2003 AGN JUL 01 I14 - Laserfiche WebLink

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Engineer's Report Landscaping, Lighting and Maintenance District No. 2 FY 2003-2004 The District Budget: An estimate of the annual costs to maintain and service the landscaping and lighting improvements installed and constructed as pan of the development of properties within the District. The initial maximum assessment and assessment range formula established for the District was based on property development plans and estimated annual cost and expenses associated with all improvements to be accepted and maintained by the City at build -out. The assessments and costs associated with the improvements for the first fiscal year (2002/2003) and all subsequent years shall be based on the estimated annual cost of operation and maintenance of the District improvements for that fiscal year. The initial maximum assessment (Rate per Benefit Unit), as determined by a vote of property owners, was set at $122.48. An Assessment Range Formula described herein shall adjust this maximum assessment annually. Part IV District Diagrams: Diagrams showing the exterior boundaries of the District. Parcel identification, the lines and dimensions of each lot, parcel and subdivision of land within the District, shall be the parcel as shown on the Boundary Diagram contained within this Report. Reference is hereby made to the San Bernardino County Assessor's maps for a detailed description of the lines and dimensions of each parcel within the District. Part V Assessment Roll: A listing of the maximum assessment per Equivalent Dwelling Unit (EDU) and the proposed assessment per Equivalent Dwelling Unit for fiscal year 2003/2004 to be applied on the tax rolls. B. Overview The purpose of the District is to ensure the ongoing maintenance, operation and servicing of local landscaping improvements installed in connection with development of properties within the District. This District will provide the financial mechanism (annual assessments) by which the ongoing operation and maintenance of these improvements will be funded. The Report describes the District improvements, method of apportionment , and the proposed assessments for Fiscal Year 2003/2004. The assessments are based on the historical and estimated direct expenditures, incidental expenses, and reserves necessary MuniFinancial Page 2