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HomeMy WebLinkAboutCC RES 02-043RESOLUTION. No. 02-43 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, AMENDING AND/OR APPROVING THE ENGINEER'S REPORT REGARDING THE FORMATION OF THE DIAMONDBACK LANDSCAPING AND LIGHTING DISTRICT; THE CONCURRENT ANNEXATION OF SAID TERRITORY INTO THE PALM DESERT CONSOLIDATED LANDSCAPING AND LIGHTING DISTRICT; AND THE LEVY AND COLLECTION OF ANNUAL ASSESSMENTS RELATED THERETO FOR FISCAL YEAR 2002/03 WHEREAS, the City Council, pursuant to the Landscaping and Lighting Act of 1972, Part 2 of Division 15 of the Streets and Highways Code of California, beginning with Section 22500 (hereafter referred to as the "Act"), did by previous Resolution order the Engineer, MuniFinancial, to prepare and file a Report in connection with the proposed formation of the "Diamondback Landscaping and Lighting District" (hereafter referred to as the "District") located at Diamondback Road and Hovley Lane West; and the concurrent annexation of the territory into the Palm Desert Consolidated Landscaping and Lighting District (hereafter referred to as the "Consolidated District"), and the proposed levy and collection of assessments against parcels of land for the fiscal year commencing July 1, 2002 and ending June 30, 2003; and, WHEREAS, the Engineer has prepared and filed with the City Clerk of the City of Palm Desert, California and the City Clerk has presented to the City Council such report entitled "City of Palm Desert Engineer's Report Diamondback Landscaping and Lighting District Formation Fiscal Year 2002/03" as required by the Act; and, WHEREAS, the City Council pursuant to the provisions of Chapter 2, Article 1, Section 22586 of said Act may approve the report, as filed, or may modify the report in any particular and approve it as modified; and WHEREAS, the City Council has carefully examined and reviewed the Report as presented, considered all oral and written comments presented with respect to the District and Report at a noticed Public Hearing and has discussed any necessary or desired modifications to the Report. WHEREAS, the City Council has conducted property owner protest ballot proceedings relating to the improvements and services described in the Engineer's Report for the purpose of presenting to the qualified property owners an assessment and assessment range formula establishing a maximum assessment for the levy and collection of assessments related thereto in accordance with the provisions of the California Constitution Article XIIID; and, Page 1 of 3 RESOLUTION: No. 02-43 NOW, THEREFORE, BE IT RESOLVED, DETERMINED, AND ORDERED BY THE CITY COUNCIL FOR THE DISTRICT, AS FOLLOWS: Section 1: The preceding recitals are true and correct. Section 2: The Report as presented or as modified, contains the following: a. A Description of Improvements. b. A Boundary Diagram of the District. c. The Method of Apportionment that details the method of calculating each parcel's proportional special benefits and annual assessment. d. The maximum annual assessment for the first fiscal year (Adjusted Maximum Levy per EDU) approved by the property owners. e. An "Assessment Range Formula" for calculating annual inflationary adjustments to the "Maximum Assessment" (Adjusted Maximum Levy per EDU), also approved by the property owners. f. The Annual Budget (Costs and Expenses) and the resulting assessment (Levy per EDU) for the first fiscal year. The District Roll containing the Levy for each Assessor Parcel within the District commencing fiscal year 2002/03. Section 3: Section 4: Section 5: g. The City Clerk is hereby directed to enter on the minutes of the City Council any and all modifications to the Report determined and approved by the City Council, and all such changes and/or modifications by reference are incorporated into the Engineer's Report. The City Council is satisfied with the Engineer's Report as presented or modified, each and all of the budget items and documents as set forth therein, and is satisfied that the annual assessments contained therein are consistent with the assessments approved by the property owners and spread in accordance with the special benefits received from the improvements pursuant to the provisions of the California Constitution Article XIIID. The Report is hereby approved as submitted or modified and ordered to be filed in the Office of the City Clerk as a permanent record and to remain open to public inspection. Page 2 of 3 Section 6: RESOLUTION: No . 02-43 The City Clerk shall certify to the passage and adoption of this Resolution, and the minutes of this meeting shall so reflect the presentation and approval of the Report as submitted or modified. PASSED, APPROVED, AND ADOPTED this 9th day of May 2002. STATE OF CALIFORNIA COUNTY OF RIVERSIDE CITY OF PALM DESERT ss. Shiela R. Gilligan City Clerk of the City of Palm Desert, County of Riverside, State of California do hereby certify that the foregoing Resolution No. 02-43 was regularly adopted by the City Council of said City of Palm Desert at a regular meeting of said council held on the 9th day of May , 2002 by the following vote: AYES: BENSON, CRITES, FERGUSON, SPIEGEL, KELLY NOES: NONE ABSENT: NONE ABSTAINED: NONE Mayor, Richard Kelly City o Palm Desert 11 City Clerk, Sheila R. " G. li,_an City of Palm Desert Page 3 of 3 [This page has intentionally been left blank.] CITY OF PALM DESERT ENGINEER'S REPORT DIAMONDBACK ROAD LANDSCAPING AND LIGHTING DISTRICT FORMATION Fiscal Year 2002-2003 Intent Meeting: Public Hearing: March 14, 2002 May 9, 2002 �tia �MuniFinanciaf Corporate Office 28765 Single Oak Drive Suite 200 Temecula, CA 92590 Tel: (909) 699-3990 Tel: (800) 755-MUNI (6864) Fax: (909) 699-3460 Regional • Anaheim, CA • Industry•, CA • Jacksonville, FL • Lancaster, CA • Oakland, CA www.muni.com Offices • Phoenix, AZ • San Diego, CA • Seattle, WA • Washington, DC TABLE OF CONTENTS I. OVERVIEW 1 A. INTRODUCTION 1 B. GENERAL DESCRIPTION OF THE DISTRICT 2 II. PLANS AND SPECIFICATIONS 3 A. DESCRIPTION OF THE DISTRICT 3 B. DISTRICT IMPROVEMENTS AND SERVICES 4 GENERAL PROVISIONS 4 LOCATION AND EXTENT OF THE IMPROVEMENTS 5 III. METHOD OF APPORTIONMENT 6 A. IMPROVEMENT BENEFIT FINDINGS 6 GENERAL BENEFITS 6 SPECIAL BENEFITS 7 B. APPORTIONMENT CALCULATIONS 8 C. ASSESSMENT RANGE FORMULA 9 IV. DISTRICT BUDGET 12 APPENDIX A - DISTRICT DIAGRAMS 13 APPENDIX B - ASSESSMENT ROLL 15 Engineer's Report Diamondback Road Landscaping and Lighting District I. OVERVIEW A. INTRODUCTION The City of Palm Desert ("City") proposes to form the Diamondback Road Landscaping and Lighting District ("District") for Fiscal Year 2002-2003. The City Council on behalf of the City proposes to levy and collect special assessments on the County tax rolls to provide funding for the costs and expenses required for on -going maintenance of the landscaping and lighting improvements within the District. All improvements associated with the District have been installed as part of the development of the properties within the District. Upon successful formation of the District and approval of the assessments, the territory within the District will be concurrently annexed into the existing Palm Desert Consolidated Landscaping and Lighting District ("Consolidated District") as a new sub -zone within Zone 6 (Hovley Lane). The District will be formed, annexed into the Consolidated District, and levied pursuant to the Landscape and Lighting Act of 1972, Part 2 of Division 15 of the California Streets and Highways Code (the Act), and in compliance with the substantive and procedural requirements of the California Constitution Article XIIID. This Engineer's Report ("Report") describes the District and assessments to be levied against properties within the District commencing with Fiscal Year 2002-2003. The assessments described herein are based on the estimated cost to maintain the improvements that will provide a direct and special benefit to properties within the District. All improvements to be maintained and funded through annual assessments were constructed and installed in connection with the development of these properties. The annual costs and assessments described herein include all estimated direct expenditures, incidental expenses, deficits, surpluses, revenues, and reserves associated with the maintenance and servicing of the improvements. Each parcel shall be assessed proportionately for only those improvements provided and for which the parcel receives special benefit. The word "parcel," for the purposes of this Report, refers to an individual property assigned its own Assessment Number by the County of Riverside Assessor's Office. The County of Riverside Auditor/Controller uses Assessment Numbers and specific Fund Numbers to identify properties assessed on the tax roll for special district benefit assessments. MuniFinancial Page 1 Engineer's Report Diamondback Road Landscaping and Lighting District At a noticed Public Hearing, the City Council will consider all public comments and written protests presented. Upon conclusion of the Public Hearing, the City Council will tabulate property owner protest ballots received to determine whether majority protest exists, and by resolution confirm the results of the protest ballot tabulation. Proceedings for the formation of the assessment district shall be abandoned if majority protest exists. If tabulation of the property owner protest ballots indicates approval of the assessments and the assessment range formula presented, by resolution the City Council will approve the Engineer's Report as submitted or amended (amendments may not increase the assessments approved by the property owner balloting procedure). Following approval of the Report, the City Council will by resolution, order the formation of the District, the annexation of the territory into the Consolidated District, and confirm the levy and collection of assessments pursuant to the Act. In such case, the assessments as approved may be submitted to the Riverside County Auditor/Controller to be included on the property tax roll for each parcel for Fiscal Year 2002-2003, or reviewed and confirmed at the annual public hearing for the Consolidated District. B. GENERAL DESCRIPTION OF THE DISTRICT The District consists of all lots and parcels within Tract 29893 known as the Diamondback Road at Hovley Lane West. Tract 29893 is a single-family residential development located on Diamondback Road, on the north side of Hovley Lane West between Monterey Avenue, and Portola Avenue within the City of Palm Desert, County of Riverside. The assessable parcels within the District (Twenty single-family residential lots) receive special benefit from the installation and maintenance of street lighting facilities and landscaped areas within or adjacent to the development, installed as part of the development and subdivision of the original undeveloped property. The improvements have been installed by the developer as part of the development plan and the District is being formed to ensure and preserve the on going maintenance and operation of these improvements. The improvements include parkway landscaping along Hovley Lane West on the perimeter of the development including a masonry wall and entryway monument and a single street light installed at the entrance to the development. The specific location, description and benefits of the improvements are discussed in the following sections. MuniFinancial Page 2 Engineer's Report Diamondback Road Landscaping and Lighting District II. PLANS AND SPECIFICATIONS A. DESCRIPTION OF THE DISTRICT The District consists of all lots and parcels located within the residential development known as the Diamondback Road at Hovley Lane West (Tract 29893). The District is generally located east of Monterey Avenue, west of Portola Avenue, on the north side of Hovley Lane West and incorporates all the single-family residential parcels of Tract 29893. The District boundary includes all lots within Tract 29893 totaling approximately 4.75 acres described as: • Twenty (20) subdivided single-family residential lots (Lots 1-20) on Diamondback Road, (Assessor's Parcel Numbers 622-290-061 through 080); • Two landscape right-of-ways/easements (Parkway landscape areas) adjacent to the development on the north side of Hovley Lane West, identified as Lot "C" (0.02 acres) and Lot "D" (0.02 acres), (Assessor's Parcel Numbers 622-290-060 and 081); • Public street right -of ways on Hovley Lane West (Lot "A") and Diamondback Road (Lot "B"). Refer to the Assessment Diagram for details of the District boundary. The improvements that provide a special benefit to properties within the District generally include, but are not limited to: • Parkway and perimeter landscaping adjacent to the development on the north side of Hovley Lane West; • Street Lighting located at the entrance to the development at the corner of Hovley Lane West and Diamondback Road; • Entryway monument, blockwalls, irrigation systems, drainage systems and electrical facilities associated with the landscaping and lighting improvements identified above. The estimated annual cost to provide and maintain the improvements within the District have been allocated to each property in proportion to special benefits received. The Method of Apportionment described in this Report utilizes commonly accepted assessment engineering practices and have been MuniFinancial Page 3 Engineer's Report Diamondback Road Landscaping and Lighting District established pursuant to the 1972 Act and the provisions of the California Constitution Article XIIID (Proposition 218). B. DISTRICT IMPROVEMENTS AND SERVICES GENERAL PROVISIONS As generally defined by the 1972 Act and applicable to this District, improvements and the associated assessments may include one or any combination of the following: 1) The installation or planting of landscaping; 2) The installation or construction of statuary, fountains, and other ornamental structures and facilities; 3) The installation or construction of public lighting facilities, including, but not limited to, street lights and traffic signals; 4) The installation or construction of any facilities which are appurtenant to any of the foregoing or which are necessary or convenient for the maintenance or servicing thereof; 5) The maintenance or servicing, or both, of any of the foregoing including the furnishing of services and materials for the ordinary and usual maintenance, operation, and servicing of any improvement, including, but not limited to: a) Repair, removal, or replacement of all or any part of any improvements; b) Grading, clearing, removal of debris, the installation, repair or construction of curbs, gutters, walls, sidewalks, or paving, or water, irrigation, drainage, or electrical facilities; c) Providing for the life, growth, health, and beauty of landscaping, including cultivation, irrigation, trimming, spraying, fertilizing, or treating for disease or injury; d) The removal of trimmings, rubbish, debris, and other solid waste; e) The cleaning, sandblasting, and painting of walls and other improvements to remove or cover graffiti. f) Electric current or energy, gas, or other agent for the lighting or operation of any other improvements. Water for the irrigation of any landscaping, the operation of any fountains, or the maintenance of any other improvements. g) MuniFinancial Page 4 Engineer's Report Diamondback Road Landscaping and Lighting District 6) Incidental expenses associated with the improvements including, but not limited to: a) The cost of preparation of the report, including plans, specifications, estimates, diagram, and assessment; b) The costs of printing, advertising, and the publishing, posting and mailing of notices; c) Compensation payable to the County for collection of assessments; d) Compensation of any engineer or attorney employed to render services; e) Any other expenses incidental to the construction, installation, or maintenance and servicing of the improvements; and, f) Costs associated with any elections held for the approval of a new or increased assessment. LOCATION AND EXTENT OF THE IMPROVEMENTS The purpose of the District is to ensure the on going maintenance, operation and servicing of local landscaping and lighting improvements installed as a result of property development. The landscape improvements may include but are not limited to all material and facilities within the District including ground cover, shrubs, trees and plants; irrigation and drainage systems; ornamental lighting structures, masonry walls or other fencing, entryway monument, and associated appurtenant facilities located within the following areas: • Parkway and perimeter landscaping adjacent to the development on the north side of Hovley Lane West, identified as Lots "C" and "D" (0.04 acres) on Tract Map No. 29893. The street lighting improvements may include but are not limited to all material, facilities and electric current necessary to provide street lighting within the District in the following locations: • A single streetlight is located at the entrance to the development at the corner of Hovley Lane West and Diamondback Road. MuniFinancial Page 5 Engineer's Report Diamondback Road Landscaping and Lighting District III. METHOD OF APPORTIONMENT Pursuant to the 1972 Act the costs (assessments) of the District are apportioned by a formula or method that fairly distributes the net amount to be assessed among all parcels in proportion to benefits received from the improvements. Furthermore, the provisions of the California Constitution Article XIIID (Proposition 218) require the agency to separate the general benefit from special benefit, whereas only special benefits may be assessed. A. IMPROVEMENT BENEFIT FINDINGS The annual assessment outlined in the Budget section of this Report represents the estimated annual cost to provide all necessary service, operation, administration, and maintenance required to keep the landscaping and lighting improvements in a healthy, vigorous, and satisfactory condition. It has been determined that each assessable parcel within the District receives similar and proportional special benefits from the improvements. The fact that all proposed improvements are part of the overall property development plan within the District, and each parcel's close and relatively similar proximity to the improvements makes each parcel's special benefit from the improvements similar and proportionate. All the lots and parcels that receive special benefit from the improvements are included within the District and shall be assessed for the improvements. GENERAL BENEFITS The improvements associated with this District are a direct result of property development within the District and would otherwise not be required or necessary. Developers typically install local improvements to enhance the marketability and value of properties within the development and/or as conditions of development. In either case, the improvements are clearly installed for the benefit of the properties being developed and not for the benefit of surrounding properties. Although local improvements (by virtue of their location) may be visible to surrounding properties, any benefit to surrounding properties is incidental and cannot be considered a direct and special benefit to those properties. Furthermore, most developments within the City of Palm Desert typically have various landscaping and lighting improvements specifically associated with those developments and these improvements are funded by properties within those developments. Therefore, by comparison it has been determined that the improvements for this District and the on -going operation and maintenance of those improvements are clearly a direct and special benefit to properties MuniFinancial Page 6 Engineer's Report Diamondback Road Landscaping and Lighting District within the District and provide no measurable general benefit to properties outside the District or to the public at large. SPECIAL BENEFITS All the improvements funded through the District provide a special aesthetic value to each property and enhance the quality of life for property owners within the District. All the improvements associated with the District are part of the overall development plan for these properties and were specifically installed for the benefit and development of the properties. The special benefits associated with parkway, perimeter, entryway, and other specified landscaped areas and associated amenities are specifically: 1. Enhanced desirability of properties through association with the improvements. 2. Improved aesthetic appeal of properties by providing a positive representation of the development and properties within the District. 3. Enhanced adaptation of the urban environment within the natural environment from adequate green space and landscaping. 4. Environmental enhancement through improved erosion resistance, dust and debris control and reduced noise and air pollution. 5. Increased sense of pride in property ownership resulting from well - maintained improvements associated with the properties. 6. Reduced vandalism and criminal activity resulting from well - maintained surroundings and amenities. 7. The special enhancements to the value of property which results from the above benefits. The special benefits of street lighting are the convenience, safety, and security of property, improvements, and goods. Specifically: 1. Enhanced deterrence of crime and the aid to police protection. 2. Increased nighttime safety on streets through enhanced visibility. 3. Improved sense of security and safety for pedestrians, motorists and property owners. 4. Improved ingress and egress to property. 5. Reduced vandalism, other criminal acts and damage to improvements or property. MuniFinancial Page 7 Engineer's Report Diamondback Road Landscaping and Lighting District 6. Reduced personal property loss. 7. The special enhancement to the value of property which results from the above benefits. B. APPORTIONMENT CALCULATIONS The assessments outlined in this section represent the proportionate special benefit to each property within the District and the basis of calculating each parcel's proportionate share of the annual costs associated with the District improvements. The costs associated with the maintenance and operation of all District improvements shall be collected through annual assessments from each parcel receiving special benefit. The funds collected shall be dispersed and used for only the services and operation provided to the District. The basis of determining each parcel's special benefit utilizes a weighting formula commonly known as an Equivalent Benefit Unit (EBU). The single- family residential lot (parcel) is used as the base unit for calculation of assessments and is defined as one (1.00) EBU. All other property types are typically assigned an EBU that reflects their proportional special benefit from the improvements as compared to the single-family residential lot (weighted comparison). Parcels that will not be developed such as sliver parcels, dedicated easements, open space areas, dedicated landscaped areas or common areas and properties not designated by a County Assessor's Parcel Number (APN) such as streets, utility easements or rights -of -way receive no special benefit and are considered Exempt and are not assessed for District improvements. If the County assigns an APN to any parcel identified as Exempt, that parcel shall be assigned 0.00 EBU. Any property that is identified as non-taxable by the County Assessor's Office such as government owned or utility owned property is not exempt from District assessments unless: • The property has restricted development or limited land use potential and clearly receive no benefit from the installation and maintenance of the improvements; or • The property provides additional or substantially similar improvements being provided by the District (such is the case with parks and open space areas or possibly schools and common areas). MuniFinancial Page 8 Engineer's Report Diamondback Road Landscaping and Lighting District In the Diamondback Road Landscaping and Lighting District, all parcels have been identified as either single-family residential parcel (subdivided residential lots) or Exempt. All the single-family residential parcels benefit from the improvements and shall proportionately share in the cost of maintaining the improvements. It has been determined that each residential parcel receives equal special benefit from all the improvements. Therefore, the most equitable and reasonable apportionment of benefit is an equal distribution of costs, regardless of the parcel's acreage or development status. An assessment amount per EBU (Rate) for the District improvements is established by taking the total cost of the improvement and dividing that amount by the total number of EBU's of the benefiting parcels. This Rate is then applied back to each parcel's individual EBU to determine the parcel's proportionate benefit and assessment obligation. Total Balance to Levy / Total EBU = Levy per EBU Levy per EBU x Parcel EBU = Parcel Levy Amount Refer to the District Budget for a breakdown of the annual budget and assessments. C. ASSESSMENT RANGE FORMULA Any new or increase in assessments require certain noticing and meeting requirements by law. Prior to the passage of Proposition 218, legislative changes in the Brown Act defined the definition of "new or increased assessment" to exclude certain conditions. These conditions included "any assessment that does not exceed an assessment formula or range of assessments previously adopted by the agency or approved by the voters in the area where the assessment is imposed." This definition and conditions were later confirmed through SB919 (Proposition 218 implementing legislation). The purpose of establishing an assessment range formula is to provide for reasonable increases and inflationary adjustment to annual assessments without requiring costly noticing and mailing procedures, which could add to the District costs and assessments. As part of the District formation, balloting of property owners is required, pursuant to Proposition 218. The ballots presented to the property owners in connection with this Report includes an Assessment Rate to be approved, as well as the approval of an assessment range formula. MuniFinancial Page 9 Engineer's Report Diamondback Road Landscaping and Lighting District The assessment range formula shall be applied to all future assessments within the District. Generally, if the proposed annual assessment (levy per unit or rate) for the current fiscal year is less than or equal to the "Maximum Assessment" (or "Adjusted Maximum Assessment"), then the proposed annual assessment is not considered an increased assessment. The Maximum Assessment is equal to the initial Assessment approved by property owners adjusted annually by the following criteria: 1. Beginning in the second fiscal year (Fiscal Year 2003/04) and each fiscal year thereafter, the Maximum Assessment will be recalculated annually. 2. The new adjusted Maximum Assessment for the year represents the prior year's Maximum Assessment adjusted by the greater of: (a) Three percent (3.0%); or, (b) The annual increase in the Consumer Price Index (CPI). Each year the City shall compute the annual increase in the CPI. The increase in CPI is the percentage difference between the CPI on January 1, of the current year and the CPI for the previous January 1 (or for a similar period of time) as provided and established by the Bureau of Labor Statistics. This percentage difference (annual difference) shall then establish the allowed increase based on CPI. The Consumer Price Index used shall be based on the CPI established by the Bureau of Labor Statistics for all urban consumers for the Los Angeles, Anaheim, and Riverside Area. Should the Bureau of Labor Statistics revise such index or discontinue the preparation of such index, the City shall use the revised index or comparable system as approved by the City Council for determining fluctuations in the cost of living. If CPI is less than three percent (3.0%), then the allowable adjustment to the Maximum Assessment is three percent. If CPI is greater than three percent (3.0%), then the allowable adjustment to the Maximum Assessment is based on CPI. The Maximum Assessment is adjusted annually and is calculated independent of the District's annual budget and proposed annual assessment. Any proposed annual assessment (rate per levy unit) less than or equal to this Maximum Assessment is not considered an increased assessment, even if the proposed assessment is greater than the assessment applied in the prior fiscal year. The Maximum Assessment will be recalculated and adjusted annually. However, the City Council may reduce or freeze the Maximum Assessment at any time by amending the Engineer's Annual Report. Although the Maximum Assessment will normally increase each year, the actual District assessments may remain virtually unchanged. The Maximum Assessment adjustment is designed to establish a reasonable limit on District assessments. The Maximum Assessment calculated each year does not require MuniFinancial Page 10 Engineer's Report Diamondback Road Landscaping and Lighting District or facilitate an increase to the annual assessment and neither does it restrict assessments to the adjustment maximum amount. If the budget and assessments for the fiscal year does not require an increase, or the increase is less than the adjusted Maximum Assessment, then the required budget and assessment may be applied without additional property owner balloting. If the budget and assessments calculated requires an increase greater than the adjusted Maximum Assessment then the assessment is considered an increased assessment. To impose an increased assessment the City Council must comply with the provisions of Proposition 218 (Article XIIID Section 4c of the California Constitution). Proposition 218 requires a public hearing and certain protest procedures including mailed notice of the public hearing and property owner protest balloting. Property owners through the balloting process must approve the proposed assessment increase. If the proposed assessment is approved, then a new Maximum Assessment is established for the District. If the proposed assessment is not approved, the City Council may not levy an assessment greater than the adjusted Maximum Assessment previously established for the District. MuniFinancial Page 11 Engineer's Report Diamondback Road Landscaping and Lighting District IV. DISTRICT BUDGET • 1 roposea special venerai Assessame ' Budget Benefit Benefit Costs DIRECT COSTS Maintenance Costs $3,620 $3,620 $0 $3,620 Landscape Utilities 600 600 0 600 Landscape Extras (Repairs/Materials/Equipment) 770 770 0 770 Tree Pruning 250 250 0 250 Street Lighting 150 150 0 150 Special District Services 0 0 0 0 Miscellaneous Maintenance 0 0 0 0 Direct Costs (Subtotal) 5,390 5,390 0 5,390 ADMINISTRATION COSTS District Administration 969 969 0 969 County Administration Fees 86 86 0 86 Miscellaneous Administration 0 0 0 0 Administration Costs (Subtotal) 1,055 1,055 0 1,055 LEVY BREAKDOWN Total Direct and Admin. Costs 6,445 6,445 0 6,445 Reserve Fund Collection/Transfer 645 645 0 645 CIP Collection/Transfers 0 0 0 0 Reimbursable Contributions/Replenishments 0 0 0 0 Other Revenue Sources/Contributions 0 0 0 0 Balance to Levy 7,090 7,090 0 7,090 DISTRICT STATISTICS Total Parcels Total Parcels Levied Total Equivalent Dwelling Units Levy per EDU GENERAL INFORMATION 7'7 20 20.00 $354.48 Reserve Fund Account Beginning Reserve Fund Balance 0 0 0 0 Reserve Collection/Transfers 645 645 0 645 Anticipated Reserve Balance 645 645 0 645 Capital Improvement Projects (CIP) Beginning CIP Balance 0 0 0 0 CIP Collection/Transfers 0 0 0 0 Anticipated CIP Balance 0 0 0 0 Adjusted Maximum Levy per EDU $354.48 The Developer has paid the costs associated with the formation of the District and this cost is not reflected in this Budget. This Budget reflects both the proposed initial Maximum Assessment Rate presented to the Property Owners for approval as well as the proposed Assessment Rate for Fiscal Year 2002-2003. MuniFinancial Page 12 Engineer's Report Diamondback Road Landscaping and Lighting District APPENDIX A - DISTRICT DIAGRAMS The District consists of all lots and parcels located within the residential development known as the Diamondback Road (Tract 29893). The District is generally located east of Monterey Avenue, north of Hovley Lane West, west of Portola Avenue and incorporates all the single- family residential parcels of Tract 29893 located on Diamondback Road. The Boundary Diagram for Diamondback Road Landscaping and Lighting District is defined by the boundaries of Tract 29893 as identified on the Riverside County Assessor's Parcel Map. The following page (APN map) identifies the parcels within the District and constitutes the Assessment Diagram for the Diamondback Road Landscaping and Lighting District. 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Y •7 w i® 0 0 0 0 0 1, Y w }1t Si W0 KW1/0Ii7 dal 3AV siw4n ia3S3C W1Vd IO ALI3 ,3 ,wpry • n ai MnniFinancial Engineer's Report Diamondback Road Landscaping and Lighting District APPENDIX B - ASSESSMENT ROLL Parcel identification for each lot or parcel within the District, shall be the parcel as shown on the Riverside County Secured Roll for the year in which this Report is prepared and reflective of the Riverside County Assessor's Parcel Maps. A listing of parcels assessed within this District, along with the assessment amounts is included in the following table. APN 622-290-061 622-290-062 622-290-063 622-290-064 622-290-065 622-290-066 622-290-067 622-290-068 622-290-069 622-290-070 622-290-071 622-290-072 622-290-073 622-290-074 622-290-075 622-290-076 622-290-077 622-290-078 622-290-079 622-290-080 Hovley Lane Diamondback Road 622-290-060 622-290-081 Parcel Description Tract 29893 Lot 1 Tract 29893 Lot 2 Tract 29893 Lot 3 Tract 29893 Lot 4 Tract 29893 Lot 5 Tract 29893 Lot 6 Tract 29893 Lot 7 Tract 29893 Lot 8 Tract 29893 Lot 9 Tract 29893 Lot 10 Tract 29893 Lot 11 Tract 29893 Lot 12 Tract 29893 Lot 13 Tract 29893 Lot 14 Tract 29893 Lot 15 Tract 29893 Lot 16 Tract 29893 Lot 17 Tract 29893 Lot 18 Tract 29893 Lot 19 Tract 29893 Lot 20 Tract 29893 Lot A Tract 29893 Lot B Tract 29893 Lot C Tract 29893 Lot D Total Assessment Proposed Assessment 354.48 354.48 354.48 354.48 354.48 354.48 354.48 354.48 354.48 354.48 354.48 354.48 354.48 354.48 354.48 354.48 354.48 354.48 354.48 354.48 0.00 0.00 $0.00 0.00 $7,089.60 MuniFinancial