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Home My WebLink AboutFin Loch Lomond District 10 Tax Ratef SAN RAFAEL THE CITY WITH A MISSION Agenda Item No: 4.d Meeting Date: May 1, 2017 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 2017-2018 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, until further revised. 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 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 2017-2018 will generate $15,606 in taxes. Although the self-insurance set-aside will no longer be levied until or unless a valid catastrophic claim or expense reduces the FOR CITY CLERK ONLY File No.: 6-50 x 9-12-1 Council Meeting: 05/01/2017 Disposition: Resolution 14315 SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 2 reserve, the assessments for maintenance activities and for fire and drainage access expenses will continue to be levied. During fiscal year 2016-2017, the Public Works Department During implemented the cleaning of debris and siltation from the box culvert system which runs from Manderly Road to the Loch Lomond ditch. They also removed debris and silt from the upper drainage system consisting of the two Las Casas headwalls, which are a part of the Loch Lomond ditch. The work to remove the debris is ongoing, as debris and silt continue to fill the Loch Lomond drainage system. Public Works is currently evaluating the proper response to recent slides and erosion left behind from the heavy rains of this past season. FISCAL IMPACT: This action will provide the County Auditor Controller the necessary documentation to initiate Fiscal Year 2017-2018 Loch Lomond #10 levies consistent with budget projections for Fiscal Year 2017-2018. A full listing of the parcels levied, and exempt from the levy, is attached to the proposed Resolution as Exhibit A. A Resolution has been prepared which confirms the Fiscal Year 2017-18 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 A. RESOLUTION NO. 14315 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL SETTING THE DISTRICT TAX FOR COMMUNITY FACILITIES DISTRICT NO. 1992-1 (LOCH LOMOND #10) FOR FISCAL YEAR 2017-2018 AT $578 PER PARCEL, EXCEPTING EXEMPT ASSESSOR PARCEL NOS. 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 Community Facilities District No. 1992-1 Loch Lomond #10 at $578 per parcel for fiscal year 2017-18, excepting exempt Assessor Parcel Nos. 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 1 st day of May 2017, 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 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Loch Lomond #10 Mello Roos District Assessment Fiscal Year 2017-2018 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: 5/1/2017 From: Mark Moses Department: Finance Date: 4/24/2017 Topic: TAX RATE FOR LOCH LOMOND #10 COMMUNITY FACILITIES DISTRICT Subject: A RESOLUTION SETTING THE TAX RATE FOR YEAR 2017-2018 ON ALL TAXABLE PROPERTY WITHIN THE COMMUNITY FACILITIES DISTRICT NO. 1992-1 (LOCH LOMOND #10) Type: ® Resolution ❑ Ordinance ❑ Professional Services Agreement ® Other: Staff Report ® Finance Director Remarks: self -approved ® City Attorney Remarks: Approved with recommended changes to the Staff Report and Resolution. ETD. 4/25/17 ® Author, review and accept City Attorney / Finance changes Remarks: Ready for CM ® City Manager Remarks: