Adoption of a Resolution Initiating Proceedings for the Levy and Collection of Annual Assessments for the Albright Avenue Streetlight Assessment District and Ordering the Preparation of the Engineer s Report Thereon for Fiscal Year 2012/2013. City of Culver City California Agenda Item Report Item Number: C 5 Meeting Date: 05/14/2012 CITY COUNCIL AGENDA ITEM: Adoption of a Resolution Initiating Proceedings for the Levy and Collection of Annual Assessments for the Albright Avenue Streetlight Assessment District and Ordering the Preparation of the Engineer s Report Thereon for Fiscal Year 2012/2013 Contact Person/Dept.: Mate Gaspar/PW Fiscal Impact: Yes No X Public Hearing: Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Agenda and Meetings City Council (05/10/2012); Department Approval: Charles D. Herbertson (05/08/12) Chief Financial Officer Approval: Jeff Muir (by M. Noller) (05/09/12) City Attorney Approval: Carol Schwab (by H. Baker) (05/09/12) City Manager Approval: John M. Nachbar (05/10/12) Phone Number: 310 253 5602 General Fund: Yes No X Attachments: X Action Item: RECOMMENDATION: Staff recommends the City Council adopt a resolution initiating proceedings for the levy and collection of annual assessments for the Albright Avenue Streetlight Assessment District and ordering the preparation of the Engineer s Report thereon for Fiscal Year 2012/2013. BACKGROUND/DISCUSSION: The property owners requested that the City finance the construction of five (5) new streetlights on Albright Avenue south of Washington Place. The City s policy is to require property owners to pay for the installation of new street lights requested by the property owners. In order to do this the City collects the cost including an interest payment through an assessment on the Los Angeles County property tax bills for the benefiting properties. In this case the assessment is being collected over a period of ten (10) years which commenced with the tax bi...
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