2003 AGN JUL 15 I01 - Laserfiche WebLink

Browse Search

CITY OF COLTON Item #1 AGENDA REPORT For the Council Meeting of July 15, 2003 TO: Honorable Mayor 8� City Council FROM: Ron Kenny, Community Services Director j ISUBJECT: Resolution Ordering the Levy and Collection of Assessments within the Landscape and Lighting Maintenance District No. 1 (LLMD No. 7) I DATE: July 7, 2003 BACKGROUND: This is the annual Public Hearing for the Levy of Assessments pursuant to provisions of the Streets and Highways Code, Landscape and Lighting Act of 1972, ("AcY'). The City Council, after preliminary review of the Engineer's Report, is required to approve the final report, along with the summary of assessments for the 2003/2004 annual tax levy for LLMD No. 1. DISCUSSION/ANALYSIS: The District provides maintenance, service and operation of landscape and lighting improvements and associated appurtenances located within the public right-of-way and dedicated landscape easements, which are throughout the City. The District includes five (5) distinct Zones. Each Zone has specific improvements 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 parcels within the Zones. Only parcels that receive direct benefit from the improvements are assessed. FINANCIAL IMPACT: The method of assessment spread is based on equivalent dwelling units (EDU) 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 are service provided to fairly apportion the costs. The proposed assessments for 2003/2004 are unchanged from those levied for Fiscal Year 2002-2003 and accounted for in Fund 702. The fiscal year 2003/2004 audited beginning fund balance is $315,858. State law requires special districts to maintain a fund balance of less than $300,000. LLMD #1 currently has a fixed assessment amount that no longer covers the required budget. $84,896 will be transferred from the reserve account to assist in balancing the proposed budget for next fiscal year. The City has been supplementing the LLMD #1 budget by using reserve funds for the past six years. ENVIRONMENTAL IMPACT: None.