§ 4-3.5-164. Purpose and authorization of expenditures.

(a)

The Lemon Bay MSTU is established for the purpose of the construction, reconstruction, repair, paving, repaving, hard-surfacing, re-hard surfacing, widening, guttering and draining of the platted streets in the unit, including the necessary appurtenances thereto, and related maintenance services, facilities, improvements, and programs within the MSTU including, but not necessarily limited to, personnel costs, salaries, operation costs, and capital costs associated with these functions provided by or through Charlotte County for the benefit of the property or residents within the boundaries of the Lemon Bay MSTU.

(b)

Revenues derived from ad valorem taxes levied within the Lemon Bay MSTU shall be used for the purpose of the construction, reconstruction, repair, paving, repaving, hard-surfacing, re-hard surfacing, widening, guttering and draining of the platted streets in the unit, including the necessary appurtenances thereto, and related maintenance services, facilities, improvements, and programs within the MSTU including, but not necessarily limited to, personnel costs, salaries, operation costs, and capital costs associated with these functions.

(Ord. No. 2015-051, § 4, 12-8-15)