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this District can be assessed an annual inflator of three percent. This inflator has not been <br />assessed to the parcels in Zone 1 every year since they were annexed into LLMD 2. The <br />levy for parcels in Zone 1 can be increased up to twelve percent in the upcoming fiscal <br />year, however the Engineer's Report for Fiscal Year 2009/2010 indicates a three percent <br />increase. This increase will accommodate the rising utility and maintenance expenses. <br />The proposed levy for fiscal year 2009/2010 is $137.85, an increase of $4.06. <br />Parcels in Zone 2 were annexed to the District at a levy per EBU of $385.15. As allowed <br />by the Engineer's Report, the fiscal year 2009/2010 levy for this zone also identifies a three <br />percent increase to accommodate increasing utility and maintenance costs. The proposed <br />levy for fiscal year 2009/2010 is $396.70, an increase of $11.55. <br />FINANCIAL IMPACT: <br />The Preliminary Engineer's Report is on file in the Office of the City Clerk as prescribed by <br />law and identifies the LLMD 2 operating budget for 2009/2010 to be $107,808. <br />ENVIRONMENTAL IMPACT: <br />None. <br />CONFLICT OF INTEREST — <br />Not Applicable. <br />RECOMMENDATION: <br />Staff recommends that the City Council adopt the following resolutions: <br />1) Resolution Initiating Proceedings for the Colton Landscape and Lighting <br />Maintenance Assessment District No. 2 for Fiscal Year 2009/2010; <br />2) Resolution Approving the Engineer's Report; and <br />3) Resolution setting the Public Hearing Date for this matter on July 7, 2009. <br />Attachments: <br />Exhibit 'A' —FY 2009/2010 Budget <br />Exhibit 'B' — LLMD 2 Map <br />Resolutions <br />REVIEW TEAM ONLY pp.� <br />City Attorney: Finance Director: Q Alwils lS'� <br />City Manager: OTHER: <br />