Item 3.1 Visual slideshow presented by Staff at MeetingWelcome
Proposed formation of LMD 19-1
•Overview of LMDs
•Development Driven
•Landscaping and
Lighting Act 1972
•Pre-Proposition 218
Background
Finance Structure
•Assessment Revenue
•General Fund Contribution
•Expenditures
•Fiscal Controls
Existing District (87-1)
•4.8 million sq. ft. of Landscaping
•4,858 Trees
LMD 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/removed?
•Proposed assessment + CPI
Proposed LMD 19-1
Public Input
•Open Houses
•Met with Property Owners
•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 21
•Public Hearing
•Tabulate the Vote
Staff Resources
•Kelly Salt –Special Counsel
(Partner with BBK Law Firm)
•Beatrice Medina –Assessment Engineer
(Willdan Financial Services)
END
Proposed Annual Budget
Proposed Assessment $840.00 per EBU+
CPI
Assessment Revenue $737,467
General Benefit Contribution $143,235
Total Revenue $880,702
Landscape Maintenance ($344,034)
Water/Power/Irrigation
Repairs
($310,294)
Tree Maintenance ($61,430)
Administration Expenses ($164,290)
Total Expenditures $880,048