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HomeMy WebLinkAboutAGENDA REPORT 2003 0507 CC REG ITEM 10EAC Arlo. MOORPARK CITY COUNCIL AGENDA REPORT TO: The Honorable City Council FROM: Kenneth C. Gilbert, Director of Public Works �l DATE: April 25, 2002 (CC Meeting 5 -7 -03) SUBJECT: Resolution Approving the Engineer's Report for the Landscaping and Lighting Maintenance Assessment Districts for Fiscal Year 2003/2004 EXECUTIVE SUMMARY This presents for approval a Resolution approving the Engineer's Report [Exhibit 1] for the City's Landscaping and Lighting Maintenance Assessment Districts and setting the date for a public hearing to consider the levy of the assessments for said Districts for FY 2003/04. DISCUSSION A. Background In 1984, a Landscaping & Lighting Maintenance Assessment District (AD 84 -2) was created to fund costs associated with Citywide street lighting and landscape maintenance. This was a successor to the District enacted by the County of Ventura prior to the incorporation of the City. In 2001, three (3) new Landscaping & Lighting Maintenance Assessment Districts (AD01- 1, AD01 -2 & AD01 -3) were formed at the request of the owner / developer of the affected properties. B. Citywide Lighting & Landscaping Assessment District AD84 -2 provides for the levy of an assessment upon all of the parcels in the City, to fund street lighting energy and maintenance costs. There is also a separate assessment to fund maintenance and improvement costs for certain designated landscaped parkways and medians. C. Zones & Sub - Districts In addition, a number of Zones and Sub - Districts have been established to levy additional assessments upon the lots within those areas, to fund the maintenance and improvement of certain designated improvements within or adjacent to those areas. AD84_03- 04_report 0 0 0 117 Landscaping & Lighting Assessment Districts Engineer's Report April 25, 2003 Page 2 D. Annual Review As part of the annual budget process, the City Council considers whether or not to renew the subject Assessment Districts and levy assessments for the upcoming fiscal year. In preparation for that consideration, it is necessary to prepare an Engineer's Report setting forth certain relevant information pertaining to such an action. On February 19, 2003, the City Council adopted Resolution No. 2003 -2051 directing the preparation of that Engineer's Report. E. Improvements to be Maintained The improvements and maintenance funded by the Assessment Districts is generally described as follows: • Citywide District: a. Street Lighting: Street lighting energy and maintenance costs. b. Landscape Maintenance: The maintenance of certain designated parkways and medians. c. Zones: 1 Pecan Avenue [T -2851] 2 Steeple Hill Area [T -2865] * ** 3 Buttercreek /Peppermill [T -3032] 4 Williams Ranch Rd [T -3274] 5 Pheasant Run Area [T -3019 & T -3525] * ** 6 Inglewood St. [T -3306] 7 Moorpark Business Park (L. A. Ave & Gabbert) 8 Home Acres Buffer 9 Moorpark Industrial Park (Condor Drive) 10 Mountain Meadows (PC -3) * ** 11 Alyssas Ct. [T -4174] 12 Carlsberg Specific Plan Area 13 Unassigned d. Sub- Districts: 14 Wilshire Builders [T -5201] (formerly AD01 -1) 15 Toll Brothers [T -4928] (formerly AD01 -3) 16 Cabrillo [T -5161] (formerly AD01 -3) * ** * ** Landscape and Drainage Maintenance F. Method of Assessment The method used to establish the assessment amounts is set forth in the Engineer's Report. This method (benefit spread formula, etc.) is unchanged from prior years. AD84_03- 04_report 000-118 Landscaping & Lighting Assessment Districts Engineer's Report April 25, 2003 Page 3 G. FY 2003/04 Assessment Amounts The assessment amounts proposed for FY03 /04, as set forth in the Engineer's Report, are summarized as follows: AD84_03- 04_report 0 0 0.19 Total Per Lot Assessment Assessment Landscape Maintenance US & Drainage Maint. Description Amount ($) Number Amount ($) Number Amount ($) Citywide Streeet Lighting 221,956.00 20.84 Landscaping 164,632.00 17.24 Sub -Total 386,588.00 38.08 1. Tract 2851 9,702.00 75 129.36 2. Tract 2865 Landscaping 72,439.00 574 116.46 Drainage 1,400.00 48 145.63 73,839.00 3. Tract 3032 3,079.00 265 11.62 4. Tract 3274 6,383.00 129 49.48 5. T 3019/3525 Landscaping 23,340.00 142 107.56 Drainage 500.00 75 114.22 23,840.00 6. Tract 3306 924.00 22 42.00 7. NE L. A. Ave / Gabbert Rd 11,298.00 91.74 ac 123.15 ac 8. Buffer: City 7,669.00 498 15.40 Buffer: Home Acres 7,574.00 201 37.68 9. Condor Drive 1,356.00 49.44 ac 27.43 ac 10. PC -3: US - Comm. Prop. 7,216.06 11.23 ac 642.57 ac US - Residential 187,063.98 1,775 76.54 Drainage 7,251.96 669 87.38 201,532.00 11. Tract 4174 3,040.00 9 337.78 12. Carlsberg - Residential 227,301.94 536 424.07 Com. / Ind. 11,318.84 73.72 ac 153.54 Institutional 5,307.87 3.84 ac 1,382.26 243,928.65 13. Unassigned 14. Tract 5201 (Wilshire) 1,249.00 10 124.90 15. Tract 4928 (Toll): Res. 322,107.06 216 1,491.24 Golf Course [33 %] 165,933.94 165,933.94 488,041.00 16. T 5161 Landscaping 13,971.00 Drainage 7,500.00 21,470.00 59 363.90 Total 1,491,512.65 AD84_03- 04_report 0 0 0.19 Landscaping & Lighting Assessment Districts Engineer's Report April 25, 2003 Page 4 H. District 16 Petition Waiver In October of 2002, the City Council accepted and approved a Petition and Waiver from the owner(s) of the properties within District 16 [Cabrillo Economic Development Corporation] to increase the scope of the improvements and the assessment amounts for District 16. The approved changes to the assessment amounts are summarized as follows: I. Cost of Living Adjustment Pursuant to language set forth in the formation documents for Zone 12 and Districts 14, 15 and 16, the annual assessments for these Zones /Districts may be increased annually to cover cost - of- living increases. The assessment amounts set forth in Section G, include these COLA Adjustments. The adjusted assessment amounts for the above mentioned Zones /Districts as set forth in the Engineer's Report and the attached Resolution, are summarized as follows: Zone /District 12 - Residential 12 - Commercial 12 - Institutional 14 15 16 FY 02/03 Prior Annual FY 03/04 Revised Annual Per Unit [Ac.] Assessment Change Assessment Description Amount [Incl. COLA] Amount Landscaping $2,919.63 $10,611.71 $13,531.34 Drainage $7,656.38 $283.29 $7,939.66 Total $10,576.01 $10,894.99 $21,471.00 Number of Lots 59 $1,382.26 59 Per Lot Assessment $179.25 $363.92 I. Cost of Living Adjustment Pursuant to language set forth in the formation documents for Zone 12 and Districts 14, 15 and 16, the annual assessments for these Zones /Districts may be increased annually to cover cost - of- living increases. The assessment amounts set forth in Section G, include these COLA Adjustments. The adjusted assessment amounts for the above mentioned Zones /Districts as set forth in the Engineer's Report and the attached Resolution, are summarized as follows: Zone /District 12 - Residential 12 - Commercial 12 - Institutional 14 15 16 FY 02/03 C.O.L.A. FY 03/04 Per Unit [Ac.] Adjustment Per Unit [Ac.] Total Assessment Amount Assessment FY 03/04 Amount [3.7 %] Amount Assessment $408.94 $15.13 $424.07 $227,301.94 $148.06 $5.48 $153.54 $11,318.84 $1,332.94 $49.32 $1,382.26 $5,307.87 $243,928.65 $120.48 $4.46 $124.94 $1,249.38 $1,452.56 $53.74 $1,506.30 $488,042.73 « « « « « « «< See Section H » » » » » » » » » » »> J. Improvement Reserve Ceiling The Engineer's Report provides for a Capital Reserve Account for each District. Consistent with past City Council action, the Engineer's Report stipulates that Capital Reserve Account for any Zone /District should not exceed an amount equal to AD84_03- 04_report 000:120 Landscaping & Lighting Assessment Districts Engineer's Report April 25, 2003 Page 5 three (3) times the annual operating budget for that Zone /District. Should the projected Year -End Fund Balance for any Zone /District exceed that "ceiling ", the amount of the assessment shall remain unchanged; but the amount of the assessment to be levied upon the affected properties shall be reduced to a lesser amount determined by the Assessment Engineer to be consistent with these guidelines. K. Decreased Levy Amounts Pursuant to the above policy, the amounts to be levied upon the parcels in certain Zones /Districts shall be less than the assessment amount set forth in Section G above. A summary of those adjustments is as follows: Remarks Ten Percent of Assessment Ten Percent of Assessment 81 % of Assessment Note: The above recommended levy amounts are less than the assessment amounts set forth in Section G above. L. Assessment Amounts Unchanged Accepted as noted in Sections G, H, I & K above, the assessment amounts set forth in the subject Engineer's Report are the same as the assessments levied last year. Any action to otherwise increase these assessments may not be taken without first seeking approval of such an increase via a mail ballot prepared and processed in accordance with the requirements of Proposition 218. M. Fund Activity Attached as Exhibit 2 are charts showing fund activity for all Zones /Districts for FY01 /02 through FY03 /04. Page 4 of Exhibit 2 shows certain details with respect to the Reserve Fund Ceilings and the Assessment vs. recommended Levy amounts for FY03 /04. AD84_03- 04_report 000121 Three Years Total Total Zone/ Beginning Annual Assessment Levy District Balance Expenses Amount Amount 1 $22,573 $12,630 $9,702.00 $970.00 11 $6,657 $2,460 $3,040.00 $304.00 12 $451,247 $499,746 $243,928.65 $197,081.00 Remarks Ten Percent of Assessment Ten Percent of Assessment 81 % of Assessment Note: The above recommended levy amounts are less than the assessment amounts set forth in Section G above. L. Assessment Amounts Unchanged Accepted as noted in Sections G, H, I & K above, the assessment amounts set forth in the subject Engineer's Report are the same as the assessments levied last year. Any action to otherwise increase these assessments may not be taken without first seeking approval of such an increase via a mail ballot prepared and processed in accordance with the requirements of Proposition 218. M. Fund Activity Attached as Exhibit 2 are charts showing fund activity for all Zones /Districts for FY01 /02 through FY03 /04. Page 4 of Exhibit 2 shows certain details with respect to the Reserve Fund Ceilings and the Assessment vs. recommended Levy amounts for FY03 /04. AD84_03- 04_report 000121 Landscaping & Lighting Assessment Districts Engineer's Report April 25, 2003 Page 6 N. FY 02/03 Fund Deficits As reflected on Page 2 of Exhibit 2, it is anticipated that the FY 02/03 Year -End Fund Balance for certain Zones /Districts will again show a deficit. A summary of those anticipated deficits is as follows: Fund 2300 - Lighting 2307 - Zone 7 2309 - Zone 9 Total Last Fiscal transfers to action with as follows: FY 02/03 Transfer to: Fund 2300 - Lighting 2307 - Zone 7 2309 - Zone 9 FY02 /03 Expenses $259,824.00 $275,000.00 Beginning $17,400.00 $2,106.00 FY02 /03 Balance Revenue Expenses Enging Bal. ($24,284.00) $241,416.00 $255,000.00 ($37,868.00) ($129.00) $11,427.00 $13,000.00 ($1,702.00) $433.00 $917.00 $2,100.00 ($750.00) ($23,980.00) $253,760.00 $270,100.00 ($40,320.00) Year the City Council approved certain fund correct FY 01/02 Year -End Fund deficits. A like respect to the above noted deficits is summarized From Gas Tax Fund 2605 $37,868.00 $851.00 $375.00 Total $39,094.00 From General Fund Fund 1000 $0.00 $851.00 $375.00 $1,226.00 Total Transfer Amt. $37,868.00 $1,702.00 $750.00 $40,320.00 Last year the City Council approved deficit correcting fund transfers in June, and then had to make adjustments in November based on the actual year -end Fund Balances. In order to avoid this duplication of effort, this year the above recommended fund transfers will be deferred until November 2003. O. FY 03/04 Fund Deficits As reflected on Page 3 of Exhibit 2, it is anticipated that the FY 03/04 Year -End Fund Balance for certain Zones /Districts will once more show a deficit. A summary of those anticipated deficits is as follows: Fund 2300 - Lighting 2307 - Zone 7 2309 - Zone 9 FY02 /03 Beginning Balance ($37,868.00) ($1,702.00) ($750.00) Total ($40,320.00) Revenue Expenses $259,824.00 $275,000.00 $13,000.00 $17,400.00 $2,106.00 $2,255.00 $274,930.00 $294,655.00 FY02 /03 Enaina Bal. ($53,044.00) ($6,102.00) ($899.00) ($60,045.00) AD84 03 -04 report 000122 Landscaping & Lighting Assessment Districts Engineer's Report April 25, 2003 Page 7 Based on the above estimates, a deficit correcting transfer in November 2004 would be as follows: FY 03104 From From Transfer to: Gas Tax General Fund Total Fund Fund 2605 Fund 1000 Transfer Amt. 2300 - Lighting $53,044.00 $0.00 $53,044.00 2307 - Zone 7 $3,051.00 $3,051.00 $6,102.00 2309 - Zone 9 $449.50 $449.50 $899.00 Total $56,544.50 $3,500.50 $60,045.00 P. Resolution fund Attached as Exhibit 3 is a Resolution approving the subject Engineer's Report and setting June 4, 2003, as the date of a public hearing to consider the levy of the assessments for the Landscaping and Lighting Assessment Districts for Fiscal Year 2003/04. This resolution will also serve as the public hearing notice for the June 4th public hearing. STAFF RECOMMENDATIONS Adopt Resolution No. 2003- approving the Engineer's Report and setting June 4, 2003, as the date of a public hearing to consider the levy of assessments for FY 2003/04. Attachments: Exhibit l: Engineer's Report Exhibit 2: Fund Activity Exhibit 3: Resolution AD84 03 -04 report 0 00123 Exhibit 1: Engineer's Report The Engineer's Report has been distributed by separate Memo to the City Council and key staff. Copies of the Engineer's Report may be obtained from the City Clerks office. O O Z Landscape / Lighting Page 1 of 4 Assessment Districts [File: adfunds_03_04] Fund Activity: FY01 /02 4/21/2003 Fund 2300 Description Lighting Landscaping Beginning Balance (11,076) 126,519 Rev. Code 3100 3102 Assmnt 216,766 144,347 Misc > 40,000 Interest 8,654 Total Revenue Exp. Code Expenses Total Available Less Expenses Less Reserve Ending Balance 256,766 153,001 8901 7901 269,974 173,616 (24,284) 105,904 (105,904) (24,284) 0 2301 Zone 1 115,443 9,499 3102 361,113 9,719 40,000 8,654 476 7901 443,590 3,350 409,767 10,195 81,620 16,344 (105,904) (16,344) (24,284) 0 2302 Zone 2: US Zone 2: Drains 67,540 3,381 3102 3103 70,216 1,403 (2,678) 3,763 71,301 1,403 7901 8902 55,415 25 83,426 4,759 (83,426) (4,759) 0 0 Zone 2: Improvements 33,472 104,393 3101 6,230 77,849 2,678 0 3,763 8,908 8019 47,207 102,647 0 (4,827) 0 (4,827) 81,612 83,358 (88,185) (4,827) 2303 2304 Zone 3 Zone 4 1,724 (689) 3102 3102 3,084 6,394 67 12 3,151 6,406 7901 7901 2,876 5,752 1,999 (35) (1,999) 0 (35) 2305 Zone 5: US Zone 5: Drains (13,596) 1,473 3102 3103 23,382 501 > 30,000 53,382 501 7901 8902 34,010 234 5,776 1,740 (5,776) (1,740) 0 0 (12,123) 23,883 30,000 0 34,244 53,883 7,516 (7,516) 0 2306 2307 2308 2309 Zone 6 Zone 7 Zone 8 Zone 9 1,202 (260) 8,110 (7) 3102 3102 3102 3102 925 11,318 15,270 1,352 > 3,100 > 1,000 175 24 373 4 1,100 14,442 15,643 2,356 7901 7901 7901 7901 1,214 14,311 12,270 1,916 1,088 (129) 11,483 433 (1,088) (11,483) (433) 0 (129) 0 0 2310 Zone 10: US Zone 10: Drains 101,456 18,052 3102 3103 194,624 7,265 5,248 199,872 7,265 7901 8902 206,266 1,300 95,062 24,017 (95,062) (24,017) 0 0 119,508 201,532 0 5,248 207,566 207,137 119,079 (119,079) 0 2311 2312 2313 Zone 11 Zone 12 Zone 13 Sub -Total AD 84 -2 4,874 165,339 5,752 522,765 3102 3102 3102 3,041 238,870 954,350 (4,517) 69,583 215 8,702 204 27,917 3,256 247,572 (4,313) 7901 7901 7901 1,118 101,722 1,439 934,015 7,012 311,189 0 (7,012) (311,189) 0 0 0 1,052,207 640,957 (670,232) (29,275) 2314 2315 AD01 -1 Wilshire Builder: AD01 -2 Toll Bros (450) 1,259 3102 3102 1,180 460,948 45 1,180 460,993 7901 7901 427 0 303 462,252 (303) (462,252) 0 0 2316 0 AD01 -3 Cabrillo: US AD01 -3 Cabrillo: Drains 1,412 1,412 3102 3103 2,859 7,500 10,359 0 52 52 2,911 7,500 7901 8902 0 0 0 4,323 7,500 (4,323) (7,500) 0 0 10,411 11,823 (11,823) 0 0 Total 524,986 1,426,837 69,583 > Transfer 28,014 1,524,791 934,442 1,115,335 (1,144,610) (29,275) June 2002 Landscape /Lighting Assessment Districts Fund Activity: FY02 /03 Page 2 of 4 [File: adfunds_03_04] 4/21/2003 Total Exp. Beginning Rev. Less Ending Revenue Code Fund Description Balance Code Assmnt 8901 Misc Interest 2300 Lighting (24,284) 3100 217,132 > 24,284 0 160,803 Improvements 7,315 134,392 (134,392) 0 402,219 103,839 (134,392) (37,868) Landscaping 98,589 3102 159,803 (22,573) 0 1,000 7901 46,000 81,620 (107,287) 376,935 1,400 24,284 1,000 2301 Zone 1 16,344 3102 9,702 0 65,445 0 527 2302 Zone 2: US 83,426 3102 66,209 A 1,403 2,249 (2,878) Zone 2: Drains 4,759 3103 1,400 1,383 (1,383) 0 17,564 Zone 2: Improvements (4,827) 3101 6,230 A (1,403) 8902 272 3,372 1,968 83,358 0 73,839 22,208 (22,208) 0 2,249 2303 Zone 3 1,999 3102 3,079 11,427 7901 100 2304 Zone 4 (35) 3102 6,383 > 35 (15,935) 0 917 0 2,100 (750) (750) 198,956 2305 Zone 5: US 5,776 3102 23,340 > (5,776) 3,261 258,437 28,008 Zone 5: Drains 1,740 3103 500 0 545 7901 900 6,657 7,516 0 23,840 7901 (5,776) 0 2306 Zone 6 1,088 3102 924 0 161 2307 Zone 7 (129) 3102 11,298 > 129 (1,483) 2308 Zone 8 11,483 3102 15,243 (938,584) 0 209 2309 Zone 9 433 3102 1,350 > (433) 0 0 2310 Zone 10: US 95,062 3102 194,280 0 4,676 Zone 10: Drains 24,017 3103 7,252 119,079 201,532 0 4,676 2311 Zone 11 7,012 3102 304 < 241 2312 Zone 12 311,189 3102 238,448 11,610 2313 Zone 13 0 3102 Sub -Total AD 84 -2 640,957 962,877 18,239 20,773 2314 AD01 -1 Wilshire Builder: 303 3102 1,180 2315 AD01 -2 Toll Bros 462,252 3102 461,354 14,978 2316 AD01 -3 Cabrillo: US 4,323 3102 3,076 378 AD01 -3 Cabrillo: Drains 7,500 3103 7,500 0 0 11,823 10,576 0 378 0 0 Total 1,115,335 1,435,987 18,239 36,129 A: Surplus to go to US > Transfer Nov 2002 < Levy Amount Less Than Page 2 of 4 [File: adfunds_03_04] 4/21/2003 Total Exp. Total Available Less Ending Revenue Code Expenses Less Expenses Reserve Balance 241,416 8901 255,000 (37,868) (37,868) 8033 7,315 0 160,803 7901 125,000 380,000 134,392 (134,392) 0 402,219 103,839 (134,392) (37,868) 10,229 7901 4,000 22,573 (22,573) 0 69,861 7901 46,000 107,287 (107,287) 0 1,400 8902 258 5,901 (5,901) 0 4,827 8019 0 65,445 0 0 76,088 113,188 (113,188) 0 3,179 7901 2,300 2,878 (2,878) 0 6,418 7901 5,000 1,383 (1,383) 0 17,564 7901 3,100 20,240 (20,240) 0 500 8902 272 3,372 1,968 (1,968) 0 18,064 22,208 (22,208) 0 1,085 7901 1,200 973 (973) 0 11,427 7901 13,000 (1,702) (1,702) 15,452 7901 11,000 15,935 (15,935) 0 917 7901 2,100 (750) (750) 198,956 7901 200,000 94,018 (94,018) 0 7,252 8902 3,261 258,437 28,008 (28,008) 0 206,208 122,026 (122,026) 0 545 7901 900 6,657 (6,657) 0 250,058 7901 110,000 451,247 (451,247) 0 0 7901 0 856,754 0 0 1,001,889 860,455 (893,460) (40,320) 1,180 7901 0 1,483 (1,483) 0 476,332 7901 0 938,584 (938,584) 0 3,454 7901 0 7,777 (7,777) 0 7,500 8902 0 0 15,000 (15,000) 0 10,954 22,777 (22,777) 0 1,490,355 I 856,754 1,823,299 (1,856,304) (40,320) Est Transfer Nov 2003 Assessment Amount Landscape / Lighting Assessment Districts Fund Activity: FY03 /04 1,433,197 Page 3 of 4 [File: adfunds_03_04] 4/21/2003 Total Exp. Beginning Total Available Fund Description Balance ._._... 2300 Lighting (37,868) Assmnt Improvements 7,315 3100 Landscaping 134,392 103,839 3102 164,632 7,315 2301 Zone 1 22,573 386,588 2302 Zone 2: US 107,287 3102 Zone 2: Drains 5,901 500 Zone 2: Improvements 0 1,470 3,000 113,188 1,400 2303 Zone 3 2,878 3101 2304 Zone 4 1,383 124,026 2305 Zone 5: US 20,240 0 Zone 5: Drains 1,968 22,208 (7,043) 100 3102 2306 Zone 6 973 0 2307 Zone 7 (1,702) 76,839 2308 Zone 8 15,935 500 2309 Zone 9 (750) 3,607 2310 Zone 10: US 94,018 0 Zone 10: Drains 28,008 122,026 132 3102 11,298 2311 Zone 11 6,657 3102 2312 Zone 12 451,247 100 2313 Zone 13 0 > 750 Sub -Total AD 84 -2 860,455 194,280 2314 Z -14: Wilshire Builders 1,483 3103 2315 Z -15: Toll Bros 938,584 709 2316 Z -16: Cabrillo: US 7,777 0 Z -16: Cabrillo: Drains 15,000 304 < 22,777 3102 0 < 1,823,299 3102 0 Total 2,106 7901 2,255 922,437 40,320 22,732 1,433,197 Page 3 of 4 [File: adfunds_03_04] 4/21/2003 Total Exp. Revenue Total Available Rev. Ending ._._... Code Code Assmnt Misc Interest 3100 221,956 > 37,868 3102 164,632 7,315 (7,315) 0 386,588 37,868 0 3102 970 < 500 3102 72,439 1,470 3,000 3103 1,400 (19,833) 0 3101 0 58,700 124,026 (124,026) 73,839 0 3,000 3102 3,079 (7,043) 100 3102 6,383 0 58,958 0 3102 23,340 76,839 131,069 (131,069) 3103 500 7901 2,450 3,607 23,840 0 0 3102 924 2,666 132 3102 11,298 > 1,702 33,200 3102 15,243 0 100 3102 1,356 > 750 (2,196) 3102 194,280 12,576 (12,576) 600 3103 7,252 1,320 709 (709) 201,532 0 600 3102 304 < 300 3102 197,081 < 18,000 3102 0 2,106 7901 2,255 922,437 40,320 22,732 3102 1,249 192,200 96,698 3102 488,041 7,252 30,000 3102 13,970 (31,999) 1,000 3103 7,500 0 604 7901 21,470 0 1,000 1,433,197 Page 3 of 4 [File: adfunds_03_04] 4/21/2003 Total Exp. Total Available Less Ending Revenue Code Expenses Less Expenses (53,044) Reserve Balance 259,824 8901 275,000 (53,044) 7,315 (7,315) 0 164,632 7901 193,000 468,000 106,024 (106,024) 0 424,456 60,295 (113,339) (53,044) 1,470 7901 4,210 19,833 (19,833) 0 75,439 7901 58,700 124,026 (124,026) 0 1,400 8902 258 7,043 (7,043) 0 0 8019 0 58,958 0 0 76,839 131,069 (131,069) 0 3,179 7901 2,450 3,607 (3,607) 0 6,383 7901 5,100 2,666 (2,666) 0 23,340 7901 33,200 10,380 (10,380) 0 500 8902 272 33,472 2,196 (2,196) 0 23,840 12,576 (12,576) 0 1,056 7901 1,320 709 (709) 0 13,000 7901 17,400 (6,102) (6,102) 15,343 7901 20,250 11,028 (11,028) . 0 2,106 7901 2,255 (899) (899) 194,880 7901 192,200 96,698 (96,698) 0 7,252 8902 3,261 195,461 31,999 (31,999) 0 202,132 128,697 (128,697) 0 604 7901 820 6,441 (6,441) 0 215,081 7901 166,582 499,746 (499,746) 0 0 7901 0 976,278 0 0 985,489 869,666 (929,711) (60,045) 1,249 7901 1,090 1,642 (1,642) 0 518,041 7901 412,500 1,044,125 (1,044,125) 0 14,970 7901 13,971 8,776 (8,776) 0 7,500 8902 7,500 21,471 15,000 (15,000) 0 22,470 23,776 (23,776) 0 40,320 53,732 I 1,527,249 > Est. Transfer November 2003 < Levy Amount Less Than Assessment Amount 1,411,339 I 1,939,209 (1,999,254) I (60,045) Est Transfer Nov 2004 Landscape /Lighting Assessment Districts Fund Activity: FY03 /04 Adjusted Assessment Calculation Page 4 of 4 [File: adfunds_03_041 4/21/2003 2314 Z -14: Wilshire Builder 2315 FY 03/04 Amount of Amount Year -End Z -16: Cabrillo: US 412,500 Z -16: Cabrillo: Drains Fund Description Beginning Balance Projected Expenses Fund CAP [Est 3 Yr Costs] Projected Balance Exceeds CAP ** Assessment Amount Levy Amount Remarks 2300 Lighting (37,868) Improvements 7,315 Landscaping 134,392 103,839 2301 Zone 1 22,573 4,210 12,630 15,935 9,702 970 < Ten Percent of Assessment Amount 2302 Zone 2: US 107,287 58,700 176,100 0 72,439 72,439 Zone 2: Drains 5,901 258 774 0 1,400 1,400 Zone 2: Improvements 0 113,188 58,958 176,874 0 73,839 73,839 2303 Zone 3 2,878 2,450 7,350 0 3,079 3,079 2304 Zone 4 1,383 5,100 15,300 0 6,383 6,383 2305 Zone 5: US 20,240 33,200 99,600 0 23,340 23,340 Zone 5: Drains 1,968 272 816 0 500 500 22,208 33,472 100,416 0 23,840 23,840 2306 Zone 6 973 1,320 3,960 0 924 924 2307 Zone 7 (1,702) 17,400 52,200 0 11,298 11,298 2308 Zone 8 15,935 20,250 60,750 0 15,243 15,243 2309 Zone 9 (750) 2,255 6,765 0 1,356 1,356 0 2310 Zone 10: US 94,018 192,200 576,600 0 194,280 194,280 Zone 10: Drains 28,008 3,261 9,783 0 7,252 7,252 122,026 195,461 586,383 0 201,532 201,532 2311 2312 2313 Zone 11 Zone 12 Zone 13 6,657 451,247 0 820 166,582 0 2,460 499,746 0 6,717 46,848 0 3,040 243,929 304 < 197,081 < Ten Percent of Assessment Ammount 81 %: Assmnt. Adj. to Not Exceed Fund Max. 2314 Z -14: Wilshire Builder 2315 Z -15: Toll Bros 2316 Z -16: Cabrillo: US 412,500 Z -16: Cabrillo: Drains 7,777 0 0 41,913 0 21,470 H% 22,500 to Ot 64,413 1,483 1,249 1,090 3,270 938,584 488,041 412,500 1,237,500 7,777 0 13,971 41,913 15,000 21,470 7,500 22,500 22,777 21,471 64,413 0 1,249 1,249 0 488,041 488,041 0 13,970 13,970 0 7,500 7,500 0 21,470 21,470 ** [Begining Balance + Assessment + Interest - Expenses] Less Maximum Fund Amount Exhibit 3 RESOLUTION NO. 2003- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, OF INTENTION TO LEVY ASSESSMENTS FOR FISCAL YEAR 2003 -04, PRELIMINARILY APPROVING ENGINEER'S REPORT, AND PROVIDING FOR NOTICE OF HEARING FOR THE CITY OF MOORPARK LANDSCAPING AND LIGHTING MAINTENANCE ASSESSMENT DISTRICTS WHEREAS, by Resolution No. 2003 -2051, the City Council ordered the preparation of an Engineer's Report for the City's Landscaping and Lighting Maintenance Assessment Districts (the "Assessment Districts ") for Fiscal Year 2003- 04; and WHEREAS, pursuant to said Resolution, the Engineer's Report was prepared by Shilts Consultants, Inc., Engineer of Work, in accordance with 22565, et. seq., of the Streets and Highways Code (the "Report ") and Article XIIID of the California Constitution; and WHEREAS, said Engineer's Report was filed with the City Clerk and the City Council has reviewed the Report and wishes to take certain actions relative to said Report and the levy of assessments recommended therein. NOW, THEREFORE,, THE CITY COUNCIL OF THE CITY OF MOORPARK, DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Report for "Moorpark Landscaping and Lighting Maintenance Assessment Districts ", for the fiscal year commencing on July 1, 2003, and ending on June 30, 2004, on file with the City Clerk, has been duly considered by the Moorpark City Council and is hereby deemed sufficient and approved. The Report shall stand as the Engineer's Report for all subsequent proceedings under, and pursuant to, the foregoing resolution. SECTION 2. It is the intention of this Council to levy and collect assessments within the Assessment Districts for fiscal year 2003 -04. Within the Assessment Districts, the existing and proposed improvements, and any substantial changes proposed to be made to the existing improvements, are generally described as the installation, maintenance and servicing of public facilities, including but not limited to, street lights, public lighting facilities, landscaping, sprinkler systems, statuary, fountains, other ornamental structures and facilities, landscape corridors, ground cover, shrubs and trees, street frontages, drainage systems, fencing, entry monuments, graffiti removal and repainting, 000129 Resolution No. 2003 - Page 2 and labor, materials, supplies, utilities and equipment, as applicable, for property owned, operated or maintained by the City of Moorpark. Installation means the construction of lighting and landscaping improvements, including, but not limited to, land preparation, such as grading, leveling, cutting and filling, sod, landscaping, irrigation systems, sidewalks and drainage and lights. Maintenance means the furnishing of services and materials for the ordinary and usual maintenance, operation and servicing of said improvements, including repair, removal, or replacement of all or part of any improvement; providing for the life, growth, health and beauty of landscaping; and cleaning, sandblasting and painting of walls and other improvements to remove or cover graffiti. Servicing means the furnishing of electric current or energy for the operation or lighting of any improvements, and water for irrigation of any landscaping or the maintenance of any other improvements. SECTION 3. The Assessment Districts consists of the lots and parcels shown on the boundary map of the Assessment Districts on file with the City Clerk, and reference is hereby made to such map for further particulars. SECTION 4. Reference is hereby made to the Engineer's Report for a full and detailed description of the improvements, the boundaries of the Assessment Districts, and the proposed assessments upon assessable lots and parcels of land within the Assessment Districts. The Engineer's Report identifies all parcels which will have a special benefit conferred upon them and upon which an assessment will be imposed. SECTION 5. The Fiscal Year 2003 -04 levy rates are not proposed to increase, with the exception of Zone 12, District 14, District 15 and District 16. The authorized maximum assessment rate for these Districts includes an annual adjustment by an amount equal to the annual change in the Los Angeles Area Consumer Price Index. As the amount of the annual increase in the Los Angeles Area Consumer Price Index from December 2001 to December 2002 is 3.7 %, the authorized maximum levy rate for fiscal year 2003 -04 is 3.7% above the maximum levy rate for fiscal year 2002 -03. Including the authorized annual adjustment, the maximum authorized assessment rates for fiscal year 2003 -04 are as follows: Zone 12 $ 424.07 per single family benefit unit $ 153.54 per acre of commercial or industrial property $1,382.27 per acre of institutional property Dist.14 $ 124.94 per single family benefit unit Dist.15 $1,506.30 per single family benefit unit 040-1?0, Resolution No. 2003 - Page 3 All property owners in District 16 have approved a rate increase of $184.64 from $179.26 per single family benefit unit to a maximum levy rate of $363.90 per single family benefit unit effective Fiscal Year 2003 -04. SECTION 6. Notice is hereby given that on June 4, 2003, at the hour of 6:30 o'clock p.m. in the Council Chambers, located at 799 Moorpark Avenue, Moorpark, California 93021, the Council will hold a public hearing to consider the ordering of the improvements and the levy of the proposed assessments. SECTION 7. Prior to the conclusion of the hearing, any interested person may file a written protest with the City Clerk, or, having previously filed a protest, may file a written withdrawal of that protest. A written protest shall state all grounds of objection. A protest by a property owner shall contain a description sufficient to identify the property owned by such owner. Such protest or withdrawal of protest should be mailed to the City Clerk, City of Moorpark, 799 Moorpark Avenue, Moorpark, California 93021. SECTION 8. The City Clerk shall cause a notice of the hearing to be given by publishing a copy of this resolution once, at least ten (10) days prior to the date of the hearing above specified, in a newspaper circulated in the City of Moorpark. SECTION 9. The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original resolutions. APPROVED AND ADOPTED THIS 7th day of May, 2003. ATTEST: Patrick Hunter, Mayor Deborah S. Traffenstedt, City Clerk ®0'0.31-