Consent Item 4lg
STAFF REPORT
City Council Consent Item
DATE: August 7, 2023
TO: Honorable Mayor and Council Members
FROM: Aaron Felmlee, Finance Director
THROUGH: Merritt Perry, City Manager
SUBJECT: Annual Property Tax Assessment for Rancho Buena Vista Maintenance District
STAFF RECOMMENDATION:
Approve the 2023-24 Property Tax Assessment for the Rancho Buena Vista Maintenance District.
EXECUTIVE SUMMARY:
The Rancho Buena Vista Maintenance District was formed by Council Resolution 92-09 in February of 1992 to support the annual operations and maintenance of the Sewer Lift Station, Sewer Pressure Line and the Retention Basin. There are 28 lots in this maintenance district. All 28 lot owners will be assessed the levy.
Staff has estimated that the assessment for the 2023-24 fiscal year should be $221.89 per parcel, which represents a decrease of $1.18 from last year’s assessment.
Staff has included a copy of the rate calculation for your review.
RECOMMENDED COUNCIL ACTION:
Consent Calendar Motion to Approve the 2023-24 Property Tax Assessment for the Rancho Buena Vista Maintenance District.
ATTACHMENTS:
Assessment Rate Calculation