TO:
Honorable Mayor and Members of the City Council
THROUGH:
John Jalili, Interim City Manager
FROM:
Bruce Moe, Finance Director
Henry Mitzner, Controller
SUBJECT:Title
Resolution Ordering Plans, Specifications, Cost Estimates and Engineer's Report for Annual Street Lighting Assessment (Finance Director Moe).
ADOPT RESOLUTION NO. 14-0013
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council adopt Resolution No. 14-0013 ordering the preparation of plans, specifications, cost estimates and the engineer's report for the annual renewal of the Landscaping and Lighting District for fiscal year 2014-2015 pursuant to the Landscaping and Lighting Act of 1972.
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FISCAL IMPLICATIONS:
The assessment engineering cost for the Landscaping and Lighting District is $7,000 and is budgeted in the Public Works department.
It is important to note that because assessments have been fixed for many years, and costs have continued to rise and exceed the revenue generated by the assessments, the Street Lighting and Landscape Fund has depleted its fund balance. As a result, the General Fund is forced to subsidize the fund. The projected subsidy in the current fiscal year (2013-2014) is $229,000. A Proposition 218 vote is required to raise the assessments. Presently the City is studying long term financing of the Street Lighting and Landscaping Districts. This study will be completed in Fall 2014 and will have no bearing on the 2014-2015 fiscal year.
BACKGROUND:
The City provides for the operations and maintenance of Street Lighting and the Downtown Streetscape via the Street Lighting and Landscaping Assessment District. The District, which was formed pursuant to the Landscaping and Lighting Act of 1972, is comprised of separate street lighting districts for the majority of the City, and the lighting and landscaping services provided for the Downtown...
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