1993 AGN JUL 20 I15 - Laserfiche WebLink

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CITY OF COLTON AGENDA REPORT For Council Meeting of July 20, 1993 TO: HONORABLE MAYOR AND CITY COUNCIL DATE: July 12, 1993 FROM: HELEN A. RAMOS, CMC City Clerk SUBJECT: Resolution Authorizing the Annual Levying of Assessments for Improvement District "A" James Sullivan Mutual Water District Backeround: In January 1987, the City of Colton entered into an Agreement with the James Sullivan Mutual Water Company with regard to Sullivan Water transferring and the City accepting the assets and properties which comprise the James Sullivan Water System contingent on the water facilities being upgraded. The upgrades were accomplished and financed through a loan from the State of California. A Special Election was held on February 9, 1988, for the purpose of determining whether the City of Colton should be authorized to levy a special tax upon all taxable real property within Improvement District "A", James Sullivan Mutual Water Company. The Election was held among the shareholders of such parcels of taxable real property and was unanimously passed. The election established a fiscal structure to repay the State of California loan associated with the reconstruction of the water facilities of the James Sullivan Mutual Water Company. Discussion: Levying of the Special Tax on all unpaid assessments must be done on an annual basis. Staff has prepared a resolution and an assessment schedule to levy the 1993-94 Special Tax. Recommendation: Staff recommends approval of the attached resolution and Tax Schedule. City Mana is f ncurrence: