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HomeMy WebLinkAboutPW Loch Lomond Marina Assessment 2018 PPTDepartment of Public Works Loch Lomond Marina Special Tax Assessment July 2, 2018 www.cityofsanrafael.org/DPW Slide 1 Loch Lomond Marina Special Tax Assessment Department of Public Works Loch Lomond Marina Special Tax Assessment July 2, 2018 www.cityofsanrafael.org/DPW Slide 2 Tonight’s Action •Adopt resolution setting Mello-Roos Special Tax for Fiscal Year 2018- 2019 for Community Facilities District No. 2 •Special tax will fund maintenance and operation of public facilities at the Village at Loch Lomond Marina –Marina green –Boardwalk –Playground Department of Public Works Loch Lomond Marina Special Tax Assessment July 2, 2018 www.cityofsanrafael.org/DPW Slide 3 Background LLM Assessment District Department of Public Works Loch Lomond Marina Special Tax Assessment July 2, 2018 www.cityofsanrafael.org/DPW Slide 4 2007 - 2017 August 2007 - Village at LLM granted land use and subdivision approvals •Condition of Approval required formation of a Community Facilities District (Mello-Roos) for long term maintenance July 2010 – Council officially formed the Community Facilities District thru Resolution 13014 •Special Tax Assessment was voted on by “eligible land owners” and approved July 2017 - Special Tax first levied based on assumption that subdivision improvements would be completed in FY 2017-18 and begin to incur maintenance costs Department of Public Works Loch Lomond Marina Special Tax Assessment July 2, 2018 www.cityofsanrafael.org/DPW Slide 5 FY 2017-18 Most improvements are completed but at the end of FY 2017-18… •One roadway not finalized •BCDC approvals required to finalize improvements to the park and to the connector to the breakwater •Other “punchlist” items mostly related to the park need to be completed Since all improvements are not complete: •The public improvements have not yet been accepted by the City •No maintenance costs were incurred by the City Department of Public Works Loch Lomond Marina Special Tax Assessment July 2, 2018 www.cityofsanrafael.org/DPW Slide 6 Today LLM Assessment District Department of Public Works Loch Lomond Marina Special Tax Assessment July 2, 2018 www.cityofsanrafael.org/DPW Slide 7 FY 2018-19 •City anticipates accepting the improvements in 2018 –Marina green –Boardwalk –Playground •Maintenance costs will be incurred for these public amenities in 2018/19 •CSW/Stuber Stroeh Engineers Report had calculated that the Assessment funding requirements for 2018/19 are $79,737 Department of Public Works Loch Lomond Marina Special Tax Assessment July 2, 2018 www.cityofsanrafael.org/DPW Slide 8 Total Assessment Needed Department of Public Works Loch Lomond Marina Special Tax Assessment July 2, 2018 www.cityofsanrafael.org/DPW Slide 9 Assessment per Parcel Type Department of Public Works Loch Lomond Marina Special Tax Assessment July 2, 2018 www.cityofsanrafael.org/DPW Slide 10 Next Steps Public Works is preparing to solicit for maintenance services for LLM. Award in August The balance of funds available in 2017/18 and the assessment in 2018/19 will be used to pay for these services Resolution prepared for FY2018/19 Special Tax Recommended Council Action: Adopt the attached Resolution setting the Mello- Roos Special Tax for City of San Rafael Community Facilities District 2 for Fiscal Year 2018/19 Department of Public Works Loch Lomond Marina Special Tax Assessment July 2, 2018 www.cityofsanrafael.org/DPW Slide 11