RECOMMENDATION TO COUNCIL
Staff recommends City Council accept the following informational reports prepared for the 2021-22 levy year to be filed with the City Clerk. No other action is required.
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BACKGROUND
Senate Bill 165 (SB 165) enacted the Local Agency Special Tax and Bond Accountability Act (the "Act"). The Act requires that any local special tax/local bond measure subject to voter approval contain a statement indicating the specific purposes of the special tax, that the proceeds of the special tax be applied to those purposes, the creation of an account into which the proceeds shall be deposited, and an annual report containing specified information concerning the use of the proceeds. The Act only applies to bonds issued on or after January 1, 2001, in accordance with Sections 50075.1 and 53410 of the California Government Code. The filing of the attached SB 165 reports for FY2021-22 fulfills the requirements of Government Code Sections 50075.3 and 53411.
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FISCAL IMPACT
There is no fiscal impact to the City's General Fund.
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ENVIRONMENTAL REVIEW
The California Environmental Quality Act (CEQA) does not apply to activities that will not result in a direct or reasonably foreseeable indirect physical change in the environment, or is otherwise not considered a project as defined by CEQA Statute §21065 and CEQA State Guidelines §15060(c)(3) and §15378. The Local Agency Special Tax and Bond Accountability Act Reports meet the above criteria and are not subject to CEQA. No additional environmental review is required.
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CITY COUNCIL STRATEGIC PLAN/OVERARCHING GOALS
Goal A - Remain fiscally responsible in a changing world
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Respectfully Submitted,
Jeannine Thrash, Management Analyst
Dennis Kauffman, Assistant City Manager/Chief Financial Officer |
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Dominick Casey, City Manager
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