HomeMy WebLinkAboutPW Special Tax on Properties at Loch Lomond 10 - Mello-Roos District No. 1992-1 PPTLoch Lomond 10 Mello-Roos District City of San Rafael Community Facilities District No. 1992-1 FY 2022-23 Update June 6, 2022 City Council Meeting What is the purpose of a Mello- Roos Community Facilities District? To fund ongoing maintenance of public access areas and storm system improvements within the District. History/Background •Located on Pt. San Pedro Peninsula •29 parcels •Formed in early 1990s to fund landslide mitigation and drainage systems Three dedicated funds 1.Self-insurance fund 2.Sinking fund 3.Maintenance fund FY 2022-23 Proposed Assessment Fiscal year Self-insurance Fund Sinking Fund Maintenance Fund 2020-21 Assessment $0 $0 $174 $661 Revenue $0 $0 $4,701 $17,857 2021-22 Assessment $0 $0 $178 $709 Revenue $0 $0 $4,795 $19,148 2022-23 (proposed) Assessment $0 $0 $181.14 $867 Revenue $0 $0 $4,891 $23,418 Lower Las Casas Drainage and Debris Fence Clearing Lower Las Casas Drainage and Debris Fence Clearing Fire Road Vegetation Clearing, Asphalt Patch/Crack Sealing and Debris Fence Clearing