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06-16-2020 - AGENDA ITEM 06 CONSIDER SETTING OF FISCAL YEAR 2020-21 ASSESSMENT RATE FOR WEST COVINA LANDSCAPE MAINTENANCE DISTRICT NO. 2AGENDA ITEM NO.6 xft AGENDA STAFF REPORT City of West Covina I Office of the City Manager DATE: June 16, 2020 TO: Mayor and City Council FROM: David Carmany City Manager SUBJECT: CONSIDER SETTING OF FISCAL YEAR 2020-21 ASSESSMENT RATE FOR WEST COVINA LANDSCAPE MAINTENANCE DISTRICT NO. 2 RECOMMENDATION: It is recommended that the City Council adopt the following resolution, which provides for the assessment rate to be maintained at the current rate. RESOLUTION NO.2020-60 — A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA SETTING THE ASSESSMENT RATE FOR WEST COVINA LANDSCAPE MAINTENANCE DISTRICT NO.2 FOR THE FISCAL YEAR BEGINNING JULY 19 2020 BACKGROUND: In 1970, a planned community development known as Woodside Village began with "clustered" housing units on smaller lots and numerous open space areas. This combination of small lots and open space areas were developed to provide more cost-effective housing and create a park -like setting. In order to pay for maintenance of the open space areas, Landscape Maintenance District No. 2 ("LMD2") was formed as an ad valorem assessment district pursuant to the Municipal Improvement Act of 1911. LMD2 is generally located north of Amar Road, between Lark Ellen Avenue and Azusa Avenue and consists of 787 properties (Attachment No. 1). The assessments within an ad valorem (Latin word for "according to value") district are based on property value rather than benefit as in other districts, which were formed pursuant to the Landscaping and Lighting Act of 1972. In 1972, Proposition 92 capped the assessments rates for ad valorem districts at their 1972 rate, which for LMD2 was 18.75 cents per 100 dollars of assessed value. DISCUSSION: For Fiscal Year ("FY") 2020-21, the assessment rate is proposed to be maintained at the current rate of 6.60 cents per 100 dollars of assessed value. At this rate, the annual assessment for a home and property valued at $400,000 would be $264.00 per year. The total projected revenue is $148,470 plus $737 in interest, which will continue to fund the current maintenance activities. Attachment No. 2 shows the history of assessment rates in this district for the last 15-years. There have been no increases in assessment rates over the last four years. LMD2 contains lighted paseos landscaped hillside slopes vegetated with plants, shrubbery, and trees. The current scope of work for the operations, maintenance, and care of these areas include 3 to 5-feet of fire clearing at the tops and toes of slopes and irrigation maintenance and repairs. Increased scope of work for LMD2 is recommended to include the modification of the paseo lighting to LED for energy cost savings, repair and replacement of light standards, hardscape repair and replacement of off -grade, cracked and broken areas, tree trimming of the hillside trees on a trimming cycle, and landscape maintenance including trash removal and clearing of the hillside plants and shrubbery. It is estimated that the budget required for the increased lighting, hardscape, and landscaping scope is approximately double the existing LMD2 budget. As costs have risen, maintenance has suffered. It is estimated that the budget required for increased landscaping maintenance and operations scope is approximately double the existing LMD2 budget. A full study is needed to ascertain what a proper level of maintenance would cost and explore how to properly set the assessment rate accordingly. Such a study will take several months and, if rates are to be increased, would require a vote by the affected property owners. Pending completion of a further analysis, this report recommends that assessment rates be maintained at their current levels for Fiscal Year 2020-21. OPTIONS: The City Council has the following options: 1. Approve staffs recommendation; or 2. Reduce the assessment rate; LMD2's reserves will be depleted at a faster pace requiring the City's General Fund to subsidize the district; or 3. Provide alternative direction. ENVIRONMENTAL REVIEW: This item is exempt from the provisions of the California Environmental Quality Act ("CEQA") pursuant to Section 15061 (b) (3) of the CEQA Guidelines in that it consists of the maintenance and operations of landscaping and irrigation within the district, which does not have the potential for causing a significant effect on the environment. Prepared by: Michael Ackerman, City Engineer Fiscal Impact FISCAL IMPACT: For FY 2020-21, the assessment rate is proposed to be maintained at the current rate of 6.60 cents per 100 dollars of assessed value. The projected income from the recommended rates is $148,470. In addition, $737 is projected to be received in interest, thus the total projected revenue is $149,207. The total funds available is $517,752, including the $368,545 fund balance from the previous fiscal year. For FY 2020-21, the proposed operating budget for LMD2 is $151,393, which is an increase of 1.87% when compared to the approved/amended budget for FY 2019-20. The proposed operating budget only funds regular landscape maintenance service. Furthermore, a portion of LMD2 is overlaid by Landscape Maintenance District No. 4 (LMD4). LMD4 benefit assessment district was formed in 1975 to encompass the previously remaining undeveloped areas of the Woodside Village planned community development. As a result, a portion of the assessment collected form LMD2 is reimbursed to LMD 4. In turn, this benefit assessment within the overlaid portion of LMD4 is reduced proportionately to reflect this reimbursement. For FY 2020-21, the reimbursement is $9,000 to reflect the appropriate share of the actual assessment collections. LMD4 rates were adopted by the City Council on June 2, 2020. In addition, for the 370 properties that are within the overlaid portion of LMD4, the property owners pay an assessment to LMD4 that ranges from $77.89 to $260.98 per year. This assessment is based on the benefit received by the property from the surrounding landscaping improvements. Attachments Attachment No. 1 -Map Attachment No. 2 - 15 Year Rate History Attachment No. 3 - Financial Report Attachment No. 4 - 10 Year Fiscal Projection Attachment No. 5 - Resolution No. 2020-60 CITY COUNCIL GOALS & OBJECTIVES: Enhance City Facilities and Infrastructure Enhance the City Image and Effectiveness ATTACHMENT NO.1 ATTACHMENT NO. 2 West Covina Landscape Maintenance District No. 2 15 Year Rate History Per $100 of Assessment for Fiscal Year Assessed Value Assessed Value of $400,000 Proposed $0.0660 $264.00 2020-2021 2019-2020 $0.0660 $264.00 2018-2019 $0.0660 $264.00 2017-2018 $0.0660 $264.00 2016-2017 $0.0643 $257.20 2015-2016 $0.0643 $257.20 2014-2015 $0.0643 $257.20 2013-2014 $0.0643 $257.20 2012-2013 $0.0630 $252.00 2011-2012 $0.0630 $252.00 2010-2011 $0.0630 $252.00 2009-2010 $0.0630 $252.00 2008-2009 $0.0618 $247.20 2007-2008 $0.0606 $242.40 2006-2007 $0.0592 $236.80 ATTACHMENT NO. 3 Existing Maintenance Optimal Maintenance Previous Fiscal Year Fund Balance $368,545 $368,545 Revenues Assessment Income (Total Balance to Levy) $148,470 $148,470 Interest 737 737 Total Projected Revenue $149,207 $149,207 Expenditures Direct Maintenance Personnel Services $72,845 $145,690 Materials and Services Maintenance Contracts 28,437 56,874 Utilities (electricity & water) 8,620 17,240 Maintenance Supplies 1,000 2,000 Property & Liability Insurance 14,944 29,888 Administration & Overhead 16,547 33,094 Total Direct Maintenance $142,393 $284 78B Fund Transfer $9,000 $9,000 Capital Improvement $0 $0 Total Operating and Capital Budget $151,393 $293,786 Ending Fund Balance $366,359 $223,966 ATTACHMENT NO. 4 Assessment Income' Interest(') Prior Yr. Balance Total Funding Operating Exp. Fund Transfers CIP Total Cost Ending Balance Assess. Per $400k Assessed Valuation(3) Rate per $100 WEST COVINA MAINTENANCE DISTRICT NO. 2 10-YEAR FISCAL PROJECTION - RECOMMENDATION (0.0% INCREASE) $148,470 $149,955 $151,454 $152,969 $154,498 $156,043 $157,604 $159,180 $160,772 $162,379 737 733 715 697 679 661 643 625 607 589 368,545 366,359 357,359 348,359 339,359 330,359 321,359 312,359 303,359 294,359 $517,752 $528,107 $538,669 $549,443 $560,432 $571,640 $583,073 $594,734 $606,629 $618,762 142,393 145,241 148,146 151,109 154,131 157,213 160,358 163,565 166,836 170,173 9,000 9,000 9,000 9,000 9,000 9,000 9,000 9,000 9,000 9,000 $151,393 $154,241 $157,146 $160,109 $163,131 $166,213 $169,358 $172,565 $175,836 $179,173 $366,359 $357,359 $348,359 $339,359 $330,359 $321,359 $312,359 $303,359 $294,359 $285,359 $257.20 $257.20 $257.20 $257.20 $257.20 $257.20 $257.20 $257.20 $257.20 $257.20 Assessed Valuation (4) $0.0643 $0.0643 $0.0643 $0.0643 $0.0643 $0.0643 $0.0643 $0.0643 $0.0643 $0.0643 Notes: (1) 1% increase in maintenance cost each year due to inflation. (2) Interest is 0.4% of one- half of the previous year ending balance. (3) 1% increase in assessed valuation each year is allowable. (4) Previously approved maximum highest rate, $0.1875 cents. ATTACHMENT NO.5 RESOLUTION NO.2020-60 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, SETTING THE ASSESSMENT RATE FOR WEST COVINA LANDSCAPE MAINTENANCE DISTRICT' NO. 2 FOR FISCAL YEAR BEGINNING JULY 1, 2020 THE CITY COUNCIL OF THE C]TY OF WEST COVINA, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. As applicable, the assessment levied on the real property is exempt from the application of Article XIII A, Section 1 (A) and Article XIII C of the Constitution of the State of California and is levied for the benefit of the residents of the City of West Covina Landscape Maintenance District No. 2 ("LMD2'). SECTION 2. The amount of funds necessary to be raised by the assessment, upon the assessable property within LMD2, for the current Fiscal Year beginning July 1, 2020, is hereby fixed as follows: For the cost of maintaining and operating the open space, improvements, and facilities thereon within the LMD2 in the amount of $151,393. SECTION 3. For the purpose of raising the funding necessary to be raised by the assessment upon the assessable property within LMD2, as revenue to maintain and operate the open space, improvements and facilities within the LMD2, the rate is hereby fixed and the assessment is hereby set on all assessable real property in the LMD2 for the Fiscal Year beginning July 1, 2020, at the rate of 6.60 cents upon 100 dollars of assessed value of said assessable real property as assessed by the County Assessor and equalized by the Assessment Appeals Board of the County of Los Angeles and with respect to certain property as assessed by the State Board of Equalization and equalized by said Board as follows: Estimated Assessed Value of Land within Entire District $232,909,638 Benefit Assessment Rate $0.0660 per hundred dollars No separate tax is being levied upon the assessable property within LMD2 for the Fiscal year beginning July 1, 2020, and no funds are being raised to finance special services within LMD2. SECTION 4. The City Council funds that the levy and collection of these assessments is statutorily exempt from the California Environmental Quality Act under § 15273 of the Guidelines. In addition, the capital improvements proposed for LMD2 are of minor nature and, therefore, categorically exempt from the requirements for environmental compliance. SECTION 5. The City Clerk shall certify to the adoption of this resolution and shall enter the same in the book of original resolutions and it shall become effective i nnnediately. APPROVED AND ADOPTED this 16th day of June, 2020. Tony Wu Mayor APPROVED AS FORM ATTEST Thomas P. Duarte Lisa Sherrick City Attorney Assistant City Clerk I, LISA SHII2RICK, ASSISTANT CITY CLERK of the City of West Covina, California, do hereby certify that the foregoing Resolution No. 2020-60 was duly adopted by the City Council of the City of West Covina, California, at a regular meeting thereof held on the 16th day of June, 2020, by the following vote of the City Council: AYES: NOES: ABSENT: ABSTAIN: Lisa Sherrick Assistant City Clerk