| | | | | | | | CITY OF PEORIA, ARIZONA
COUNCIL COMMUNICATION | Agenda Item: 8C. |
| Date Prepared: 6/3/2025 | Council Meeting Date: 6/17/2025 |
|
| | | | | | | | | TO: | Mike Faust, City Manager
|
|
| | | | | | | | THROUGH:
| Kevin Burke, Deputy City Manager |
|
| | | | | | | | | FROM:
| Sean Kindell, Chief Financial Officer
|
|
| | | | | | | | SUBJECT:
| Fiscal Year 2026 Street Light Improvement District/Maintenance Improvement District Levies |
|
| | | | | | | | Purpose:
Discussion and possible action to adopt ORD. 2025-17 and ORD. 2025-18 approving the Street Light and Maintenance Improvement District Levies for Fiscal Year 2026 and declaring an emergency. |
| | | | | | | | Summary:
The Council will consider a motion to adopt an ordinance for 307 Street Light Improvement Districts located in the City. A second action is requested to consider adoption 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 Recommendation:
Staff recommends that the Mayor and Council approve the ordinances adopting the Street Light and Maintenance Improvement District Levies for FY2026. |
| | | | | | | | Fiscal Analysis:
The Street Light Improvement District levy is expected to generate $1,261,488 and the Maintenance Improvement District levy is expected to generate $87,012 in the next fiscal year. |
| | | | | | | | Contact Name and Number:
Sean Kindell, Chief Financial Officer, 623-773-7819 |
|