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SARATOGA CITY COUNCIL
MEETING DATE: February 3, 2010 AGENDA ITEM:
DEPARTMENT: Community Development CITY MANAGER: Dave Anderson
PREPARED BY: John F. Livingstone, AICP DIRECTOR: John F. Livingstone, AICP
SUBJECT: Unclaimed Deposits
RECOMMENDED ACTION:
Direct Staff Accordingly.
REPORT SUMMARY:
The City of Saratoga has a total of $137,284 in unclaimed development deposits. These deposits
are for planning and geotechnical review applications conducted from January 1996 to January
2007. Under State law, the City is authorized to transfer unclaimed funds to the general fund
following publication in a newspaper notice of its intent to do so. Staff is recommending that the
City supplement the legally required newspaper notice with individual notices to be sent to each
person advising them of a 60 day time period for funds to be claimed. The law requires a
minimum of 45 days and a maximum of 60 days. After this time the City will transfer any
unclaimed funds to the general fund.
FISCAL IMPACTS:
No budget adjustments will be required.
CONSEQUENCES OF NOT FOLLOWING RECOMMENDED ACTION:
N/A
ALTERNATIVE ACTIONS:
The Council could recommend increased time periods or alternative advertising techniques.
FOLLOW UP ACTION:
The City Clerk will publish a notice in a local newspaper once a week for two successive weeks
advertising the unclaimed funds.
ADVERTISING, NOTICING AND PUBLIC CONTACT:
Notice of this meeting was properly posted.
Each past applicant will be mailed a letter indicating the location of the project and amount of
unclaimed funds with an enclosed claim form that can be sent back to the City to receive the
funds. The letter will advise the applicant that they have 60 days to respond. The mailing will
coincide with the newspaper notice.