Regular 2.
Regular City Council Meeting
- Meeting Date:
- 09/09/2019
- TITLE
- Resolution to Amend Boundaries of SILMD 8, SILMD 9 and SILMD 10
- PRESENTED BY:
- David Mumford
- Department:
- Public Works
Presentation:
Yes
PROBLEM/ISSUE STATEMENT
When SILMD 323 was created in 2018, portions of properties contained in the district were also included in SILMD 8, 9 and 10 and must now be removed from those districts. Because the change in the SILMD assessment is less than 3%, a modification to the boundaries can be made by City Council via amendment resolution without a public hearing or re-creation of the SILMD.
ALTERNATIVES ANALYZED
City Council may:
- Approve the resolution to amend the boundaries of SILMDs 8, 9 and 10, or;
- Disapprove the resolution to amend the boundaries. If the boundaries are not amended, several lots will be charged for light districts with no benefit.
FINANCIAL IMPACT
There is a less than 3% financial impact to the existing properties within SILMDs 8, 9 and 10. There is no financial impact to the City.
RECOMMENDATION
Staff recommends that City Council approve the resolution to amend the boundaries of SILMDs 8, 9 and 10.