SLIDE 1
A copy of this document was provided to those in attendance at the September 12, 2011, 5:00 p.m. Barefoot Bridge Repainting Project Information Meeting held at City Hall. It mirrors the statements made by City representatives during the information meeting. It is intended to provide additional information about the project and to clarify some inaccurate statements and assumptions that have been circulating within the Barefoot Resort & Golf community.
A Brief Review of the City’s Financial Relationship with the Barefoot Resort & Golf Community
Over the past two weeks, there has been verbal and e-mail discussion within the Barefoot Resort & Golf community suggesting that the community has contributed and continues to contribute far more to the financial well-being of the City of North Myrtle Beach than the City does to Barefoot’s financial well-being. This has led some to conclude that the City should pay whatever it takes to accomplish the bridge repainting project without at any time closing the bridge to all vehicular traffic. What follows is a factual assessment of the City’s general fiscal relationship with the Barefoot community.
- Barefoot Resort was developed as a PDD
- It is incorrect to say that the developer of Barefoot Resort & Golf “gave” the City
roads, a bridge and other infrastructure for “free.” The fact is that any new development within the City of North Myrtle Beach is required to provide the infrastructure necessary to service that development, including roads, drainage, water, sewer, etc. This prevents the burden of growth from being disproportional to existing residents citywide. The developer of Barefoot Resort & Golf freely chose to dedicate the infrastructure as public facilities and subsequently dedicated those facilities for City maintenance. This funding liability is now equally shared by all North Myrtle Beach taxpayers.
- When the development was transferred from the original developer to the
successor in interest, two items of infrastructure, the fire station and a new water tower, had not been completed. The City negotiated an agreement to provide the money to construct the fire station (total cost: $1.5 million, City’s portion: $600,000) and the water tower (total cost to City: $2.07 million). The City will receive some but not all of this money back via supplemental impact fees over time.
- The City also completed and paid for road improvements to enhance access to