AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 7/18/2018
TO: Honorable Mayor and City Council Members
FROM: Administrative Services Department
SUBJECT:
Title
City Council consideration to adopt Resolution No. 2018-077 levying special taxes to be collected during Fiscal Year 2018-19 for the payment of the annual cost of maintenance services within Community Facilities District No. 2016-3 (Maintenance Services).
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RECOMMENDED ACTION:
Recommended action
That the City Council adopt Resolution No. 2018-077 levying special taxes to be collected during Fiscal Year 2018-19 for the payment of the annual cost of maintenance services within Community Facilities District No. 2016-3 (Maintenance Services).
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ANALYSIS:
It is necessary that the City Council levy special taxes for the payment of annual costs of maintaining, servicing, cleaning, repairing and/or replacing landscaped areas (may include reserves for replacement) in public street right-of-way, public landscaping, public open spaces and other similar landscaped areas officially dedicated for public use, including, but not limited to, maintenance and lighting of parks, parkways, streets, roads and open space, maintenance and operation of water quality improvements and storm drain systems, and public street sweeping within Community Facilities District No. 2016-3 (Maintenance Services) (the "District"), and the surrounding area, pursuant to Section 53340 of the Government Code. Special taxes within the District are levied in an amount necessary to satisfy the Special Tax Requirement, as defined in the District's Rate and Method of Apportionment (RMA). Any necessary replenishment or expenditure of the reserve funds and an amount estimated for administrative expenses during the year are included in the levy. The special taxes levied will not exceed the authorized amounts as provided in the RMA.
COMMITTEE ACTION:
Not Applicable.
STRATEGIC PLAN:
This item supports the City's Strategic Pl...
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