AgdaPkt 2010-05-24 special, clsd and jnt

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6.3C Page 18 CITY MANAGER'S TRANSMITTAL LETTER Seaport Centre Maintenance District City of Redwood Gity County of San Mateo, State of California The City Manager of the City of Redwood City, Coun#y of San Mateo, State of California, makes this report, as directed by the City Council, pursuant to Section 18.104 of Article XII of Chapter 18 of the Code of the City of Redwood City, as amended. Accompanying this Report is the Engineer's Report, prepared in accordance with Article XIII D of the California Constitution, enacted by approval of _Proposition No. 218 in the November 5, 1996 statewide general election. The Seaport Centre Maintenance District (the "District"} was established in April 1985 to pay for the cost and expense of maintaining and operating certain public improvements within the District that will be of benefit to parcels within the District. In November 1996 California voters amended the California Constitution with the passage of Proposition No. 218. Pursuant to Proposition No. 218, as of July 1, 1997, assessments must be approved by a majority vote protest procedure. Assessments were last approved by property owners in 2005 for a five year period ending June 30, 2010. The District encompasses all of the area included in the Seaport Centre business park development as filed in the subdivision maps entitled "SEAPORT CENTRE SUBDIVISION OF PARCEL A "AMENDED MAP" OF PARCEL MAP NO. 82- 1 ", which map was filed for record in the office of the County Recorder of the County of San Mateo on August 31, 1984 at Volume 112 of Subdivision Maps at Pages 4, 5, and 6. The District was established to maintain certain public utility facilities on public easements determined to be of sole benefit to the parcels within the District. The prior property owner vote approved only a five year cumulative levy. Any continuation of the levy at its current amount beyond the fiscal year ending June 30, 2010 requires a majority protest vote of affected property owners. In consultation with property owners, staff has prepared another 5-year budget for the period ending June 30, 2015 for the District. Property owners will vote to approve the maximum annual proposed levy during the five year budget period, and a cumulative levy during such 5- year period. The Engineer's Report, set forth as an attachment to this report, includes the five year budget of the District, the formula for allocating the annual budget requirement among property owners, and an assessment spread showing the amount to be levied on each parcel in the District. The property owner ballot and the notice to be mailed to property owners as