Res99 13645 - Laserfiche WebLink

Browse Search

EXHIBIT "D" PROPERTY OWNER BALLOT AND NOTICE OF PROPOSED ASSESSMENT appurtenances to any of the above now existing or hereafter to be constructed in or for the Seaport Centre project. Maximum Assessment: The maximum maintenance budget for the District to be spread among assessment parcels within the District is $96,500 for the fiscal year 1999-00. The entire budget will be spread among the assessment parcels in the District based on the ratio of the acreage that each assessment parcel beam to the total acreage of all assessment parcels. The amount to be spread among and levied on parcels may be increased in future years at a compound rate of increase not to exceed three (3) percent annually. The amount will be allocated among assessment parcels in the District as described below under the heading "Basis for Calculating Assessments" and as more fully described the method of spread in the Engineer's Report prepared in connection with these proceedings. The fiscal year 1999-00 maximum annual assessment is $. per square foot of assessable area. This amount may increase at three (3) percent per year, compounded annually. Duration of Assessment: An assessment will be levied annually on all parcels in the District to pay for annual maintenance expenses of the Facilities specifically benefiting parcels in the District. Annual increases in assessments will be made administratively in accordance with the above described formula (but in no event greater than three percent in any fiscal year) without further notice to property owners. In future years, any proposed increase of assessments in excess of the FY 1999-00 assessment, as adjusted to reflect compound annual increases of not more than three (3) percent, will be duly noticed and will be subject to a majority protest election as required by Proposition No. 218. Basis for Calculating Assessments: Each year the City wil~ determine how much it will cost to maintain Facilities in the District. The total budget that may be allocated among parcels in the District is limited to the maximum as described above under the heading "Maximum Assessment." Annual maintenance costs are spread among all assessable parcels within the District on the basis of special benefit conferred upon each parcel, which special benefit is calculated based on the ratio of the acreage that each assessment parcel bears to the total acreage of all assessment parcels. Procedures for Completing the Ballot: Accompanying this notice is a ballot, along with a self- addressed, postage paid return envelope. The ballot may be completed by the property owner(s) or their authorized representative, and returned to the City to indicate the property owner's support or opposition to the proposed assessment. For your ballot to be counted, you must clearly mark the appropriate box, sign the ballot and return it sealed in the enclosed envelope by the conclusion of the City Council public hearing on July 26, 1999. Ballots may be returned either by mail, or delivered to the City Clerk at 1017 Middlefield Road or to the City Clerk prior to the conclusion of the public hearing. Information Regarding Public Hearing and Protest Procedure: The City of Redwood City City Council will hold a public hearing on July 26, 1999, to hear testimony regarding the proposed assessment, to accept ballots, and to determine whether there is a majority protest against the proposed assessment. The hearing, which begins at 7:30 p.m., will be held in the City Council Chambers located at 1017 Middlefield Road in Redwood City. All ballots that are returned to the City will be tabulated and weighted according to the proportional financial obligation of the affected property. If upon completion of the public hearing and tabulation of the ballots the City Council determines that a majority of the ballots cast and as weighted oppose imposition of the assessment, the assessment will not be imposed. Questions Regarding These Proceedings: If you have any questions regarding the proposed assessment or this process, please Mr. Peter Vorametsanti (City staff member) at 780-7388. 13645