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Item 6 - WEST COVINA LANDSCAPE MAINTENANCE DISTRICT NO. 2 SETTING OF FISCAL YEAR 2022-23 ASSESSMENT RATEAGENDA ITEM NO.6 AGENDA STAFF REPORT City of West Covina I Office of the City Manager DATE: July 19, 2022 TO: Mayor and City Council FROM: David Carmany City Manager SUBJECT: WEST COVINA LANDSCAPE MAINTENANCE DISTRICT NO. 2 SETTING OF FISCAL YEAR 2022-23 ASSESSMENT RATE 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 of 6.60 cents per 100 dollars of assessed valuation: RESOLUTION NO. 2022-73 — 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 1, 2022 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. LMD 2 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 LMD 2 was 18.75 cents per 100 dollars of assessed value. DISCUSSION: For Fiscal Year ("FY") 2022-23, 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 $257,000 plus $1,250 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 six 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 2022-23. OPTIONS: The City Council has the following options: 1. Approve staff's 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 ("CEQK) 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, PE, City Engineer Fiscal Impact FISCAL IMPACT: For FY 2022-23, 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 $257,000. In addition, $1,250 is projected to be received in interest, thus the total projected revenue is $258,250. The total funds available is $1,090,337 including the $832,087 fund balance from the prior fiscal year. For FY 2022-23, the adopted operating budget for LMD 2 is $159,891, which is a decrease of 13% when compared to the approved/amended budget for FY 2021-22. The proposed operating budget only funds regular landscape maintenance service. LMD2 Amount Estimated Beginning Fund Balance 832,08 Projected Revenue 258,25 FY2022-23 Budgeted Expenditures 159,891 Estimated Ending Fund Balance $930,44 For FY 2022-23, below are the Capital Improvement Projects scheduled Project Project 2022-23 Budget Hillside clearing, landscape, irrigation, lighting, and appurtenant $100,000 improvements 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 2022-23, the reimbursement is $0 to reflect the appropriate share of the actual assessment collections. LMD4 rates will be adopted by the City Council on July 5, 2022. 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 - Rate History Attachment No. 3 - Financial Report Attachment No. 4 - 10 Year Projection Attachment No. 5 - Resolution No. 2022-73 CITY COUNCIL GOALS & OBJECTIVES: Enhance City Image and Effectiveness Achieve Fiscal Sustainability and Financial Stability A Well -Planned Community ATTACHMENT NO.1 Landscape Maintenance District 2 Fa`c cove � I• I• I• 0g1° I 1 Fair9rove� 1 x / N 1 n c 1 e F 1 c e 6 •1 m I 1 dl 1 r I 1 I 1 1 1 1 • c F• E 1 1 v x j 1 1 / I I Legend h• I City of West Covina Boundary Maintenance District 2 ! ® Parks i - Open space 9�. ! 300 150 0 300 Feet Parcels •� ! � Attachment No.2 West Covina Landscape Maintenance District No. 2 Proposed $0.0660 $264.00 2022-2023 2021-2022 $0.0660 $264.00 2020-2021 $0.0660 $264.00 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 Attachment No.3 Existing Maintenance Optimal Maintenance Previous Fiscal Year Fund Balance $832,087 $832,087 Revenues Assessment Income (Total Balance to Levy) $257,000 $257,000 Interest 1,250 1,250 Total Projected Revenue $258,250 Expenditures Direct Maintenance Personnel Services $31,048 $62,096 Materials and Services Maintenance Contracts 55,678 111,356 Utilities (electricity & water) 15,341 30,682 Maintenance Supplies 1,780 3,559 Property & Liability Insurance 26,596 53,192 Administration & Overhead 29,449 58,897 Total Direct Maintenance $159,891 $319,782 Fund Transfer $0 $0 Capital Improvement (11 $100,000 $200,000 $258,250 Total Operating and Capital Budget $259,891 $519,782 Ending Fund Balance $830,446 $570,555 I1) The variance is the amount needed to support the recommended increased scope of work for Landscape Maintenance District 2. The recommended scope of work includes 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. Attachment No. 4 West Covina Maintenance District No. 2 10 Year Fiscal Projection Assessment Income $257,000 $257,000 $257,000 $257,000 $257,000 $257,000 $257,000 $257,000 $257,000 $257,000 Interest(') 1,250 1,661 1,661 1,661 1,661 1,661 1,661 1,661 1,661 1,661 Prior Yr. Balance 832,087 830,446 830,446 830,446 830,446 830,446 830,446 830,446 830,446 830,446 Total Funding $1,090,337 $1,089,107 $1,089,107 $1,089,107 $1,089,107 $1,089,107 $1,089,107 $1,089,107 $1,089,107 $1,089,107 Operating Exp. 159,891 163,089 166,351 169,678 173,071 176,533 180,063 183,665 187,338 191,085 Fund Transfers 0 0 0 0 0 0 0 0 0 0 CIP 100,000 0 0 0 0 0 0 0 0 0 Total Cost $259,891 $163,089 $166,351 $169,678 $173,071 $176,533 $180,063 $183,665 $187,338 $191,085 Ending Balance $830,446 $830,446 $830,446 $830,446 $830,446 $830,446 $830,446 $830,446 $830,446 $830,446 Assess. Per $400k Assessed Valuation (2) $264.00 $264.00 $264.00 $264.00 $264.00 $264.00 $264.00 $264.00 $264.00 $264.00 Rate per $100 Assessed Valuation(3) $0.0660 $0.0660 $0.0660 $0.0660 $0.0660 $0.0660 $0.0660 $0.0660 $0.0660 $0.0660 Notes: (1) Interest is 0.4% of one- half of the previous year ending balance. (2) 1% increase in assessed valuation each year is allowable. (3) Previously approved maximum highest rate, $0.1875. ATTACHMENT NO.5 RESOLUTION NO.2022-73 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, 2022 THE CITY COUNCIL OF THE CITY 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, 2022, 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 $259,891. 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, 2022, 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 $237,591,121 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, 2022, and no funds are being raised to finance special services within LMD2. SECTION 4. The City Council finds 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. APPROVED AND ADOPTED this 19th day of July, 2022. APPROVED AS TO FORM Thomas P. Duarte City Attorney Dario Castellanos Mayor ATTEST Lisa Sherrick Assistant City Clerk I, LISA SHERRICK, ASSISTANT CITY CLERK of the City of West Covina, California, do hereby certify that the foregoing Resolution No. 2022-73 was duly adopted by the City Council of the City of West Covina, California, at a regular meeting thereof held on the 19th day of July, 2022, by the following vote of the City Council: AYES: NOES: ABSENT: ABSTAIN: Lisa Sherrick Assistant City Clerk