HomeMy WebLinkAboutFin Loch Lomond District 10 Tax 2016-17CITYO.'//� Agenda Item No: 4.f
Meeting Date: May 2, 2016
SAN RAFAEL CITY COUNCIL AGENDA REPORT
Department: FINANCE
Prepared by: Mark Moses City Manager Approval:
Finance Director
TOPIC: TAX RATE FOR LOCH LOMOND #10 COMMUNITY FACILITIES
DISTRICT
SUBJECT: A RESOLUTION SETTING THE TAX RATE FOR YEAR 2016-2017 ON
ALL TAXABLE PROPERTY WITHIN THE COMMUNITY FACILITIES
DISTRICT NO. 1992-1 (LOCH LOMOND #10)
RECOMMENDATION: Adopt resolution setting tax rates for the Loch Lomond District for
fiscal year 2016-2017.
BACKGROUND: In the early 1990s, the City Council and landowners worked to establish the
Community Facilities District 1992-1 (more commonly known as Loch Lomond #10) for the
purpose of creating a special tax in the District. The purpose of the tax was to build a reserve
fund and to support the operating and maintenance costs relating to fire access and drainage
issues that could pose threats to property owners located in the District.
Annually, staff reviews District activity, and prepares a resolution setting the special tax rates.
Although action may not always be formally required by the City Council to levy the taxes
against the District properties, the City has preferred to bring this item forward publicly.
ANALYSIS: The Council approved Ordinance No. 1683 several years ago which provides that
the tax rate be subject to the formulas in Resolution No. 8839. Based upon the amounts collected
to date, and anticipated future needs, the current rate of $578 for each of the 27 assessable parcels
is sufficient. This rate has remained in place since July 1, 2011, and comprises $435 per parcel
for maintenance activities and $143 per parcel for maintaining fire and drainage access.
The funding for the liability reserve achieved its target balance of $500,000 in 2005, and
continues to accumulate investment earnings. Because the balance exceeds the minimum
$500,000 target, additional levies are not required for this set-aside.
The total levies for fiscal year 2016-2017 will generate $15,606 in taxes. Although the self -
FOR CITY CLERK ONLY
File No.: 6-50 x 9-12-1
Council Meeting: 05/02/2016
Disposition: Resolution 14111
SAN RAFAEL CITY COUNCIL AGENDA REPORT / Paee: 2
insurance set-aside will no longer be levied until or unless a valid catastrophic claim or expense
reduces the reserve, the assessments for maintenance activities and for fire and drainage access
expenses will continue to be levied. The Public Works Department will continue to address
ongoing drainage maintenance needs and will identify any parts of the system that require major
attention. No major repairs are scheduled during the upcoming fiscal year.
FISCAL IMPACT: This action will provide the County Auditor Controller the necessary
documentation to initiate Fiscal Year 2016-2017 Loch Lomond levies consistent with budget
projections for Fiscal Year 2016-2017. A full listing of the parcels levied is attached to this
report. A Resolution has been prepared which confirms the Fiscal Year 2016-17 rate at $578 per
parcel. There is no fiscal impact to the City's General Fund as a result of this action.
ACTION REQUIRED: Staff recommends the City Council approve the report and adopt the
Resolution as presented.
ATTACHMENT
Resolution with Exhibit
RESOLUTION NO. 14111
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
RAFAEL SETTING THE DISTRICT TAX FOR LOCH LOMOND #10
FOR FISCAL YEAR 2016-2017 AT $578 PER PARCEL, EXCEPTING
EXEMPT ASSESSOR PARCEL NO'S. 16-330-12,13,14.
WHEREAS, the City Council of the City of San Rafael by Resolution No. 8839 formed
"Community Facilities District No. 1992-1 Loch Lomond #10", City of San Rafael, County of
Marin, State of California; and,
WHEREAS, the landowners of CFD 1992-1 voted in a mail ballot election called by the
City Council by Resolution No. 8840, and unanimously approved the imposition of a special
district tax, as declared in Resolution No. 8841; and,
WHEREAS, on March 9, 1993, the City of San Rafael prepared and filed a Notice of
Special Tax Lien for all of the parcels within the CFD 1992-1, which included the facilities and
services to be funded by the tax, and method for establishing a rate and calculating the
apportionment of the tax; and
WHEREAS, Ordinance No. 1683 provides that the rate will be set by resolution subject to
the maximum authorized by Resolution No. 8839.
NOW THEREFORE BE IT RESOLVED that the City Council of San Rafael does
hereby set the special tax for Loch Lomond #10 at $578 per parcel for fiscal year 2016-17,
excepting exempt Assessor Parcel No's. 16-330-12,13,14, as provided in Exhibit "A", attached
hereto and incorporated herein.
I, ESTHER C. BEIRNE, Clerk of the City of San Rafael, hereby certify that the
foregoing resolution was duly and regularly introduced and adopted at a regular meeting of the City
Council of said City held on Monday the 2nd day of May 2016, by the following vote, to wit:
AYES: COUNCILMEMBERS: Bushey, Colin, Gamblin, McCullough & Mayor Phillips
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
'e . 'e`'`,'E -
ESTHER C. BEIRNE, City Clerk
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Loch Lomond #10
Mello Roos District
Assessment Fiscal Year 2016-2017
Assessors Parcel # Assessment
16-321-01
$578.00
16-321-02
$578.00
16-321-03
$578.00
16-321-04
$578.00
16-321-05
$578.00
16-321-06
$578.00
16-321-07
$578.00
16-321-08
$578.00
16-321-09
$578.00
16-321-10
$578.00
16-322-01
$578.00
16-322-02
$578.00
16-322-03
$578.00
16-322-04
$578.00
16-322-05
$578.00
16-322-06
$578.00
16-322-07
$578.00
16-330-01
$578.00
16-330-02
$578.00
16-330-03
$578.00
16-330-04
$578.00
16-330-05
$578.00
16-330-06
$578.00
16-330-07
$578.00
16-330-08
$578.00
16-330-10
$578.00
16-330-11
$578.00
16-330-12F
0.00
16-330-13
0.00
16-330-14F
0.00
*BMR Units
Exhibit A
ROUTING SLIP / APPROVAL FORM
INSTRUCTIONS: Use this cover sheet with each submittal of a staff report before approval
by the City Council. Save staff report (including this cover sheet) along
with all related attachments in the Team Drive (T:) --> CITY COUNCIL
AGENDA ITEMS 4 AGENDA ITEM APPROVAL PROCESS 4 [DEPT -
AGENDA TOPIC]
Agenda Item #
Date of Meeting: 5/2/2016
From: Mark Moses
Department: Finance
Date: 4/22/2016
Topic: TAX RATE FOR LOCH LOMOND #10 COMMUNITY FACILITIES DISTRICT
Subject: A RESOLUTION SETTING THE TAX RATE FOR YEAR 2016-2017 ON ALL
TAXABLE PROPERTY WITHIN THE COMMUNITY FACILITIES DISTRICT NO. 1992-1 (LOCH
LOMOND #10)
Type: ® Resolution ❑ Ordinance
❑ Professional Services Agreement ❑ Other:
APPROVALS
® Finance Director
Remarks: approved - MM
® City Attorney
Remarks: Approved with minor changes to Staff Report. ETD. 4/26/16
® Author, review and accept City Attorney / Finance changes
Remarks:
® City Manager
Remarks:
