TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
Steve S. Charelian, Finance Director
Julie Bondarchuk, Financial Controller
SUBJECT:Title
Consideration of a Resolution Certifying the Results of Proposition 218 Special Mailed Ballot Election and Introducing an Ordinance to Adjust the Storm Drain Fees (Finance Director Charelian).
(Estimated Time: 30 Mins.)
A) ADOPT RESOLUTION NO. 24-0010
B) INTRODUCE ORDINANCE NO. 24-0003
Body
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RECOMMENDATION:
Staff recommends that the City Council adopt Resolution No. 24-0010 certifying the results of the Proposition 218 special mailed ballot election that concluded on January 17, 2024, and introduce Ordinance No. 24-0003 to adjust the storm drain fees.
FISCAL IMPLICATIONS:
The Stormwater Fund generates about $350,000 in revenue annually and currently operates at a deficit. By adjusting the storm drain fees, the Stormwater Fund is able to generate approximately $2.1 million in the first year with the option to increase fees by consumer price index (CPI) thereafter. This allows the Stormwater Fund to achieve a structurally balanced budget, alleviating the need for General Fund subsidies.
BACKGROUND:
On April 16, 1996, the City adopted Ordinance No. 1945, which created a separate enterprise fund (Stormwater Fund) for the storm drain program and established a storm drain fee in order to provide a secure funding source for storm water operations, maintenance, and capital improvements. The program includes flood management, compliance with clean water requirements, and design and construction of capital infrastructure. Storm drain fees are paid by property owners and have not been increased since the program's inception in 1996. Single-family residential (SFR) property owners paid a fixed fee of $19.12 per year. The County of Los Angeles collects the storm drain fee each fiscal year on the consolidated property tax bill. Storm...
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