HomeMy WebLinkAboutStaff Report 274-09TO: HONORABLE CITY COUNCIL
FROM: CITY MANAGER DEPARTMENT: PUBLIC WORKS
DATE: JUNE 8, 2009 CMR:274:09
REPORT TYPE: PUBLIC HEARING
SUBJECT: Assessment for California Avenue Area Parking Bonds -Plan G: Fiscal Year
2010; Adoption of a Resolution Confirming Engineers' Report and Assessment
Roll, California Avenue Parking Project No. 92-13 (For Fiscal Year 2009-2010)
EXECUTIVE SUMMARY
Staff is required to recalculate the parking assessments for the California Avenue parking assessment
district each year based on building square footage, parking required and parking provided. Each
property owner is sent the new assessments each Spring and Council conducts a public hearing each
June to allow those owners to question the assessments.
RECOMMENDATION
Staff recommends that Council adopt the attached resolution (Attachment A) confirming the
Engineer's Report and Assessment Roll for California Avenue District, Parking Project No. 92-13.
BACKGROUND
By virtue of the prior establishment ofthe assessment district and issuance of debt, Council action is
required to levy annual assessments for the active parking project in the California Avenue area.
These assessments will be utilized for the payment of principal and interest on bonds for capital
improvements pursuant to the attached resolution. These funds are separate and distinct from permit
fees that are used to pay for operation and maintenance of parking facilities.
The active project is listed and described as follows:
1. California Avenue District, Ted Thompson Parking Structure, Proj ect 92-13: Construction of a
two-level parking structure on Cambridge Avenue between Birch Street and Nogal Lane.
Parking bonds issued under Bond PlanO (Section 13.16.150, Palo Alto Municipal Code) require that
a public hearing be held annually (the second Monday in June) on the assessments, which must be
levied to pay principal and interest on the bonds. The purpose of the public hearing is to allow each
property owner within the District the opportunity to question the computation ofhislher assessment
and the elements which comprise it. These elements include the square footage of each occupied
building, the off-street parking requirements for the usage, and the off-street parking provided.
Assessments are levied on the basis of building square footage, with a credit given for the off-street
CMR:274:09 Page 1 on
parking provided by the property owner. Additional details about the Parking Assessment District-
Plan G bond capital improvement program project can be found in Attachment B.
DISCUSSION
The assessment rates for FY 2009-10 (Attachment C) per square foot of adjusted building area and
the amount levied for the project is:
PROJECT
1. California Avenue District, Ted Thompson
Parking Structure, Proj ect 92-13
*Rate per weighted assessment factor.
* * Rate per land square footage.
ASSESSMENT RATE PER
ADJUSTED BUILDING
SQUARE FOOTAGE
$9.48*
$ 0.054**
Total:
DOLLARS
LEVIED
$111,442.73
$ 37,147.63
$148,590.36
(A complete copy ofthe Fiscal year 2010 Assessment Roll is available for review at the City Clerk's
office.)
Approximately $341,000 in excess construction funds in the California Avenue District bond fund
for the Ted Thompson parking garage, Project 92-13, was used to reduce the tax roll required to pay
off the bonds sold to finance the project. To equalize assessments, the funds were spread uniformly
over the duration of the bond"s(20 years) beginning with the 1996 assessments. ""
Attachment D lists changes made to the assessment rolls. The estimated assessments were sent to
the owners of 148 parcels within the California Avenue district on March 25,2009. Assessments
were modified due to recent changes in business site conditions (square footage, vacancy, etc.),
which were brought to staffs attention by property owners since the estim~ted assessments were
prepared.
Because the hearing itself is the legally prescribed process by which questions about the basis of
assessment and the property owners' individual circumstances may be heard, it may be necessary to
have a second addendum available at the Council meeting that reflects changes brought to staffs
attention since the Council packet was delivered. The public hearing for the assessment district may
need to be continued if last minute information brought forward by property owners cannot be
verified and included in the amended rolls prior to the hearing.
RESOURCE IMPACT
The Ted Thompson parking structure project is funded by the assessment district and no City
General Fund monies are involved. Although assessments are generally subject to Proposition 218,
this particular assessment is exempt from Proposition 218 since all of the assessment proceeds are
pledged to repay bond indebtedness issued prior to the enactment of Proposition 218.
Parking district maintenance costs, including sweeping, landscaping, signing and lighting are paid for
by parking permit fees, which were last increased in 2005 in the California Avenue Parking District.
These are separate from the funds used to pay for construction of the parking garage.
CMR:274:09 Page 2 of3
Staff time expended to administer the District is covered through the assessments.
POLICY IMPLICATIONS
Approval ofthis action does not represent any change to existing City policies.
TIMELINE
The assessments will be sent to the Santa Clara County Tax Collector in July 2009 and will appear
on the October 2009 property tax bills.
ENVIRONMENTAL ASSESSMENT
Approval of assessments is exempt by from the California Environmental Quality Act (CEQA).
ATTACHMENTS
Attachment A: Resolution (1)
Attachment B: Capital Improvement Program Project
Attachment C: California Avenue Assessment Rates
Attachment D: California Avenue District Amendments
PREPARED BY:
DEPARTMENT HEAD:
7lng]ct. E8J ..... __ ~_
CITY MANAGER APPROVAL:
GLENN S. ROBERTS
Director of Public Works
JAMES KEENE
City Manager
cc: California Avenue Area Development Association
Chamber of Commerce
CMR:274:09 Page 3 of3
ATTACHMENT A
NOT YET APPROVED
Resolution No. ----
Resolution of the Council of the City of Palo Alto
Confirming Engineer's Report and Assessment Roll
California Avenue Parking Project No. 92-13
(For Fiscal Year 2010)
THE COUNCIL OF THE CITY OF PALO ALTO DOES RESOLVE as follows:
Section 1: After proceedings conducted pursuant to the Palo Alto Municipal Code, a public
hearing has been duly held on the Engineer's Report and assessment roll prepared for the above fiscal
year to pay the principal and interest on bonds issued pursuant to Resolution of Intention No. 7930,
adopted by the Council of the City of Palo Alto on August 9, 1993;
Section 2: This Council has heard all persons having an interest in any real property within the
parking assessment district; has heard all objections, protests, or other written communications from any
persons interested in the real property within the district; has taken and received oral and documentary
evidence pertaining to the matters contained in the report; and has remedied and corrected any errors or
informalities in the report and revised and corrected any of the acts or determinations of the various City
officials as contained therein;
Section 3: The Engineer's Report and assessment roll, and each of the assessments therein as
fully revised and corrected, is hereby approved and confirmed.
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II
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090603 jb 0130483
Section 4: The report together with the certificate of the City Clerk as to the fact and date of
approval by this Council, shall forthwith be delivered to the County of Santa Clara, and the proper County
officer shall cause to be posted to the tax rolls, in the column provided therefore the amount of each of the
assessments proposed to be levied and collected for the fiscal year as set forth in the report as confirmed.
INTRODUCED AND PASSED:
AYES:
NOES:
ABSENT:
ABSTENTIONS:
ATTEST:
City Clerk
APPROVED AS TO FORM:
Jones Hall,
A Professional Law Corporation
By .\--¥1bHJ~+="---+\---'--------
-2-
APPROVED:
Mayor
City Manager
Director of Public Works
Director of
Administrative Services
Senior Asst. City Attorney
BOND ISSUE
California Avenue
Project 92-13
(Ted Thompson
Garage)
CAPITAL IMPROVEMENT PROJECT
FINANCED BY ASSESSMENT PROCEDURES USING G-BONDS
CALIFORNIA AVENUE AREA
AMOUNT OF PURPOSE OF ISSUE DATE ISSUED
BOND ISSUE
$2,055,000 Construction of a future two level parking structure on lot C-3 and the 11/93
two parcels acquired by project 86-01.
DATE OF
MATURITY
09/02/2015
INTEREST
RATE
3.4% -5.4%
~ ~ ~ ~ ~ Z ~ =
-,
CALIFORNIA AVENUE AREA PARKING DISTRICT
ANNUAL ASSESSMENT RATES
Project 92-13
LAND ASSESSMENT
w (!)
~ 0 0 u... O.OB -w (() 10 ~ t") I' (J) « 0 (() 00 00 0 0
:::::> (() 0 <0 <0 --0 d 10 10 0 0 ~ 0 d N ,..... N t") 0 0 d 10 (fJ 10 10 10 10 10 0 d 0 0 Cl 0.06 q q q 0 q d z 0 0 ::s 0 0 0
w ~ 0.04 _.
I-Z w ::i: (fJ (fJ 0.02 w (fJ
(fJ « ~_I I I I I I I L I
.1M .i2 .iii .lU .iii .i.!! .lllJ .Q1 ..Q2 ~ .!l4 !If! .ll2 SJ1 .Il.8 .Qa
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10
YEAR
BUILDING ASSESSMENT
0::: ~ I' ~ 13.0 I' "?
!z f1
w 12.0 N (J) (J) :2!' 10 I' <0 en ,..... 00 d en 0 0 0 0 w 11.0 en d d en t") 00 « N I' I' 10 ~ 0 10.0 t") "! w (J) (J) ~ (J) (J) (J) (J)
(,9 9.0 iIi s: -~ B.O
!z 7.0 w :2!' en 6.0 en w en en « --.1M .lU .iii .i.!! !If! .Qa
95 98 99 00 06 10
AB13B-2009
Page 1 of 1
L
ATTACHMENTD
CALIFORNIA A VENUE DISTRICT AMENDMENTS
PRELIMINARY ROLL
Address, Parking Parking Assessments
Parcel· Number Feet Reqd. Prov 92-13 86-01
No amendments
AMENDED ROLL
Address, Use Square Parking Parking Assessments
Parcel Number Feet Reqd. Prov 92-13 86-01
No amendments