To: Honorable Mayor and Members of City Council
From: Rajneil Prasad, Finance Director
Prepared By: Jocelyn Ramirez, Management Analyst
TITLE:
Title
Lake Park and River Park Estates Maintenance Districts Assessment Rates
LABEL
RECOMMENDED ACTION:
Recommendation
Adopt a resolution authorizing the Lake Park and River Park Maintenance Districts' assessment rates for Fiscal Year 2024/25.
Body
DISCUSSION:
This item authorizes the FY 2024/25 rates for the assessments for the Lake Park and River Park Estates Maintenance Districts. An adopted resolution is required annually by the County of Napa Auditor-Controller's Office for inclusion on the property tax bills. No change is proposed to the current assessment rate.
The Lake Park Maintenance District was formed in 1966 by City Council Resolution No. 4070. An assessment is levied annually on property within the assessment district boundaries to fund operation and maintenance costs of the flood control levees, greenbelt areas, park area serving as a detention basin and flood pumping station. For FY 2024/25, the assessments will generate approximately $175,000 in revenue which is deposited to the Lake Park Maintenance District Special Revenue Fund.
The River Park Estates Maintenance District was formed in 1961 by City Council Resolution No. 2271. An assessment is levied annually on property within the assessment district boundaries to fund operation and maintenance costs of the levees and banks within the boundaries of the maintenance district. For FY 2024/25, the assessments will generate approximately $392,000 in revenue which is deposited to the River Park Estates Maintenance Special Revenue Fund.
FINANCIAL IMPACTS:
The revenues derived from the assessments have been budgeted as part of the City's current annual budget process. The proposed budgets for Lake Park and River Park Assessment Districts for FY 2024/25 are $175,000 and $392,000, respectively.
CEQA:
The City Manager has determined that the Re...
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