HomeMy WebLinkAboutResolution 2018-126 N.C.S. 08/06/2018Resolution No. 2018-126 N.C.S.
of the City of Petaluma, California
SETTING 2018-2019 ANNUAL ASSESSMENT DISTRICT
ADMINISTRATIVE RATES
WHEREAS, the City Council has heretofore confirmed an assessment for
improvements in the assessment districts as listed in the attached Exhibit A, including a
maximum annual assessment to reimburse the City for costs in administering the assessments,
the funds derived therefrom and the bonds secured thereby; and
WHEREAS, the annual assessment for administrative costs is hereby set for each
assessment district listed in Exhibit A, and shall be collected on the County tax roll for the fiscal
year 2018-2019, until changed by resolution of this City Council; and
WHEREAS, the annual assessment shall be spread and applied to the assessed parcels
in the same manner as the original assessment.
NOW, THEREFORE, BE IT RESOLVED 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 ,,Approv a,s to
Council of the City of Petaluma at a Regular meeting on the 61h day of August 2018, form: ,%
t
by the following vote:
AYES: Albertson, Barrett, Mayor Glass, Vice Mayor Healy, King, Miller
NOES: None
ABSENT: Kearney
ABSTAIN:
ATTEST:
Resolution No. 2018-126 N.C.S. Page 1
0:42511
CITY OF PETALUMA, CA
ANNUAL ASSESSMENT FOR ADMINISTRATIVE RATES FOR
TAX ROLL YEAR 2018-2019
*maximum
tax code threshold
Assessment District # 23 80010 $ 8,800
Redwood Business Park III
Assessment District # 24 76501 $ 121800
Lakeville Highway Improvements
Total
2018-19
assessment
$8,800
* The administrative fee is calculated at 3% of the annual debt service payments.
The maximum threshhold is the amount that the fee may not exceed
5,554
$14,354
Resolution No. 2018-126 N.C.S. Page 2