BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT:
Title
Accept the Corrected Fiscal Year 2024-25 Safe, Clean Water and Natural Flood Protection Special Tax Summary Report and Adopt a Corrected Resolution Providing for Levy of the Special Tax Rates and Authorizing a Procedure for Correcting Special Tax Amounts for Fiscal Year 2024-2025.
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RECOMMENDATION:
Recommendation
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A. Accept the Corrected Fiscal Year 2024-25 Safe, Clean Water and Natural Flood Protection Special Tax Summary Report; and
B. Adopt the Resolution PROVIDING FOR CORRECTED LEVY OF THE SPECIAL TAX PURSUANT TO THE SAFE, CLEAN WATER AND NATURAL FLOOD PROTECTION MEASURE IN THE COMBINED FLOOD CONTROL ZONE OF THE SANTA CLARA VALLEY WATER DISTRICT AND AUTHORIZING A PROCEDURE FOR CORRECTING SPECIAL TAX AMOUNTS FOR FISCAL YEAR 2024-2025.
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SUMMARY:
On May 14, 2024, the Board adopted the staff recommended special tax rates for FY 2024-25 to pay for the cost of the Safe, Clean Water and Natural Flood Protection Program in the combined flood control zone of the Santa Clara Valley Water District (Valley Water).
In August 2024 it came to staff's attention that one special tax rate was incorrectly recommended due to an administrative error for land use category Group B: Land used for institutional purposes such as churches and schools or multiple dwellings in excess of four units, including apartment complexes, mobile home parks, recreational vehicle parks, condominiums and townhouses standard rate per acre, for parcels that are greater than 0.25 acres in size.
The proposed correction is shown below in yellow highlight. Note that the Group B minimum rate for parcels up to 0.25 acre, as well as the rate for condominiums and townhouses, do not need to be corrected.
Group A: Land used for commercial or industrial purposes: $626.59 per acre, $156.63 minimum for parcels up to 0.25 acre.
Group B: (1) apartment comp...
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