HomeMy WebLinkAboutFin Loch Lomond 10 Tax Rate; 2013-14CITY
Agenda Item No: 3. 1
Meeting Date: May 20, 2013
SAN RAFAEL CITY COUNCIL AGENDA REPORT
Department: FINANCE
Prepared by: Mark Moses City Manager Approval.
Interim Finance Director
SUBJECT: A RESOLUTION SETTING THE TAX RATE FOR YEAR 2013-14 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 2013-14, until further revised.
BACKGROUND: When the City Council and landowners worked to establish the Community
Facilities District 1992-1 (more commonly known as Loch Lomond #10), the Council also took
steps to approve the creation of a special tax to support the necessary operating costs and
reserves. The special tax is collected to maintain a self-insurance liability reserve and to provide
monies for administrative, maintenance and incidental expenses associated with operating 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 9648. 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. The rate is comprised of $435 per parcel for future maintenance activities,
and $143 per parcel for maintaining fire and drainage access.
The funding for the self-insurance reserve has a balance of $500,000, consistent with the target
amount; therefore no additional levies are required for this set-aside.
The total levies will generate $15,606 in taxes. Although the self-insurance set-aside has
reached the maximum and will no longer be levied until or unless a valid claim reduces the
reserve, the assessments for maintenance activities and for fire and drainage access expenses
will continue to be levied. Recent activities include silt basin debris clean up and minor repairs
at three of the headwalls located at Las Casas Drive for a total cost of $6,000 (Staff time
$2,000 and contractual services $4,000). During fiscal year 2013-2014, the Public Works
Department is planning to spend approximately $8,000 to inspect the drainage system, remove
debris and material to prepare for the next rainy season and perform contractual work. No
File No.: 6 -,t �t - 1. -1) FOR CITY CLERK ONLY
Council Meeting: f _') C=' /
Disposition: —( /C)") I
SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 2
major repairs are anticipated.
FISCAL IMPACT: This action will provide the County Auditor Controller the necessary
documentation to initiate Fiscal Year 2013-14 Loch Lomond levies consistent with budget
projections for Fiscal Year 2013-14. A full listing of the parcels levied is attached to this report.
A Resolution has been prepared which confirms the Fiscal Year 2013-14 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.
ATTACHMENTS
RESOLUTION NO. 13535
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
RAFAEL SETTING THE DISTRICT TAX FOR LOCH LOMOND #10 FOR
FISCAL YEAR 2013-14 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 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 1683 provides that the rate will be set by resolution subject
to the maximum authorized by Resolution 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 2013-
14, excepting exempt Assessor Parcel No's. 16-330-12,13,14, as provided in Exhibit "A",
1, ESTHER C. BEIRNE, Clerk of the City of San Rafael, hereby certify that the
RIP
of the City Council of said City held on Monday the 20th day of May 2013, by the following
vote, to wit:
AYES: COUNCILMEMBERS: Colin, Connolly, Heller, McCullough & Mayor Phillips
NOES: COUNCILMEMBERS: None
UATI-11 6*1: a 0 1 �4161 W I I us] I I ITU A
ESTHER C. BEIRNE, City Clerk
Loch Lomond #10
Mello Roos District
Exhibit A
Assessment Fiscal Year 2013-2014
Assessors Parcel #
Assessment
1
16-321-01
$578.00
2
16-321-02
$578.00
3
16-321-03
$578.00
4
16-321-04
$578.00
5
16-321-05
$578.00
6
16-321-06
$578.00
7
16-321-07
$578.00
8
16-321-08
$578.00
9
16-321-09
$578.00
10
16-321-10
$578.00
11
16-322-01
$578.00
12
16-322-02
$578.00
13
16-322-03
$578.00
14
16-322-04
$578.00
15
16-322-05
$578.00
16
16-322-06
$578.00
17
16-322-07
$578.00
18
16-330-01
$578.00
19
16-330-02
$578.00
20
16-330-03
$578.00
21
16-330-04
$578.00
22
16-330-05
$578.00
23
16-330-06
$578.00
24
16-330-07
$578.00
25
16-330-08
$578.00
26
16-330-10
$578.00
27
16-330-11
$578.00
16-330-12
0.00
16-330-13*
0.00
16-330-14
0.00
CITY 4F SAN RAFAEL
1
INSTRUCTIONS: USE THIS FORM WITH EACH SUBMITTAL OF A CONTRACT, AGREEMENT,
ORDINANCE OR RESOLUTION BEFORE APPROVAL BY COUNCIL / AGENCY.
SRRA / SRCC AGENDA ITEM NO. 3.1
DATE OF MEETING: May 20, 2013
FROM: Mark Moses
DEPARTMENT: Finance
DATE: 05/08/2013
TITLE OF DOCUMENT: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL
SETTING THE DISTRICT TAX FOR LOCH LOMOND #10 FOR FISCAL YEAR 2013-14 AT $578 PER
PARCEL, EXCEPTING EXEMPT ASSESSOR PARCEL NO'S. 16-330-12,13,14.
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Department Head (signature)
(LOWER HALF OF FORM FOR APPROVALS ONLY)
APPROVED AS COUNCIL / AGENCY APPROVED AS TO FORM:
AGENDA ITEM:
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City Manager,(signature) City Attorney (signature) -
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