04-13-2004 CC RPT 24 - Laserfiche WebLink

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People Serving People Riverside CITY OF RIVERSIDE CITY COUNCIL MEMORANDUM HONORABLE MAYOR AND CITY COUNCIL DATE: April 13, 2004 ITEM NO: 24 SUBJECT: PREPARATION OF THE ENGINEER'S REPORT - 2004105 STREET LIGHT ASSESSMENT DISTRICT - RESOLUTION ADOPTION BACKGROUND: The annual process for the Street Light Assessment District requires that the City Council adopt a Resolution ordering the preparation of the Annual Engineer's Report. The Engineer's Report outlines the street lighting expenses and proposed assessments for the coming fiscal year. After the report's preparation, it will be presented to the City Council and, at that time, the required public hearing will be scheduled to coincide with the 2004/05 Annual Budget adoption. The report will be prepared by Albert A. Webb Associates, for a fee of $14,000, under the terms of a five-year contract now in its second year. The Engineer's Report calculates the annual assessments by the allocation of the total street lighting expenses of the District to the various lighting zones (including residential, rural and non-residential zones). Measure EE, passed by the voters in June 1997, approved the continuation of the assessments at the same rates as established in 1996/97. The estimated assessment levies of $3,250,000 will recover approximately 87% of the estimated 2004/05 street lighting expenses ($3,723,000). FISCALIMPACT: The preliminary 2004/05 Annual Budget will anticipate General Fund revenue of approximately $3,250,000 from the Street Light Assessment District. A reduction or elimination of the anticipated revenue from the District would require additional budget review to address the loss of revenue. 24-1