1996 AGN AUG 06 I25 - Laserfiche WebLink

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. . ,:.. ._...._.; . _ ... . , .. . .. ,... ... ._ . :..I... . .._ . _ . City of Colton AGENDA REPORT FOR COUNCIL MEETING OF JULY 16, 1996 TO: HONORABLE MAYOR AND CITY COUNCIL APPROVAL: NABAR ENRIQUE MARTINEZ, CITY MANAGER�I� FROM: ANNA A. VEGA, FINANCE DIRECTOR� SUBJECT: DATE: RESOLUTION APPROVING THE FINAL ANNUAL LEVY REPORT FOR THE LANDSCAPE AND LIGHITNG MAINTEANCE DISTRICT NO. 1(LLMD NO. 1) JULY 10, 1996 BACKGROUND � At the June 4, 1996 Council Meeting the preliminary engineer's report was presented outlining the proposed revenues and expenditures for the 199&97 fiscal year. Pursuant to provisions of the Streets an Highways Code, Landscape and Lighting Act of 1972, the City of Colton after preliminary review of the engineers reports is required to approve the final engineers report. Herewith, attached is the 1996-97 annual tax levy for the LLMD No. 1. DISCUSSION/ANALYSIS The District provides maintenance, service and operation of landscapes and lighting improvements and associate� appurtenances located within the public right-away and dedicated landscape easements which are throughout the City. As stated above, the District includes five (5) distinct Zones. Each Zone has specific improvement and services that provide special and direct benefit to the parcels within the Zones. The costs associated with the improvements, are equitably spread between all benefiting parceis within the Zones. Only parcels that receive direct benefit from the improvements are assessed. The method of assessment spread is assessed on equivalent dwelling units (EOU) per parcel. Pursuant to the Act, the costs of the District may be apportioned by any formula or method that fairly distributes the net amount to be assessed. The formula used for each zone reflects the composition of the parcels, and the improvements and service provided, to fairly proportion the costs. FINANCIAL IMPACT The 1996-97 proposed assessment are the same as the 1995-96 levy. The proposed residential annual assessment for the existing Zones are; Cooley Ranch, $52.82; La Loma Hills $0; O�d Colton, $53.56; Reche Canyon $50.62 and West Valley, $85.94. These funds are accounted for in fund 02. � Anna A. Vega, Finance Di ct ALTERNATIVES None RECOMMENDATION � Adopt the resolution approving the 1996-97 final annual levy report for the City of Colton landscape and lighting maintenance district No. 1. Attachments: Resolulion