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Home My WebLink About2000-06-12 City Council (9)TO: FROM: City of Palo Air4) City Manager 0 HONORABLE CITY COUNCIL CITY MANAGER DEPARTMENT: PUBLIC WORKS DATE:JUNE 12, 2000 CMR:271:00 SUBJECT:PUBLIC HEARING - ASSESSMENTS FOR UNIVERSITY AVENUE AREA AND CALIFORNIA AVENUE AREA PARKING BONDS - PLAN G: FY 2000-2001 REPORT IN BRIEF This report requests that Council hold a public hearingand approve the annual assessments for the University Avenue and Califomia Avenue area parking bonds Plan G for FY 2000-01. Assessments are levied on the basis of building square footage, with a credit given for the off-street parking provided by the property owner. These annual assessments are exempt from Proposition 218 since they are used to pay the cost of existing bonds. Routine maintenance costs for both districts are covered by parking permit fees. CMR:271:00 Page 1 of 5 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, ¯University Avenue District, Project No..75-63, ¯University Avenue District, Lot J Refunding and 250 University Avenue Acquisition. BACKGROUND By virtue of the prior establishment of the assessment districts and issuance of debt, Council action is required to levy assessments for the four active parking projects. 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. 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. The four active projects are listed and described as follows: 1.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. o University Avenue District, Project 75-63: Surface parking lots on Bryant Street and at the comer of Kipling Street and Lytton Avenue, and a feasibility study for a downtown parking structure. University Avenue District, Lot J Refunding and 250 University Avenue Acquisition: Refinancing of bonds for the original five level parking garage (Cowper-Webster) and acquisition of one level of public parking (250 University Avenue). CMR:271:00 Page 2 of 5 Additional details about the Parking Assessment District-Plan G bond capital improvement projects can be found in Attachment D. DISCUSSION The assessment rates for FY 2000-01 per square foot of adjusted building area and the amount levied for each project are: PROJECT Califomia Avenue District, Keystone Lot Parking, Project 86-01 Califomia Avenue District, Ted Thompson Parking Structure, Project 92-13 ASSESSMENT RATE PER ADJUSTED BLDG SQUARE FOOTAGE $9.34* $0.0482** Total: DOLLARS LEVIED $ 99,011.99 $ 33,003.98 $132,015.97 $10.08’$110,767.52 $0,0539**$ 36,922.48 Total:$147,690.00 3.University Avenue District, Project .$0.0335 $ 73,584.06 75-63 4. University Avenue District, Parking $0.318 $ 698,581.02 Lot J Refunding and 250 University Avenue Acquisition *Rate per weighted assessment factor. **Rate per land square footage. Approximately $341,000 in excess construction funds in the Califomia Avenue District bond fund for the Ted Thompson parking garage, Project 92-13, was used to reduce the tax }oll 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 C lists changes made to the assessment rolls. The estimated assessments were sent to property owners within the districts on May 15, 2000. Assessments were modified due to recent changes in business site conditions (square footage, vacancy, etc.) brought to staff’s 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 CMR:271:00 Page 3 of 5 brought to staffs attention since the Council packet was delivered. The public hearing for one or both of the assessment districts may need to be continued, if last minute informa.tiqn 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 districts 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. 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; and in 1997 in the University Avenue 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 Califomia Environmental Quality Act (CEQA). ATTACHMENTS Attachment A: University Avenue Boundary Map Attachment B: Attachment C: Attachment D: Attachment E: Attachment F: Attachment G: California Avenue Boundary Map Addendum Capital Improvement Projects University Avenue Assessment Rates California Avenue Assessment Rates Resolutions(4) PREPARED BY: DEPARTMENT HEAD: Jim Harrington, Senior Engineer, Public Works Engineering Director of Public Works CITY MANAGER APPROVAL: HARRISON Assistant City Manager CMR:271:00 Page 4 of 5 California Avenue Area Development Association Downtown Property Owners Group Chamberof Commerce CMR:271:00 Page 5 of 5 ATf’ACHMENT A Lot K Lot K | | | m m Webster I--= o-~ Street Lot H 1 Kipling Street Lot T 7~-~3 Waverley Street Lot D Florence Street Bryant.Street Lot C Ramona ~Lot A Emerson Lot 0 Street [ Street Lot P Hi Street UNIVERSITY. AVENUE Parking Assessment District Parking Lots Not assessed~ Assessed Project Assessment District Boundary .......... 0 100 200 300 ’ Gilman Street "mmmm|mJ 4OO I Alma Street250 University Avenue Attachment A AB61604 A~rACI-IM~NT B Ted Thorn Parking Garage CALIFORNIA. AVENUE Parking. Assessment District Park Boulevard r Park Blvd Birch Street -////, Lot ~4 c-4 ~Ash Street ~ ~.ot ~-~ C-4 El Camino Real Public Parking Lots Currently Assessed Parking Projects Assessment District Boundary .......... 100 200 300 400 Attachment B AB61507 l~0 0 0 0 0 IX,.,., ATTACHMENT E 0 Attachment E 0 ABl14-2000 ATTACHMENT F ¯ Attachment F AB113-2000a Page 1 of 3. A’FIACHMENT F California Avenue Area Parking District Annual Assessment Rates Project 86-01 0.08 0.06 0.04- e 0.02 < Land Assessment ! a I I I I I I I I I I I I I 88 89 90 91 92 93 9~ 95 96 97 98 99 00 01 02 Year 10.0 8.0 ~4.0 Building Assessment O eq *1995 bose yeor weighting I I I I I I I I I I I I I I I 88 89 90 91 92 93 94 95 96 97 98 99 O0 01 02 Year Attachment F AB115-2O00 Page 2 of 3 ATTACHMENT F CALIFORNIA AVENUE AREA PARKING DISTRICT ANNUAL ASSESSMENT RATES Project 92-13 uJ ,,, 0,08 0.06 ~ 0.04 Z ,,, 0.02 LAND ASSESSMENT oLo-O -%0 ~. o o o I I I =~==I 94-95 96 97 98 99 O0 .01 95 96 97.98 99 O0 01 02 YEAR ~13.0 I~’ "’12,0 11.0 10.0 9.0 6,0 BUILDING ASSESSMENT I I I I I I949596979899 ¯ 95 96 97 98 99 O0 I I¸ 00 01 01 02 YEAR Attachment F AB138-20000, Page 3 of 3 ATTACHMENT G 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 2000-2001) THE COUNCIL OF THE CITY OF PALO ALTO DOES RESOLVE a s 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 ~e 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: Mayor APPROVED AS TO FORM: Jones Hall, A Profe s~~ Co rporation . Stephen R. Casaleggio Bond Counsel City Manager Director of Public Works Director, Administrative Services Sr.Assistant City Attorney -2- 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 2000-2001) THE COUNCIL OF THE CITY OF PALO ALTO DOES RESOLVE a s 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 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 ~he 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: RI ggio Bond Counsel City Manager Director of Public Works Director, Administrative Services Sr.Assistant-City Attorney -2- RESOLUTION NO. A RESOLUTION OF THE COUNCIL OF THE CITY OF PALOALTO CONFIRMING ENGINEER’S REPORT AND ASSESSMENT ROLL UNIVERSITY AVENUEAREAOFF-STREET PARKING PROJECT NO. 75-63 (For Fiscal Year 2000-2001) 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 Municfpal 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. 5242, adopted by the Council of the City of Palo Alto on August 9, 1976; 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 2the 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, ABy. Pr~. Bond Counsel Mayor City Manager Director of Public Works Director, Administrative Services Sr.Assistant City Attorney -2- RESOLUTION NO. A RESOLUTION OF THE .COUNCIL OF THE CITY OF PALO ALTO CONFIRMING ENGINEER’S REPORT AND ASSESSMENT ROLL UNIVERSITY AVENUE PARKING PROJECTS (LOT J REFUNDING and 250 UNIVERSITYAVENUE ACQUISITION) (For Fiscal Year 2000-2001) THE COUNCIL OF THE CITY OF PALO ALTO DOES RESOLVE a s 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. 6768, adopted.by the Council of the City of Palo Alto on April 20, 1989; 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 rol~s, 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 Professi~~ Corporation Stephen R. Casaleggio Bond Counsel Mayor. City Manager Director of Public Works Director, Administrative Services Sr.Assistant City Attorney