(19)AR 050608 LLMD 2 - Laserfiche WebLink

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zones within this District can be assessed an annual inflator of three percent. This inflator has not been assessed to the parcels in Zone 1 each year. The levy for parcels in Zone 1 can be increased up to twelve percent in the upcoming fiscal year. The Engineer's Report for Fiscal Year 2008/2009 indicates a three percent increase to those parcels assessed in Zone 1 of this District to accommodate for an increase in utility and maintenance expenses; the proposed levy for fiscal year 2008/2009 is $133.84, an increase of $3.90. Parcels in Zone 2 were annexed to the District at a levy per EBU of $385.15. The Engineer's Report for Fiscal Year 2008/2009 does not indicate any change to the levy for parcels in Zone 2. The resolution attached to this report will be advertised in the local newspaper to inform the community that a public hearing will be held on June 17, 2008, at 6 p.m., for the LLMD 2 Fiscal Year 2008/2009 Engineer's Report. FINANCIAL IMPACT: The reflected operating budget for fiscal year 2008/2009 in the Engineer's Report totals $104,670; LLMD 2 is self sufficient and will not have an impact on the general fund. ENVIRONMENTAL IMPACT: None. CONFLICT OF INTEREST — Not Applicable. RECOMMENDATION: Staff recommends that the City Council adopt the following resolutions: 1) Resolution Initiating Proceedings for the Colton Landscape and Lighting Maintenance Assessment District No. 2 for Fiscal Year 2008/2009; 2) Resolution Approving the Engineer's Report; and 3) Resolution of Intention Setting the Public Hearing Date for this matter on June 17, 2008. Attachments: Exhibit 'A' — Proposed FY 2008/2009 Budget Exhibit 'B' — LLMD 2 Map 3 Resolutions Prepared by: Maritza Tapia, Public Works REVIEW TEAM ONLY 1 City Attorney: M -VAO& Finance Director: City Manager: