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HomeMy WebLinkAboutAGENDA REPORT 2019 0605 REG CCSA ITEM 08A POWERPOINTLandscaping and Lighting Maintenance Assessment Districts Fiscal Year 2019/2020 Districts: AD 84-2; AD 01-1; AD 01-2; AD 01-3; AD 04-1; AD 05-1; AD 06-1; AD 07-1; AD 07-2; AD 07-3; AD 07-4; AD 09-1; AD 10-1; AD 10-2 & AD 15-1 Landscaping and Lighting Maintenance Assessment Districts HISTORY •1984 Assessment District 84-2 was created  citywide street lighting  zones 1 -12 landscaped areas •2001 – 2015  14 new districts have been established  2 annexations •Resolution No. 2019-3782 January 16, 2019 •Resolution No. 2019-3806 May 1, 2019 •Notices – VC Star (May 24, 2019); City website (May 21, 2019) Landscaping and Lighting Maintenance Assessment Districts ENGINEER’S REPORT •Assessment Diagram and District boundaries (59-85) •Total acres = 133 •Improvements  installation, maintenance & servicing of public facilities e.g. street lights, play equipment, irrigation, ground cover, trees, shrubs, utilities, etc. Landscaping and Lighting Maintenance Assessment Districts METHODOLOGY GENERAL BENEFITS + SPECIAL BENEFITS TOTAL BENEFITS Landscaping and Lighting Maintenance Assessment Districts METHODOLOGY GENERAL BENEFITS Landscaping and Lighting Maintenance Assessment Districts METHODOLOGY SPECIAL BENEFITS (distinct & direct benefits) •Proximity, access, and improved views •Extension of property’s outdoor areas & green spaces •Drainage of water & runoff from property •Protection from flooding & standing water Landscaping and Lighting Maintenance Assessment Districts METHODOLOGY GENERAL BENEFITS 1.2% + SPECIAL BENEFITS 98.8% TOTAL BENEFITS 100% Landscaping and Lighting Maintenance Assessment Districts ASSESSMENT RATES •AD 84-2 Zones/Districts 1 thru 11 no COLA •Districts 12 thru 33 includes annual adjustment December 2017-December 2018 CPI = 3.24% Page 5 of staff report lists the maximum assessments Landscaping and Lighting Maintenance Assessment Districts CAPITAL RESERVE POLICY •City Council Policies Resolution No. 2018-3763 Policy 5.5  Capital Reserve fund balance = 1 year of projected current operating budget  levy of assessment rate adjusted but not lower than 10% of annual maximum assessments Landscaping and Lighting Maintenance Assessment Districts Landscaping and Lighting Maintenance Assessment Districts •Districts 20 will not meet this requirement Total Per Parcel Projected Fund Balance, 7/1/2019 $533,496.00 $2,151.19 FY 19/20 Assessment Revenue $248,000.00 $1,000.00 FY 19/20 Misc Revenue $15,000.00 $60.48 FY 19/20 Proposed Expenses $537,739.00 $2,168.30 Estimated Fund Balance, 6/30/2020 $258,757.00 $1,043.38 % of Estimated Fund Balance, 6/30/2020 48% Landscaping and Lighting Maintenance Assessment Districts •Districts 22 will not meet this requirement Total Per Parcel Projected Fund Balance, 7/1/2019 $168,503.00 $250.19 FY 19/20 Assessment Revenue $709,869.00 $1,054.00 FY 19/20 Misc Revenue $22,000.00 $32.67 FY 19/20 Proposed Expenses $866,929.00 $1,287.20 Estimated Fund Balance, 6/30/2020 $33,443.00 $49.66 % of Estimated Fund Balance, 6/30/2020 4% Landscaping and Lighting Maintenance Assessment Districts FY 2019/2020 Expenses •$2,968,254 including  $218K personnel costs  $2.7M services & supplies •$1.2M landscaping & maintenance •$721K water & electricity •$395K street lighting  $8K debris basin $15K capital improvements Landscaping and Lighting Maintenance Assessment Districts DISTRICTS WITH DEFICIT FUND BALANCE •FY 2018/2019 Estimated Deficit $314,049 •Gas Tax Fund subsidy - $215,828 •General Fund subsidy - $98,221 •FY 2019/2020 Projected Deficit $329,663 •Gas Tax Fund subsidy - $223,201 •General Fund subsidy - $106,462 Landscaping and Lighting Maintenance Assessment Districts RECOMMENDATION 1.Open public hearing, take public testimony and close public hearing 2.Adopt attached Resolution