| | | | | | | | Agenda Item - 3.d.
City of Garden Grove
INTER-DEPARTMENT MEMORANDUM
| To: | Scott C. Stiles
| From: | William E. Murray
| | Dept.: | City Manager
| Dept.: | Public Works
| | Subject: | Approval of the Fiscal Year 2021-22 Downtown Assessment District Budget; adoption of a Resolution initiating proceedings for the levying of assessments for Fiscal Year 2021-22; adoption of a Resolution approving the Engineer’s Report; and adoption of a Resolution of Intention fixing a time and date for a public hearing. (Action Item) | Date: | 5/25/2021 |
|
| | | | | | | | OBJECTIVE
For the City Council to (1) approve the proposed Fiscal Year 2021-22 Budget for the Downtown Assessment District No. 1 (MSAD); (2) Adopt a Resolution initiating proceedings for the levying of assessments for Fiscal Year 2021-22; (3) Adopt a Resolution approving the Engineer’s Report; and (4) Adopt a Resolution of Intention fixing a time and date for a public hearing. |
| | | | | | | | BACKGROUND
In 1977, the City Council formed the District per the Landscape and Lighting Act of 1972 (Act). Through an annual assessment, the District funds the construction and maintenance of special public improvements along Main Street such as planters, sidewalks, and streetlights. The Act requires that the City Council initiate the proceedings for the annual levy of assessments. To comply with these requirements, the following actions need to take place:
- Approval of FY21-22 assessment district budget (Attachment 1)
- Adoption of a resolution initiating procedures for levying assessment (Attachments 2 & 3)
- Adoption of a resolution approving the Engineer’s Report (Attachment 3)
- Adoption of a resolution of intention to levy and collect assessments and to fix a date and time for a public hearing (Attachment 4)
|
| | | | | | | | DISCUSSION
On March 11, 2021, the Downtown Commission approved the FY21-22 Budget and is hereby submitting it to City Council for final review. Total expenses for FY 2021-22 are $41,432. The proposed assessment reflects no increase from the previous year and remains at $19.92 per linear-foot, which is equivalent to a $498 levy for the typical 25-foot storefront on Main Street.
The following action is for City Council to adopt the remaining resolutions, thereby initiating proceedings for the annual assessment, ordering the preparation of and approving an Engineer’s Report, and finally setting a public hearing for June 8, 2021 at 6:30 p.m. |
| | | | | | | | FINANCIAL IMPACT
There is no impact to the General Fund. The beginning fund balance for the District is estimated at $95,674, with an estimated FY2021-22 assessment revenue of $27,200 and total FY2021-22 expenses of $41,432. |
| | | | | | | | RECOMMENDATION
It is recommended that the City Council:
- Approve the proposed Budget for the Downtown Assessment District No. 1 for 2021-22;
- Adopt the attached Resolution initiating proceedings for the Downtown Assessment District No. 1, and direct the Engineer to prepare the required report;
- Adopt the attached Resolution approving the Engineer’s Report for the Downtown Assessment District No. 1; and
- Adopt the attached Resolution of Intention to levy and collect assessments for the Downtown Assessment District No. 1, and set a public hearing for June 8, 2021, at 6:30 p.m.
By: Ana V. Neal, Sr. Administrative Analyst
|
|