Go Bond for Road Improvement Projects in Palm Bay

Maps

GO Bonds - Phase One

Note: Blue color rows indicate completed, Orange color rows indicate in construction and Red color rows indicate in procurement.

Units	Phase	Miles	Awarded Const Cost	Status
Unit 41 and Eldron	1	11.73	$3,074,558.88	Completed Phase 1
Unit 31 and 32	1	41.47	$10,269,206.00	Completed Phase 1
Unit 42 and Garvey	1	33.51	$7,727,462.09	Completed Phase 1
Units 11, 15, 18, 23 and 56	1	56.63	$10,020,961.74	Completed Phase 1

GO Bonds - Phase Two

Note: Blue color rows indicate completed, Orange color rows indicate in construction and Red color rows indicate in procurement.

Units	Phase	Miles	Awarded Const Cost	Status
Pt Malabar Rd from Palm Bay to Babcock St	2	1.66	$996,581.93	Completed Phase 2
Emerson Dr from Minton Rd to C-1	2	2.55	$1,118,119.41	Completed Phase 2
Unit 17	2	13.16	$1,464,994.56	Completed Phase 2
Unit 46	2	23.96	$2,062,215.61	Completed Phase 2
Unit 5	2	6.49	$921,774.75	Completed Phase 2
Unit 1,2,3,4,27,35,43 & 47	2	24.13	$3,617,733.39	Completed Phase 2
Unit 24 & 25	2	45.13	$7,861,368.60	Completed Phase 2
Palm Bay Colony & Kirby Industrial	2	6.09	$1,024,250.95	Completed Phase 2
Driskell Heights/Florida/Farview	2	4.75	$1,135,511.80	Completed Phase 2
Unit 20	2	16.57	$2,535,330.39	Close-Out
Emerson from Amador Ave to Jupiter Blvd	2	1.96	$1,450,948.90	Punch List
Knecht RD & Pt Malabar from Babcock to US 1	2	9.45	$3,772,778.45	In Const 2/23
Northeast Area Misc.	2	17.63	Est $6,671,444.60	NTP 4/3
Country Club 1-10	2	20.9	Est $8,028,694.67	Procurement 3/3

GO Bonds - Phase Three

Note: Blue color rows indicate completed, Orange color rows indicate in construction and Red color rows indicate in procurement.

Units	Phase	Miles	Awarded Const Cost	Status
Unit 48 & Emerson from C-1 to Fairhaven	3	22.97	$5,752,978.47	Punch List
Unit 30	3	30.10	$11,625,262.15	FDR & Paving
Units 13, 14 and Madden and Osmosis	3	33.13	Est $10,945,848.18	Reviewing Bids
Units 22 & 37	3	25.58	Est $5,300,108.29	Waiting on pipes Phase 3
Unit 57	3	2.58	Est $2,055,484.95	Procurement Feb

GO Bonds - Phase Four

Note: Blue color rows indicate completed, Orange color rows indicate in construction and Red color rows indicate in procurement.

Units	Phase	Miles	Awarded Const Cost	Status
Phase 4: Units 6, 44, 45, 50 and 55	4	96.7	Est $13,838,501.03	Phase 4 Estimates

GO Bonds - Phase Five

Note: Blue color rows indicate completed, Orange color rows indicate in construction and Red color rows indicate in procurement.

Units	Phase	Miles	Awarded Const Cost	Status
Phase 5: Units 26, 38, 39 & 40	5	19.39	Est $2,010,076.81	Redo design plans
Phase 5: Melbourne Poultry Colony, Units 21, 7, 8, 29, 28, 19, 10, 9, 36, 12 & 16	5	223.71	Est $37,673,563	Phase 5 Estimates
Phase 5 Unit 49	5	28.4	$16,153,422	Phase 5 Estimates

TBD

Note: Blue color rows indicate completed, Orange color rows indicate in construction and Red color rows indicate in procurement.

Units	Phase	Miles	Awarded Const Cost	Status
Madden and Osmosis	TBD	3.8	Est $2,408,972.08	Estimates

FAQs

What is GO Roads?

GO Roads is a proposed General Obligation Bond series intended to fund projects that will improve local roadways and ancillary facilities within the City of Palm Bay. The GO Roads program passed on Referendum No. 2: Bonds for Road Improvement Projects in Palm Bay in November 2018. Since passed, Referendum No. 2 would authorize the City to issue GO Bonds in an amount not to exceed $150,000,000 payable from annual ad valorem taxes.

What is a General Obligation Bond (GO Bond)?

A General Obligation Bond, also known as a GO Bond, is City-issued debt that is financially backed by ad valorem (property) taxes. A GO Bond must be approved by the voters before proceeding. The City’s proposed issuance of the GO Bonds to fund GO Roads was presented on the November 2018 General Election ballot and was passed by the voters.

Why issue GO Bonds?

GO Bonds will make funding available for needed road improvements and are considered to be the most cost-effective bonds to issue, typically offering the lowest interest rate when compared to other bond types.

How much will the GO Bond cost me as a homeowner?

The GO Bond cost for homeowners will vary based on the Taxable Value Non-School amount reflected on your annual tax bill.

How do I find my home’s Taxable Value Non-School?

Your home’s Taxable Value Non-School is the assessed value of the property less exemptions. Property owners can determine their “Taxable Value Non-School” by going to the Brevard County Property Appraiser’s website or reviewing their latest tax bill. See image below for example of where to find the Taxable Value Non-School for your home on the property appraiser website.

Taxable Value Non School Example
Click to enlarge image

What are the "Phase One" annual and monthly costs based on Taxable Value Non-School of my home?

The table below shows examples of the "Phase One" annual cost to homeowners.

$50 Million GO Bond Issue - 2o Year Maturity - Level Annual Debt Repayment
		Estimated Millage Rate:0.8296
Scenarios of Impact on homes (Exemptions deducted)	Estimated Annual Cost	Monthly Breakdown	(%) Total # of Properties in this Range
Annual Tax Levy on $10k Taxable Value Non-School	$8.30	$0.69	46.35%⁽⁴⁾
Annual Tax Levy on $50k Taxable Value Non-School	$41.48	$3.46	26.27%
Annual Tax Levy on $75k Taxable Value Non-School	$62.22	$5.19	8.42%
Annual Tax Levy on $100k Taxable Value Non-School	$82.96	$6.91	6.01%
Annual Tax Levy on $200k Taxable Value Non-School	$165.92	$13.83	12.96%

Estimated Annual Cost: Calculated by dividing the Taxable Value Non-School by 1,000 x .8296 mils (if someone wants to calculate for an amount not shown above). Applies to the November 2019 Tax Bills only. The amount will increase as additional bonds are issued for future years.

Since the GO Bond referendum is approved, when is the earliest the charge will appear on the tax bill?

November 2019

When will the GO Roads program begin?

The City of Palm Bay is estimating the first wave of identified projects will begin in October 2019.

Will the GO Bond eliminate the stormwater assessment?

No.

Are there any exemptions available?

The amount charged to a parcel is based on the Taxable Value Non-School for that parcel. If an institution is wholly tax exempt, they would not pay. Similarly, if a person receives a deduction or exemption in property taxes for any reason, that would reduce their fee.

How will the bonds be paid off?

Issued bonds will be paid for by all current and future taxpayers living in Palm Bay over the life of the bonds.

What can bond funds be used for?

The money received from the bond can only be used for approved items and projects that have been specified in the bond referendum question.

How will GO Roads projects be implemented?

Roads projects will be recommended by City staff and the Infrastructure Advisory and Oversight Board (formerly Local Road Advisory Board) and chosen by the City Council.

Who will manage and have oversight over the funds generated from GO Bond?

The City’s Finance and Procurement departments will manage the day to day oversight of the bond funds and expenditures. The City’s current Infrastructure Advisory and Oversight Board will monitor the project activity. The oversight committee will also provide updates to citizens on spending, status, and outcome of projects.

What does certain language on the ballot mean?

Local roadways – streets and roads owned and maintained by the City of Palm Bay.

Ancillary facilities – things associated with the roadways but not necessarily pavement: for instance, sidewalks/trails, streetlights, and underground pipes related to the roadway.

Eliminating potholes – road improvements may include resurfacing to eliminate potholes and provide safer streets.

Maximum legal rate – the highest rate of interest the City is authorized to borrow money at. The maximum legal rate is determined pursuant to Section 215.84, Florida Statutes.

Road Reconditioning Methods

Road reconditioning methods used by the City of Palm Bay

Rejuvenation
Milling and Paving
Thin Lift
Full Depth Reclamation (FDR)
Full Reconstruction

What is Rejuvenation?

Rejuvenation utilizes Reclamite®, a Maltene based treatment that is typically used on roads that are 1-5 years old, and can be done a few more times to further extend the life of the pavement. It is a low cost option that improves the durability and life of the pavement by 4-6 years, and it seals the surface against intrusion of air and water elements.

What are Rejuvenators?

Pure Maltene based rejuvenators are translucent and leave pavement marking visible with no need for restriping. The Maltenes are asphalt binders that seals ¼” cracks in the asphalt pavement.

Why is this process necessary?

The penetrating sealer we are using has been the most widely used Pavement Rejuvenator in the market for over 50 years. This product simply replaces the vital ingredients that have been lost from the pavement’s binder over time due to exposure to the suns UV rays and wet weather. Without timely preventive maintenance, an asphalt road will deteriorate faster than necessary.

The maintenance treatment being provided on your street will help your agency protect one of their largest assets and give you a road that will provide years of additional service. This Preventive Maintenance process is a most economical use of your tax dollar.

Points to remember during the rejuvenation process:

You will have access to your driveway at all times. During the short application period any work crew member can assist you.
Remove parked cars from along the edge/side of the road between the hours of
7:30 a.m. - 5:00 p.m.
Please observe all signs & flagman’s directions
Sand cover will be swept up within two days. Use CAUTION when driving on loose sand.
Drive SLOWLY (5 mph) if you accidentally enter a freshly treated area.
For special events, moving, garage sales, etc, call 1-800-333-6309 for assistance.
Keep children & pets out of treated areas to avoid tracking into houses.
Material tracked onto driveways will weather off in three weeks or less leaving no stain.
Please refrain from using lawn sprinklers, washing cars, etc on the day of treatment. Pavement must be dry.
Rain will delay work until the following day.
Remember, any work crew member can assist you during the actual application.

Milling and Paving

The existing asphalt pavement surface is milled and then typically paved with a 2" thick layer of new asphalt pavement.

Thin Lift Overlay

The existing pavement surface is repaired of cracks and pots holes an then a 1.5" thick layer of asphalt overlay is placed on top of the existing pavement

Full Depth Reclamation (FDR)

The Full Depth Reclamation (FDR) process pulverizes the existing asphalt and base material, mixes cement and water, and compacts the materials to produce a strong, durable base for the new road. Then the asphalt is placed on top of the new base structure.

Full Reconstruction

The existing roadway is completely removed of the pavement and base material and then reconstructed by compacting sub-base and adding a new 8" thick base rock compacted and 2" think asphalt pavement.

Should you have any further questions regarding road conditioning processes, please contact Palm Bay Public Works Customer Service at (321) 952-3438 option 5.