HomeMy WebLinkAboutStaff Report 259-08TO:
FROM:
DATE:
SUBJECT:
City of Palo Alto
Rep r
HONORABLE CITY COUNCIL
CITY MANAGER
JUNE 9, 2008
/BUDGET I
DEPARTMENT:PUBLIC WORKS
CMR:259:08
12
PUBLIC HEARING - ASSESSMENT FOR CALIFORNIA AVENUE AREA
PARKING BONDS - PLAN G: FISCAL YEAR 2008-2009; ADOPTION OF A
RESOLUTION CONFIRMING ENGINEER’S REPORT AND ASSESSMENT
ROLL, CALIFORNIA AVENUE PARKING PROJECT NO. 92-13 ~OR
FISCAL YEAR 2008-2009
RECOMMENDATION
Staff recommends that Council adopt the attached resolution (Attachment A) confilxaing the
Engineer’s Report and Assessment Roll for California Avenue District, Project No. 92-13.
BACKGROUND
By virtue of the prior establishment of the assessment district and issuance of debt, Council action is
required to levy 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 pelanit
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. Project 92-13: Construction of a
two-level parking structure on Cambridge Avenue between Birch Street and Nogal Lane.
Parking bonds issued under Bond Plan G (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 the opportunity to question the computation of his/her assessment and the elements
which comprise it, that is, 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 parking provided by the property
owner. Additional details about the Parking Assessment District-Plan G bond capital improvement
pro~am projects can be found in Attachment B.
DISCUSSION
The assessment rates for FY 2008-09 (Attachment C) per square foot of adjusted building area and
the amount levied for the project are:
CMR:259:08 Page 1 of 3
PROJECT
California Avenue District, Ted Thompson
Parking Structure, Project 92-13
*Rate per weighted assessment factor.
**Rate per land square footage.
ASSESSMENT RATE PER
ADJUSTED BUILDING
SQUARE FOOTAGE
$10.69"
$ 0.060**
Total:
DOLLARS
LEVIED
$123,497.76
$ 41.165.98
$164,663.74
Approximately $341,000 in excess construction funds in the Califol~a 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 bonds (20 years) beginning with the 1996 assessments.
Attachment D lists changes made to the assessment rolls. The estimated assessments were sent to
property ov~mers within the California Avenue district on May 7, 2008. 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 estimated 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 staff’s
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 projects is funded by the assessment district and no City General Fund monies are involved.
Although assessments are generally subject to Proposition 218, these particular assessments are
exempt from Proposition 218 since al! of the assessment proceeds are pledged to repay bond
indebtedness issued prior to 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.
POLICY IMPLICATIONS
Approva! of this 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 and will appear on the
October property tax bills.
CMR:259:08 Page 2 of 3
ENVIRONMENTAL ASSESSMENT
Approval of assessments is exempt by from the California Environmenta! 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:
MIkE NAFZI~GE~i
Project Engineer
GLENN S. ROBERTS
Director of Public
CITY MANAGER APPROVAL:
KELLY MORAtgd~EMSLIE
Deputy City Managers
cc:California Avenue Area Development Association
Chamber of Commerce
CMR:259:08 Page 3 of 3
NOT YET APPROVED
ATTACHMENT A~
RESOLUTION NO.
RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO
CONFIRS~NG ENGINEER’S REPORT AND ASSESSMENT ROLL
CALIFORNqA AVENqSE PARKING PROJECT NO. 92-13
(For Fiscal Year 2008-2009)
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 Counci! 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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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:
AB SENT:
ABSTENTIONS:
ATTEST:APPROVED:
City Clerk Mayor
APPROVED AS TO FORM:
Jones Hall,
A Law Corporation
By:
City Manager
Director of Public Works
Director of
Administrative Services
Senior Asst. City Attorney
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ATTACHMENT B
ATTACHMENT C
CALIFORNIA AVENUE AREA PARKING DISTRICT
ANNUAL ASSESSMENT RATES
Project 92-13
LLJ
w 0.08
~ 0.06z
_.J
r~ 0.04
z
w 0.02
LAND ASSESSMENT
94-9____~59.__~69__.Z798 99 00 01 02 03 04 05 06 07 08
95 96 97 98 99 00 01 02 03 04 05 06 07 08 09
YEAR
13.0 ’-
12.0 i-
11.0
10.0
9.0
6.0--
BUILDING ASSESSMENT
94 95 96 97 98 g9 0__~0 0~1 0__~2 0___.~304-05 06 07 08
95 96 97 98 g9 O0 01 02 05 04 05 06 07 08 09
YEAR
AB158-2008
Paae 1 of I
ATTACHMENT D
CALIFORNIA AVENUE DISTRICT AMENDMENTS
Address,
Parcel Number
PRELIMINARY ROLL
Use Square Parking Parking I
Feet Reqd.Prov
No amendments
Assessments
92-13 86-01
Address,
Parcel Number
AMENDED ROLL
Use Square Parking Parking
Feet Reqd.Prov
Assessments
92-13 86-01
No amendments