Item 299/2024
Final
City of Garden Grove
INTER-DEPARTMENT MEMORANDUM
To:
Lisa L. Kim From: William E. Murray
Dept:
City Manager Dept: Public Works
Date: 7/9/2024
Subject: Adoption of a Resolution to Confirm the Annual Levy of Fiscal Year 2024-25 Assessment for the Downtown Assessment District. (Action Item)
OBJECTIVE
For the City Council to hold a public hearing and to adopt the Resolution to confirm Fiscal Year 2024-25 assessment for the Downtown Assessment District.
BACKGROUND
On June 25, 2024, City Council adopted resolution nos. 9873 -24, 9874-24, and 9875 -24 which in general, described the proposed improvements, directed the City Engineer to prepare and file an Engineer’s Report, and stated the intention to levy and collect assessments for FY 2024-25, setting the public hearing date for July 9, 2024.
DISCUSSION
These proceedings and the notification regarding the levying of an annual assessment have been followed in accor dance to the Landscaping and Lighting Act of 1972. The remaining action for City Council is to hold the public hearing and, after conducting the hearing, adopt the proposed resolution to levy FY 2024 -25 assessments for the Downtown Assessment District.
FINANCIAL IMPACT
There is no impact to the General Fund. The FY2024-25 assessment revenue is $27,200.
Estimated expenses for FY2024 -25 are $47,582. The operating deficit of $20,382 will be covered by the existing fund balance of $60,800.
RECOMMENDATION
It is recommended that the City Council:
Conduct a public hearing for the proposed annual levy of assessments; Item 299/2024
Receive the report of the City Clerk regarding protests received; and
Assuming there is no majority protest, adopt the Resolution confirming the proceedings and levying assessments against the individual parcels in the Downtown Assessment District.
By: Alexa Viramontes, Sr. Administrative Analyst
ATTACHMENT
Public Hearing Resolution