HomeMy WebLinkAboutCC AG PKT 2003-04-14 #W AGENDA REPORT
DATE April 14, 2003
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 Distnct Administration of
Surfside Colony Assessment District No 2000 -1 for fiscal year 2003/04
BACKGROUND
Since the inception of the Surfside Colony Assessment Distnct MumFinancial 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
Distnct 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 fee established for the 2003/04 Surfside Colony Assessment District No 2000 -1 is
$5,700 The fee did not increase from pnor 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 /'�/
April 14 2003
Administration for Surfside Colony
Assessment Distnct No 2000 1
RECOMMENDATION
Staff recommends Council approve the proposal to provide Special District
Administration for Surfside Colony Assessment Distnct No 2000 -1
ta//4 Ara -
Pamela Arends ng
Director of A, inistrative ervices /Treasurer
Ai i
John B 4 4 horski, City Manager