Regular 5.A.
Regular City Council Meeting
- Meeting Date:
- 09/12/2016
- 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 17 Park District 1 assessment of 1.146% of taxable value, resulting in $2,040,000 in revenue. The FY 16 assessment was 1.125% 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 1.146% of taxable value would result in an assessment of approximately $31.00.
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 2017.