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Home My WebLink AboutAGENDA REPORT 2019 0605 REG CCSA ITEM 08B POWERPOINTParks and Recreation Maintenance and Improvement District Fiscal Year 2019/2020 District (17-18) Parks and Recreation Maintenance and Improvement District HISTORY •July 1999 District was reinstated •Resolution No. 2019-3783 January 16, 2019 •Resolution No. 2019-3807 May 1, 2019 •Public Notices Parks and Recreation Maintenance and Improvement District BOUNDARY •20 neighborhood parks & 1 community park (69 developed acres) •Service area = 11,000 parcels Parks and Recreation Maintenance and Improvement District METHODOLOGY GENERAL BENEFITS + SPECIAL BENEFITS TOTAL BENEFITS Parks and Recreation Maintenance and Improvement District METHODOLOGY GENERAL BENEFITS (25%) •Benefit to properties outside the District - 1,272 parcels within ½ mile of neighborhood park or 2 miles of community park (5.2%) •Benefit to property within District - regional use or publicly owned like railroad or major streets (1%) •Benefit to pubic at large (non residents, employees or customers) – 10% Parks and Recreation Maintenance and Improvement District METHODOLOGY SPECIAL BENEFITS (75%) • Extension of property’s outdoor areas & green space •Proximity to improved parks & recreational facilities •Access to improved parks, open space & recreational areas •Improved views Parks and Recreation Maintenance and Improvement District FY 2019/2020 COST ESTIMATE •$3.2 million •$796K operation of grounds & recreational facilities •$531K tree trimming & landscape contracts •$398K utilities •$213K maintenance & repairs •$205K pavement rehabilitation Parks and Recreation Maintenance and Improvement District ASSESSMENT RATE •Annual adjustment based on CPI-LA Area; maximum increase 3% •December 2017-December 2018 CPI = 3.24% 2018/2019 Assessment Rate $61.48 + 3% CPI adjustment $ 1.85 2019/2020 Assessment Rate $63.33 (per SFE) Parks and Recreation Maintenance and Improvement District ASSESSMENT REVENUE 2019/2020 Assessment Rate $63.33 * Single Family Equivalent Benefit Units 13,540 Total Assessment Revenues $857,545 % to Total 2019/2020 Expenses 26% % to 75% of Special Benefit Cap 35% Parks and Recreation Maintenance and Improvement District REVENUE SOURCES Assessment Revenue $857,545 26% Other Funds $318,819 10% General Fund $2,064,518 64% Total $3,240,882 Parks and Recreation Maintenance and Improvement District RECOMMENDATION 1.Open public hearing, take public testimony and close public hearing 2.Adopt attached Resolution