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

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6.M. - Page 2 of 5 ANALYSIS The District is annually assessed 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 each year. 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 budget, annual assessment, and formula for tax distributions were confirmed by the City Council on August 24, 2015, after conducting a public hearing and ballot of the affected property owners. The proposed annual assessment for FY 2019-20 of $187,000 is not a change from the previous annual assessments and approved Reports. As shown in the Reports, the annual maintenance budget is balanced, with expected expenditures not exceeding assessments. The benefit assessment has been held constant since FY 2005-06. 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, is available for review in the City Clerk's Office. FISCAL IMPACT Funds for the District are accounted in the Seaport Centre Maintenance Fund. Revenues and expenditures are separate from the City's General Fund with no fiscal impact anticipated to the City's General Fund. The District's Fiscal Year 2019-20 budgeted assessment is proposed to be $187,000. 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 not to levy the assessments. If benefit assessments are not levied against the properties within the District, then the District may have to reduce maintenance and operation of some systems, such as the storm pump stations and levees, which may compromise the health and safety for employees and patrons of Seaport Centre. ATTACHMENTS Attachment A: Resolution for Levy and Collection of Benefit Assessments for FY 2019/2020 for the Seaport Centre Maintenance District Attachment B: Map of Seaport Centre City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore 197