Discussion and possible action to adopt ORD. 2023-11 and ORD. 2023-12 approving the Street Light and Maintenance Improvement District Levies for Fiscal Year 2024 and declaring an emergency.

The Council will consider a motion to adopt an ordinance for 298 Street Light Improvement Districts located in the City.  A second action is requested to consider adoption of an ordinance for the 11 Maintenance Improvement Districts located in the City.  These ordinances approve levies for each active street light district and active maintenance improvement district in the City.

A schedule of proposed tax revenues for the Maintenance and Street Light Improvement Districts within the City is attached. Staff has used calculations based on the percent of build out completed for the various subdivisions in calculating the proposed tax levies.

Staff recommends that the Mayor and Council approve the ordinances adopting the Street Light and Maintenance Improvement District Levies for FY2024.

The Street Light Improvement District levy is expected to generate $1,112,609 and the Maintenance Improvement District levy is expected to generate $99,947 in the next fiscal year.