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    6. 8.    
Regular City Council Meeting
Meeting Date: 09/10/2019  

Agenda Item
Ordinance 2nd Reading - Finance: Consider Ordinance No. 2019-O0120, reviewing classifications for the methods of assessing special benefits for the services and improvements of property in the Bell Farms Public Improvement District (PID); approving, adopting, and filing with the City Secretary the assessment roll; levying 2019 assessments for the cost of certain services and improvements to be provided in the district during FY 2019-20; fixing charges and liens against the property in the district and against the owners thereof; and providing for the collection of the assessment.
Item Summary
The City Council is required to review the Service and Assessment Plan annually, hold a public hearing, and adopt an ordinance setting the assessment rate for the PID.  On August 27, 2019, the public hearing was held and the Ordinance approved on first reading. 

The attached ordinance reflects the proposed rate of $0.12 per $100 valuation.  This is the same rate as 2018.  All property will be assessed for 2019. 

The revised Service and Assessment Plan is included in the backup.  Exhibit C to the ordinance is available for viewing in the City Secretary’s Office.
Fiscal Impact
The funds raised by the assessment will be used to provide landscape maintenance on the entryways and parks, repair and replace amenities, enhance and maintain amenities at the entry stations, lighting, and any other maintenance needed on projects in the District, as well as cover a portion of the costs of administering the PID. The projected assessment that will be collected for 2019, based on estimated values, is $62,408.
Staff/Board Recommending
D. Blu Kostelich, Chief Financial Officer


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