FINANCIAL_SERVICESPENDING

Town of Melbourne Beach Regular Town Commission Meeting Agenda Packet 2026-05-21

Town to renew SOIRL surtax interlocal funding agreement

Town of Melbourne BeachSAVE OUR INDIAN RIVER LAGOON (SOIRL)May 21, 2026

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Description

The Town of Melbourne Beach is asked to approve renewal of the Save Our Indian River Lagoon (SOIRL) Local Infrastructure Surtax Interlocal Agreement, which will continue the existing framework for distributing renewed half‑cent sales surtax revenues to fund Indian River Lagoon restoration projects through 2036. The agreement maintains county administration of the trust fund while allocating TMDL credits among Brevard County and its municipalities based on updated population formulas.

Contract Details

Vendor

SAVE OUR INDIAN RIVER LAGOON (SOIRL)

Agency

Town of Melbourne Beach, FL

Contract Type

FINANCIAL_SERVICES

Document Date

May 21, 2026

Contract Term

January 1, 2027 – December 31, 2036 (conditional on surtax renewal)

Renewal Date

2036-12-31

Renewal Info

Renewal of the original 2019 SOIRL interlocal agreement; continues deposit of all surtax revenue into the Save Our Indian River Lagoon Trust Fund and distribution per interlocal formula and TMDL credit allocation tables based on 2016 and then 2020 census populations. Effective upon execution by the last municipality needed to exceed 50% of county municipal population and contingent on voter approval extending the surtax to December 31, 2036.

Issuing Agency