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HomeMy WebLinkAbout2000-03-27 City Council (12)City of Palo Alto City Manager’s Report 2 TO:HONORABLE CITY COUNCIL FROM :CITY MANAGER DEPARTMENT: UTILITIES AGENDA DATE: SUBJECT: MARCH 27, 2000 CMR:183:00 RESOLUTIONDETERMININGUNDERGROUNDDISTRICTNO. 37 PROPERTY OWNERS WHO ELECT TO PAY UNDERGROUND CONVERSION COSTS OVER A PERIOD OF YEARS RECOMMENDATION Staff recommends that Council approve and authorize the Mayor to execute the attached Resolution determining properties electing to pay conversion costs over a period of years, determining and classifying unpaid assessments, and funding loans to property owners from the Reserve for Underground Connections. BACKGROUND At its meeting of April 7, 1997, Council adopted Ordinance No. 4408 creating Underground Utility District No. 37 in the Embarcadero/Middlefield Roads area. The ordinance provided notice that any property owner located within the district had the option of paying the cost of service conversion over a period often years, with interest. A total of 48 of the 232 property owners in the district selected the deferred payment plan. The underground project is a general benefit underground district with the City paying all costs except the individual property underground service conversions. DISCUSSION The conversion costs for the 48 property owners who have chosen the deferred payment plan total $251,277. The original estimates are two to three years old, as this project was delayed due to insufficient funds initially. Therefore, to compensate for the inflation over that period of time, 20 percent has been added to the original estimated cost of each property to offset the estimated increase in materials and labor costs. The higher costs are primarily due to the current demand for construction work. The remaining property owners chose to be responsible for their own financial arrangements. CMR:183:00 Page 1 of 2 Assessments will be secured by liens on each property for the ten-year term of the loan. Repayment to the City will be made through the owner’s property tax bills. As mandated in the Palo Alto Municipal Code, interest rates were established the week preceding adoption of the ordinance forming the underground district. Using this rate guideline, the interest rate for the loans will be 6.63 percent. A $50.00 loan processing fee is added to each assessment. RESOURCE IMPACT On August 21, 1984, Council approved the funding of individual electric connections from the Electric System Improvement Reserve, thereby establishing the Reserve for Underground Connections. As of June 30, 1999, the balance in the Reserve for Underground Connections was $600,000. POLICY IMPLICATIONS This report does not represent any change to existing City policies,. ENVIRONMENTAL REVIEW This proj ect is categorically exempt from California Environmental Quality Act (CEQA). ATTACHMENTS Attachment "A": Attachment "B": Resolution Property Owner List PREPARED BY: Gopal Jagannath, Sager Farraj, Tomm Marshall DEPARTMENT HEAD: J~ ULRICH DireCtor of Utilities CITY MANAGER APPROVAL: HARRISON Assistant City Manager CNR: i83 : 00 Page 2 of 2 PROPERTY OWNER(S) UNDERGROUND UTILITY DISTRICT NO. 37 EMBARCADERO/MIDDLEFIELD ROADS PARCEL NO.ADDRESS ASSESMENT PRINCIPAL Hilary W. Donahue Trust David and Nancy Kalkbremer Sheldon D. and Nancy A. Sicotte Ronald Z. Hofffnan Harvey and Rose Lash Philip E. Bohaboy Eric and Shirleen Willis H. John Togashi Hamad and Laila Alghanim Albert Azcarate Susan McDonnell Thomas and Jean Kirsch Michael and Shirley Klyrm David and Carolyn Lougee Scott P. Spector and Elizabeth H. Ward Thomas R. Jaworowski Ted M. Brown and Lynda G. Brown Mabel G. Holt Helen Menz Harvey and Susan Dondershine Marc and Elaine Gradman David H. and Christine Campen Douglas H. and Sue Barton William and Linda Gargiulo Jerome W. Scheele Kim L. Fundenberg Harvard E. Wilson, Trustee Nelson L. Jensen Eric and Kathy Nordman Kendra G. Anderson Valorie Beer ~ Irene Hem, Trustee Richard N. and Catherine J. Norfleet Richard K. Sibley Jeffrey and Judith Spirn Florentino and Cathy Cortes Kenneth W. and Mildred H. Nelson Family Trust Lillian Berland Kon-E Lu and Siu-Hua Shu Lu Barbara A. Whittingham Peggy M. Clark Clayton Bavor and Nancy Bavor Trust Marilyn E. Farmer Burr and Reva Frauman Irene Davidson Rosalie Shepherd Michael and Annette Flicker Alfonso Castillo and Mary Law 003-56-024 1884 Bret Harte 6,024.00 124-03-030 2031 Byron 4,075.20124-03-029 2047 Byron 7,575.60 124-04-009 2181 Byron 4,873.20 124-05-022 2309 Byron 5,064.00124-05-021 2323 Byron 5,678.40124-05-018 2361 Byron 4,978.80003-56-033 836 Embarcadero 3,872.40. 003-56-019 846 Embarcadero 3,780.00003-56-001 860 Embarcadero 4,707.60 003-58-028 1715 Fulton 6,428.40003-58-035 1748 Fulton 5,080.80 003-58-023 1775 Fulton 7,755.60003-58-020 1811 Fulton 6,994.80 003-58-055 1830 Fulton 4,762.80003-58-001 1700 Guinda 4,777.20 003-56-080 1711 Guinda 003-58-064 1740 Guinda 003-56-068 1885 Guinda 003-56-038 1844 Mark Twain 003-56-027 1885 Mark Twain 003-56-042 1892 Mark Twain 124-02-012 1630 Middlefield 124-02-076 1730 Middlefield 124-02-048 1736 Middlefield 003-58-041 1753 Middlefield 124-03-018 1988 Middlefield 124-03-024 2080 Middlefield 124-04-005 2150 Middlefield 124-04-007"2170 Middlefield 124-05-012 2352 Middlefield 003-6~1-070 2381 Middlefield 4,822.80. 5,712.00 6,116.40 5,031.60 6,886.80 5,803.20 6,346.80 5,044.80 5,400.00 5,317.20 5,731.20 4,978.80 4,770.00 5,174.40 5,413.20. 3,339.60 003-56-055 1710 Newell 5,468.40 003-56-056 1722 Newell 5,794.80003-56-053 1725 Newell 4,592.40 003-56-059 1780 Newell 5,019.60 003-56-050 1801 Newell 4,692.00003-56-063 1840 Newell 5,072.40003-56-065 1870 Newell 6,339.60124-05-015 699 Oregon 3,850.00124-03-037 660 Seale 4,688.40 124-03-013 691 Seale 4,150.80003-56-067 777 Seale 4,083.60003-56-066 795 Seale 5,246.40003-56-082 885 Seale 4,838.40 124-02-049 669 Tennyson 5,010.00003-58-063 702 Tennnyson 4,994.40003-58-039 747 Tennyson 5,118.00 $251,276.80