DATE: July 7, 2020
TO: Board of Supervisors
SUBMITTED BY: Steven E. White, Director
Department of Public Works and Planning
SUBJECT: Adopt Resolution to Determine the Total Amount of Assessment in Assessment District No. 284; Assessment in County Service Area No. 44, Zone D Monte Verdi Estates
RECOMMENDED ACTION(S):
TITLE
Adopt a Resolution to determine the total amount of a Clean Water State Revolving Fund Loan in the amount of $4,144,919 for improvements to the residential wastewater treatment facility serving Zone D of County Service Area No. 44 Monte Verdi Estates, to determine that the assessment in Assessment District No. 284 is due and payable, and to fix the total amount of the assessment at $5,310,000.
REPORT
Approval of the recommended action determines the total amount of a Clean Water State Revolving Fund (CWSRF) loan in the amount of $4,144,919. This CWSRF loan, which was approved by the Board in 2010, was necessary for improvements to the residential wastewater treatment facility serving Zone D of County Service Area No. 44 (CSA 44D).
Approval of the recommended action also determines that the assessment securing repayment of the CWSRF loan (including interest) is due and payable by the property owners within CSA 44D, and fixes the total amount of the assessment at $5,310,000, which is $42,480 per property, or $1,416 per property per year for the 30-year term of the assessment. In addition to the amount of the CWSRF loan repayment assessment on each property, there is also an annual administrative assessment of $76 per parcel for each year during the term of the assessment to pay the necessary costs and expenses incurred, and not otherwise reimbursed, resulting from the administration and collection of the CWSRF loan repayment assessment.
ALTERNATIVE ACTION(S):
There is no viable alternative action.
FISCAL IMPACT:
There is no Net County Cost associated with the recommended action. All costs associated with the total assessment are ...
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