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<br />1JN-lø <br /> <br />year budget for the District. Property owners will vote to approve the maximum <br />annual proposed levy during the 5-year budget period, and a cumulative levy <br />during such 5-year period. <br /> <br />The Engineer's Report, set forth as an attachment to this report, includes <br />the 5-year budget of the District, the formula for allocating the annual budget <br />requirement among property owners, and an assessment spread showing the <br />amount to be levied on each parcel in the District. <br /> <br />The property owner ballot and the notice to be mailed to property owners <br />as required pursuant to Proposition 218 are included as exhibits to the resolution <br />of intention to levy assessments that is before the Council for its consideration. <br /> <br />Respeaû <br /> <br />ED EVERETT <br />City Manager, City of Redwood City <br /> <br />Attachment A - <br /> <br />Seaport Boulevard Landscape Maintenance District <br />Engineer's Report <br /> <br />\\RWC_CITYHALL_3\ENGSHARED$\PETERV\Seaport Blvd LandscapelOO SP BLVD CM RTF I.doc <br />