Regular 5.B.
Regular City Council Meeting
- Meeting Date:
- 09/10/2018
- TITLE
- Public Hearing and Resolution for Park District 1 Assessment
- PRESENTED BY:
- Andy Zoeller
- Department:
- City Hall Administration
Presentation:
No
PROBLEM/ISSUE STATEMENT
This resolution establishes the FY 19 Park District 1 assessment of 1.0015% of taxable value, resulting in $2,000,000 in revenue. The FY 18 assessment was 1.099% 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 1.0015 % of taxable value would result in an assessment of approximately $27.00.
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 2019.