City Council

2.b Public Hearing to Provide for the Annual Levy of Assessment for the City of Placentia Street\nLighting District 81-1 for Fiscal Year 2025-26\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. Open the Public Hearing concerning the levy and collection of assessments within the\nPlacentia Street Lighting District 81-1; and\n2. Receive the Staff Report, consider all public testimony, ask questions of Staff; and\n3. Close the Public Hearing; and\n4. Adopt Resolution No. R-2025-31, a Resolution of City Council of the City of Placentia,\nCalifornia, approving Engineer’s Report, confirming diagram and assessment, and\nordering levy of continued assessments for Fiscal Year 2025-26 for Placentia Street\nLighting District No. 81-1.