DATE: June 20, 2017
TO: Board of Supervisors
SUBMITTED BY: Margaret Mims, Sheriff-Coroner
SUBJECT: Set FY 2017-18 Appropriations Limit for Mello-Roos Community Facilities District No. 2006-01
RECOMMENDED ACTION(S):
TITLE
Approve and authorize the Chairman to execute a Resolution to establish the FY 2017-18 appropriations limit for the County's Mello-Roos Community Facilities District No. 2006-01 for Enhanced Police Protection Services, effective July 1, 2017.
REPORT
The recommended action only sets a spending limit for Community Facilities District No. 2006-01 (Police Protection Services) of the County of Fresno (CFD 2006-01) for FY 2017-18. Your Board will be asked at a later date to set the Mello-Roos special tax rate and levy any Mello-Roos special taxes for CFD 2006-01 for FY 2017-18.
ALTERNATIVE ACTION(S):
Your Board is required by law to establish the appropriations limit each fiscal year for CFDs and to adjust each limit annually based on changes in the cost of living and changes in the populations from the prior year. Your Board may increase the appropriations limit according to the statutory calculations shown below, or maintain the same appropriations limit as your Board approved for the 2016-17 fiscal year.
FISCAL IMPACT:
The Resolution will result in no Net County Cost.
DISCUSSION:
The purpose of CFD 2006-01 is to provide enhanced police protection services to residents within the CFD. Your Board is the legislative body for CFD 2006-01.
As allowed by the Mello-Roos Act, your Board established, and the qualified electors for CFD 2006-01 (i.e., landowners at that time) approved, the initial appropriations limit when CFD 2006-01 was formed. That initial appropriations limit was calculated by MuniFinancial, the County's financial consultant for the formation of CFD 2006-01.
The law requires your Board to annually adopt by Resolution for the following fiscal year the appropriations limit for CFD 2006-01, under Article XIIIB of the State Con...
Click here for full text