REPORT TO THE CITY COUNCIL
March 16, 2017
FROM: SCOTT L. MOZIER, PE, Director
Public Works Department
BY: SCOTT W. KRAUTER, PE, Special Projects Engineer
Public Works Department, Administration Division
SUBJECT
Title
RESOLUTION - Authorizing the appropriation of $44,000 in surplus funds from Assessment District No. 131 to be re-used for maintenance of district improvements (Council District 2)
Body
RECOMMENDATION
Staff recommends that the Council adopt a Resolution authorizing the appropriation of Assessment District No. 131 surplus funds for maintenance of street lights originally constructed by the District improvements.
EXECUTIVE SUMMARY
Assessment District No. 131 (AD 131) originally issued bonds in 1991 to construct major streets, traffic signals, water mains and sewer mains within the district boundaries (see enclosed original map). Work was completed in the 1990's and the 20 year bonds were paid off in 2007, thus ending the assessments to AD 131 properties. However, a relatively small surplus of funds remains after all AD 131 obligations have been fulfilled. State law allows surplus funds to be used for maintenance of any public improvements originally constructed within an assessment district. Therefore, it is proposed to utilize the $44,000 surplus remaining in the AD 131 fund to retrofit existing street lights constructed by the district to more efficient Light Emitting Diode (LED) light sources. If the Council adopts the resolution being recommended by staff, the LED street lighting retrofit will be included in the proposed FY2018 budget.
BACKGROUND
On April 10, 1990, the City Council formed AD 131 in the general vicinity north of Herndon Avenue between Blythe and Polk Avenues (see enclosed original map). AD 131 raised funds to construct selected infrastructure improvements by issuance of tax exempt improvement bonds. The Bonds were issued for $10.8 million in 1991, infrastructure was completed in the 1990's and the bonds w...
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