The URL can be used to link to this page

Home My WebLink About2004-06-14 City Council (3)City of Palo Alto City Manager’s Report TO: FROM: HONORABLE CITY COUNCIL CITY MANAGER DEPARTMENT:PUBLIC WORKS 4 DATE:JUNE 14, 2004 CMR:326:04 SUBJECT:PUBLIC HEARING - ASSESSMENT FOR CALIFORNIA AVENUE AREA PARKING BONDS - PLAN G: FY 2004-2005 REPORT IN BRIEF This report requests that Council hold a public hearing and approve the annual assessment for the California Avenue area parking bonds Plan G for FY 2004-05. The assessment is levied on the basis of building square footage, with a credit given for the off-street parking provided by the property owner. This annual assessment is exempt from Proposition 218 since it is used to pay the cost of existing bonds. Routine maintenance costs for the district are covered by parking permit fees. RECOMMENDATION Staff recommends that Council adopt the attached resolutions confirming the Engineer’s Report and Assessment Roll for: California Avenue District, Project No. 86-01 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 two active parking projects 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 resolutions. These funds are separate and distinct from permit fees that are used to pay for operation and maintenance of parking facilities. The two active projects are listed and described as follows: Surface parking lot on Cambridge Avenue, construction of interim improvements, and a feasibility study for a parking structure on the lot. CMR:326:04 Page 1 of 4 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 Jtme) 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 projects can be found in Attachment C. DISCUSSION The assessment rates for FY 2004.-05 per square foot of adjusted building area and the amount levied for each project are: PROJECT California Avenue District, Keystone Lot Parking, Project 86-01 California Avenue District, Ted Thompson Parking Structure, Project 92-13 ASSESSMENT RATE PER ADJUSTED BLDG SQUARE FOOTAGE $10.37’ $0.0532** Total: DOLLARS LEVIED $109,223.40 $ 36,407.81 $145,631.21 $11.97’$130,581.76 $0.0636**$ 43~527.22 Total:$174,108.98 *Rate per weighted assessment factor. **Rate per land square footage. 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 offthe bonds sold to fmance the project. To equalize assessments, the funds were spread uniformly over the duration of the bonds (20 years) beginning with the 1996 assessments. Attachment B lists changes made to the assessment rolls. The estimated assessments were sent to property owners within the California Avenue district on May 10, 2004. 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. CMR:326:04 Page 2 of 4 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 heating 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 are 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 all of the assessment proceeds are pledged to repay previously issued bond indebtedness. Upcoming capital work within the California Avenue Parking Assessment District is scheduled for FY2005-2006. The work will include drainage and lighting improvements for the Cambridge parking structure and will be funded through the parking district maintenance fund. Other work needed for the Cambridge parking structure include American Disabilities Act (ADA) and seismic upgrades. New bonds would need to be issued and assessed to the parking district to fund these improvements. Parking district maintenance costs, including sweeping, landscaping, signing and lighting are paid for by parking permit fees, which were last increased in 1984 in the Califomia Avenue Parking District. POLICY IMPLICATIONS Approval 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. ENVIRONMENTAL ASSESSMENT Approval of assessments is exempt by statute for purposes of the California Environmental Quality Act (CEQA). ATTACHMENTS Attachment A: Attachment B: Attachment C: Attachment D: Attachment E: California Avenue Boundary Map Addendum Capital Improvement Projects California Avenue Assessment Rates Resolutions (2) CMR:326:04 Page 3 of 4 PREPARED BY: DEPARTMENT HEAD: MIKE NAF2I(~El~/ / ~" Engineer GLENN S. ROBERTS Director of Public Works CITY MANAGER APPROVAL: ~HARRISON Assistant City Manager CO:California Avenue Area Developmem Association Chamber of Commerce CMR:326:04 Page 4 of 4 California Avenue Parking Assessment District Ted Thorn Parking Garage 92-13 Park BOUlevard | Lot ~ Lot ~ ¢-2~ -I ~" 86-01 Birch Street ark C-9 Lot. I C-4 E1 Camino Real , Ash Street --q Public Parking Lo Ls Currently Assessed~ Parking Projects~~J Asse’ssment District Boundary .......... Attachment A AB61507 ATTACHMENT B CALIFORNIA AVENUE DISTRICT AMENDMENTS PRELIMINARY ROLL Parcel Number ][Feet [Rend. [Prov No amendments Assessments 92-13 86-01 Address, Parcel Number AMENDED ROLL [Feet I Rend. IProv Assessments 92-13 86-01 No amendments zo <1 ATTACHMENT C ATTACHMENT D California Avenue Area Parking District Annual Assessment Rates Project 86-01 0.08 0.06 0.04 0.02 Land Assessment 89 90 91 9.~2 9._~3 94 9._.~5 96 97 98 9..~9 0__0.0 01 02 03 . 04 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 Year Building Assessment 1995 bose year weighting 89 _9.g 91 92 ~ 94 ~ ~97 _~ .~9 00 01 _02 ~ 04 90 91 92 9,3 94- 95 96 97 98 99 00 01 02 03 04- 05 Year ’ AB 115-2004 Attachment D Page 1 of 2 CALIFORNIA AVENUE AREA PARKING DISTRICT ANNUAL ASSESSMENT RATES Project 92-13 LU ~u 0.08 0 c~ 0.06 Z _J ~" 0.04 u~ 0.02 LAND ASSESSMENT 95 96 97 98 99 00 01 02 03 04 05 YEAR <13.0u_ I---z"’12.0 11.0 ,,,10.0I-- 9.0 8.0 7.0 6.0 BUILDING ASSESSMENT 94 95 96 97 9_68 99 o._go _0_!_ 02 03 04 95 96 97 98 99 00 01 02 03 04 05 YEAR AB158-2003 Attachment D Page 2 of 2 ATTACHMENT E RESOLUTION NO. A RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO CONFIP!41NG ENGINEER’S REPORT AND ASSESS~ ROLL CALIFORNIA AVENUE KEYSTONE LOT PARKING PROJECT NO. 86-01 (For Fiscal Year 2004-2005) THE COUNCIL OF THE CITY OF PALO ALTO DOES RESOLVE as follows: Section i:After proceedings to that end duly had and taken 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. 6485, adopted by the Council of the City of Palo Alto on January 20, 1986; 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; 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, and is fully informed in the premises; 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. 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 therefor 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:APPROVED: City Clerk Mayor APPROVED AS TO FORM: Jones Hall, A Professional Law Corporation By: Stephe~ R~Casaleggio Bond Counsel City Manager Director of Public Works Director, Administrative Services Interim City Attorney -2- ATTACHMENT E RESOLUTION NO. A 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 2004-2005) THE COUNCIL OF THE CITY OF PALO ALTO DOES RESOLVE as follows: Section i:After proceedings to that end duly had and taken pursuant to the Paio 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. 7230, 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; 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, and is fully informed in the premises; 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. 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 therefor 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: ..- ~t~phen R. Casaleggio Bond Counsel APPROVED: Mayor City Manager Director of Public Works Director, Administrative Services Interim City Attorney