92-1 - Laserfiche WebLink

Browse Search

vY WILLDAN C. CONTRIBUTIONS The park area and the facilities within this District were installed as a condition of developing the properties within the District and are maintained and operated for the benefit of those properties. It has been determined that each and every assessed parcel within the District receives a particular and special benefit from the improvements over and above any general benefit that may be conferred by the improvements to the public at large or to other properties outside the District. However, recognizing that this park site also provides some benefit to properties outside the District boundaries, part of the improvement costs have been identified as general benefit and are not assessed as special benefit. The Conejo Recreation and Park District will provide a contribution to the District expenses for that portion identified as general benefit. Likewise, the agency may at their discretion, provide an additional contribution to the District expenses utilizing a portion of the Ad Valorem revenues associated with properties within the District. The Ad Valorem revenue contribution represents the amount of general fund monies the Conejo Recreation and Parks District anticipates it will contribute toward the District's expenses for fiscal year 2019/2020. This contribution is adjusted annually based on a portion of the Ad Valorem tax revenues the agency receives from properties within the District. The total Ad Valorem revenue from the District is calculated each year using property tax roll information available from the Ventura County Assessor's Office at the time this Report is prepared. At the Board's discretion, a percentage of this revenue (up to 50%) is allocated to the District to reduce the annual assessments. 2019/2020 Landscape Maintenance District No. 92-1 Page 8 of 19