No. CS/CS/HB 4091
Filed under Local Government.
Sarasota and Manatee Counties ; Creates University Town Center Improvement District, independent special taxing district, in Sarasota & Manatee Counties; provides purposes of district; establishes boundaries of district; provides powers of district; creates Board of Supervisors; provides for organization, powers, duties, terms of office, & compensation of board; provides for landowners' meetings & election of supervisors; provides non-ad valorem assessments; provides for issuance of bonds; provides minimum charter requirements; provides boundary changes; requires that certain requirements be set forth under special circumstance.
Plain English Summary
AI-GENERATEDThe bill creates the University Town Center Improvement District, a new independent special district spanning roughly 1,470 acres in Sarasota and Manatee Counties. It will levy non-ad valorem assessments and issue bonds to fund stormwater, flood control, and drainage infrastructure.
The district is governed by a five-member board of supervisors elected on a one-acre, one-vote basis by landowners. The board can levy assessments, issue bonds, and set service rates, but it is explicitly prohibited from levying ad valorem property taxes.
The district's charter can only be amended by a special act of the Florida Legislature. The district is also prohibited from using the power of condemnation to acquire property.
The bill takes effect only if a majority of non-exempt landowners present at a meeting within 20 days of enactment approve it. If approved, the district will begin operations and hold its first annual landowner meeting in June 2026.
AIEstablishes the University Town Center Improvement District as a new independent special district spanning Sarasota and Manatee Counties, granting it the power to levy non-ad valorem assessments and issue bonds to fund stormwater and flood control infrastructure.
AIAuthorizes the district to construct and maintain drainage, flood control, and mosquito control facilities, and to issue revenue and general obligation bonds to finance these projects, subject to specific statutory limits.
AIExplicitly restricts the district from levying ad valorem property taxes and from exercising the power of eminent domain, limiting its revenue sources to non-ad valorem assessments and bond issuance.
AIRequires the district to be governed by a five-member Board of Supervisors elected by landowners on a one-acre, one-vote basis, with voting rights limited to landowners who are not exempt or immune from taxes.
AIPermits the district to remove acreage from its boundaries if commercial or multifamily land is converted to residential condominium use, provided the conversion is recorded and approved by a supermajority of the Board of Supervisors.