MEETING DATE:
JULY 13, 2021
SUBJECT:
Title
RESOLUTION NO. 2021-8905 - LEVY OF THE ASSESSMENT OF VALLECITOS TOWN CENTER STREET MAINTENANCE DISTRICT WITHIN THE CITY OF SAN MARCOS FOR FISCAL YEAR 2021-2022
Body
Recommendation
Recommendation
ADOPT a resolution approving and confirming the diagram and assessment, and levying the assessment for Fiscal Year 2021-2022.
Body
Board or Commission Action
Not Applicable
Relevant Council Strategic Theme
Good Governance
Economic Development
Relevant Department Goal
Not Applicable
Executive Summary
This is a public hearing to receive public input on the proposed levy of assessments for Fiscal Year 2021-2022 for the City of San Marcos Vallecitos Town Center Street Maintenance District. The Street Landscape and Lighting Act of 1972 requires that districts formed under its provisions be renewed each fiscal year in which an assessment is to be levied.
Discussion
In October 1999, at the request of the property owners, the Vallecitos Town Center Street Maintenance District was formed pursuant to the terms of the Landscaping and Lighting Act of 1972 by Resolution 1999-5300. The purpose of this District is to provide yearly revenue from properties to pay their fair share of street maintenance costs along Center Drive and energy and maintenance costs of existing traffic signals within the district.
The Landscaping and Lighting Act requires that a resolution be adopted for the renewal of the district for the upcoming year. The engineer's report is attached which discusses the scope of services and apportionment of the levy.
Fiscal Impact
The Vallecitos Town Center Street Maintenance District is estimated to produce revenues sufficient to cover all expected and eligible expenses with no subsidy from the General Fund (100) for the Fiscal Year of 2021-22. The renewal of district assessments will allow for the continued levy on annexed properties within the District. These funds are used to maintain street and signal improvements within the District.
Attachment(s)
Resolution 2021-XXXX
Attachment A: Vicinity Map
Attachment B: Engineer’s Report
Prepared by: Jeffrey Jorgenson, Accountant
Reviewed by: Donna Apar, Assistant Finance Director
Approved by: Lisa Fowler, Finance Director