1996 AGN JUL 16 I27 - Laserfiche WebLink

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� � � City of Colton AGENDA REPORT FOR COUNCIL MEETING OF JULY 16, i996 TO: HONORABLE MAYOR AND CITY COUNCIL APPROVAL: NABAR ENRI4UE MARTINEZ, CITY MANAGER�� FROM: ANNA A. VEGA, FINANCE DIRECTOR�� SUBJECT: RESOLUTION APPROVING THE FINAL ANNUAL LEVY REPORT FOR THE LANDSCAPE AND LIGHITNG MAINTEANCE DISTRICT NO. 1(LLMD NO. 1) DATE: 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 1996-97 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 annuai tax levy for the LLMD No. 1. DISCUSSION/ANALYSIS The District provides maintenance, service and operation of landscapes and lighti�g improvements and associated appurtenances bcated within the public right-o-way 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 wilhin the Zones. The costs associated with the improvements, are equitably spread belween all benefiting parcels 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 (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 and service provided, to fairly proportion the costs. FINANCIAL IMPACT The 1996-97 proposed assessment are the same as the 199596 levy. The proposed residentiai annual assessment for the existing Zo�es are; Cooley Ranch, $52.82; La Loma Hills $0; Old 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 t ALTERNATIVES None RECOMMENDATION Adopt lhe resolution approving the 1996-97 final annual fevy report for the City of Coiton landscape and lighting maintenance district No. 1. Atlachments: Resolulion Item No. 27