DATE: June 23, 2020
TO: Board of Supervisors
SUBMITTED BY: Margaret Mims, Sheriff-Coroner-Public Administrator
SUBJECT: Establish FY 2020-21 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 2020-21 appropriations limit for the County's Mello-Roos Community Facilities District No. 2016-01 for Enhanced Police Protection Services, effective July 1, 2020.
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 2020-21. Your Board will be asked at a later date to levy the Mello-Roos special tax for CFD 2006-01 for FY 2020-21. This item is countywide.
ALTERNATIVE ACTION(S):
Your Board is required by law to establish the appropriations limit for CFDs and to adjust each limit annually for the following fiscal year 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 2019-20 fiscal year.
FISCAL IMPACT:
The Resolution will result in no Net County Cost. The proposed appropriation limit for Mello-Roos Community Facilities District No. 2006-01 for FY 2020-2021 is $349,800,667.
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, the Board established the initial appropriations limit when CFD 2006-01 was formed. The qualified electors for CFD 2006-01 (i.e., landowners at that time) also approved the initial appropriations limit. The amount of that initial appropriations limit was calculated by MuniFinancial, the County's financial consultant for the form...
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