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Page 11 of 11 <br />our Future to support financial health and sound fiscal policies through long-term planning, <br />cost recovery, increased revenue, and cost containment. <br /> <br />FISCAL IMPACT <br />The LMDs are special assessment districts managed by the City. Each LMD fund can only be <br />spent within the individual LMD where the assessments were collected (i.e., no commingling). <br />As required by law, the City will continue to incur a fiscal impact for those assessments that <br />provide a “general benefit” and those parcels that are City-owned. To that end, the City will <br />pay for LMD parcels as follows: <br /> <br /> <br />With the application of the increased assessment amounts and consistent with the prior year's <br />assessments, staff recommends the total of $12,121.31 be appropriated from the General <br />Fund to the LMDs. The proposed FY 2025/26 budget includes this expense from the General <br />Fund. The cost of the Proposition 218-compliant property owner vote is approximately <br />$36,000 per district for the districts going to a Proposition 218 vote and $9,000 per district for <br />those not requiring a vote. The funds will be taken from the reserve funds for each district <br />rather than the General Fund. <br /> <br />Prepared by: Submitted by: Approved by: <br /> <br />Adam Nelkie, Assistant Dir. <br />of Public Works - <br />Engineering <br />Siew-Chin Yeong, Director of Public <br />Works <br /> <br />Gerry Beaudin, City <br />Manager <br /> <br />Attachments: <br />1. Summary Table of Landscaping and Lighting Maintenance Districts <br />2. Resolution to Approve Engineer’s Report & Assessments (Ponderosa - Del Prado) <br />3. Resolution to Approve Engineer’s Report & Assessments (Windsor) <br />4. Resolution to Approve Engineer’s Report & Assessments (Bonde Ranch) <br />5. Resolution to Approve Engineer’s Report & Assessments (Oak Tree Farm) <br />6. Resolution to Approve Engineer’s Report & Assessments (Moller Ranch) <br /> <br />Page 223 of 864