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 improvement and maintenance services for Sundance Trail Zone of Benefit 98109 within County Service Area 9.
RECOMMENDED ACTION: Adopt Resolution 018-2007.
FUNDING: County Service Area 9.
Body
BUDGET SUMMARY:
Total Estimated Cost $ 500.00
Funding
Budgeted $ 500.00
New Funding $
Savings $
Other $
Total Funding Available $ 500.00
Change To Net County Cost $ 0.00
Fiscal Impact/Change to Net County Cost:
The estimated cost of the election is $500.00. All costs associated with the election will be funded from the Sundance Trail Zone of Benefit assessments or special tax.
A total of 42 parcels within the zone are currently each assessed $300.00 annually, generating $12,600.00 in revenue to fund road improvement and maintenance services within the zone. If the proposed measure is approved, the current benefit assessment will be replaced with a special tax, the amount of which will be implemented in phases: the special tax amount will be $350.00 per parcel for fiscal year 2007/2008, with bi-annual adjustments of $50.00 up to a maximum amount of $600.00 per parcel. The phased implementation of the higher special tax rate is proposed to allow residents and property owners to plan for the increase.
If approved, the special tax will result in annual revenue of $ 14,700.00 in 2007/2008, an increase of $2,100.00 over the current assessment. Based on the current number of parcels within the zone, at the maximum rate the special tax of $600.00 per parcel will result in annual revenue of $25,200.00, an increase of $12,600.00 over the current assessment.
Reason for Recommendation:
Your Board formed the Sundance Trail Zone of Benefit #98109 on August 28, 1984 by Resolution 276-84 for the purpose of providing road improve...
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