HomeMy WebLinkAboutResolution 2010-140 N.C.S. 08/02/2010Resolution No. 2010-140 N.C.S.
of the City of Petaluma, California
SE'T'I'ING 2010-2011 ANNUAL ASSESSIVIENT DIS'I'~ZICT
AI)MINYS'~RATIVE RA'I'ES
WI~EREAS, the City Council has heretofore confirmed as assessment for
improvements in the assessment districts the assessments listed in the attached Exhibit A,
including a maximum annual assessment to reimburse the City for costs in administering the
assessments, the funds derived there from and the bonds secured thereby,
WHEREAS, the annual assessment for administrative costs is hereby set for each
assessment districted listed in Exhibit A, and shall be collected on the County tax roll for the
fiscal year 2010-2011, until changed by resolution of this City Council,
W~-IEREAS, the annual assessment shall be spread and applied to the assessed parcels
in the same manner as the original assessment,
NOW, ~'~IEREFO~, BE IT RESOI,VED that the City Council finds that the total
annual assessment for each Assessment District listed in Exhibit A, including the Assessment
District administrative fees adopted by this resolution does not exceed the maximum annual
assessment adopted in the engineer's report for each such Assessment District, and that the
annual administrative assessment is a reasonable estimate of the administrative costs to be
incurred.
Under the power and authority conferred upon this Council by the Charter of said City
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approved as to
Council of the City of Petaluma at a Regular meeting on the 2"d day of'August, f m~.
2010, by the following vote:
Assistant City Attorney
AYES: Barrett, Vice Mayor Glass, Healy, Rabbitt, Renee, Mayor Torliatt
NOES: None
ABSENT: Harris
ABSTAIN: None
ATTEST: ~Q~~ ~'~-~~~
C~-
City Clerk
Resolution No. 2010-140 N.C.S. Page 1
EXH[BIT A
CITY OF PETALUMA, CA
ANNUAL ASSESSMENT FOR ADMINISTREATIVE RATES FOR
TAX ROLL YEAR 2010-201 1
* maximwn 2010- l 1
tax code threshold assessment
Assessment District # 23 80010 $ 8,800 $8,800
Redwood Business Park III
Assessment District # 24 76501 $ 12,800 $5,504
Lakeville Highway Improvements
Assessment District # 25 92801 NA $3,899
McNear Landing
Total
$18,203
* the administrative fee is calculated at 3% of the annual debt service payments.
the maxirrium threshhold is the amount that the fee may not exceed
The fees for AD 24 and AD 25 are based on a percentage of the debt service payment for the
year and therefore have decreased very slightly (less than 1/ 10 of 1%) from the previous year.
The fee for AD 23 remains the same from year to year.
Resolution No. 2010-140 N.C.S. Page 2