Council to take action on Resolution No. 16-25 approving the Tentative Budgets for the attached Street Lighting Improvement Districts (SLIDs) for Fiscal Year 2025-2026, beginning July 1, 2025, and end
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4.Q CITY OF BUCKEYE Regular Council Meeting COUNCIL ACTION REPORT MEETING DATE: 05/20/25 AGENDA ITEM: 4.Q. FIN - Resolution No. 16-25 Approving Street Lighting Improvement District Tentative Budgets for Fiscal Year 2025-2026 DATE PREPARED: 05/15/25 DISTRICT NO.: STAFF LIAISON: Larry Price, Special Districts Manager, lprice@buckeyeaz.gov, (623) 349-6164 DEPARTMENT: Financial Services AGENDA ITEM TYPE: Consent Agenda Items / New Business ACTION/MOTION: (This language identifies the formal motion to be made by the Council) Council to take action on Resolution No. 16-25 approving the Tentative Budgets for the attached Street Lighting Improvement Districts (SLIDs) for Fiscal Year 2025-2026, beginning July 1, 2025, and ending June 30, 2026, and setting a hearing date for the budgets and establishing the annual assessment. SUMMARY PROJECT DESCRIPTION: Street Lighting Improvement Districts (SLIDs) are established with the approval of the City Council. The Council serves as the Governing Board of the SLID and the City administers the operations of the SLID which are for the purpose of operating and maintaining street lighting located with the SLID. By Arizona law, SLIDs cannot incur debt. The assessment is imposed on each property within the District and is collected through the Maricopa County property tax system. The projected amount for revenues and expenditures, for all SLIDs, is $565,700 for Fiscal Year 2025-2026. BENEFITS: The establishment and operation of SLIDs contributes to community safety by ensuring that streets are well lighted, and that power supplied by the electric utility is paid for by the residents benefitting from the street lighting adjacent to their home and neighborhood. FUTURE ACTION: Council action to conduct a public hearing and to adopt a final budget resolution, scheduled for June 3, 2025. Council action to adopt an annual assessment ordinance scheduled for June 17, 2025. FINANCIAL IMPACT STATEMENT: Revenues will come from property tax proceeds semi-annually. BUDGETED: Yes FISCAL YEAR: 2025-2026 FUND/DEPARTMENT: 3150 Items related to a project or facility location must include an attached vicinity map for Council Review. ATTACHMENTS: Resolution No. 16-25.pdf