The proposed changes, yet to be finalized, aim to grant flexibility in responding to emergencies or undertaking critical safety and public health projects. Currently, North Port’s charter mandates voter consent for any borrowing, a restriction city officials argue has hindered timely infrastructure development.
Highlighting the urgency, the city has prominently displayed a notice on its homepage under a bold “Nov. 5 Charter Referendum” banner. This move is part of a broader effort to inform residents about the upcoming decision and encourage engagement.
In recent discussions, North Port’s bond counsel noted the rarity of such restrictive borrowing policies among municipalities. The push for charter amendment gained momentum following deliberations over significant projects like the proposed $122 million police station, which under current rules would necessitate costly and less frequent referendums.
Historically, North Port has adopted a pay-as-you-go approach to fund capital projects, delaying crucial developments until sufficient funds were amassed, as highlighted on the city’s referendum information page. This method, while prudent, has led to delays and unexpected cost escalations, such as the Price Boulevard widening project, initially budgeted at $3 million but now projected at $80 million.
To address a growing list of infrastructure needs totaling over $1.8 billion, North Port seeks to streamline its ability to borrow for essential public works. The proposed amendment would authorize borrowing up to $15 million for emergencies or critical projects without waiting for the next biennial election cycle.
Before the referendum can proceed, the precise wording must undergo scrutiny and approval. The initial reading of the proposed amendment is scheduled for the upcoming City Commission meeting, inviting public discourse on the matter.
For further details on the referendum and meeting agenda, residents are encouraged to visit the city’s legislative portal at cityofnorthport.legistar.com.