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Page 3 of 4 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />assessments is attached. Copies of the Reports, which include the annual budget and assessments, are <br />available for review in the City Clerk’s Office. <br />FISCAL IMPACT <br />The District’s finances are separate from the City’s General Fund. Commercial properties along Seaport <br />Boulevard and in Seaport Centre pay annually for the expense of maintaining and operating the <br />stormwater retention basin and landscaping along Seaport Boulevard. Expenditures and revenues are <br />budgeted within the Seaport Landscaping Maintenance District Fund. As shown in the reports for the <br />District, the annual maintenance budget is in balance, with expected expenditures not exceeding <br />assessments. The proposed budget for the fiscal year is $212,500. <br />ENVIRONMENTAL REVIEW <br />This activity is categorically exempt from the California Environmental Quality Act (CEQA) under California <br />Code of Regulations, Title 14, Section 15301 (Class 1) because the assessments, if approved, will fund the <br />repair and maintenance of existing utilities. <br />PUBLIC NOTICE <br />Public notification was achieved by posting the agenda, with the agenda items being listed, at least 72 <br />hours prior to the meeting. <br />ALTERNATIVES <br />1. The City Council may choose to not levy assessments and supplement the District’s finances with City <br />funds. This option will decrease funds available to other programs. <br />2. The City Council may choose to not levy assessments or provide supplemental funding to offset the <br />assessment amount. With this option, the District may have to reduce maintenance and operation of <br />the storm water retention system and landscaping along Seaport Boulevard. This option conflicts with <br />the City’s maintenance agreement with the District. <br />ATTACHMENTS <br />Attachment A – Resolution <br />7.C. - Page 3 of 5 <br />80