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assessments by three (3) percent in order to maintain the improvements within District 2. <br />This fiscal year's levy per EBU for LLMD 2 will increase from $122.48 to $126.15; the <br />increase will levy for FY 2003/2004 is 126.15. As the increase does not exceed the <br />adjusted Maximum Allowable Assessment it may be applied without additional property <br />owner balloting. This is in compliance with Proposition 218; its legislative changes to the <br />Brown Act defined a 'new or increased assessment' to exclude certain conditions. <br />FINANCIAL IMPACT: <br />The LLMD 2 budget for 2005/2006 reflects a three (3) percent increase to the District's <br />annual assessments; this adjustment gives District 2 an operating budget of $57,272. <br />ENVIRONMENTAL IMPACT: <br />None. <br />CONFLICT OF INTEREST — Gift Disclosure Requirements <br />Not Applicable. <br />RECOMMENDATION: <br />Staff recommends: <br />Council adoption of the attached resolutions that would <br />1) initiate proceedings for the Colton Landscape and Lighting Maintenance <br />Assessment District No. 2 for Fiscal Year 2005/2006 <br />2) accept the Preliminary Engineer's Report and <br />3) set the Public Hearing for all concerns regarding this matter to be on July 5, <br />2005. <br />Attachments: <br />Exhibit'A'-2005/2006 Proposed Budget <br />3 Resolutions <br />Prepared by: Maritza Tapia, Administrative Analyst <br />REVIEW TEAM ONLY <br />City Attorney: Finance Director: <br />City Manager: OTHER: <br />