AGENDA REPORT 2019 0501 REG CCSA ITEM 10E

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MOORPARK CITY COUNCIL AGENDA REPORT TO: Honorable City Council FROM: Irmina Lumbad, Interim Finance Director DATE: 05/01/2019 Regular Meeting SUBJECT: Consider the Resolution Approving the Preliminary Assessment Engineer’s Report for the Parks and Recreation Maintenance and Improvement Assessment District for Fiscal Year 2019/2020 and Providing Notice of Public Hearing on June 5, 2019 SUMMARY The City Council is being asked to adopt the attached resolution, approving the Assessment Engineer’s Report (Report), which contains the methodology and formula for appropriating the property assessment for park maintenance. Additionally, the resolution identifies the date for the Public Hearing to consider the levy of the assessment for fiscal year (FY) 2019/2020. BACKGROUND In July 1999, the City successfully established the Parks and Recreation Maintenance and Improvement District (Improvement District) for the maintenance and improvement of City parks. It was initiated by the Council to provide funding in place of Parks Maintenance Assessment District No. AD 85-1 (AD 85-1), which was disbanded in July 1998 as a result of Proposition 218. The Improvement District is based on a “special” assessment. This means that the City assesses property owners for that portion of park maintenance and improvement activities that generate a “special” benefit. All activities that generate a “general” benefit must be funded from non-assessment revenue, typically the General Fund and Park Improvement Funds. The Improvement District includes twenty (20) improved parks, as well as, the Serenata Trail. The amount of the assessment levied to property owners may only increase by the Consumer Price Index (CPI) for the Los Angeles Metropolitan area, and not more than 3.00% in any year. In situations when the CPI exceeds 3.00%, the remaining difference can be carried over to a subsequent year. Item: 10.E. 107