HomeMy WebLinkAboutAgenda Bill 3B-AnnualAssessments 08/03/2009
CITY OF PETALUMA, CALIFORNIA ~ ^ ~
~~~~~~ ~~,~ August 3, 2005
Agenda Title: Meeting Date:
Reso~luti~on Setting 2009-2010 Annual Assessment District.Admini'strative August 3, 2009
Rates Meeting Time: 7:00 PM
Categorya ^ Presentation ^ Ap"pointments ~ Consent ^ Public Hearing ^ Unfinished Business ^ New Business
Department: Director: Contact; Person: Phone Number:
Finance Tamera Haas Kate -Lloyd 778-4579
Total Cost of Proposal or Proiect: N/A Name of Fund: N/A
Budgeted: N/A Account Number: N/A
.Recommendation:, Tt is "recommended that:"the City Council take. the following action:
Adopt resolution setting annual administrative rates for assessment districts.
1. ^ First reading of Ordinance approved unanimously, or with unanimous vote to allow posting prior to second reading
2. ^ First reading of Ordinance approved without unanimous vote: Ordinance has been publishedfpostedpyior to second
reading; see Attachment.
3. ^ Other action requiring special notice` Notice has been given; see A~ttachtnent '
Surr-mary Statement:
'The City charges administrative fees for assessmment districts, as al-lowed by State law. The current rate needs
annual approval by City Council.
A"ttachments to Agenda Packet Item:
Resolution setting 2009-201.0 Annual Assessment Administrative Rates
:Exhibit A-Schedule of administrative rates by assessment district
Reviewed b Finance Director: Reviewed by City Attorney; A rove I ~ Giyty Mana er:
~ z~~~Iq
"Date: Date:.. ~' ~i"~°~'
Rev. #1 'iG; . ~ti ~ Date Last Revised: 7!20%09 File:
CITY OF PETALUMA, CALIFORNIA
AUGUST 3, 2009
AGENDA REPORT FOR
RESOLUTION SETTING 2009-2010 ANNUAL ASSESSMENT DISTRICT
ADMINISTRATIVE RATES
1. RECOMMENDATION:
Approve the 2009-2010 annual assessment .district adriin~strative rates per attached Exhibit A
schedule.
2. BACKGROUND.:
Since 1.987 the City has charged assessment. districts administrative fees, as allowed by State law.
The affected assessment districts are the following:
AD 23, formed. in 1995 for Redwood Business Park 3 included: construction and improvements 'to
North McDowell B vd, bridge over Willow Brook Creek, road improvements on Old Redwood
Highway, utility improvements, and widening Willow Brook Creek. AD 24, formed in 1996 for
Lakeville .Highway .Road Improvements, included: street improvements, storm drain improvements,
.traffic ~signalization, landscaping and right-of way acquisition. AD 25, formed in 1997 for McNear
Landing included: various grading, pavement, curb, gutter, street lights, traffic striping and signs,
walkways, landscaping, irrigation and lighting, water~mains, sanitary sewer mains.
3. DISCUSSION:
Administrative fees are charged to assessment districts to recover costs incurred by the City related to
the accounting and ~admiristration~ of the assessment district bonds. These include the following
direct costs: Sonoma Comity collection fees, fiscal agent fees, disclosure fees, and allocation of audit
fees. These also include staff'fime for preparation and payment of debt service, work related to pay-
offs and bond .calls, allocation of investment income, bank reconciliation for the AD accounts, audit
work related to the districts and the related bonds.
I~ 4. FINANCIAL IMPACTS:
Additona~l fees collected by the County from the property owners in the assessment districts to cover
the City's ~adnin'strati_ve fees will be available for the City ~to offset costs incurred in connection with
the administration of the districts.
RESOLUTION SETTING 2009-2010 ANNUAL ASSESSMENT DISTRICT
ADIVIINISTRATIVE~ RATES
W>FIE'REAS, the City Council has heretofore confirmed- assessments for improvements in the assessment
districts list 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 2009-ZO10, until changed by
resolution of this City Council,
WHEREAS, the annual assessment shall be spread and applied to the assessed parcels in the same manner as
the original assessment,
NOW, THEREFC)RE BE IT RESOLVED, the City Council finds that this annual .assessment does not exceed
the maximum annual assessment .adopted.. in the engineer's report, and that the annual administrative assessment
is a reasonable estimate of the administrative .costs to be incurred.
3
EXHIBIT A
CITY OF PETALIJMA, CA
ANNUAL ASSESSMENT FOR ADIVIINTSTREATIVE RATES FOR
TAX ROLL. YEAR 2,009-2010
*maximum 2009-2010
tax code threshold assessment
Assessment District # 23 80010 $' 8,800 $8,800
Redwood Business Park III
Assessment District # 24 76501 $ 12,800 $5,528
Lakeville Highway Improvements
Assessment. District # 25 92,801 NA $3,902
NlcNear Landing
Total $1.8,230
* the admnstrative fee is calculated at 3'% of the annual debtservee payments.
the maximum .threshhold is the amount that the fee may not; exceed.