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<br /> <br />City of Zephyrhills <br />e~ aI iZ'evte 1U~ <br /> <br />5335 Eighth Street . Zephyrhills. Florida 33540-431 2 <br />(81 3) 780-0000 . FAX (81 3) 780-0005 <br /> <br />A. ROY BURNSIDE <br />Mayor <br /> <br />February 21, 2002 <br /> <br />CITY COUNCIL <br /> <br />Mr. Jay Patel <br />Holiday Inn Express <br /> <br />CATHIl. COMPTON <br />Council President <br /> <br />Dear Mr. Patel: <br /> <br />JAMES A, BAILEY <br />Vice President <br /> <br />As we have discussed, the City of Zephyr hills does have provisions to <br />accept a down payment and establish a payment plan for water and <br />sewer connection fees and transportation impact fees. <br /> <br />CLYDE C. BRACKNEll <br /> <br />In this instance, for the proposed Quality Inn Suites, estimated utility <br />connection fees are in the vicinity of$87,900. Proposed estimated <br />transportation impact fees are $61,000, <br /> <br />MICHAEL M, BUSSELL <br /> <br />ELIZABETH A. GEIGER <br /> <br />With a down payment of $30,000, the city could finance the balance, at <br />a length of term to be agreed upon, charging an annual interest rate of <br />9% - the current rate used for all balances due, <br /> <br />STEVEN F, SPINA <br />City Manager <br /> <br />Furthermore, as we discussed, you would be charged the connection <br />rate or transportation impact fee due at the time you apply for and <br />receive proper permits. I mention this because the city presently is <br />reviewing how it charges for connection fees and this current <br />methodology could change in the near future. <br /> <br />LINDA 0, BOAN <br />City Clerk <br /> <br />Please don't hesitate to contact me if I may be of further service. <br /> <br />THOMAS p, McALVANAH <br />City Attorney <br /> <br />Sincerely, <br /> <br />~-h /' . <br />....) I tu ~l:/ L--=t_ <br />Steven F, s'9'na <br />City Manager <br />