Regular 4.
Regular City Council Meeting
- Meeting Date:
- 09/22/2014
- TITLE
- Public Hearing and Resolution for Park District 1 Assessment
- PRESENTED BY:
- Patrick M. Weber
- Department:
- City Hall Administration
Presentation:
PROBLEM/ISSUE STATEMENT
This resolution establishes the Park District 1 assessment of 1.207% of taxable value, resulting in $1,895,000 in revenue. There is a per property assessment list in the City Clerk's office. Exhibit A shows the FY 15 projects and expenses that are supported by the assessments. This item was on the August 25, 2014, council agenda. A public hearing was opened and closed. Council deferred action until September 22, 2014, so the Parks Board could reassess the proposed 2015 expenditures and come back with an amount closer to $1.8 million.
ALTERNATIVES ANALYZED
The Council must hold a public hearing and then may:
- Approve the resolution; or
- Amend and approve the resolution; or
- Not approve the resolution.
FINANCIAL IMPACT
Applied to a home with a $200,000 market value, the 1.207 % of taxable value would result in an assessment of approximately $36.
RECOMMENDATION
Staff recommends that the City Council hold the public hearing and approve the resolution setting the assessment for Park District 1 for tax year 2014.