Title
Transportation Department recommending Resolution calling for a mailed ballot election to be set for May 8, 2007 for the establishment of a special tax to provide road maintenance and improvement services for the Maverick Road Zone of Benefit 98188 within County Service Area 9.
RECOMMENDED ACTION: Adopt Resolution 020-2007.
FUNDING: County Service Area 9.
Body
BUDGET SUMMARY:
Total Estimated Cost $ 450.00
Funding
Budgeted $ 450.00
New Funding $
Savings $
Other $
Total Funding Available $ 450.00
Change To Net County Cost $ 0.00
Fiscal Impact/Change to Net County Cost:
The estimated cost of the election is $450.00. All costs associated with the election will be funded from the Maverick Road Zone of Benefit assessments or special tax.
There are currently 24 parcels in the Maverick Road Zone of Benefit. A total of 22 parcels are assessed $250.00 annually, with one parcel charged $62.50 annually, and another parcel that is not assessed, which generates annual revenue of $5,562.50 to fund road maintenance and improvement services within the zone. If approved, the special tax will replace the current benefit assessments, allow for an annual inflator, and will continue to fund road maintenance and improvement services within the zone. The amount of the special tax will be $450.00 levied on each parcel, providing $10,800.00 in revenue, an increase of $ 5,237.50 over the amount currently received. Application of the inflation index will allow for annual increase of the special tax to keep pace with increases in construction costs.
There is no net county cost associated with the election.
Reason for Recommendation:
Your Board formed the Maverick Road Zone of Benefit #98188 on June 6, 1995 by Resolution 146-95 for the purpose of providing road maintenance and improvement services. Since formation, the zone operations have been funded through annual benefit assessments upon each...
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