Item 4.2 Visual slideshow presented by Staff at MeetingWelcomeProposed formation of LMD 19-1
•Overview of LMDs•Development Driven•Landscaping and Lighting Act 1972•Pre-Proposition 218Background
Finance Structure•Assessment Revenue•General Fund Contribution•Expenditures•Fiscal Controls
Existing District (87-1)
•4.8 million sq. ft. of Landscaping•4,858 TreesLMD Area
Landscape Maintenance•Service Levels •Utility Costs•Financial Condition•Age of the Infrastructure•Rising Water and Power Costs•Prevailing Wage•Fixed Assessment Revenue
Analysis of Existing District•Relationship of properties and improvements•Why are we required to form a new District? •Why were properties added?•Proposed assessment + CPI
Proposed LMD 19-1
Proposed Annual Budget Proposed Assessment$840.00 per EBU+ CPIAssessment Revenue $737,467General Benefit Contribution $143,235Total Revenue $880,702Landscape Maintenance ($344,034)Water/Power/Irrigation Repairs($310,294)Tree Maintenance ($61,430)Administration Expenses ($164,290)Total Expenditures $880,048
Public Input•Open Houses•Letters / Fact Sheets / Website
Procedural Requirements•April 2•Adopt Resolution of Intent to Form District and Preliminary Approval of Proposed 19-1 Engineer’s Report.•April 5•Ballots mailed (45 days to vote)•May 15 •Public Hearing•Tabulate the Vote
Staff Resources•Kelly Salt – Special Counsel (Partner with BBK Law Firm) •Jim McGuire – Assessment Engineer(Willdan Financial Services)
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