Launch Welcome slide

EMILIE SMITH, BUDGET MANAGERCITY OF FORT LAUDERDALE

JANUARY 2015

Funding Solutions: The Fort Lauderdale Journey

Tackling Climate Change &Creating a Sustainable City

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Fort Lauderdale Strategic Plan

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Fort Lauderdale Challenges

Renewal and ReplacementNew Infrastructure for

Long-term Sustainability and Resiliency

Reduce RiskFair and Equitable for Residents

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Fort Lauderdale Challenges

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Our Approach

Identify Comprehensive Needs

Update Stormwater Assessment Fee

Fair and Equitable Rate Structure

Innovative Approach

Evaluate Alternatives

Define High Risk Areas and Various Property Classes

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Estimated Funding Needs

Now - 4 years 3 - 5 years 10 years

$12 millionEstimated cost:

$150 millionEstimated cost:

$1 billionFunded at $12M Un-funded Un-funded

-Increased maintenance

-Increased maintenance

- 34 projects in select locations currently under development

- Identified 7 neighborhoods in need, but not the tools we might apply to them

- To apply the right tools in all necessary places for the "Stormwater Design of the Future"-Design study for

Phase II -Increased maintenance

PhaseI

PhaseII

PhaseIII

High-priority projects affect

0.15% of City and are designed

at new level of

7 neighborhoods represent 14% of the

City and either have no infrastructure or

outdated stormwater infrastructure

Improving thelevel of service

throughout the City and reducing the

risk of flooding

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Estimated Funding Needs

$12 million over next 4 years

$150 million in Capital Projects in FY 2019

$1 billion over the next 20 years

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The Fort Lauderdale Approach

Ten Year Study/Projection

Stormwater Rate Study

Interactive Modeling to Test Sensitivity

Bifurcated or Trifurcated Rate StructureRates Based Upon High Risk Areas and Various Classes

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Range of Stormwater Rates

Stormwater Rates Across The State

Lowest = $3.00 per Single Family Residential

Fort Lauderdale Current =$4.09 per Single Family Residential

Highest = $16.67 per Single Family Residential

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Stormwater 10 Year Study

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Study Recommendations

Fort Lauderdale 10 Year Rate Adjustment Forecasted Need

Monthly Residental BillCurentRate FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024

Stormwater Service 4.09$ 6.00$ 8.00$ 10.00$ 13.00$ 16.00$ 19.00$ 22.00$ 25.00$ 25.00$

Percentage Adjustments

Stormwater Service 46.34% 33.33% 25.00% 30.00% 23.08% 18.75% 15.79% 13.64% 0.00%

Dollar Change in Monthly Bill

Stormwater Service 1.90$ 2.00$ 2.00$ 3.00$ 3.00$ 3.00$ 3.00$ 3.00$ -$

This Assumes a Flat Rate for All Residential Units

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Stormwater Rate Options

New Rate Structure Options for Stormwater Assessment Fee

Flat Rate for Property Class typesDoes not consider risk factors

Bifurcated SystemConsiders multiple property factors

Trifurcated SystemConsiders multiple property factors

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Stormwater Rate Study

Factors to Consider in New Rate Structure

Property TypesVarious Classes and Sizes Hydrologic AreasRisk FactorsLow ElevationProximity to Tidal

WaterRepetitive Loss

Properties/Areas

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Nest Steps

Analyze impact to all Property Classes

Inform and Educate

Present New Rate Structure with Proposed Budget

Leverage Grant Funds

Leverage various projects with common goals

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[ p l a c e h o l d e r ] r o t a t i o n e n d i n g s l i d e s h e r eThank you!

ADAPTATION ACTION AREAS

Emilie SmithCity of Fort Lauderdale