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Home My WebLink AboutRESO 6768~:SRC:ce 03!23181 e ...... ~· RESOLUTION NO. f!Z6§ A RESOLUTION OF PRELIMINARY DETERMINATION AND OF INTENTION TO MAKE ACQUISITIONS AND IMPROVEMENTS CITY OF PALO AL TO University Avenue Parking District 250 University Avenue Parking Proiect Assessment District The City Council (the "Council") of the City of Palo Alto (the "City"), State of Catlfomla. does RESOLVE as follows: Section 1. Preliminary Determination. The City Council does hereby preUminarily determine that the public interest. convenience and necessity require, and that Jt intends to order the acquisition. maintenance and operation of the improvements generally described In Section 2. 8ectlon 2. Project Description. The proposed improvements are gerieratly described as follows: The acquisition of the upper parking level of a two-level underg."'Ound parking structure to be k>cated at 250 UnivEnity Avenue in Palo Atto, California, measurin; approximately 25.800 square feet in size, accommodating approximateiy 62 vehicles, together with ingress and egress ramps and facilities, bl.Imper strips, painting. lighting, signs, fire sprinkler&, passenger elevators. stairs. ventilation systems, IObby and stair enclosures and an work auxiliary thereto a:tnd necessary or convenient for completing them as publlc vehicle parking facilities in accordance with the standards of the City. Section 3. Nature and Location of and Grades for Improvements. AH of said lmprovemeng are to be constructed at the places and in the partieular locations, of the forms, me. dimenalons and material&, and to me unes and grades. and at the etevatiOne, aa shown and delineated upon the plans and specifications to be made therefor and flied In the office of the City Clerk of the City. to which reference wUI be made for a fuU and detailed deseription of said proposed work and for further particulars. leotlon 4. Supervlaion of City Engineer. All of said work and improvements snan be done under the supervision of the City Engineer, and all of said work and matenata aha.II be done and fumlshed to Ns satisfaction. l1otlon I. kc.ptloft of Certain Exlatlng WOl'tl. There is to be excepted from the work above d8ICfibed any of such work already done to the line and grade and marked or 8hown not to be done on said plans. profiles and specificationa. l•otlon I. Olftclal Grad••· The grades and eievatiOns to be at\own on the plana and proftl• and In the specifications for the Improvements are hereby adopted and ••bllehlld u the offldat gradeS therefor. All such grades and elevattonS are to be in feet and d8Cimd thereof with reference to the datum plane of the City. • .. Sectloli 7. Notice ot Changed Grade. Notice Is hereby given of the fact that in many cases said work and Improvements wiU bring the finished work to a grade different from that tonnerty existing. and that to said extent said grades are hereby changed and tt\at said 1Nort. wiU be done to said cttanged grades. 8eclton a. Aaamment Dlstrlct. The contemplated improvements. in the oplnitm of the City Council, are of local benefrt, and the costs end expenses thereof are heteby made charge.able upon an assessment district. which distric1 is declared to be the district v:lthin which the real property will be benefited by the acqursttions and improvements and tc be assessed to pay the costs and expenses thereof. the exterior botmdaries of which are those delineated on a map thereof entitled "Map of Proposed Bour.daries of Univer1lity Avenue Off-Street Parking Project No. 75-63 Assessment Di8trict·. a copy of which 18 on me In the office of the City Clerk, to which reference is made for a particular deSCriptiOn thereof. pul9Uant to Section 18.83.015(a)(1) of Chaoter 18.83 of Titte 18 ot the Palo Atto Munldpel Code (the •Code•). Said assenment district is hettinafter referred to as the ·Di8trict· or the ""Par1dng District" or the •Assessment Diatrtct". B•Cllon I. Pubffo PropertJ Eumpt. tt Is declared that an put>Hc streets. highw.aye encl othef public property within the As&essment Diltrict. whether or not ln use in the pertormance of a pubic .functior.. as shall be omitted from the annual assessment hereafter to be levted and colected. 8edon 10~ Ordlnlrice i'ormula. Annual speclld aaes&ments shaH be levied upon and colleCted from the eewrat percell of a1eeuable real property wttNn the °'8triGt in tne total amount ~ by the annual budget for the C*trlet in aOOOfdance wttta u..proYlalons relating tc the 11ordlnance tonnu1a• as set forth tn Section 13.16.;150 of Chilpter· 13.16 of Title 1$ of the Code. S.Clleft 11" ~ Cana. The total eatimated cost. induding tncidentaf expene-. ottheptopoaed ~tta 11u.sum of ·•f~ioo,ooo. llctlon u. lfllpr:lw........ ... Notice .. helebt given that bonda to bear inter81t at 1he rate Of not to exc:aad twelve percent (1K) per annum. wll be ll8IA8d h«euoder purauant to 80nd Pll!a G (Section 13.. 18. 150 of Cl\·apter 13.18 of Titte 13 of the Code), the ... lnltaltment of wNctl bondl 9hal mat&.n not to exceed thirty (30) years from ~ date. or *°' date aa 9hal be del8rmlned by the Counctl In the reeolutlon PfOVidlnO for their llluance. llclSon 13. Colectlftfl All.......... The total of each annual benefit ••met. deltennin9d in ·accordance with the fomUll ut forth kl Section 10. shall be levf9D and oalected on the tut 9QUalnd llllCUNd and ut11ty "* on which general Ctty tw are oal1cted. The levy -.. be In ac:tdltioit to al fJther taua Jeyfed for geMral Ctty purpGIH. end 8hal be levied. computed, entered llMI COii ct9d tooeU* wlh. and not eeparately from. ger.eral Qty taxea. and enforced tn the same mer•• llnd br tt.e eame pe1'110na Md at the ume time, end wtlh the aeme .,..,.._ and interelt, • are other ta• for City putp01e1. and an aawe applceble to the hwJ, colactton Md enfotoement of taxea for CitY · purpoee1 ant hereby made apploable to eakl epedal •• a11naent levy. and the a1ae118d real property, n IOld fort-. lhal be IUbjfld to redemption In the same manner • eUCb reat property la Ndeemed from the ull of general Qty tM8I Md If not redeemed ... Jn Ike ma&ir* pal8 to the~- -2- ' Section ·14. Additional Contrtbutlona. There It reserved to the Council the power to make annual or other contributions towarda the cost of said project or to the bond interest and redemption fund thereof, or to the funds for the administration. maintenance and operation of said parking f aeilltiel or :or any other purpose in anywise relating to said project and bonds. Section 15. Use of &urp«ua. If any excess &halt be realized In the fund established for the payment of debt service on the bonds. It shall be used for maintenance of District facilitk s. Section 19. Ne Private Contract. In the opinion of the City Council, the public Interest will not be served by allowing the property owners to take the contract for the construction of the improvements and that. pursuant to Section 10502.4 of the Streets and Highways Code. no notice of award ot contract Shaff be published. Section 17. Engineer's R..,ort. Said acqut&ttk>ns and improvements are hereby referred to the Director of Public Works, he being the c.1flcer having charge and controt of the pub4ic improY8ments for the City of the ktnd described herein. and she is hereby directed to make and file with the City Clerk a report In writing, presenting the foffowing: (A) General plans and specifications of the l)rOf)Ol8d improvements to be made pursuant to this resokrtion; (8) Eng;neers estimate of the total C08t8 and ~ of Ukt acquisitions and improvements and of the incidental expenses in connectk>n therewith; and (C) A map of the assessment district showing tts exterior boundaries and the boundaries of the respective subdivisions m land within 88ld D6atrtct as the same existed at the tfme ·of the passage of this resolution. each of which IUbdMslon8 shaU bear its assessment number and aaaeasor's parcel number. The Report Shall contain or be supplemented bi/ a preliminary annual estimated report for the fir9t fiscal year In form substantially as provided for In the Code. which 8haM contain a map or plat snowing the parcels to be a11111aed and an estimated assessment against each parcel for the first fiscal year based upon the application of the formula set forth in Section 10 of this resolutlon. Section 18. The Reaerve Fund. ft is the intention of the Council t~ COftlider the creation of a special reserve fund. to be funded from the proceeds of the Bonds. provid$ apecial security for the Bonds in the event of default. Section 19 •. Contact Contact Mr. David Matson of the Ctty of Palo Alto, 250 Ham&lton Avenue. Palo Alto. CeiifOf'Na. ~ number (415) 329-22' 6 • regarding the protest proceedings. 8ectlon 20. AuthorttJ for Reaolutlon. Thf8 reeolution II adopted purauant to Section 19 of Article 18 of the Constitution of the State ('f Cellfomla and Sections 13.12.010. 13.12.040. and 13.12.050 of Chapter 13.12 of Title 13 of the Code. and bond& are proposed to be ia8ued pursuant to Bond Plan G. commencing with Section 13.18.150 of CMpter 13.16 of Titie 13 of the Code . • • • * ....... .. -3- • THE FOREGOING RESOLUTIO,. was. duly and regularty adopted at a regular meeting of the Council of the City of Palo Alto held on the . 10 day of April , 1989, by the following vote: AYES: Bechtel, Cobb, :'letcher, K.leit., Levy, Patitucci, Reniel, Sutoriua, Woolley NOES: None ABSTENTIONS: None ABSENT: None ATTEST: APPROVED: APPROVED AS TO FORM: JONES HALL HILL & WHITE, A Profesm~:?/?on By:?;_:~ ·Stej)hen A ...... ...,...c-a'"'"sa-leg_g.....,.io-,.....,.Vi~tce-~Pf'-e51-.,....· d_en_t_ Bond Counsel APPROVED: c Sr. Assistant City Attorney -4-