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HomeMy WebLinkAbout101-Report.pdfSARATOGA CITY COUNCIL MEETING DATE: August 1, 2007 AGENDA ITEM: ORIGINATING DEPT: Public Works CITY MANAGER: Dave Anderson PREPARED BY: Iveta Harvancik DEPT HEAD: John Cherbone Associate Engineer Public Works Director SUBJECT: Landscaping & Lighting Assessment District LLA-1 Annexation 2007-1, Zone No. 33 - Approval of Budget Adjustment Resolution for FY 07-08 ______________________________________________________________________________ RECOMMENDED ACTION(S): Move to adopt the budget adjustment resolution increasing both revenues and expenditures for Landscaping and Lighting Assessment District LLA-1 for the amount of $3,200. REPORT SUMMARY: On July 18, 2007 the Council approved Resolution No. 07-051 Ordering the Improvements and Confirming the Diagram and Assessment for Fiscal Year 2007-2008 Landscape and Lighting District LLA-1 Annexation No. 2007-1, Zone No. 33 (Carnelian Glen). Expected expenditures and the special assessment revenue associated with the annexation are $3,200. Expenditures will provide for irrigation, landscape maintenance and administrative costs. It is necessary to adjust the budget for fiscal year 2007-2008 as described in the attached Resolution. Revenue and expenditure adjustments are for the identical amount with no fiscal impact to the City. It is therefore recommended that the Council approve the attached Resolution. FISCAL IMPACTS: All of the costs associated with the administration and operation of the Landscape & Lighting Assessment District are recovered via the assessments levied against the benefiting properties. CONSEQUENCES OF NOT FOLLOWING RECOMMENDED ACTION(S): The Resolution would not be adopted and the budget would not be adjusted. If this occurs, the Council will need to direct staff accordingly. ALTERNATIVE ACTION(S): None in addition to the above. FOLLOW UP ACTION(S): The assessment roll will be finalized and transmitted to the County Auditor by August 10 for placement on the upcoming tax roll. ADVERTISING, NOTICING AND PUBLIC CONTACT: Nothing additional. ATTACHMENTS: 1. Budget Adjustment Resolution.