City Council

1.c Resolution Relating to Fiscal Year 2025-26 Levy of Assessments to the City of Placentia\nStreet Lighting District No. 81-1 and Setting a Public Hearing for June 17, 2025 at 7:00 P.M.\nFiscal Impact:\nSLD No. 81-1 has estimated expenditures of $197,245 for FY 2025-26. The proposed\nassessment for FY 2025-26 will generate approximately $136,245 in revenue leaving a\nnegative balance of $61,000, which is backfilled by the City’s General Fund. SLD 81-1 has\noperated at a deficit for numerous years because of the limited ability to increase\nassessment rates to relieve the annual General Fund contribution to the District.\nRecommended Action: It is recommended that the City Council take the following actions:\n1. Adopt Resolution R-2025-17, a Resolution of the City Council of the City of Placentia,\nCalifornia, directing the preparation of the Engineer’s Report for Fiscal Year 2025-26\nfor the continuation of the annual assessments for Street Lighting District No. 81-1;\nand\n2. Adopt Resolution R-2025-18, a Resolution of the City Council of the City of Placentia,\nCalifornia, declaring its intention to provide for an annual levy and collection of\nassessments for certain maintenance within an existing district, pursuant to the\nprovisions of Division 15, Part 2, of the California Streets and Highways Code and\nsetting a time and place for public hearing thereon.