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AGENDA ITEM REVIEW FORM |
5.C.
Regular City Council Meeting
- Meeting Date:
- 10/28/2020
- Department Head:
- Carlos Cortes
- Submitted By:
- Carlos Cortes, Assistant Director of Finance, Finance Department
Action Requested:
Motion
Resolution
Resolution
ITEM:
Discussion and possible action on any and all matters regarding Resolution No. 2144. A resolution of the Mayor and City Council of the City of San Luis, Arizona amending the assessment for fiscal year 2020/2021 for the Rio Sereno enhanced municipal services district.to reduce the tax imposed from $60,944.00 to $12,276.00. (Carlos Cortes, Assistant Director of Finance)
SUMMARY:
The assessment for Rio Sereno District was approved by the Mayor and City Council at their Regular Council Meeting held June 10th, 2020. The amount approved for Rio Sereno Improvement District for maintenance was $60,944.00 based on estimated water consumption usage and maintaining the green areas. However, this correction is being done due to readings of the water meters being identified as a malfunction. Upon identification of this issue, staff immediately took action by reprogramming the water meter to obtain correct readings; see attachments. This tax amendment is to reduce from $60,944.00 to $12,276.00 the Rio Sereno tax authority 3100801. This is a credit in the amount of $48,667.97. Yuma County requires City Council's approval for this reduction in order to credit the assessment district. Resolution No. 2144 provides the calculations for Yuma County to make the proper adjustment on tax rolls.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE RESOLUTION NO. 2144 AS PRESENTED.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- NO
- CITY/STATE/FEDERAL FUNDS:
- N/A
- TOTAL:
- N/A
- BUDGETED AMOUNT:
- N/A
- AVAILABLE AMOUNT TO TRANSFER:
- N/A
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- N/A
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
N/A