HomeMy WebLinkAboutCC AG PKT 2004-04-26 #X AGENDA REPORT
DATE: April 26, 2004
TO: Honorable Mayor and City Council
THRU: John B. Bahorski, City Manager
FROM: Pamela Arends -King, Director of Administrative Services/Treasurer
SUBJECT: Administration for Surfside Colony Assessment
District No. 2000 -1
SUMMARY OF REQUEST:
Staff requests City Council approve a proposal for Special District Administration of
Surfside Colony Assessment District No. 2000 -1 for fiscal years 2004/2005 and
2005/2006.
BACKGROUND:
Since the inception of the Surfside Colony Assessment District, MuniFinancial has
served as the administrator. Approval of this proposal will provide continuity in
administration for this special district.
MuniFinancial will provide base services in regards to Surfside Colony Assessment
District No. 2000 -1, which includes determining the amount of assessments, place
assessments on the County Assessor's Roll, provide delinquency management, update
and track bond fund balances, and complete the annual filing requirements under revenue
and taxation code section 163. The firm will also provide optional services such as
assessment lien payoffs and bond call spread information.
FISCAL IMPACT:
The annual fee for both fiscal years for the Surfside Colony Assessment District No.
2000 -1 is $5,700. The fee did not increase from prior fiscal year. Optional fees for lien
payoff requests are $35 /request and bond call spread information requests are
$300 /request. The fees do not impact the General Fund because they are assessed to each
parcel.
Agenda Item i 1
April 26, 2004
Administration for Surfside Colony
Assessment District No. 2000 -1
RECOMMENDATION:
Staff recommends Council approve the proposal to provide Special District
Administration for Surfside Colony Assessment District No. 2000 -1.
UL dcf-e444- •
Pamela Arends g
Direct•' o As istrative Se 'ces/Treasurer
John : : ahorski, City Manager