HomeMy WebLinkAbout2003-06-09 City Council (4)TO:
FROM:
City of Patio Allto
C ty
HONORABLE CITY COUNCIL ........................................................................................................................................................................
CITY MANAGER DEPARTMENT:PUBLIC WORKS
DATE:JUNE 9, 2003 CMR:300:03
SUBJECT:PUBLIC HEARING - ASSESSMENT FOR CALIFORNIA AVENUE
AREA PARKING BONDS - PLAN G: FY 2003-2004
RECOMMENDATION
Staff recommends that Council hold a public hearing and, subsequently, 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 lex7 assessments for the two parking improvements 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 projects are:
California Avenue District. former Keystone Lot Parking, Project 86-01: Surface
parking lot on Cambridge Avenue, construction of interim improvements, and a
feasibility study for a parking structure on the lot.
o California Avenue District. Ted Thompson Parking Structure. Project 92-!3:
Construction of a tavo-IeveI parking structure on Cambridge Avenue betaveen 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 opportuniD, to question the
CMR:300:03 Page 1 of 4
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 2003-04 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
ASSESSMENT RATE
PER ADJUSTED BLDG
SQUARE FOOTAGE
$10.26"
$0.0524**
Total:
DOLLARS
LEVIED
$107,6!3.55
$ 35.871.18
$14,.484.79
California Avenue District, Ted
Thompson Parking Structure; Project
92-13
$11.37’$123,458.64
$0.0601’*$ 41.152.79
Total:$!64,611.43
*Rate per weighted assessment factor
**Rate per land square footage
This represents a 1.8% increase from the previous assessment ?,ear of FY02-03 due to normal
variations in the bond redemption schedule and the producer price index. 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 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 8, 2003. 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
necessao; 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
CMR:300:03 Page.. ~ of 4
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 were funded by the assessment district and no Ci~r General Fund monies were
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.
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 California Avenue
Parking District. Recent analysis of current parking permit fees and maintenance costs have
shown that an increase in permit fees is unwarranted.
POLICY IMPLICATIONS
Approval of this action is consistent with existing CiD’ policies.
TIMELINE
The assessments will be sent to the Santa Clara CounD.’ 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 Boundaw Map
Addendum
Capital Improvement Projects
California Avenue Assessment Rates
Resolutions (2)
PREPARED BY:
DEPARTMENT HEAD:
Engineer, Public Works Engineering
GLENN S. ROBERTS
Director of Public Works
CMR:300:03 Page 3 of 4
CITY MANAGER APPROVAL:
HARRISON
Assistant CiD1 Manager
cc:California Avenue Area Development Association
Chamber of Commerce
CMR:300:03 Page 4 of 4
.ATTAC~T A
California Avenue
Parking Assessment District
Ted Thompson~
Porking Goroge
92-13
Park Boulevard
Park BlvdT/ ’~
E1 Camino Rea!
Public Parking Lots~i.-;<,.’-",</4Currently~ P :"~)~<- ,Parkln= roj ects ~:<t:,~,
kssessmenL District
Boundary ..........
SCALE
.......... ~.oo ~oc
Attachment
ATTACHMENT B
20 ~
ATTACHMENT C
Attachment D
California Avenue Area Parking District
Annual Assessment Rates
Project 86-01
e 0.08
c 0.06
~" 0.04
0.02
Land Assessment
o o c~
88 89 9__0 91 92 93 94- 95 9_.~6 9i.Z7 98 9!9 0_.Q 01 02
89 90 91 92 9,3 94 95 96 97 98 99 00 01 02 03 04
Year
Building Assessment
1995 bose yeor
weighting
8__8 8__9 9__0 9__1 9__2 9J
89 90 91 92 9,.3 94
9._~495 96 9._27 98 9__£9 oo 0_2 0_.22 oj
95 96 97 98 99 00 01 02 0,.3 04-
Year
AB1 15-2000
Attachment D Page 1 of 2
Attachment D
CALIFORNIA AVENUE AREA PARKING DISTRICT
ANNUAL ASSESSMENT RATES
Project 92-13
IJJ
,,, 0.08
r-, 0.06
Z
.J
m 0.04
z
cu 0.02
O
O
LAND ASSESSMENT
95 96 97 98
98 99 O_9 0_! O2 0399O001 02 03 04.
YEAR
O
W~o
13.0
12.0
11.0
10.0
9.0
8.0
7.0
6.0
BUILDING ASSESSMENT
9__~49.5 9__6 9__Z7 9__8
95 96 97 98 99
9_~9 9__o o_! o2
OO Ol 02 03 04
YEAR
AB 1 .38- 200.3
Attachment D Page 2 of 2
ATTACHMENT E
RESOLUTION NO.
A RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO CONFIRMING
ENGINEER’S REPORT AND ASSESSMF~NT ROLL
CALIFORNIA AVEA~JE KEYSTONE LOT PA!%KING PROJECT N0. 86-01
(For Fiscal Year 2003-2004)
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 al! 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 Counci!,
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 co!lected for the fiscal
year as set forth in the report as confi_~med.
INTRODUCED AND PASSED:
AYES:
NOES:
ABSENT:
ABSTENTIONS:
ATTEST:APPROVED:
City Clerk
APPROVED AS TO FORM:
Jones Hall,
A Professiona! ~w ~oration
stephen R. L~isaleggio
Bond Counsel
Mayor
City Manager
Director of Public Works
Director,
Administrative Services
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 2003-2004)
THE COUNCIL OF THE CITY OF PAL0 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 rol!
prepared for the above fisca! 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 ora! 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 approva! by this Counci!,
shal! 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 fisca!
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 Hal!,
A Professional Law Corporation
By :
Casaleggio
Bond Counsel
City Manager
Director of Public Works
Director,
Administrative Services
City Attorney