The URL can be used to link to this page

Home My WebLink AboutFin Loch Lomond 10 Tax Rate; 2015-16Agenda Item No: 3. f Meeting Date: June 15, 2015 SAN RAFAEL CITY COUNCIL AGENDA REPORT Department: FINANCE Prepared by: Mark Moses Finance Director City Manager Approval))04 SUBJECT: A RESOLUTION SETTING THE TAX RATE FOR YEAR 2015-2016 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 2015-2016, 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 2015-2016 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 reserve, the assessments for maintenance activities and for fire and drainage access expenses will continue to be levied. While the precipitation this year within this area was less FOR CITY CLERK ONLY File No.: � �S�O -AQin /z .. / Council Meeting: (.//S'10 /S Disposition: P0919 ,,0,J /39 4 Z SAN RAFAEL CITY COUNCIL AGENDA REPORT / Page: 2 than anticipated, work included preliminary storm system preparation and cleanup, silt basin debris cleanup, crane work at Dorian Way headwall and a full system inspection. During fiscal year 2015-2016, the Public Works Department anticipates the initial implementation of a debris and siltation removal project from the box culvert system which runs from Manderly Road to the Loch Lomond ditch in preparation for the next rainy season. Public Works does not anticipate the need for any major repairs during the year. FISCAL IMPACT: This action will provide the County Auditor Controller the necessary documentation to initiate Fiscal Year 2015-2016 Loch Lomond levies consistent with budget projections for Fiscal Year 2015-2016. A full listing of the parcels levied is attached to this report. A Resolution has been prepared which confirms the Fiscal Year 2015-16 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. 13942 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL SETTING THE DISTRICT TAX FOR LOCH LOMOND #10 FOR FISCAL YEAR 2015-2016 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 2015-16, 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 15th day of June 2015, by the following vote, to wit: AYES: COUNCILMEMBERS: Bushey, Gamblin, McCullough & Mayor Phillips NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: Colin —!iSd -F- G= . ZZtk---- ESTHER C. BEIRNE, City Clerk Loch Lomond #10 Mello Roos District Exhibit A Assessment Fiscal Year 2015-2016 'BMR Units 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 'BMR Units Im CITY OF SAN RAFAEL ROUTING SLIP / APPROVAL FORM 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.-F DATE OF MEETING: June 15, 2015 FROM: Mark Moses DEPARTMENT: Finance DATE: May 27, 2015 TITLE OF DOCUMENT: A RESOLUTION SETTING THE TAX RATE FOR YEAR 2015-2016 ON ALL TAXABLE PROPERTY WITHIN THE COMMUNITY FACILITIES DISTRICT NO. 1992-1 (LOCH LOMOND #10) Department Head (signature) *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** *** (LOWER HALF OF FORM FOR APPROVALS ONLY) APPROVED AS COUNCIL / AGENCY APPROVED AS TO FORM: AGENDA ITEM: City Manager (signature) City Attorney (signature) NOT APPROVED REMARKS: