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CC RES 1992-084RESOLUTION 92 - 84 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES ESTABLISHING A LIMIT ON THE TERM OF THE CITYWIDE LANDSCAPING AND LIGHTING MAINTENANCE DISTRICT, ESTABLISHING A LIMIT ON THE ANNUAL INCREASES IN THE BUDGET OF SUCH DISTRICT, AND AUTHORIZING DEFERRAL OF PAYMENT OF ASSESSMENTS BY INDIVIDUALS WHEREAS, the City of Rancho Palos Verdes has experienced a significant reduction in revenues due to a declining tax base and a reduction in State subventions; and WHEREAS, after a series of expenditure reductions and fee increases, City Council is still faced with a General Fund shortfall of over $1 million for Fiscal Year 1992 -93; and WHEREAS, City Council has determined that an equitable method of having property owners pay for certain services which enhance the values of their properties is through the establishment of a Citywide Landscaping and Lighting Maintenance District; and WHEREAS, the establishment of a Citywide Landscaping and Lighting District would reduce the City's General Fund shortfall by approximately $800,000; and 'VMEREAS, the City Council has established a Citywide Landscaping and Lighting Maintenance District pursuant to the Landscaping and Lighting Act of 1972; and WHEREAS, residents of Rancho Palos Verdes have expressed concern that the Citywide Landscaping and Lighting Maintenance District's assessments will be renewed and increased automatically without significant public input and without looking for alternative means of reducing the budget shortfalls. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES: Section 1. Property in the Citywide Landscaping and Lighting Maintenance District, as established by the City Council of the City of Rancho Palos Verdes on August 9, 1992, shall be assessed for a period not to exceed two years. Such assessments shall cease to exist on June 30, 1994, except for areas which predated formation of the Citywide district, or other areas which request improvements or services benefitting specific properties. Section 2. During the two year period in which the Citywide district is in effect, the district budget shall be limited to the original fiscal year 1992 -93 budget of $868,,4.00. Section 3. It is the City Council's intent to establish procedures whereby an individual who is financially unable to pay the assessment levied against lots and parcels within the Citywide district may enter into an agreement with the City whereby the payment by the individual of the assessment and penalty or interest thereon may be deferred. PASSED, APPROVED, AND ADOPTED THE 9TH DAY OF AUGUST,. 1992, ATTEST: N/i CIT CLERK St e of California County of Los Angeles City of Rancho Palos Verdes SS I, JO PURCELL, City Clerk of the City of Rancho Palos Verdes, hereby certify that the above Resolution No. 92 -84 was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on August 9, 199240 s CITY C IL ERK CITY 6k RANCHO PALOS VERDES -2- RESOL. NO. 92 -84