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400 City Manager Fales described the assessment procedures and advised that because precise amounts cannot be known until July, the 1975-1976 Budget must be based on estimates with regard to new construction and reassess- ' ments . He explained the practice of automatic tax rate cuts or increases depending on final figures from the tax rolls . It was observed that extremely accurate estimates of revenues have always been made . .,,,r Mr. Fales commented on the present tax situation with regard to HMB 1, the Hughes barge, and the need for information regarding its use from Lockheed so that it may be assessed in accordance with law by the County. M. L. Tepley (see above) , inquired concerning the installation of red tiles in front of businesses on Broadway, asking who paid for them, how much each business contributed, and the source of the funds. Mr. Fales explained that state gas tax revenues, sales tax and federal general revenue sharing funds were used to improve traffic circulation in the downtown, to improve private values and encourage redevelopment of the down- town and to create a better environment there. Mr. Fales advised that all improvements were made in the public right-of-way, and it is the City' s expectation that individual` property owners will improve their property, all resulting in increased assessed value of the area. Director of Public Works Pusich advised that his depart- ment was able to obtain tiles to match streetwork for Poi the property owners who wished to use it . The property owners then paid for their own tiles and their installa- tion. Imam Mr. Fales further advised that landscaping of the down- ' town and maintenance of it are both part of the total project. Barney Barnes, advised that as a part-owner of a small downtown business, he believes residents are fortunate that business property was not reassessed this year, since such assessments are based on income which has been greatly reduced during the past year. Councilman Rhodes distributed a copy of a letter from the Commander of Chapter #136 of the Disabled American Veterans addressed to the City regarding space rental for meetings and advised he will bring up the subject later. (The Council recessed for lunch from 12:03 to 1:40 p.m. ) City Manager Fales again referred to the report of May 30, 1975 of the Director of Public Works calling atten- tion to the section on the Sidewalk Program. Mr. Fales pug advised that the City has accepted the responsibility of sidewalk replacement where the damage was caused by „, , street trees . He observed that the State Streets and Highways Code provides for correction of sidewalk den- ! ciences by assessment of the property owners for work —7— Budget Study 5/31/75 yF