My WebLink
|
Help
|
About
|
Sign Out
Home
Reso 2013-102
CityHall
>
City Clerk
>
City Council
>
Resolutions
>
2013
>
Reso 2013-102
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/18/2014 8:53:45 AM
Creation date
8/8/2013 2:13:57 PM
Metadata
Fields
Template:
CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
7/15/2013
Retention
PERM
Document Relationships
3A Public Hearing 2013 0715
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2013\Packet 2013 0715
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
58
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Each of these programs and activities work together to create a more pleasing environment within the district that is <br />conducive to strengthening the current and future economic vitality of this area through the attraction and retention of <br />new business and increased commerce. The programs, improvements and services are designed to specifically benefit <br />identified properties within the CBD boundaries. The proposed CBD assessments will only be levied on identified <br />properties within the CBD boundaries and assessment revenues will be spent to deliver services that provide a direct <br />and special benefit to assessed parcels and to improve the economic vitality of these properties. <br />General vs Special Benefit Analysis <br />As stipulated by Proposition 218, assessment District programs and activities confer a combination of general and <br />special benefits to properties, but the only program benefits that can be assessed are those that provide special benefit <br />to District properties. For the purposes of this analysis, a "general benefit" is hereby defined as: "A benefit to <br />properties in the area and in the surrounding community or benefit to the public in general resulting from the <br />improvement, activity, or service to be provided by the assessment levied ". "Special benefit" as defined by the <br />California State Constitution means a distinct benefit over and above general benefits conferred on real property <br />located in the District or to the public at large. <br />CBD programs and activities, in accordance with Article 13D Section 4 of the California State Constitution confer a <br />combination of general and special benefits. Only program benefits which are attributed to special benefits conferred <br />on the identified parcels can be funded through assessments. A portion of the program costs are considered attributable <br />to general benefits and must be assigned a value. <br />It is the opinion of this Engineer that because all of the proposed programs and services are supplemental in nature and <br />are limited to identified parcels only within the proposed district boundaries, that a general benefit value will be set at <br />a relatively nominal rate of 3 % of the total adjusted costs. Total adjusted costs include actual proposed assessment <br />district program costs plus any additional supplemental or matching program costs as well as applied credits from <br />sources such as start up grants, cash and in -kind service contributions for district formation and owners association <br />Board/Committee member service credits. This leaves a value of 97% attributable to special benefit related costs. <br />Since the total program cost is estimated at $374,053 (see Year 1 Cost list in Step 5 later in this Report), the maximum <br />special benefit portion which can be funded through property assessments is $362,831. Remaining costs which are <br />attributed to general benefits will need to be funded from other sources. (e.g. public /private matching grants, startup <br />grants, in -kind service contributions for district formation, startup volunteer credits or ongoing board member volunteer <br />credits). In the opinion of this Engineer, there are other identified revenue sources /credits that are part of the benefit <br />analysis as delineated in Step 5 and 6 later in this Report. <br />7 <br />
The URL can be used to link to this page
Your browser does not support the video tag.