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AgdaPkt 2015-06-08 Joint SA and PFA
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AgdaPkt 2015-06-08 Joint SA and PFA
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Last modified
6/9/2015 9:08:33 AM
Creation date
6/4/2015 5:22:10 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
6/8/2015
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Page 1 of 2 <br />REPORT <br />To the Honorable Mayor and City Council <br />From the City Manager <br /> <br />June 8, 2015 <br />SUBJECT <br />Levy of Benefit Assessments for Fiscal Year 2015/2016 Redwood Shores Landscape <br />Maintenance District 1995-1 <br /> <br />RECOMMENDATION <br />Adopt a resolution to order the Levy of Benefit Assessments for Fiscal Year 2015/2016 <br />for the Redwood Shores Landscape Maintenance District 1995-1 in the amount of <br />$235,153 <br /> <br />BACKGROUND <br />The Redwood Shores Landscape Maintenance District No. 1995-1 was established in <br />December 1995. The Lido Neighborhood Specific Plan, approved by the City Council, <br />recommended that a maintenance district be established to maintain public areas and <br />facilities benefiting the Lido Neighborhood. Creation of the District, which is comprised <br />of the developments known as The Cove at California Bayside, California Seacrest and <br />the Lido Neighborhood, establishes a means for financing annual landscape <br />maintenance costs of public facilities specifically benefiting the parcels within the <br />District. <br /> <br />ANALYSIS <br />The district is annually assessed to allow taxes to be levied and collected by the San <br />Mateo County Tax Controller and Collector’s Office. The enabling document for the <br />District established a District budget with a built-in inflation adjuster based on the <br />greater of the City’s annual percentage increase in labor costs for landscape <br />maintenance in Redwood Shores or 2%, but in any event not to exceed 3.5% in any <br />fiscal year. For FY 2015/2016, the assessments will be increased by 3.5%, the <br />maximum allowable levy increase. <br /> <br />The City’s Parks, Recreation, and Community Services Department is responsible for <br />landscape maintenance for the District, including irrigation, trees, shrubs, perennials, <br />annuals, and other elements. These landscape improvements are specifically benefiting <br />the District, but are also available to the public-at-large. Therefore, about 12% of the <br />District’s budget, an amount estimated to reflect the public-at-large’s enjoyment of the <br />public facilities, will be paid for by the City’s General Fund. <br /> <br />Related budgets, assessments, and City Manager’s Report are available for review in <br />the City Clerk’s Office. <br /> <br />7.2.E. - Page 1
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