HomeMy WebLinkAboutCC AG PKT 2004-04-26 #Z 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 Community Facilities
District No. 2002 -02 (Seal Beach Blvd/Lampson
Ave Landscape Maintenance)
SUMMARY OF REQUEST:
Staff requests City Council approve a proposal for Special District Administration of the
Community Facilities District No. 2002 -02 (Seal Beach Boulevard/ Lampson Avenue
Landscape Maintenance) for fiscal years 2004/2005 and 2005/2006.
BACKGROUND:
MuniFinancial will provide base services in regards to the Community Facilities District
No. 2002 -02 (Seal Beach Boulevard/ Lampson Avenue Landscape Maintenance) which
includes maintain and periodically update an electronic database containing parcel basis
data and annual special tax levy amounts by Assessor's Parcel Number. Annually
calculate and apportion the special taxes as specified in the Rate and Method of
Apportionment of Special Tax, monitor delinquencies each January and May and submit
periodic reports to the City and prepare annual special tax reports. The firm will also
provide optional services such as prepare and forward a detailed report of the parcels to
be foreclosed to Foreclosure Counsel.
FISCAL IMPACT:
The annual fee for both fiscal years for the Community Facilities District No. 2002 -02 is
$3,500. The fees do not impact the General Fund because they are assessed to each
parcel.
Agenda Item Z
April 26, 2004
Administration for Community Facilities District No. 2002 -02
RECOMMENDATION:
Staff recommends Council approve the proposal to provide Special District
Administration for the Community Facilities District No. 2002 -02.
6Z - l
Pamela Arends -King
Directo Ad • .nistrative Servic s/Treasurer
/ AP
John B. : r or ', City Manager