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75A - PH - RESO TO MODIFY CMD BOUNDARIES
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75A - PH - RESO TO MODIFY CMD BOUNDARIES
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Last modified
7/22/2016 4:56:34 PM
Creation date
8/18/2011 1:27:18 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
75A
Date
8/24/2011
Destruction Year
2016
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years (Years 4 and 5) must be set at the modified date of the CMD. An annual flat inflationary rate increase of up to <br />5% may be imposed for Years 4 and 5. Therefore the maximum annual rates may not increase more than 5% of the <br />previous year's rates. The maximum annual assessment revenue for Years 3 -5 is shown in the Modified Management <br />District Plan. <br />Step g• Spread the Assessments <br />The resultant assessment spread calculation results for each parcel within the modified CMD are shown in <br />Attachment 1 attached hereto and were determined by applying the District assessment formula to each identified <br />benefiting property. <br />16 <br />
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