Title
Public Hearing to Consider Adoption of Resolution Approving the Engineer's Report, Confirming Diagram and Assessment, and Ordering the Levy of Assessments, Maintenance Assessment District 01-01 (Marina Cove). (Public Works 276)
Body
To: Honorable Mayor and Members of the City Council
From: Elizabeth D. Warmerdam, Interim City Manager
Re: Public Hearing to Consider Adoption of Resolution Approving the Engineer's Report, Confirming Diagram and Assessment, and Ordering the Levy of Assessments, Maintenance Assessment District 01-01 (Marina Cove)
BACKGROUND
On March 3, 2015, in accordance with the Landscape and Lighting Act of 1972, the City Council appointed an engineer and an attorney for the annual proceedings associated with Maintenance Assessment District (MAD) 01-01 in Marina Cove, and authorized the preparation of the Engineer's Report. On May 19, 2015, the City Council preliminarily approved the Engineer's Report, declared an intention to order levy and collection of Marina Cove assessments, and set a public hearing for July 7, 2015.
DISCUSSION
MAD funds the maintenance of Marina Cove's street trees, medians, sidewalks, pathways, irrigation, lighting, and the associated utility costs. The Engineer's Report was prepared in accordance with Section 22565 et seq. of the California Streets and Highways Code. The report includes an estimated annual budget to maintain the public improvements within MAD. This year, there is no allocation from fund reserves to cover expenses above the current year's budget. In coming years, with additional assessment funds from Marina Cove Phase II, there is the potential for additional reserve collection or reduced assessments.
An automatic Consumer Price Index (CPI) increase was authorized in the founding of this MAD. Accordingly, the assessments will increase by 2.53%, which is the CPI for the Bay Area for the month ending February 2015. A vote of the property owners is not required.
Publ...
Click here for full text