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CMD Annual Report <br />July 16, 2012 <br />Page 2 <br />4) The method and basis of levying the assessment in sufficient detail to allow each real <br />property owner to estimate the amount of the assessment to be levied against his or her <br />property for that fiscal year (Exhibit 3); <br />5) The amount of any surplus or deficit revenues to be carried over from a previous fiscal year <br />(Exhibit 2); <br />6) The amount of any contributions to be made from sources other than assessments levied <br />pursuant to this part (Exhibit 2). <br />On August 24, 2011, the City Council modified the district boundaries to exclude territory from the <br />CMD. The Council also approved the Management District Plan and Engineer's Report to reflect <br />these boundary modifications. Downtown Inc. has recently submitted the 2011-12 annual report <br />for the Downtown Santa Ana Community Management District and revised corporate bylaws <br />(Exhibit 4). <br />Based on the current issues regarding City Council conflicts of interest, staff is recommending that <br />this action be continued until such time as there is a quorum of the City Council members eligible <br />to take action on the item. Only upon City Council action to authorize the Downtown Inc. annual <br />report/budget can the Downtown Community Management District special assessment data be <br />submitted to the Orange County Auditor-Controller by the August 10, 2012 deadline. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />a/Yl G?-c?it? <br />Nancy T. E rds <br />Interim Exec ive Director <br />Community Development Agency <br />NTE/kg <br />Exhibit: 1. Boundary Map <br />2. Budget <br />3. Assessment Formula <br />4. Corporate Bylaws <br />19D-2