HomeMy WebLinkAboutCC AG PKT 2004-07-12 #D AGENDA REPORT 62:44
DATE: July 12, 2004
TO: Honorable Mayor and Council Members
THRU: John B. Bahorski, City Manager
FROM: Pamela Arends -King, Director of Administrative Services/Treasurer
SUBJECT: Approval of the annual special tax for the Communities
Facilities District No. 2002 -02 (Seal Beach Blvd/Lampson
Ave. Landscape Maintenance District)
SUMMARY OF REQUEST:
Staff requests Council approve the attached resolution approving 2004/05 annual special tax for
the Communities Facilities District No. 2002 -02.
BACKGROUND:
In July 2003, the City Council authorized a special tax to be levied within the Communities
Facilities District No. 2002 -02 (Seal Beach Boulevard/Lampson Avenue Landscape
Maintenance). The special tax is levied against parcels located along the newly developed areas
sulTounding Seal Beach Blvd and Lampson Avenue (See attached map of tax areas). The
2004/05 annual special tax increased from prior fiscal year by the annual change in the
Consumer Price Index for all Urban Consumers in the Los Angeles- Riverside - Orange County
area, as measured between March of the second fiscal year prior to that fiscal year and March of
the fiscal year immediately preceding that fiscal year. Only parcels located within the
established district are charged this special tax for landscape maintenance. Attachment A
illustrates the special tax for each area of the District. The special tax is calculated per gross land
acreage multiplied by the land area of the parcel.
The special tax collected is special revenue therefore it will not be included in general fund
revenues. The tax revenue will be used to pay for landscape maintenance. Total estimated
revenues for fiscal year 2004 /05 are $125,000. Total estimated expenditures for landscape
maintenance and administration are $120,000.
FISCAL IMPACT:
There is no fiscal impact on the General Fund.
Agenda Item .7,
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RECOMMENDATION:
Council approve the attached resolution approving 2004/05 annual special tax for the
Communities Facilities District No. 2002 -02.
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Pamela Arends -King
Director of Administrative Services/Treasurer
NO AD i/ D APPR ED:
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John ahorski, City Manager