Council's discussion of the December 2, 2019 meeting agenda. ITEM 2 FINANCE• Economic Development—Riverside Village at Hammond's Ferry—Council Update Cammie Hayes, Director of Finance and General Services, updated Council on the thud quarter financial status of the Riverside Village at Hammond's Ferry project. Please see ATTACHMENT#2 for the handout "Continuing Disclosure Requirements North Augusta Public Facilities Corporation/City of North Augusta Series 2017B Voluntary Filing for the Fiscal Quarter Ended September 30,2019." ITEM 4 PARKS RECREATION, AND TOURISM: Undiscovered SC Grant Application- Council Discussion Rick Meyer,Director of Parks,Recreation,and Tourism,led Council in the discussion of applying for the Undiscovered SC Grant. If awarded the funds from this grant could be used to enhance the proposed Riverside Village Amphitheater fountain. The grant requires a 1:1 fund match. There O was not a general consensus to pursue the grant. Councilmembers will continue to evaluate the application and may agree to meet for a called meeting next Monday to consider a resolution. Council recessed at 6:44 p.m. to move into Council Chambers for the Public Hearing. The Study Session re-convened at 6:49 p.m. ITME 3 PLANNING AND DEVELOPMENT: Wavfmdine Sien Project— Council Discussion Libby Hodges,Director of Planning and Development, led Council in a discussion of wayfinding sign and pole color options for the KMA DESIGN design development. Council seemed to be in agreement with blue signs and gun-metal poles. Councilmember Dickert requested a sample of the sign be produced and delivered to share with citizens before a final decision it made. Please see ATTACHMENT#3 for the KMA DESIGN exterior signage handout. Ms. Hodges noted that future discussion should be planned to discuss sign placement and inclusion. APPROVED THIS 16th AY F Respectfully submitted, DECE E O �Sharon L'�lAIYJamar west Robert A. Pettit,Mayor City Clerk ATTACHMENT #2 Continuing Disclosure Requirements C North Augusta Public Facilities Corporation/City of North Augusta Series 20176 Voluntary Filing for the Fiscal Quarter Ended September 30, 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: Assessed Value of Taxable Property Fiscal Year Ended Tax Personal December 31 Year Real Property Property 121 Total 2018 2017 $ 82,341,248 $ 27,375,296 $ 109,716,544 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 Iu 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 differenttax yearsfor real and personal pro ertytaxes. ♦� Tax 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 December3l Year(l) Milla a Milla a Millage 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 Itl Due to a law passed in 1980 by the S.C.General Assembly that provided forthe 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. C (continued) 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 CTen Largest Taxpayers in the City The ten largest taxpayers in the City,the assessed value for the fiscal year ended December 31,2018 of the taxable property of each located within the City,and the amount of 2017 taxes paid to the City are as follows: Ten Largest Taxpayers in the City 12/31/2018 Taxpayer Assessed value Taxes Paid S.C.Electric&Gas Co. $ 3,467,500 $ 254,861 Allnex Industries, Inc. 2,702,970 198,668 Wal-Mart,Inc. 2,421,283 177,964 SRP Federal Credit Union 1,181,710 86,856 SUSO 3 Augusta,LP 1,111,260 81,678 Halocarbon Chemicals,Inc. 1,003,940 73,790 CVS SC Distri bution,Inc. 733,160 53,887 The Kroger Company 644,160 47,346 Lowes Home Centers, Inc. 594,072 43,664 Trailer Train-Hamburg Industries 555,950 40,862 C (continued) Tax Collection Record of the City The following table shows the amount of taxes levied for City purposes,including additions and abatements, taxes collected 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: Tax Collection Record of the City Collected within the Fiscal Year of the Levy Total Collections to Date Fiscal Year Ended Taxes Levied Percentage Collections in Percentage December 31 Tax Year n' for Fiscal Year Amount of Levy Subse uent Years Amount of Levy 2018 2017 $ 8,064,166 $ 8,018,222 99.43% $ - $ 8,015,222 99.43% 2017 2016 7,484,042 7,446,013 99.49% 5,716 7,451,729 99.57% 2016 2015 7,026,901 6,992,988 99.52% 7,676 7,000,664 99.63% 2015 2014 6,804,705 6,762,260 99.38% 18,741 6,781,001 99.65% 2014 2013 6,597,073 6,565,216 99.52% 12,362 6,577,578 99.70% 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 an a staggered basis according to expiration of the license tag,the City uses different tax years for real and personal propertytaxes. Outstanding Indebtedness C Outstanding Indebtedness 31/2018 General Obligation Debt $ Tax Increment Debt 43,437,000 Includes Series 2017A-see note below Outstanding Installment Purchase Revenue Bonds 69,450,000 Series 20178 Bonds*see note below Outstanding Lease Purchase Obligations 2019 936,168 2020 577,629 2021 392,885 2022 216,473 Subtotal 2,123,155 Interest 86,661) Present Value of minimum lease payments 2,036,494 Revenue Debt Water and Wastewater Bonds,Series 2014A 10,862,087 Matures February 1,2035 Water and Wastewater Bonds,Series 2015A 9,015,452 Matures December 1,2036 'The North Augusta Public Facilities Corporation purchased the City's 2017A TIF Obligation($43,412,000 outstanding as of 12/31/2018) 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 12/31/2018 equaled$8,777,324. - C (continued) Identified Sources of Installment Payments CGeneral 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 Cay for any corporate purpose of the municipality. The City presently has no general obligation debt outstanding. General Obligation Bonds Fiscal Year Amount 2019M $ 2018 2017 2016 2015 01 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. Local Hospitality Taxes Increase in City Collections C Hospitality over Prior Fiscal Year Taxes Fiscal Year 20191st,2nd,&3rd Qtr(1) $1,372,148 N/A 2018 1,6M,103 118.67% 2017 735,845 3.18 2016 713,152 7.27 2015 664,804 9.68 2014 606,121 5.86 I'I 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 three 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, 2nd,&3rd Qtrnl $ 179,694 N/A 2018 109,092 98.70% 2017 54,904 7.86 2016 50,904 3.68 2015 49,099 (11.39) 2014 55,410 9.88 I'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 Cattributable 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,2nd,&3rd Qtr nl $ 703,703 N/A 2018 751,052 22 2017 613,831 19 2016 516,829 14 2015 453,883 9 2014 417,373 N/A I'I UNAUDITED MIDAssessments 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 an annual basis at an amount equal to an estimate of the TIF revenues that will result from the private improvement C specified in the Master Development Agreement. There have been no MID assessments through 9/30/2019. (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 facilities. Parking Revenues Net % Fiscal Year Amount Growth 20191st,2nd, &3rd Qtr ill $126,235 N/A 2018 108,885 N/A (tl UNAUDITED Stadium Revenues Stadium revenues are received from GreenJackets 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(5) (2) Rent(3) Rights(4) Rent(3) Total 20191st,2nd,&3rd Qtr nl $ 59,392 $ 64,884 $ 100,000 $ - $250,000 $474,276 2018 18,336 - 100,000 100,000 250,000 468,336 nl UNAUDITED C (3)Revenue stream due 1/31/xx of each year forthe prior calendaryear (3)Revenue stream due 4/1/xx of each year (4)Revenue stream due 12/31/xx of each year (s)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. i KMA DESIGN m m z DESIGN DEVELOPw North . Auguste South Caroluids Rkerfronr 1812.03 Exterior Signage Wayfinding KMADESIGN �r�r+wrx r�.e i.�rr•�aw.i vu�swv��-y.winn i®mvm °v'"' 'L o � KMADESIGN e d r NJIS30VWN V V � Q � KMADESIGN * p KMADESIGN ��N/� nur onmwHm.� p i i KMADESIGN * p 1 KMADESIGN