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HomeMy WebLinkAbout2004-06-08 - AGENDA REPORTS - LEVY ASMT FOR SMD 1 FY 04/05 (2)Agenda Item:_ CITY OF SANTA CLARITA AGENDA REPORT CONSENT CALENDAR City Manager Approval Item to be presented by: DATE: June 8, 2004 Ben Jarvis SUBJECT: APPROVE THE ENGINEER'S REPORT AND DECLARE THE CITY'S INTENTION TO LEVY ANNUAL ASSESSMENTS FOR STREETLIGHT MAINTENANCE DISTRICT NO. 1 FOR FISCAL YEAR 2004/2005 DEPARTMENT: Transportation and Engineering Services RECOMMENDED ACTION City Council adopt a resolution approving the Engineer's Report declaring the City's intention to levy and collect assessments for Streetlight Maintenance District No. 1 for Fiscal Year 2004/2005, and set the public hearing for July 13, 2004. BACKGROUND Each year the City is required to order an Engineer's Report for Streetlight Maintenance District No. 1 (District), and determine the necessary assessments to collect for the coming fiscal year. This report and the appropriate resolutions are then presented to the City Council at a regularly scheduled City Council meeting, and a date is scheduled for a public hearing on the proposed annual assessments. Staff is recommending that the public hearing for this District be scheduled for July 13, 2004. If the assessments are approved at the public hearing, they are transferred to Los Angeles County for placement on the County's tax rolls. If the assessments are not approved at the public hearing, the City will lose the ability to place the assessment on the County's tax rolls for Fiscal Year 2004/2005. The City will have to manually invoice all parcels within the District or not collect assessments for the coming year. Detailed revenue and expenditure information for the District is in the annual Engineer's Report. In accordance with Proposition 218, "The Right to Vote on Taxes Act," any increase in the annual assessments requires that all affected property owners must vote on the new assessments. There will be no increases in the assessments for the District covered by the attached resolution for Fiscal Year 2004/2005; therefore, there is no requirement to notify the property owners by mail. Adopted: 2(0 ALTERNATIVE ACTIONS 1. Do not approve the annual levy. 2. Other action as determined by the City Council. FISCAL IMPACT The annual levy of assessments currently covers the expected expenses. The following is an estimate of the Fiscal Year 2004/2005 budget for Streetlight Maintenance District No. 1. Revenue Balance from Previous Fiscal Year $ 3,429,658.00 Other Revenue (Ad Valorem) 1,938,000.00 To be Raised from Assessments 296.063.00 Subtotal $ 5,663,721.00 Expenditures Operation/Maintenance Expenses Utility/Maintenance $ 1,755,090.00 Professional/Attorney Services 100,000.00 Administration/Special Equipment 193,940.00 Capital Improvements 250,000.00 Reserve 3,364,691.00 Subtotal $ 5,663,721.00 TOTAL $ 0.00 ATTACHMENTS Resolution Exhibit "A" - Location Map Engineer's Report available in the City Clerk's Reading File «M.oN R ,o B. j �ROEN WELL � _ Y11R W JRO aRW MOBN 1 / eR CbNMERGE �E� \ / / Z a iiljjg}i !F ji fliam: id !} t W _Z l=m; F4 4 F �O 1 M �a o I «M.oN R ,o B. j �ROEN WELL � _ Y11R W JRO aRW MOBN 1 / eR CbNMERGE �E� \ / Z a iiljjg}i !F ji fliam: id !} t W _Z l=m; F4 4 F �O 1 M �a