Seawall Progress Update

If you were not already aware, the Dock Solutions contract has been signed and is fully executed.

On May 18, 2018, the Harbor Bay CDD (District) engaged Dock Solutions to repair the District’s remaining 33,144 linear feet of seawall. The contract with Dock Solutions provides that an FRP wall will be installed throughout the vast majority of the community. The total cost of the repairs, including associated engineering and legal fees, is estimated to be $10.2 million.
With the recent resolution of litigation, the Board anticipates obtaining bond financing; however, because assessments included in the County’s Tax Roll need to finalized by August 2018, the Board may need to raise an additional $2 million to cover reconstruction costs prior to bond financing becoming available.
In fiscal year 2018/2019 and over the next 3-5 years, it is the intention of the Board of Supervisors to keep CDD fees at or below the total assessments levied in the 2017/2018 fiscal year (see Table 1)*.

Table 1
Lot Type Assessment
Townhome (w/series 2002 Debt) $1,917.88
Villas (w/Series 2002 Debt) $3,068.22
Single Family 50′ (w/Series 2002 Debt) $3,834.78
Single Family 60′ (w/Series 2001 Debt) $4,564.16
Single Family 60′ (w/Series 2002 Debt) $4,602.33
Single Family 70′ (w/Series 2001 Debt) $5,324.86
Single Family 80′ (w/series 2001 Debt) $6,085.55
Single Family 80′ (w/series 2002 Debt) $6,136.45
Single Family 100′ (w/series 2002 Debt) $7,606.93
Single Family 100′ (w/series 2002 Debt) $7,670.54
Commercial $9,245.55

Dock Solutions estimates repairs will begin during the 3rd week of June.

A detailed work schedule outlining dates and work locations can be found at

https://harborbaycdd.org/files/2018-05-19-Harbor-Bay-CDD-Seawall-PriorityMap.pdf

District Staff will update this schedule on an ongoing basis.

* Changes in Board composition or unanticipated events or expenses may lead to higher
assessments.