HomeMy WebLinkAbout2002-06-10 City CouncilTO:
FROM:
City of Palo Alto
City Manager’s Report.
HONORABLE CITY COUNCIL
CITY MANAGER DEPARTMENT: PUBLIC WORKS
7
DATE:JUNE 10, 2002 CMR:269:02
SUBJECT:PUBLIC HEARING: ASSESSMENTS FOR CALIFORNIA AVENUE
DISTRICT PARKING BONDS PLAN G FISCAL YEAR 2002-03
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 Fiscal Year 2002-03. ° - "
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.
CMR:269:02 Page 1 of 4
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, and
California Avenue District, Project No. 92-13.
BACKGROUND
In 2001, a. new University Avenue Parking Assessment District was formed to finance the
construction of two new parking structures in the University Avenue downtown area. Under
Proposition 218, the formation of the new University Avenue Parking Assessment District
and the refinancing of the previously existing bonds resulted in a static lien assessment
process. Under the fixed lien .process, individual property assessments are fixed and there
is no public hearing requirement: Therefore, the University Avenue Parking Assessment
District bonds, which are usually presented with the California Avenue Parking Assessment
District bonds, no longer exist and will no longer be reflected within this staff report.
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:
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.
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, PaloAlto 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
projects can be found in Attachment C.
CMR:269:02 Page 2 of 4
DISCUSSION
The assessment rates for FY 2002-03 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
ASSESS n NT RATE
PER ADJUSTED BLDG
SQUARE FOOTAGE
$10.13’
$0.0524**
Total:
DOLLARS
LEVIED
$107,510.46
$ 35,836.75
$143,347.21
California Avenue District, Ted
Thompson Parking Structure, Project
92-13
$10.84’$119,209.89
$0.0581"*$ 39,736.67
Total:$158,946.56
*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 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 roll. The estimated assessments were
sent to property owners within the California Avenue district on May 15-, 2002. Assessments
were modified due to recent changes in business site conditions (square footage, vacancy,
etc.) brought to staffs attention by property owners since the estimated assessments were
prepared.
Because the hearing itse!fis tlie 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 hear’nag.
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.
CMR:269:02 Page3 of 4
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.
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 Ju!y 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)
PREPARED BY:
DEPARTMENT HEAD:
NAFZIGER
Associate Engineer
GLENN S. ROBERTS
Director of Public Works
CITY MANAGER APPROVAL:
E~LY~SON
Assistant City Manager
California Avenue Area Development Association
Chamber of Commerce
CMR:269:02 Page 4 of 4
Ted Thorn
Parking Garage
92-13
California Avenue
Parking Assessment District
"Park’Boulevar "
Birch
Lot ~C-2
/ J~OL ..1
(-0-6~
Street
"~.
-4.
-Ash StreeL
:-4 I ~ ~
......
E1 Camino Real .
Public Parking Lots~
Currently hssessed~~
Parking Projects~
Asse-ssment District
Boundary .
SCALE
100 200
FEET
Attachment A
AB61507
ATTACHMENT B
ATTACHMENT C
Attachment D
0.08
0.06
o.o#
¢ 0.02
~ lO.O
~ 8.0
._~¯6.0
4.0
California Avenue Area Parking District
Annual Assessment Rates
Project 86-01
Land Assessment
I I I i !I I -~I I I I I !I i
8~7 8~8 89 90 91 92 93 " 94 95 96 97 98 99 O0 01 02
88 ’ 89 90 . 91 92 93 94 95 96 97 98 99 O0 01 02 03
Year
Building .Assessment
000 0
D
*i995 base year
weighting
87 88 89 90 91 92 93 ’ 9___4 9~5 9~6 9~7 98 9g 0~0 0~1 0~2
88 89 90 91 92 95 94 95 96 97 98 99 O0 01 02 03
Year
Attachment D
AB115-2000
Page 1 of 2
Attachment D
CALIFORNIA AV~ENUE AREA PARKING DISTRICT
ANNUAL ASSESSMENT RATES
Project 92-13
iii
Oo
w 0.08
0106
I..I.I
~; 0.04
~ 0.02
LAND ASSESSMENT
94 95 96 9~7 98 99 O0 01 02
95 96 97 98 99 00"01 02 05
YEAR
,,< t5.o
z’"12.0
’"11.0
,,,10.0
[]9.0
"’8.0
z 7.01.1.1’
g.0
BUILDING ASSESSMENT
!!I I !i !!I
94-95 96 97 98 99 O0 01 02
95 96 97 98 99 O0 01 02 03
YEAR
Attachment D
AB 1.58-2000
Page 2 of 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 KEYSTONE LOT PARKING PROJECT NO. 86-01
(For Fiscal,Year 2002-2003)
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.
APPROVED AS TO FORM:
Jones Hall,
A Professional Law Corporation
By:
Stephen R. Casaleggio
Bond Counsel
Mayor
City Manager
Director of Public Works
Director,
Administrative Services
Sr. Assistant 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 2002-2003)
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. 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 togethe~ 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:
Stephen R. Casaleggio
Bond Counsel
CiZy Manager
Director of public Works
Director,
Administrative Services
Sr..Assistant City Attorney
-2-