Damage from erosion along the road has occurred largely to private property, which is subject to state and federal permitting requirements. Easements would be required by each property owner to allow construction of new coastal protection measures by the county. State statutes strictly limit under what circumstances local governments can repair and maintain county owned public property as opposed to private property.
In 1988, the Sarasota County Commission adopted Ordinance No. 88-75 establishing the North Casey Key Special Tax District (which includes every property between 615 Casey Key Road and 1600 North Casey Key Road). The ordinance also established a Municipal Services Taxing Unit (MSTU), with a five-year assessment from 1991 to 1996 to fund two revetments and other devices to correct coastal storm and water damage. The MSTU contributed 50% of the funding for backfill, construction of revetments, riprap and shore protection devices along Casey Key Road. The other 50% was funded by Sarasota County.
In addition to the initial revetment project, the ordinance acknowledges the intent and applicability of its use for future repairs or construction of shoreline protection structures along Casey Key Road.
Two options are proposed for the MSTU to fund 50% of the currently proposed project:
- An estimated five-year payback period with a millage of 1.1100, during which a property owner would pay $93 per month per million of taxable property value.
- An estimated 10-year payback period with millage of 0.6022, during which a property owner would pay $50 per month per million of taxable property value.
Both figures are based on projected tax values for 2019 and include debt service and collection fees.