AGENDA TITLE:
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Public Hearing to Consider Adopting a Resolution Approving Final Engineer's Annual Levy Report for Lodi Consolidated Landscape Maintenance Assessment District No. 2003-1, Fiscal Year 2024/25; and Ordering the Levy and Collection of Assessments (PW)
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MEETING DATE:
June 5, 2024
PREPARED BY:
Public Works Director
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RECOMMENDED ACTION:
Public Hearing to Consider Adopting a Resolution Approving Final Engineer's Annual Levy Report for Lodi Consolidated Landscape Maintenance Assessment District No. 2003-1, Fiscal Year 2024/25; and Ordering the Levy and Collection of Assessments.
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BACKGROUND INFORMATION:
Over the past 20 years, the City Council has formed a total of 16 zones of the Lodi Consolidated Landscape Maintenance Assessment District No. 2003-1 ("District"). The scope of maintenance activities funded by the District includes landscape and irrigation, masonry block walls, and street parkway trees. The activities and levy amounts vary by zone, as described in the City of Lodi, Consolidated Landscape Maintenance Assessment District No. 2003-1, Annual Report ("Report"), Fiscal Year 2024/25.
The Report includes diagrams of the District showing the area and properties proposed to be assessed; an assessment of the estimated costs of maintenance, operations and servicing of improvements; and the net levy upon all assessable lots and/or parcels within the District.
The cost of maintenance increased slightly compared to last year; however, it is still more than the amount being assessed to the district. Similar to last year, the account has a substantial reserve, generated over many years, which will be utilized to allow the individual zone, and the total District's assessment for Fiscal Year 2024/25, to remain unchanged from Fiscal Year 2023/24. Staff intends to utilize the reserve to offset annual increases until such time that the reserve is reduced to an appropriate level. At that time, the assessment will ...
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