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RiversideCA.gov
PUBLIC HEARING AND RESOLUTIONS LEVYING FISCAL YEAR 2024-2025 ASSESSMENTS FOR LANDSCAPE MAINTENANCE DISTRICTS & STREET LIGHTING ASSESSMENT DISTRICTCity CouncilJune 18th, 2024Finance Department RiversideCA.gov2
1. The Landscaping and Lighting Act of 1972 requires that Council order, prepare and approve an Engineer’s Report for each existing Maintenance District that it proposes to levy assessments.2. February 27th, 2024 –Resolution of Intention/Request Engineer’s Report 3. May 21st, 2024 –Approve Engineer’s Report/Set Public Hearing4. June 18th, 2024 –Noticed Public Hearings are the third and final step in the process.BACKGROUND1 2 6/6/2024
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The existing maintenance districts for which annual assessments are proposed are:1. Street Lighting Assessment District No. 1 (Citywide)2. Sycamore Highlands Landscape Maintenance District (Ward 2)3. Riverwalk Landscape Maintenance District (Ward 7)CITY MAINTENANCE DISTRICTS RiversideCA.gov4
1. Street Light Assessment District –maximum capped by Measure EE in 1997 –no adjustments2. Landscape Maintenance District Assessments adjusted based on Consumer Price Index for Riverside-San Bernardino-OntarioComparison of Assessments per Residential UnitASSESSMENT AMOUNTSSycamore LMDRiverwalk LMDStreet Light AD$112.47$432.09$31.44Maximum Tax$110.35$331.56$31.442023-24 Assessed$112.47$348.12$31.442024-25 Proposed$2.12$16.56$0Increase 3 4
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Due to the fixed Maximum Tax for Street Light AD and reasonable/maximum allowances of CPI increases for Riverwalk and Sycamore LMDs, all three Assessment Districts will require a General Fund Subsidy for Fiscal Year 2024-2025GENERAL FUND SUBSIDYSycamore LMDRiverwalk LMDStreet Light AD$115,877$484,652$3,574,7982023-2024 Assessed$109,209$508,864$3,595,9032024-2025 Proposed$118,095$601,010$5,581,985Projected Expenses($8,885)($92,146)*($1,986,082)General Fund Subsidy*General Fund Subsidy includes $50k of Capital Replacement Collection reserve funds RiversideCA.gov6
Strategic Priority 5 –High Performing Government Goal 5.3 –Enhance Communication and collaboration with community members, to improve transparency, build public trust, and encourage shared decision-making.Cross-Cutting Threads STRATEGIC PLAN ALIGNMENT5
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That the City Council:1. Conduct three public hearings to receive comments relative to the Fiscal Year 2024-2025 assessments for each District; and2. Adopt three resolutions authorizing the City of Riverside to confirm the diagrams and assessments contained in the Engineer’s Reports and establish the Fiscal Year 2024-2025 assessments for each District.RECOMMENDATIONS7