Regular 4.A.
Regular City Council Meeting
- Meeting Date:
- 09/14/2015
- 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 FY 16 Park District 1 assessment of 1.125% of taxable value, resulting in $2,000,000 in revenue. The FY 15 assessment was 1.207% of taxable value. There is a per property assessment list in the City Clerk's office.
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 1.125 % of taxable value would result in an assessment of approximately $35.
RECOMMENDATION
Staff recommends that the City Council hold the public hearing and approve the resolution setting the assessment for Park District 1 for Fiscal Year 2016.