AgdaPkt 2019-07-22 Joint SA PFA - Laserfiche WebLink

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6.L.- Page 2of5 ANALYSIS The District is assessed annually to allow taxes to be levied and collected by the San Mateo County (County) Controller and Tax Collector's Office with the secured property tax roll. Only special benefits are assessed, and any general benefits have been separated from the special benefits as shown in the Reports for the District. The District's annual assessment and formula for distributions were confirmed by City Council in 2015. The proposed annual assessment for FY 2019-20 in the amount of $212,500 would not be a change from the annual assessment stated in the confirmed Reports, and the assessment would not be a change from the previous annual assessment levied in FY 2018-19. There is also no change in the formula and distribution of benefit assessments among each individual parcel in the District from what was shown in the confirmed Reports. As shown in the Reports, the annual maintenance budget is balanced, with expected expenditures of the District not exceeding assessments. A draft resolution authorizing the levying and collection of assessments is attached along with a map of the District. A copy of the Reports, which includes the annual budget and assessments, are available for review in the City Clerk's Office. FISCAL IMPACT The District's finances are separate from the City's General Fund. Expenditures are budgeted within the Seaport Landscaping Maintenance District Fund. As shown in the Reports for the District, the annual maintenance budget is balanced, with expected expenditures not exceeding assessments. The proposed budget for the FY 2019-20 is $212,500. ENVIRONMENTAL REVIEW The City of Redwood City has determined that this action is categorically exempt from the California Environmental Quality Act (CEQA) under California Code of Regulations, Title 14, Section 15301 because the assessments, if approved, will fund the repair and maintenance of existing utilities. PUBLIC NOTICE Public Notification was achieved by posting the agenda, with the agenda items being listed, at least 72 hours prior to the meeting ALTERNATIVES The Council may choose to not levy assessments. If benefit assessments are not levied against the properties within the District, then the District may have to reduce maintenance and operation of the storm water retention system and landscaping along Seaport Boulevard. City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore 192