§ 2-332. Definitions.

The following terms, whenever used or referred to in this part, have the following meanings:

Ad valorem revenues shall mean the portion of ad valorem revenues expended by the county during a fiscal year for transportation capital expenses, excluding tax increment revenues.

Base taxable valuation shall mean the taxable valuation which will be utilized to determine Pasco County's ad valorem tax revenues for the fiscal year commencing October 1, 2012.

Bonds shall mean any bonds (including refunding bonds), notes, interim certificates, certificates of indebtedness, debentures, lease agreements, or other obligations intended to provide financing for the accomplishment, in whole or in part, of transportation capital improvements.

Bond repayments shall mean the repayment of any bonds pursuant to section 2-334(1) of this division.

Collection/benefit district shall mean one of the three mobility fee collection/benefit districts adopted pursuant to the mobility fee ordinance for purposes of regulating the appropriation and expenditure of mobility fees.

Community redevelopment areas shall mean community redevelopment areas adopted pursuant to the Community Redevelopment Act (F.S. ch. 163, pt. III).

Gas tax revenues shall mean the portion of the gas and fuel taxes expended by the county during a fiscal year for transportation capital expenses, excluding the portion of such taxes for which a revenue credit was given to development paying a mobility fee pursuant to the mobility fee ordinance.

Mobility fee or mobility fees shall mean the multi-modal impact fees adopted pursuant to the mobility fee ordinance.

Mobility fee fund or mobility fee funds shall mean the three collection/benefit district funds established by the mobility fee ordinance.

Mobility fee ordinance shall mean Section 1302.2 of the Pasco County Land Development Code, as it may be amended from time to time.

Mobility fee subsidy shall mean the amount of tax increment funds to be transferred from the Pasco County multi-modal transportation fund into the mobility fee funds on or before April 1 of each year to ensure payment for the portion of the mobility fees that were subsidized or bought down with other revenue sources during the prior fiscal year. The mobility fee subsidy is calculated for each collection/benefit district as the difference between the total amount of all mobility fees collected in the collection/benefit district during the prior fiscal year (not including any administration fees) and the amount of mobility fees that would have been collected in the collection/benefit district during the prior fiscal year (not including any administration fees) had there not been any subsidy or buydown, plus the interest on such difference, less (a) the bond repayments in the collection/benefit district during the prior fiscal year, and (b) gas tax revenues, ad valorem revenues and sales tax revenues expended in the collection/benefit district during the prior fiscal year.

Mobility fee subsidy deficiency or deficiency shall mean there are insufficient tax increment funds in the multi-modal transportation fund during any fiscal year to make a required mobility fee subsidy transfer to any of the mobility fee funds.

Mobility fee subsidy surplus or surplus shall mean the amount by which (a) the gas tax revenues, ad valorem revenues, sales tax revenues and tax increment revenues expended during a fiscal year for transportation capital improvements within a particular collection/benefit district, plus (b) any bond repayments during the same fiscal year within the same collection/benefit district, exceeds (c) that fiscal year's required mobility fee subsidy for the same collection/benefit district.

Participating municipalities shall mean those Pasco County municipalities that have opted into the Pasco County mobility fee program by:

(a)

Adopting a mobility fee ordinance,

(b)

Repealing any inconsistent municipal ordinances, and

(c)

Entering into an interlocal agreement with Pasco County governing collection and expenditure of mobility fees and tax increment funds.

Participating municipality tax increment revenues shall mean the portion of tax increment revenues that is generated from the real property in the participating municipality, excluding any community redevelopment areas. The calculation of the participating municipality tax increment revenues is the same as the calculation of the Pasco County transportation district tax increment revenues, except that the taxable valuation for the participating municipality tax increment revenues is based only on the nonschool taxable value of all real property within the participating municipality, excluding any community redevelopment areas.

Participating municipality transportation capital improvements shall mean transportation capital improvements that benefit the participating municipality, as determined by the interlocal agreement with the participating municipality.

Participating municipality transportation operation and maintenance expenses shall mean transportation operation and maintenance expenses that benefit the participating municipality, as determined by the interlocal agreement with the participating municipality.

Pasco County transportation district means the unincorporated area of Pasco County on the date of adoption of this division, excluding the Lacoochee/Trilby redevelopment district created pursuant to division 4. Annexation of additional lands by any Pasco County municipality after the adoption date of this division shall not affect the boundaries of the Pasco County transportation district. The Pasco County transportation district shall also include participating municipalities, but shall exclude any community redevelopment areas.

Pasco County multi-modal transportation fund or fund shall mean the fund so designated and created pursuant to this division.

Sales tax revenues shall mean the portion of the local government infrastructure surtax (Penny for Pasco) expended by the county during a fiscal year for transportation capital expenses, excluding the portion of such taxes for which a revenue credit was given to development paying a mobility fee pursuant to the mobility fee ordinance.

Taxable valuation shall mean the final nonschool taxable value of all real property within the Pasco County transportation district as determined by the Pasco County property appraiser.

Tax increment funds means the money on deposit in the Pasco County multi-modal transportation fund created pursuant hereto.

Tax increment revenues means an amount equal to those certain incremental amounts of ad valorem property taxes of the county for the properties within the Pasco Count transportation district and deposited in the Pasco County multi-modal transportation fund.

Tax increment shall mean 97 percent of the ad valorem tax revenues generated by applying the millage rate in effect for the current fiscal year, exclusive of any debt service millage, to 33.33 percent of the difference between the current taxable valuation and the base taxable valuation.

Transportation capital improvements shall mean transit infrastructure (including buses, park and ride lots, bicycle racks, signage and shelters); collector and arterial roadways, intersections, interchanges, bridges, traffic signals and advanced traffic-management systems; sidewalks; and multiuse paths and trails; as well as the necessary infrastructure to support the construction of such facilities, such as curbs, gutters, medians, shoulders, drainage areas, wetland/floodplain mitigation areas, landscaping, benches and signage.

Transportation capital expenses shall mean the following expenditures for transportation capital improvements:

(a)

The repayment of principal and interest or any redemption premium for loans, advances, bonds, bond anticipation notes, and any other form of indebtedness then outstanding.

(b)

Administrative and overhead expenses of the county necessary or incidental to the implementation of the transportation capital improvements.

(c)

Expenses of planning, corridor and alternatives analysis, route studies and pond siting analysis reports, soil borings, tests, surveys, construction plans, and legal and other professional advice or financial analysis relating to transportation capital improvements, including the reimbursement of the county for such expenses incurred before the transportation capital improvements were approved and adopted into the transportation capital plan.

(d)

The acquisition of real property or interest therein, including leaseholds, for the transportation capital improvements, including the costs incurred in connection with the exercise of eminent domain.

(e)

The clearance and preparation of any transportation capital improvement site, including the demolition of structures on the site.

(f)

All expenses incidental to or connected with the issuance, sale, redemption, retirement, or purchase of bonds, bond anticipation notes, or other form of indebtedness, including funding of any reserve, redemption, or other fund or account provided for in the ordinance or resolution authorizing such bonds, notes, or other form of indebtedness.

(g)

Costs of design and construction, including maintenance of traffic during construction.

Transportation capital expenses shall not include transportation operation and maintenance expenses.

Transportation operation and maintenance expenses shall mean expenses associated with the operation and maintenance of transportation capital improvements, including cleaning, repairs, mowing, landscape maintenance, resurfacing that does not expand transportation capacity, and fuel and salary costs for the operation of transit systems.

Villages of Pasadena Hills shall mean the J. "Ben" Harrill Villages of Pasadena Hills stewardship district, a dependent special district. The boundaries of the J. "Ben" Harrill Villages of Pasadena Hills stewardship district are established in Section 602 of the Pasco County Land Development Code, as amended from time to time.

Villages of Pasadena Hills financial plan shall mean the financial plan for the Villages of the Pasadena Hills adopted pursuant to Policy FLU 6.5.10 of the comprehensive plan, as amended.

Villages of Pasadena Hills tax increment revenues shall mean the portion of tax increment revenues that is generated from the real property in the Villages of Pasadena Hills. The calculation of the Villages of Pasadena Hills tax increment revenues is the same as the calculation of the Pasco County transportation district tax increment revenues, except that the taxable valuation for the Villages of Pasadena Hills tax increment revenues is based only on the nonschool taxable value of all real property within the Villages of Pasadena Hills.

Villages of Pasadena Hills transportation capital improvements shall mean transportation capital improvements that benefit the Villages of Pasadena Hills, as determined by the Villages of Pasadena Hills financial plan. As more fully set forth in the Villages of Pasadena Hills financial plan, the board of county commissioners has determined that the planned future I-75/overpass road interchange is a transportation capital improvement that benefits the Villages of Pasadena Hills.

(Ord. No. 11-09, § 2, 7-12-11; Ord. No. 12-17, § 1, 7-10-12; Ord. No. 14-30, § 2, 11-5-14)