1. Park Enhancement District Presentation
City of Claremont
Proposed
Park Enhancement District Presentation
April 11, 2006

2. Purpose of Park Enhancement District
Acquisition
Park Land (Passive or Active)
Wilderness Parkland
Easements/Right-of-ways
Capital Expenditures
Expansions
Enhancement
Renovations/Rehabilitation
Facilities

3. District Will Fund Debt Service Capital Expenditures Administration
Rehabilitation and Reconstruction Projects

4. General and Special Benefit
General Benefit
Regular Maintenance of the City’s Park & Recreational System
General Fund
LLD No. 1
Special Benefit
Enhancement & Expansion of the City’s Park & Recreational System

5. Special Benefits of Enhancement
Enhanced sense of pride within the community
Heightened business opportunities
The esthetic value of green space and recreation areas in the urban environment
Increased social opportunities
The enhanced desirability of the property
Expanded educational and recreational opportunities afforded by preservation of natural wilderness parkland habitat

6. Assessment Methodology
Weighted Equivalent Benefit Unit (EBU) Methodology (Similar to the current LLD)
Single Family Residential Parcel = 1 EBU
One EBU = Approximately $100
EBUs for other Property Types Equated to Single Family Residential Parcel

7. Equivalent Benefit Units

8. Equivalent Benefit Units

9. Priority of Assessments
Debt Service
Cost of Administration
Capital Expenditures & Rehabilitation Projects
Priority established by City

10. Estimated Assessments
Total Estimated EBUs ,737.62
Estimated Bond Issue $11,250,000
5 Year Non-Bonded Revenue $2,061,510
Annual Levy
Estimated Max Debt Service $961,460
Estimated Incidental Costs $25,000
Non-Bonded Improvement Collection $387,302
Total $1,373,762

11. Formation Process Draft Engineer’s Report Intent Meeting
Mail Notices and Ballots 45 day prior to Public Hearing
Public Hearing
Tabulate Ballots
Ballots weighted by assessment amount
Simple Majority
City Council approves the District formation & levy of assessments

12. Questions
and
Answers