2.H 20-76 Adoption of a Resolution of Intention for Parking Maintenance District No. 122 - Franklin Square [Council Pillar: Deliver and Enhance Quality Efficient Services and Infrastructure]
The total cost of maintaining Franklin Square is $ 155,571.00. The owners of property at Franklin Square are contributing only $14,200.00 meaning the rest is coming from the general fund. The assessment on property owners is only between 15 and 30 cents per square foot PER YEAR. That seems to be an overly subsidized rate. Santa Clara budgets were running a deficit before COVID and now cost recovery and balancing budgets is ever more critical.
The total cost of maintaining Franklin Square is $ 155,571.00. The owners of property at Franklin Square are contributing only $14,200.00 meaning the rest is coming from the general fund. The assessment on property owners is only between 15 and 30 cents per square foot PER YEAR. That seems to be an overly subsidized rate. Santa Clara budgets were running a deficit before COVID and now cost recovery and balancing budgets is ever more critical.