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4/12/2011 <br /> Implications & Challenges p <br /> for Changing Policy <br /> ® Legal Implications <br /> • Current policy complies with SLMC " '$ <br /> o Option 3 would require amending the Code <br /> • City payment would arguably violate Prop. <br /> 218's proportionality requirement, and <br /> immediate availability of funds requirement .: <br /> • Could be found a "gift of public funds" <br /> .�i. R � - ,c::tic•:+:.u:: e ::Zr•- iz2b'3:. - 5': 3? 4• �I: r tu' kb ''� ":w'= n2?tw S: " "n.•� . "K ...::; .:' R:1;':;' <br /> • ��.,. �..:,' �7. t "Ft•`'��'�.�.�S.Fh:...ti`� -'a.,' Sidi' �:; :i G, o: ��;." a' a: :,°'}';`q'ao'4c;.chTghr.�3•��.; ;�Gf n,.`':,;>: ^•,`t`•:. .... <br /> Implications & Challenges <br /> for Changing Policy {:;v <br /> ® Financially Sustainable �•v.:�;.. <br /> • Over 500 potential properties affected citywide :^ <br /> • At a cost per property at $4,000 - $8,000, rate ? }< <br /> payers total responsibility over the next ten years: <br /> could be $2 -$4 million dollars <br /> i11 1 ` <br /> • No allowance provided in current enterprise fund <br /> • Most likely will require a rate increase <br /> • Any increase would require a "Yes" vote by r. . v .; =;; <br /> �} �:�.bk <br /> payers „:, }, -. ray v • <br /> • Change in policy prior to :gu.� € s�€ i: <br /> �r:�fi:O 1 R '.{ rC <br /> cfi iNteF . �t �4 ggi cy'.•{ 4igi Se.-•n ::t'x':k <r •1.2:t <br /> k: Ia:.,.- f. rr...., �Y�i•.. ��^ Y�L' H[• Sc�' �- ���L1L?' Y��!iM17 'L•^�72:'�•j`_RVT_t•'.lat�"!t� _� c.L•:t:2�F�&✓S:h:� : - <br /> 9 <br />