1 6/10/2025
Presented By: Miguel Chavez, Senior AnalystNader Heydari, Public Works DirectorJune 10, 2025Landscape & LightingAssessment District No. 79-2Public Hearing & Annual Levy FYs 2025-2026 Landscape & LightingAssessment Process2Landscape and Lighting Assessment District No. 79-2 FY 2025-26 Deadline to Submit Documents and Data to CountyLandscape and Lighting Assessment District No. 79-2 FY 2025-26 Initiating AssessmentsLandscape and Lighting Assessment District No. 79-2 FY 2025-26 Public Hearing & Annual LevyJuly 7, 2025May 13, 2025June 10, 2025 1 2
2 6/10/2025
•Appx. 43% of all parcels within the City are in the Landscaping District•The majority of all parcels (Appx. 84%) within the City are in the Lighting DistrictLandscape & Lighting Zones3 •Landscaping maintenance, trimming, spraying, and fertilizing for over 27,000 City street-trees and 17.5 million square feet of landscaping;•Weed abatement;•Installation/maintenance of irrigation, drainage and lighting systems;•Installation of curbs, gutters, walls, sidewalks, paving, water, or electrical;•Clearing and removal of debris;•Graffiti removal;Landscape Assessments District Overview43 4 3
6/10/2025
•Operation/Maintenance of: •Nearly 8,000 streetlights;•40 lighted pedestrian crossings along public streets; •136 traffic signals; and •safety lightsLighting Assessments District Overview5•Payment of energy costs for street lighting improvements •Landscape – The annual adjustment for all zones is 3.33% (Inflationary adjustment)•Lighting - The annual adjustment is 3.33% (Inflationary adjustment)•No annexations in any of the Zones for FY 2025-26:District Information for FY 2025-2665 6 4
6/10/2025
Proposed Annual Assessment Rates(Typical Single Family Home)7Average Rate Maximum RateLandscapingFY24-25$361.97$586.48FY25-26$374.02$606.00Annual Increase$12.05$19.52LightingFY24-25$19.64$19.64FY25-26$20.30$20.30Annual Increase$0.66$0.66 Project FY2025-27*•CI5654- Kanan Road Landscape Improvements $4,400,000•CI5652- Westlake Boulevard Landscape Improvements $3,470,000•CI5691- Woodcrete Fence Replacement FY 2025-27 $ 500,000•CI5690- Hampshire Road Landscape Improvements ($2.8M in FY2027-28) $ 450,000•CI5768- Landscape Miscellaneous Improvements Citywide FY 2025-27 $ 400,000•CI5769- Janss Road Open Space Parcel Conversion $ 100,000•CI5661- Municipal Service Center Storm Water Quality Improvements $ 45,000•CI5585- Municipal Service Center Microgrid and Backup Power $ 10,000Combined Total: $9,375,000*FY2025-27 budget only, excludes carry-overLandscape District New Capital Projects for FY2025-277 8 5
6/10/2025
Project FY2025-27*•CI5819- Emergency Generators for Traffic Signals $250,000•CI5728- Traffic Signal Conduit Replacement FY 2025-27 $200,000•CI5730- Traffic Signal Modifications and Upgrades FY 2025-27 $200,000•CI5733- Traffic Signal Cabinet Replacements FY 2025-27 $120,000•CI5724- Hwy 23/Olsen Road NB Off Signal Modification $100,000•CI5729- Traffic Signal Fiber Optics and Wireless Communications Installation FY 2025-27 $ 80,000•CI5585- Municipal Service Center Microgrid and Backup Power $ 40,000•MI2657- Signal Equipment Upgrades/Maintenance 2025-27 $500,000•MI2658- Traffic Signal Painting and Restoration 2025-27 $400,000•MI2692- Retroreflective Backplate for Traffic Signals 2025-27 $300,000Combined Total: $2,19,000*FY2025-27 budget only, excludes carry-overLighting District New Capital Projects for FY2025-27 •Continuing increases in utility, equipment, materials and fuel costs, as well as rising service and labor rates trending higher than CIP, and allowable increases to assessment rates•Lighting District perpetual reliance on other property tax-based subsidies (e.g., ad valorem taxes)•Water-efficient landscape rehabilitation requires capital investment•Budget includes funds for future Capital Projects in most landscape zones•Funding for fire resiliency and back-up power for traffic signals and lightsFuture Challenges for LLAD109 10 6
6/10/2025
1. Confirm approval of Final Engineer’s Report for Landscape and Lighting Assessment District (LLAD) No. 79-2 FY 2025-26 Assessments.2. Adopt resolutions confirming the approval of the Engineer’s Report and Ordering Annual Levy of Assessments for FY 2025-263. Find that this action is not a project as defined under the California Environmental Quality Act.Recommendations Questions?12
11 12
Presented By: Jaime Boscarino, Finance Director
June 10, 2025
Proposed FY 2025-26 &
FY 2026-27
Operating & CIP Budget
Public Hearing
FYs 2025-2027 Budget Process
2 User Fees
Study
Session
Capital
Improvement
Program
(CIP)
Study Session
Operating
Budget
Study
Session
Operating &
CIP Budget
Public
Hearing &
Adoption
March 25, 2025 April 8, 2025 April 29, 2025 May 13, 2025 June 10, 2025 User
Fees
Public
Hearing
1 2
Budget Engagement
3 Social Media
Budget Engagement
4 Social Media
3 4
Budget Engagement
5 Operating Budget
6 • Structurally balanced budget
• Fiscally responsible
• Economic uncertainty
• Funding for City Council Priorities
• Strategic addition to IT staffing
• Funding for Navigation Center
• Sidewalk maintenance
• General Plan implementation
• CEAP implementation
5 6
Operating Budget Sections
7 • SECTIONS:
• Section I – Citywide Budget Summaries
• Section II – General Fund Summaries
• Section III – General Fund by Departments
• Section IV – Enterprise Funds
• Sections V – Special Revenue Funds
• Section VI – Capital Projects & Debt Service Funds
• Section VII– Internal Service Funds
• Section VIII–Position Summary
• Section IX – Policies & Procedures
• Section X – Resolutions
• Section XI – Glossary
https://thousandoaks.openbook.questica.com/
Proposed Budget FY 2025-26
& FY2026-27
Operating & CIP Budget
Citywide Highlights
8 7
8 9
Citywide Proposed Budget
Appropriations By Fund
FY 2025-26
$303,036,370
General Fund,
$122,233,313,
40.3%
Water Fund,
$51,624,086,
17.0%
Wastewater
Fund,
$39,264,598,
13.0%
Transportation Fund,
$19,567,955, 6.5%
Landscaping
Assessment
District Fund,
$12,037,951, 4.0%
Library Fund,
$10,356,661, 3.4%
Street Improvement
Funds, $8,953,415, 3.2%
Los Robles Golf Course
Fund, $8,476,249, 2.8%
Theatres Fund,
$6,226,802, 2.1%
Grants Fund,
$6,053,377, 2.0%
Capital Projects Funds,
$5,350,032, 1.8%
Lighting Assessment District Fund $3,875,545 1.3%
Solid Waste Fund $3,578,904 1.2%
Stormwater/Flood Control Assessment Funds $2,232,175 0.7% ECTA - East County Transit Alliance $1,162,000 0.4%
Public Financing Authority Fund $1,005,600 0.3%
Community Development Block Grant (CDBG) $650,000 0.2%
Housing Trust Fund $251,456 0.1%
Cable Television (PEG) Fund $98,000 0.0%
Law Enforcement Agency Seizure Fund $38,250 0.0%
10 General Fund,
$127,060,089, 41.7%
Water Fund,
$51,893,843,
17.0%
Wastewater
Fund,
$35,149,792,
11.5%
Transportation Fund,
$21,244,448, 7.0%
Landscaping
Assessment District
Fund, $12,156,178,
4.0%
Street Improvement Funds,
$11,461,960, 3.8%
Library Fund, $10,982,011,
3.6%
Los Robles Golf Course Fund,
$9,625,709, 3.2%
Theatres Fund, $6,437,325,
2.1%
Grants Fund, $3,680,370, 1.2%
Capital Projects Funds,
$2,747,894, 0.9%
Lighting Assessment District Fund $3,715,074 1.2%
Solid Waste Fund $3,091,691 1.0%
Stormwater/Flood Control Assessment Funds $2,043,939 0.7% ECTA - East County Transit Alliance $1,237,000 0.4%
Public Financing Authority Fund $1,003,800 0.3%
Community Development Block Grant (CDBG) $650,000 0.2%
Housing Trust Fund $258,098 0.1%
Cable Television (PEG) Fund $150,000 0.1%
Law Enforcement Agency Seizure Fund $38,250 0.0%
Citywide Proposed Budget
Appropriations By Fund
FY 2026-27
$304,627,471
9 10
Proposed Budget 11
Proposed FY 2025-26 &
FY2026-27
Operating Budget
General Fund Highlights
General Fund Proposed Revenues 12
FY 2025-26
$113,828,310
Sales Tax,
$36,692,705
32.2%
Property Tax,
$19,355,786
17.0%
Property Tax In Lieu
(VLF), $16,747,959
14.7%
Charges for Current
Services, $9,069,429
8.0% Franchise Fees,
$7,867,000
6.9%
Licenses & Permits,
$5,498,700
4.8%
Transient
Occupancy Tax,
$5,185,000
4.6%Use of Money,
$5,123,810
4.5%
Other,
$3,526,931
3.1%
Business Tax
$2,400,000
2.1%
Transfers,
$1,457,615
1.3%Revenue from Other
Agencies
$903,375
0.8%
11 12
General Fund Proposed Revenues 13
FY 2026-27
$116,091,317
Sales Tax,
$37,880,466
32.2%
Property Tax,
$19,993,688
17.2%
Property Tax In Lieu
(VLF), $17,310,690
14.9%
Charges for Current
Services, $9,381,987
8.1% Franchise Fees,
$8,103,500
7.0%
Licenses & Permits,
$5,648,700
4.9%
Transient
Occupancy Tax,
$5,340,000
4.6%Use of Money,
$4,463,625
3.8%
Other,
$2,546,401
2.2%
Business Tax
$2,520,000
2.2%
Revenue from Other
Agencies
$1,453,100
1.3%Transfers,
$1,449,160
1.2%
14 13
14 15
General Fund
Proposed Appropriations
16 FY 2025-26
$122,233,313
Salaries &
Benefits,
47,096,516
38.5%
Police
Services,
36,850,006
30.1%
Maintenance &
Operations, 22,762,463
18.6%
Capital Outlay
1,418,233
1.2%
Capital
Improvements
$4,282,000
3.5%
Maintenance
Improvements,
$5,298,600
4.3%
Transfers to
Other Funds,
$4,525,495
3.7%
15 16
General Fund
Proposed Appropriations
17 FY 2026-27
$127,060,089
Salaries &
Benefits,
$50,474,918
39.7%
Police
Services,
$38,708,506
30.5%
Maintenance &
Operations, $23,214,100
18.3%
Capital Outlay
$600,326
0.5% Capital
Improvements
$11,241,000
8.8%
Maintenance
Improvements,
$605,500
0.5%Transfers to
Other Funds,
$2,215,739
1.7%
18 Proposed FY 2025-26
& FY2026-27
Capital Improvement
Program (CIP)
Highlights
17 18
CIP Budget Sections
19 SECTIONS:
• Section I – CIP & Deferred Requirements Summaries
• Section II – Capital Improvement Projects by Category • Section III – Capital Improvement Projects by Fund
• Section IV – Capital Improvement Resolutions
• Section V – Policies & Procedures
• Section VI – Glossary
Location Map of CIP Projects
20 19
20 Proposed CIP Budget
By Category
21 Water
$33,815,000
21.7%
Transportation/
Traffic
$26,821,794
17.2%
Wastewater
$23,032,000
14.8%
Facility
$22,333,775
14.3%Streets
$21,932,186
14.1%
Stormwater
$12,814,752
8.2%
Landscape/
Streetscape
$10,020,000
6.4%
Undergrounding
$3,200,000
2.1%
Open Space
$1,793,916
1.1%
Library
$300,000
0.1%
FYs 2025-27
$156,063,423
Proposed FYs 2025-2027 CIP Budget
22 NO. Category
FY 2025-26 FY 2026-27 Total Carryover
1 Water $17.1 $16.7 $33.8 $6.8
2 Transportation/Traffic 14.7 12.1 26.8 13.5
3 Wastewater 12.5 10.5 23.0 19.7
4 Facility 8.4 14.0 22.4 5.5
5 Street 10.3 11.7 22.0 1.8
6 Stormwater 7.4 5.4 12.8 2.4
7 Landscape/Streetscape 5.2 4.8 10.0 2.2
8 Undergrounding 3.0 0.2 3.2 0.0
9 Open Space 1.7 0.1 1.8 0.0
10 Library 0.1 0.2 0.3 0.0
11 Housing 0.0 0.0 0.0 4.6
TOTAL $80.4 $75.7 $156.1 $56.5
21 22
Budget Changes Since Study Session
General Fund
23 REVENUE CHANGES EXPENDITURE CHANGES
FY 2025-26 $0.4 million increase $4.9 million decrease
FY 2026-27 $0.4 million increase $1.8 million decrease
• Revenue:
FY 2025-26 $0.4 million increase to Sales Tax
FY 2026-27 $0.4 million increase to Sales Tax
• Expenditures:
FY 2025-26 $5.1 million decrease in CIP Budget, $0.2 million increase in M&O FY 2026-27 $1.8 million decrease in CIP Budget
Budget Changes Since Study Session
Special Revenue Funds
24 REVENUE CHANGES EXPENDITURE CHANGES
FY 2025-26 $0.2 million increase $0.8 million decrease
FY 2026-27 $0.2 million increase $0.3 million decrease
• Revenue:
FY 2025-26 $0.2 million increase in Street Improvement Fund FY 2026-27 $0.2 million increase in Street Improvement Fund • Expenditures:
FY 2025-26 $0.1 million decrease in Lighting Fund CIP Budget, $0.7 million decrease in Street Improvement Fund CIP Budget FY 2026-27 $0.3 million decrease in Street Improvement Fund CIP Budget 23 24
Budget Changes Since Study Session
Enterprise Funds
25 REVENUE CHANGES EXPENDITURE CHANGES
FY 2025-26 No changes $2.8 million increase
FY 2026-27 No changes $1.7 million increase
• Expenditures:
FY 2025-26 $2.8 million increase in Transportation Fund CIP Budget $45,000 increase in Solid Waste Fund Operating Budget
FY 2026-27 $2.8 million increase in Transportation Fund CIP Budget $1.1 million decrease Wastewater CIP
$45,000 increase in Solid Waste Fund Operating Budget
CIP Budget Changes Since Study Session 26
General Fund
Downtown Thousand Oaks Project (CI5540)
FY 2025-26 $4,500,000 decrease
FY 2026-27 $2,000,000 decrease
Hodencamp Road - Utility Undergrounding (MI2667)
FY 2025-26 $1,000,000 decrease
Citywide Concrete Replacement and Sidewalk Repair FY 2025-27 (MI2659) FY 2025-26 $360,000 increase
Lynn Road – Pavement Improvements (CI5821, new)
FY 2025-26 $75,000 increase
FY 2026-27 $175,000 increase
MSC Fleet Emergency Generator & Battery Energy Storage (CI5760) FY 2025-26 $25,000 increase
FY 2026-27 $25,000 decrease
25 26
CIP Budget Changes Since Study Session
27 Special Revenue Funds
Citywide Concrete Replacement and Sidewalk Repair FY 2025-27 (MI2659) FY 2025-26 $540,000 decrease
FY 2026-27 $60,000 decrease
Asphalt Berm and Curb Improvements FY 2025-27 (MI2660, removed) FY 2025-26 $150,000 decrease
FY 2026-27 $150,000 decrease
Traffic Signal at Avenida De Los Arboles and Avenida De Las Plantas (CI5597) FY 2025-26 $75,000 increase
FY 2026-27 $76,000 decrease
Emergency Generators for Traffic Signals (CI5819)
FY 2025-26 $75,000 decrease
FY 2026-27 $75,000 decrease
Pavement Overlay FY 2025-27 (CI5735)
FY 2025-26 $63,000 decrease
Pavement Slurry Program FY 2025-27 (MI2661)
FY 2025-26 $44,000 decrease
CIP Budget Changes Since Study Session
28 Enterprise Funds
Unit E Interceptor at Ventu Park Road (MI2515, removed) FY 2026-27 $1,325,000 decrease
Purchase of Transit Vehicles (CI5722)
FY 2025-26 $2,625,000 increase
FY 2026-27 $2,625,000 increase
Purchase of Transit Equipment (CI5820, new)
FY 2025-26 $150,000 increase
FY 2026-27 $150,000 increase
Conejo Creek Streambed Stabilization and Habitat Restoration (CI5822, new) FY 2026-27 $200,000 increase
27 28
Financial & Budget Policies
29 • Central to a strategic, long-term approach to financial management • GFOA Best Practice
• Policies included as part of Budget Adoption:
-B u d g e t
- Budget Appropriation/Transfers
- Capital Improvement Program
- Capital Asset Capitalization
- User Fees
- Government Fund Balance
- Accounting
-A u d i t
- Fixed Asset Replacement
- Investment
- Debt Policies
Recap of Budget Highlights
30 • Structurally balanced budget
• Fiscally responsible
• Economic uncertainty
• Funding for City Council Priorities
• Strategic addition to IT staffing
• Funding for Navigation Center
• Sidewalk maintenance
• General Plan implementation
• CEAP implementation
29 30
Thank
You Finance
Budget
Team!!
31 1. Adopt resolution approving proposed Operating and Capital Improvement Program (CIP) Budgets for FY 2025-26 and FY 2026-
27. 2. Adopt the necessary, updated Financial and Budget Policies, including Governmental Fund balances and designations, as required.
3. Authorize City Manager to carry over funds from FY 2024-25 to FY 2025-26 and from FY 2025-26 to FY 2026-27 for projects listed as requiring carryover included in the CIP Budget, Grants, and Maintenance and Operations budgets.
4. Find that this action is not a project as defined under the California Environmental Quality Act.
Recommendations
31 32
Questions?
33 1
6/10/2025
June 10, 2025 City Council Meeting
Prepared by: Chief Assistant City Attorney Patrick J. Hehir Request for an Amendment to the
Purchase and Sale Agreement for the
Lakes Residential Project at 2200 East
Thousand Oaks Boulevard
BACKGROUND
On November 30, 2021, City Council approved a mixed-use project on the south/west side of the Lakes property located at 2200 Thousand Oaks Blvd • Up to 165 apartment units
• T.O Lakes to purchase the property from City based on terms in the controlling lease agreement for $2 Million Dollars
• Community Benefit Payment to City of approximately $13 Million, to be paid over a 35-year period after the construction of the apartment complex is completed
2 1
2 Item. No. 12A
2 6/10/2025
BACKGROUNDAs part of the project, City Council approved three materialagreements:•Development Agreement between City and T.O. Lakes, LLC•Amended and Restated Maintenance, Use, and ReciprocalEasement Agreement•Purchase and Sale Agreement (PSA) 3 BACKGROUND•The PSA contains various contractual obligations including a deadline for T.O Lakes toexercise the Purchase Option, and a Closing Date by which T.O Lakes must deposit the$2,000,000 purchase price into an escrow account•T.O. Lakes, has timely exercised the Purchase Option, but has yet to Close Escrow topurchase the property•Section 6.3 of the PSA had an initial Closing deadline of December 9, 2024. The partiesentered into a First Amendment to the PSA on July 24, 2024, that extended the Closing Date toJune 30, 2025•The PSA prohibits Closing Escrow until pre-build permits are ready to issue and buildingpermits applications have been submitted by T.O. Lakes 43 4
3 6/10/2025
REQUEST TO EXTEND CLOSING DATET.O. Lakes requests City Council approve a 2nd Amendment to the PSA•The amendment would extend the Closing Date at least one additional year, with an option to extend theClosing Date a second year•In consideration for the two, one-year extensions, T.O. Lakes will pay City $100,000 for each year theClosing Date is extended. The extension payments will be non-refundable and will not be applied to thepurchase price for the property, nor towards the future Community Benefit Payments outlined in theDevelopment Agreement•If the request is approved, Staff is recommending that the $100,000 be directed to fund the operatingexpenditure funding gap for the Navigation Center•If City Council approves the 2nd Amendment to the PSA, Staff may bring an item to City Council in thefuture to extend the term of the Development Agreement in order to ensure adequate time for the parties tocomply with the terms and conditions of the Development Agreement 5 RECOMMENDATIONOption 1:a)Approve the Second Amendment to the Purchase and Sale Agreement and Joint Escrow Instructionsdated December 9, 2022, between City and T.O. Lakes extending the purchase date one year withanother one-year option in consideration of $100,000 to City by T.O. Lakes for each year of thepossible two-year extensionb)Direct monetary contribution by T.O Lakes to be used to fund the Navigation Center’s annualoperating expenditure gap for FY 2024-25 and FY 2025-26 if the one-year option is executedc)Approve budget appropriation and expenditure in FY 2024-25 and FY 2025-26 in the amount of$100,000 annually from A/C #001-0960-486-9900 (General Fund - Navigation Center MiscellaneousRevenue) to A/C #001-0960-644-5699 (General Fund – Navigation Center Contracted Services)d)Find that this action is exempt from the California Environmental Quality Act (CEQA) pursuant toCEQA Guidelines Section 15061(b)(3) 65 6
4 6/10/2025
RECOMMENDATIONOption 2:a)Deny request by Applicant to amend the Purchase and Sale Agreement and Joint EscrowInstructions, extending the purchase date one year with another one-year optionb)Find that this action is exempt from CEQA pursuant to CEQA Guidelines Section 15061(b)(3)7 QUESTIONS? 87
8