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year budget for the Dir `,t. Property owners will vote to a rove the maximum <br />annual proposed levy rruring the 5 -year budget period, arfu a cumulative levy <br />during such 5 -year period. <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 />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 />Respectfully submitted, <br />ED EVERETT <br />City Manager, City of Redwood City <br />Attachment A — Seaport Boulevard Landscape Maintenance District <br />Engineer's Report <br />11RWC CrMALL 3\ENGSHAREDSIPETERV�Seapon Blvd Laadscape\00 SP BLVD CM RIP I.doc <br />