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NOW, THEREFORE, BE IT RESOLVED, by the Board of the Conejo Recreation and Park
<br />District, (the "Board"), State of California, that it is the intention of this Board to continue
<br />and to collect assessments within the District for fiscal year 2021-22. It is proposed that
<br />Park Maintenance and Recreation Improvement District undertake the following
<br />improvements: installation, maintenance and servicing of public facilities, including but
<br />not limited to, playing fields, playground equipment, hard court surfaces, irrigation and
<br />sprinkler systems, landscaping, turf and track facilities, gymnasiums, swimming pools,
<br />landscaping, sprinkler systems, park grounds, park facilities, landscape corridors, and
<br />trails, as applicable, for property owned or maintained by the Conejo Recreation and Park
<br />District. Maintenance means the furnishing of services and materials for the ordinary and
<br />usual maintenance, operation and servicing of said improvements, including repair,
<br />removal, or replacement of all or part of any improvement; providing for the life, growth,
<br />health and beauty of landscaping; and cleaning, sandblasting and painting of walls and
<br />other improvements to remove or cover graffiti. Servicing means the furnishing of electric
<br />current or energy for the operation or lighting of any improvements, and water for irrigation
<br />of any landscaping or the maintenance of any other improvements.
<br />BE IT FURTHER RESOLVED that the assessment is subject to an annual adjustment
<br />tied to the Consumer Price Index -U for the Los Angeles Area as of December of each
<br />succeeding year (the "CPI"), with a maximum annual adjustment not to exceed 3%. Any
<br />change in the CPI in excess of 3% shall be cumulatively reserved as the "Unused CPI"
<br />and shall be used to increase the maximum authorized assessment rate in years in which
<br />the CPI is less than 3%. The maximum authorized assessment rate is equal to the
<br />maximum assessment rate in the first fiscal year the assessment was levied adjusted
<br />annually by the minimum of 1) 3% or 2) the change in the CPI plus any Unused CPI as
<br />described above.
<br />The change in the CPI from December 2019 to December 2020 was 1.45% and the
<br />Unused CPI balance is 0.80%. Therefore, the maximum authorized assessment rate for
<br />fiscal year 2021-22 is increased by 2.25% which equates to $40.30 per single family
<br />equivalent benefit unit. The estimate of cost and budget in the Engineer's Report
<br />proposes assessments for fiscal year 2021-22 at the rate of $40.30, which is the
<br />maximum authorized assessment rate.
<br />BE IT FURTHER RESOLVED, by the Governing Board of the Conejo Recreation and
<br />Park District that a Public Hearing shall be held on June 3, 2021 at 6:00 p.m. to consider
<br />the ordering of the improvements and the continuation of the assessments at the Conejo
<br />Recreation and Park District Office Board Room located at 403 W. Hillcrest Drive,
<br />Thousand Oaks, California. Prior to the conclusion of the hearing, any interested person
<br />may file a written protest with the Board, or, having previously filed a protest, may file a
<br />written withdrawal of that protest. A written protest shall state all grounds of objection. A
<br />protest by a property owner shall contain a description sufficient to identify the property
<br />owned by such owner. Such protest or withdrawal of protest should be mailed to Conejo
<br />Recreation and Park District, 403 W. Hillcrest Drive, Thousand Oaks, CA 91360. Notice
<br />of the hearing to be given by publishing a copy of this resolution once, at least ten (10)
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