CC 2013-02-26_11.a. Feasibility PresentationFIVE CITIES FIRE AUTHORITY
SPECIAL FINANCING DISTRICT FEASIBILITY STUDY
By: Adina Light, Senior Consultant
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SPECIAL FINANCING DISTRICT
BUDGETARY NEED
Goals
Compliance with National Fire Protection Associations (NFPA) guidelines for initial response to a structure fire
Compliance with the Occupational Safety and Health Administration (OSHA) “2-in/2-out” requirements
Establish apparatus replacement program
Enhance dispatch capability
Personnel
Three Fire Engineers
Three Fire Fighters
Full-time Fire Prevention Officer (Battalion Chief)
Convert Part-Time Office Assistant to Full-Time
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SPECIAL FINANCING DISTRICT
FUNDING OPTIONS
Fire Benefit Assessment
Voting threshold is simple majority protest hearing 50% approval by property owners
Special benefit requirements
Can only pay for fire suppression related costs
Five Cities Fire Authority responds to more emergency medical services than fire incidents within jurisdiction
Not able to fund full budget requirements
Community Facilities District
Voting threshold is 2/3 approval by registered voters
No special benefit requirements
Can pay for all services provided by Five Cities Fire Authority
Able to fund full budget requirements
Can be a mailed ballot election
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SPECIAL FINANCING DISTRICT
PROPERTY DATA
Land Use Classifications
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REGISTERED VOTERS
SPECIAL FINANCING DISTRICT
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SPECIAL FINANCING DISTRICT
SPECIAL TAX RATE ANALYSIS
Scenario 1
The following scenario illustrates the breakdown of special taxes based on land use assuming a budget of $1.2 million annually. In summary, each Single Family Unit would pay $54.00 and
each Multi-Family Unit would pay $46.00.
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SPECIAL FINANCING DISTRICT
SPECIAL TAX RATE ANALYSIS
Scenario 2
The following scenario illustrates the breakdown of special taxes based on land use assuming a budget of $1.4 million annually. In summary, each Single Family Unit would pay $62.00 and
each Multi-Family Unit would pay $55.00.
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SPECIAL FINANCING DISTRICT
SUMMARY – NEXT STEPS
Determine funding mechanism and rate levels to present to Arroyo Grande, Grover Beach and Oceano CSD
Options:
Benefit Assessment District
Community Facilities District
Combination
Do Nothing
Community Outreach and Polling
Explore length of tax and CPI options
Formation of Special Financing District
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