HARDSHIP FUND - LOMA DRIVE  
UTILITY UNDERGROUNDING ASSESSMENT DISTRICT

Recommendation:

That the City Council authorize setting up a fund to receive contributions from donors to provide financial assistance to property owners in the Loma Drive area.

Background:

During the Public Hearings on the assessments for the Loma Drive and Myrtle Avenue Utility Undergrounding projects, one of the residents suggested that a fund be set up to provide assistance for those who were unable to pay the assessment. In order to receive donations, a separate fund needs to be set up for each district. Assuming that donations are received for this purpose, they could be distributed each year to cover the assessment charges that will appear on the property tax bill. The determination of need can be developed later, after we know the amount of the donations. Staff is in the process of checking with other cities to come up with a needs test that can be applied here.

Authorization to set up a fund for the Myrtle Avenue area was approved at your meeting of August 10, 1999.

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