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CC - CONSENT ITEM: (1) FOUR-FIFTHS VOTE REQUIREMENT: Ratification of a Transfer of $426,395 from Special Assessment District Fund (Fund 425) to the General Fund (Fund 101) for Special Assessment District-Related Maintenance Expenses; and (2) FOUR-FIFTHS VOTE REQUIREMENT: Ratification of a Transfer of $352,101.45 from Special Assessment District Fund (Fund 425) to the General Fund (Fund 101) to Reclassify Business License Tax Revenue Received in Fiscal Year 2022-2023.
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Meeting Date: June 9, 2025
Contact Person/Dept: Elizabeth Shavelson / Finance Department
Phone Number: (310) 253-5865
Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []
Attachments: Yes [] No [X]
Public Notification: (E-Mail) Meetings and Agendas - City Council (06/05/2025)
Department Approval: Lisa Soghor, Chief Financial Officer (06/02/2025)
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RECOMMENDATION
Staff recommends the City Council: (1) ratify a transfer of $426,395 from Special Assessment District Fund (Fund 425) to the General Fund (Fund 101) for special assessment district-related maintenance expenses (requires a four-fifths vote); and (2) ratify a transfer of $352,101.45 from Special Assessment District Fund (Fund 425) to the General Fund (Fund 101) to reclassify business license tax revenue received in Fiscal Year 2022-2023 (requires a four-fifths vote).
BACKGROUND
A special assessment is a compulsory levy imposed on certain properties to defray part, or all, of the cost of a specific improvement or service deemed to primarily benefit those properties. Special assessment districts are formed by vote of property owners within a defined benefit area. The City currently administers five Special Assessment Districts on behalf of property owners including W. Washington Landscape Maintenance District #1, W. Washington Landscape Maintenance District #2, W. Washington Landscape Maintenance District #3, Landsca...
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