To: Honorable Mayor and Members of City Council
From: Brian Cochran, Finance Director
Prepared By: Jessie Sauter, Finance 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 2018/19.
Body
DISCUSSION:
Attached are the FY 2018/19 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 tax 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 2018/19, the assessments will generate approximately $100,000 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 2018/19, the assessments will generate approximately $260,000 in revenue which is deposited to the River Park Estates Maintenance Special Revenue Fund.
FINANCIAL IMPACTS:
The revenues derived from the property taxes and assessments have been budgeted as part of the City's biannual budget process. The proposed budgets for Lake Park and River Park Assessment Districts for FY 2018/19 are $100,000 and $260,000, respectively.
CEQA:
The City Manager has determined that the Recommend...
Click here for full text