2004 AGN JUL 06 I02 - Laserfiche WebLink

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Item #2 CITY OF COLTON AGENDA REPORT FOR COUNCIL MEETING OF JULY 6, 2004 TO: HONORABLE MAYOR AND CITY COUNCIL FROM: Amer Jakher, City Engineer SUBJECT: Approval of 2 Resolutions for LLMD2 : 1)Resolution Approving the Final Engineer's Report and 2) Resolution Approving the Order of the Levy and Collection of Assessments. DATE: June 29, 2004 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. 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 2004/2005 annual tax levy for LLMD No. 2. 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. The District includes ail parcels of land within the residential subdivisions known as Laing Homes, Greystone Homes and Young Homes. The costs associated with the improvements are equitably spread between all benefiting parcels within the District. 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 this District reflects the composition of the parcels and improvements are provided to fairly apportion the costs. The proposed assessments for 2004/2005 are unchanged from those levied for Fiscal Year 2003/2004; $122.48 levy per EDU. As the District is not increasing its levy for the fiscal year 2004/2005 the Parks Division will need to subsidize 10% of the one position funded by LLMD No. 2. LLMD No.2's fund 702 will only be able to afford 90% of its Maintenance Worker II's salary, benefits and taxable benefits; the Park's account 100-6150-6205 will absorb the remaining 10% of salary, benefits and taxable benefits for this funded position. Currently, LLMD No. 2 has not accrued a reserve fund. ENVIRONMENTAL IMPACT: None.