HomeMy WebLinkAbout0277.092-
June 4, 1992
THE HONOR~BLE CITY COUNCIL
Palo Alto~ Californi~
PUPlic Hearings Assessments (or University
California Ay@nue ArgA parking eo~ds -Plan G,
Kembers of the Council:
11
Avenue Area and
Each y&-ar-a public bearinq is h.e:ld on the assessments for the
parkinq bonds for the University Avenue Area and california Avenue
Areal as required under Section 1]~16.150 of ~~e Palo Alto
Municipal Code (EXhibits A and B). This report describe.s the
aSSeS51Dent setting procedures and reco1!:J'tIends that council ad.opt the
appropriate resolutions.
Backgroum;l
Parking bonds issued under S~nd Plan "G-{S~ction 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 ~evied
to pay principal and interest on the bonds.
The purpose of the public hearing is to allow each property o~er
the opportunity to question the computation of his/her ,assessreent
a.nd the elements which cOII'.prise itl that is, the square footage cf
each oc~upied building, the off-street parking require~ents for the
usage, and the off-street parxing provided. Assessments are levied
on the basis of building square footage, with a credit given for
the o~£-street parking provided by the property owner.
An addendum is attached, which lists changes made to the assessment
rolls since the estimated assessmentE were sent to property owners
within the districts on May 15, 1992 (E~~ibit C). The addendum
~odifies assessments due to changes in existing conditions (square
footage, vaca.ncy. etc~) brouqht to staff' 5 attention since that
time.
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CMR:27i:92
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It may be !'lecessary to have a second Clddendum ~vailable at the
Council meeting 'Which reflects changes brought to staff' s attention
over the last four days. The pub! ic hearing for one or both of the
ilSSel$Sment districts will have to be continueu, if last minute
information is received by st.aff 'Which cannot be verified and
included in the amended rolls.
~cuseion of Assessment§
council action is required to levy asseSSIIlEnts for six active
parking projects for the payment of principal and interest on bonds
issued pursuant to the attached resolutions.
1.
2.
£§lifQrnia Avenue District. project 65-09:
Parkinq GaralJe.
California Avenue District, Froject 71-63:
Lots at the corner~ of Cambridqe and Birch,
Birch, and a Fe~sibility Study.
Surface Parking
and Sherman and
J. California ]a.ve.nue Xevstone Lot Parking~_oiect 86-01:
Surfa.ce Parking Lot on cambridge Avenue, construction of
interim improvements, and a Fe&sibility study.
4. University Avenue Di9trict.~_r-Qject §6-0a: Civic Center
Parking Garage.
5. University Avenue District. Project 15-6J~ Surface Parking
Lots on Bryant Street and at the corner of Xiplinq Street and
Lytton Avenue, and .a Feasibility Study.
6. University Avenue District, Lot::J Refundivg and 250 llniversili
Ayenue Acgui.2..l.tion: Refinancing of bonds on an existing five
le.vel par-kinq garage (Lot .J} and acquisition of one leval of
public parking {250 University Avenue).
Additional details about the G-bond capital Improvement Projects
can be found in Exhibit D in the Appendix~ An assessment for the
construction of a parking structure on the Keystone lot on
Cambridge Avenue ~ill not be levied ~ntil Council approves
formation of an asseSSIllent district for this purpose.. Staff
expects this to occur in late 1993 after the project plans and
final estimates have been prepared.
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GIR: 277: 92
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Toe assessment rates. for 1992-93 per square foot of adjusted
building area and the a~ount levied for each project are:
FRo...TEGT
~SSESSMENT RATE
PER ADJUSTED
BLDG~ SQ. fOOTAGE
1. California AVe. District, Pro-
ject 65-09: Cambridge parking Gar3ge
2~ California Ave. District, Pro
ject 71-63: Cambridge Ave. surface
Parking Lot and Feasibility Study
3. California Ave. X~ystone Lot
Parking, Project S6-01i Surface
Parking Lot on Cambridge Avenue,
construction on interim improve
ments and Feasibility study
4. University Avenue District, Pro
ject 66-08: Civic Center Parking
Garage
5. University Avenue Di9trict, Pro
ject 75-63: Surface Parking Lots
on Bryant street and the corner
of Xipling and Lytton and Feasi
bility Study
6~ university Avenue District,
P~rkinq Lot J Refunding and
250 Univer-s i tjo· Avenue Acqui
sition
'Rate per weighted assessment factor.
**Rate per land square footage~
$0.0497
$0.0794
*$3.346
"'$Q.0456
TOTAL
$0.0300
$0.0368
$0.2n9
DOLLARS
LEVI~
~ ~5,703.10
$41,12:5.00
$ 95,232.32
.-11,743.9)
$126,976.25
$ 63,486.00
$ 77,718.00
$576,712.00
Exhibits E and F in the Appendix are graphs vhich show assessment
rates for the Districts for prior yf".ars~
On December 17, 1984, Council increased parking permit fees in the
california Avenue Parking District to pay for all maintenance
costs, including sweeping, landscaping, Signing and lighting.
Staff has been accumulating infor.mation about the actual cost of
maintenance via the new accounting system~ Based on the paat three
fiscal years' experience, no maintenance assessment ~ill be levied
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CMR:277:92
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fo~ FY 1992-9). If maintenance costs exceed per~it revenues in any
future year, the shortfall will be recovered by levying an
assessment as p~ovided. for in the California Avenue off-street
Pbrkinq Ma1ntenance District
En .... iroDl!lental Impact Assessme.,nt
For the purpose of environmental impact assessment procedures this
is not considered a project. fu~ environmental assessment is not
required.
Recommendation
Staff recommends that council adopt the attached l:'esolutions
confirming the Engineer's Report and Assessment Roll for:
• California Avenue District, Project No. 65-09,
• California Avenue District, Proiect No. 71-63, • California Avenue District, ProJect No. a6-01, • University Avenue District, Project No. 66-08,
• University Avenue District, Project No. 75-63, • University Avenue District, Lot J Refunding and
250 University Avenue Acquisition
Respectf~lly submitted,
{ . (; >j;; (,,, <v_ -~J< '--c.C'.' t\.c>, <. '---0. I:?
. ,-/;r7fi· "Dv/~
GEORGE BAGDON DAVID G. ADAMS
stant Di~ of Public Works Director of Public Works
1;1'
JUNE -FLEMING ~1
~istant cLty M~er
Attachments: 6 Resolutions
Exhibit A -University
Exhibit California
Avenue. Boundary Map
B -Avenue Boundary Map
Exhibit C -Addendum
Exhibit 0 -Ca~ital Improvement Projects
Exhibit E -Un~verslty Avenue Assessment
Exhibit F -California Avenue Assessment
cc: California Avenue Axea Development Association
Downtown property Owners Group
Chamber of Commerce
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CMR:277:92
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Rates
Rates
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RESOLUTION NO.
A RESOLUTION OF THE COUNCIL OF THE crn-OF PALO ALTO
CONFlRMING K'IGINEER'S REPORT AND ASSESSMElliT ROLL
CALIFORNIA AYENUE PARKING GARAGE PROJECT NO. 65-09
(ror riscal Year 1992-93)
THE COUNCIL OF THE CITY OF PALO ALTO DOES RESOLVE as follows:
Section 1: After proceedings to that eild duly had and taken pursuant to the Palo Alto
1iunidpaI Code, a public heari.'1g has been duly held On tIle Engineer's Report and assessment roD
prepared for the above fiscal year tD pay the principal and interest on bonds issued pursuant to
Resolution of Intention ~o. 3950, adopted by the Council of the City of Palo Aha on Janllary 3.
1%7;
Section 2:. This Council has heard all persons having an interes.t in ar:ty rea.l property
within the parking assessmeI1l district~ has. heard all objections, protests. or other written
communlcations from any persons mtereste{) LTl the real property \)..1thin said disoic'4 has taken and
received oral and documentary evidence pertaining to the· matters contained b said. report; has
remedied and c('irrtCted any errors or infom:.alides in t...'le, repoI1 and re\I~,-d and corrected any of the
acts or determinations of the \'arious City officials as contained therein, and is fully inforrned in the
premi'ieS;
Section 3: That said Engineer's Report and asse:>sr.lent roll. and ea<"h of the
assessments therein as fUlly revised hlld com.cted, is hereby appr.)vcd and confrr1Tled.
SKtion 4; That said report together with Lie certifi..::are of the City C1el.k:. as to the fact
and date of approval by this Council. shall forthwith be deli .... ered to the CmmT)' of Santa Gara, and
the proper County officer shall cause to be: pos.ted to the tax rolls. in the column pro .... ided t.~erefor
the amount of each of thP. assessments proposed to be levied and coHe(."ted for said flscal year as s.et
forth in said report as COllfirmed.
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The fNeEoing Re:;:o!ution was d·~l;-r and regularly adopted at a regular meeting ()f the
co tIDeD of the CIty of Palo neid on t.'1e &th oay of June, 1..,92 by the following ·vote:
AYES:
NOES:
ABSTEN110NS:
ABSE'fT:
ATl'EST:
eny L1erk
APPROVED AS TC fORM:
]ones Hill Hill &: Whlte.
A Profes.sional Law Corporation
BY:~~_~
Stephen R. casaleggio
Bond Counsel
APPROVED:
Senior Assi s,tant City Anome),
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" RESOLVTIO:\, 1'\0.
A RESOLVTION OF THE COUNCIL OF THE CITY OF PALO ALTO
CONFIRMING ENGINEER'S REPORT A.'''D ASSESSMENT ROLL
CALIFOR.'IIIA AVENl'E OFF·STREET PARKI"G PROJECT NO. 71·63
(For Fiscal Y~.Rr 1992-93)
THE COVNCIL OF THE CITY OF PAtO ALTO DOES RESOL VE as folIo"",
Section ]: After proceedings to trJJt end dlJly had and taken Pll!.s.U<Ul! to t~ e Palo Alto
Municipal Code, a public hearing has been duly held on the Eilgine-er's Report and assessment roU
prepat~ for the aoo\'e fiscal year to pay Un~ principal and interest on bonds i~~'Jed pursaant to
Resolution of lnteL",tion No. 4993, fidopted by the Council of the City ()f Pa10 A!to on September
W,1974;
SeC-lion 2: This Council has heard all persons. having an intere~t in any real PIOperty
within the parking assessment district; has heard all objections, protests. or other written
communications from any persons intefe~'1ed in the real property within said district; has taken and
received oral and documenlary ellidence pertaining to the matters contained in said report:, has
remedied and colTc'c~.d any errors Of informaliries 1.11 '.he report a..'1d re ... i.~.j and corrected any of the
act:" or deteJTJ1.lnations of the vanm..l'i City officials as (.-onrained therein, and is fully informed fn :he
pren1ise~
Section 3: Tbat said Engineer's Report and as.:;e'Ssment roll, and eacI: of the
a..'>..<;ess~n!S merei,' as fuJJ), revised and canette-d. is hereby approved and confirmed_
Section 4; That said repon wgcther with the certificate of the Cit"y Clerk as to the fact
and date ofappro ... 'al by this Council, shall forth'oJi'ith ix: de!..ivered to the County of Santa Clara, and
the proper County offtcer shall cause to be posted to the tax rolls, in the column provided thelefor
the amount of eal;h of the as~s.<;ments propo~ to be: I.evied aJ'l.d collected for said fiscal year as set
forth in said report as conftrmed
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The foregomg Resolution was duly and regolarly adopted at a re.gL1lar meeting of the
cOWlcil ofth~ City ofPaJo held on t".e 8th day of June, 1992 by ll'Je folio"'lI;g "'Dte:
AYES;
NOES:
ABSTEN'IlONS;
}\.BSENT:
ATrEST:
--------~~~
City Oerk
APPROVED AS TO FORM:
Jones Hall Hill & "'bite
A Professional Law Corporation
BY:.~-",~~S"'",_ -
.. S te:phen R. Casaleggio
Bond Counsel
APPROVED:
~-----GtyMaTlager
&"ruor As~stant Oty -Attorney
T:: ..
-.. ~
APPROVED:
------~~1ayo~~-----
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RESOLUTION NO.
A RESOLL'TION OF THE COUNCIL OF THE CITY OF PALO .UTO CO'iFIR~HNG
ENGINEER'S REPORT AND ASSESSMENT ROLt
CALIFORNIA A VENUE KEYSTONE LOT PARKING PROJECT NO. 86-01
(}'or Fist.1 Year 1992-93)
THE COUNCIL OF THE CITY OF PALO ALTO DOES RESOLVE as f"llows;
Section 1: After proceedings to tl1.iU end dul:-had and taken pursuant to the Pa1oAlto
Munidpal Code, a public hea..'"ing ha'3 been dULY held on the Engineer's Report and a.ssessmem roD
prepared fo! Ole above fiscal year to pay the principal and interest on bonds. issued purs.uant to
Resolution of Intention No. 6485. adDpted by the Council of the City of Palo Alto on J3nuary 20.
1985;
Section 2: This Council has heard all persons. ha\'!ng an interest in any re.al property
within the parling assessment distnc:t; has heard all objections. protesu;, or other 'oJ-Titten
communications from any persons interested in the teal prupeny within said district:; has taken and
receivrd oral and documentary evidence pertaining to t..'le matters cor,taifj~,d i" said repor'"~ has
remedied' and cOiTeCted omy errors or informalities in Ulr: !epon and revised a..id correcled any oi the;
acts or :kterrninations of the various CIty officials as contained therein. and is fully informed in the
premise~
Section 3; Thae said Engineer's Report and ass.essment roll, and eac:h of the
asseS:irrtents mer6n as fully fe'vi."ed and corrected, is. hereby approved ar,d corul.rmed.
Section 4: That said report togr,mer with !.he certificate of me CittOerk as to the fact
and date of approval by Lltis Council, shall fDrthwirh be delivered to the County of Santa Cl.ara, and
the propel County officer shall cause to be posted to the talO rolls, in the column provided therefor
the amount of each of Li.e assessments pr oposed to be levied and collected for said fisca! year as set
forth in said report as confirmed.
• * • • * • * • • • • •
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rne foregoing Re:'.olu.rlon was duly and re,gularly adopte-d at a regular meeting of ti";e
council of the-City of Palo l:lcld on '.he 8th day of h.'1e, 1992 by tIle" follc .... ving \ Ole:
AYES:
NOES:
ABSTEl\"TIONS:
ATI1'ST: APPROVED:
City Clerk Mayor
APPROVED AS TO FOR.'1:
Jones HaD Hill & White
A Professional Law Corporat5 on
By: ~~
;t Stephen R. Dsaleggic
Bond Counsel
,,"!'PROVED:
l~ty Manager
Senior Assistant aty At~omt'y
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RESOLUTION NO .
A RESOLUTION OF THE COUNCIL OF I'HE CITY OF PALO ALTO
CONFIRMING ENGINEER'S REPORT AND ASSESSMENT ROLL
UNIVERSITY AVEI';UE CIVIC CENTER PARKING PROJECT NO. 66·08
(For J'jscal Year 1992·93)
TilE COVNCIL OF THE CITY OF PALO ALTO IIOES RESOLVE as fDilo"'>:
Section I; After procee.dings to Llat end duty had and taker. pUrSlla'lt to the Palo A1:o
Municipal Code, a publlc hemog has been duly held O!l. the Engineer's Report and assessment roll
prepared fer the above fiscai year to pay the prinripal and interest on bonds issued pursuant to
Rc.';oIuool'l of Intention No. 38%, ad(;prea by Lie CO'.!Rcil of the City of Palo Alto on Jur.e 13,
1966;
Section 2; This C;)uncil ha:<. heard aU pe!SDnS ha .... ing an interest in any Ieal property
within the parking assessme.nt distric~ has he<1rd all objections., protests, or other written
cornmurl!cations from any persons interested in the real prope-.rty within said district has taken and
,eceived oral and documentary e .... idence pertaining to the matters contained in said report; has
remedied and corrected any errors or informalities m the report and revised and COHt".('ted any of t.ie
acts or detcrrnjnations of the various City offi\::als as contain,eo therein, and is fuDy informed in the
prern.ises;
Section 3: That said Engineer's Repc!t and assessment roIl. and each of the
assessmen~ therein a.s fully revised ;and cD;nx::1ed, i" hereby approved and conftrmed.
Se<:lion ,,: That said report together wirh the certificate. of the City Cle!"k as to the fact
aIld date of approval b.y· this Council, shall forthwith be deJjv~ed to the COUIlty of SantI Clara., and
the proper County officer shall cause to be posted to the tax rolls. in the coll.lrl"'..n pro .... ided therefor
the a.'"nOunt of each of the assessmetl ts proposed to be ievied and col1ected for said fisc-al year as set
forth in said repon as confumed. · ................ .
The fOiegoing R('solution -""as duly and n:'S!.ilarly adopted at a regular mee~ing of the
council c{ the City of Pal 0 held 0(1 the 8 tIl d>lY of J LL'le, 1992 ~y ti~e fQ UO,,"'Plg' v OLe:
AYE$:
NOES:
ABSTENTIONS:
ABSENT:
ATTEST: APPROVED:
City Cleric Mayor
APPROVED AS TO FOR.>.1:
Jones Hall Hill & White
A Professional Law C'-Orporation
By: /7K~
,. Stepben R. Casaleggio
Bond CoJ u.nseI
APPROVED:
•
City Manager
Senior Assistant City A ttomey
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RESOLUTION NO.
A RESOLUTION OF THE COUNCIL OF THE CITY OF PALO Al.TO CONfIRMIl'G
ENGINEER'S REPORT AND ASSESSMENT ROLL
Vl'IVERSITY AVENUE AF.EA OFF·STR~ET PARKI:>iG PROJECT NO. 75-63
(For Fisc.1 Yea. 1992.93)
THE COUNCIL OF THE CITY OF PALO ALTO DOES RESOLYE as fallows:
Section J: .A.fi.eT proc~,.dings to trial end duly had and taken pursuant to the Palo Alto
Ml..!nicipaI Code, a public hearing has been du!y held on the Engmeer's Report and assessment roll
prep'.lred fOf the above fiscal year to pay the prindpal and interest on b.:::mds issued purSllanr to
Resolution of Intention No. 5242, adupted by the Council of the CIty af Palo Alto on August 9,
1976;
Section 2: This Council has heard all persons baving an L'1terest in any real property
within the parking 3ssessment dj5triC~ has heard all objections. pro!e.sts, or other written
communications from any persons interested in the real property within said distric~ ha.s taken and
received oral and dOC"llmentaI)' e ... idence pertaining to the maners Contained in said repon;: has
remedied and ccn-..,cted any errors or informalities in the repon and revised and corrected any of the
acts or determinations of t..'1e various Ciry officials as contained therein, and is fully j nfonned in the
premises;
Section 3: That said Engineer's Report and assessment TOn, and each of the
assessments t'1erdn as fully revl5ed:md corr~ted> Is hereby approved and conftrmed.
Section 4: Tna! said report togemer with the cenificate of'Jle City Oerk as to the fact
and dale of approval by this Council, shall fo:rthwith be delivered to the County of Santa Gara., and
the proper County off}Cer shall cause to be posted to the tax rolls, in the column provided therefor
the a.rI1C'unt of each of the assessmen ts proposed to be levied and ~o llecwl for scid :fi ~-aI year as set
forth LJ1 said Tepan as confumed.
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·-~~'i"''''W''''''"'''''''''''''''''''''''''''''.,"1""'"0, 0'" .".~:;;.:_,. "L
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The foregoing Resol'llior, Was. d!.l.ty and regulaJ.i)' ad'J'Ptt'-d at 11 regl!lar meeting of lhe
cOlmci~ of the City of PaJo he1d or: the 8th day of June, 1992 by the follol,lring V{J!~:
AYES:
NOES:
ABSTENTIONS:
ABSBNT:
ATTEST:
CIty Cl.;-k-----~ -
APPROVED AS TO FOR.."I:
Jones Han Hill & "''hite
A Professional Law Corpord.tion
~/~
By: ~
tephen R. CasaJeggio
Bond Counsel
.'.PPROVED:
--------'---City Manager
Senior A ssistant CitY:~norney
APPROVED:
---~-Mayor
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RFS01,l'TlO;>; NO.
A RESOLUTION OF THI': COl'NCIL OF THE CITY Of' PALO ALTO
CONnRMING ENGLlIiEER'S REPORT AND \SSESSMENT ROLL
UNIVERSITY AVE!liVE PARK',NG PRC'JECTS
(LOT J REFVNDII\;G and 250 UNIVERSITY AVENUE ACQUISITION)
(for'" Fiscal 'y nr 1992-93}
TilE COUNCrL OF THE CITY OF PALO ALTO DOES RESOLVE" foUows:
Section I; After procel"...dings to thar end c\Jl:, had and taken pllI.'>uant to the Palo Alto
Mun.'cipal Code, a public hearing has been duly held on t.he Engineer's Report a,rld assessment roll
prepared for the abo .... e fLscaI year tD pay L~~ principal and intete::.! on. oonds issued pursuant tJ
Resoluuon of Intention No. 6768, adopted by the Council of the City of Palo Alto on April 10,
J :189-.
Section 2: This Council has heard all persons haying an interest in any real property
w~tlun the parking asses:;ment district; has heard all objt;"CtiO!lS, protests~ or other v.Titten
COm.'1lUnications from any persons [nterested in the real property WIthin saId district; bas rUen and
received oral and documentary ev_idence pertaining to the mar..ers containoo in safd repori:;. has
remedied and corrected any errors or informalities in the report and reviSt'..d and corrected any of the
:Jets or dete:rrtlln&tions of the various City officials a:;. contained therein, and is fally i!1forrned in the
premises;
Section 3: That said Eng:nc~r's Report and assessment roll, and tach cf the
assessments t.1erein as fillly revi..",=,d and corrected. is. hereby apprm.'ed and confi.nnt"..d.
Section 4~ Th .. t said report together with the certificate of the City Clerk. as tiJ the fact
and date ofapprovaI by this Council, shall fCrthv..1th be: deuvered to the County of Santa Oara.. 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 asses~mems proposed t';,) be levi.ed and coUccted fiJr said fiscal year as set
forth in said n:port as confirmed.
... .............. II< "
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The foregoing Resolution was duly and regularly adopted at a regw.ar meeti.'lg of the
council ofL'I:!e City of Palo held on the: 8th day of Jli!'l~. 1992 by The follQ\ving -.. ote:
AYES:
NOES:
ABSTE!,mo;>'s:
ABSENT:
ATTEST: APPROVED:
City Clerk Mayor
APPROVED AS TO FORM:
Jones Hail Hill & Whit.
A ProfessioDa! Law Corporation
~ By: '1(_ _ _ 40PhenR. aleggLo
Bond Counsel
iv'PROYED:
City Manager
S~njor Assjstant City AtU;~~e:v
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--'~~~_ OJ '" 'P~""""">i'!!~"" ,_ L
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EXHIBIT A
UNIVERSIT'{
A VEl-WE
Parking
Assessn1ent
District
rul.:in: Lots
.. 250 LTni"e!"sitr "venue
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CAUFO R:\JA A VEi\UE
Pal-king Assessment District
EI Camino P,,, .. \
Bounder-y _~._ •• _ ... _
;~,
I :c '.~I) , '.c
EXHIBIT B
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Address
Parcel Number
101 Univenity
120-26-102
Total
421 Kipling
120-IS-022
Address
Parcel Number
IO! Univorsity
120-26-102
Total
421 Kipling
120-15·022
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EX1UBIT C
June 8, 1992
UNIVERSITY A VENUE DISTRICT AMENDMENTS
Assessed
Square
Use Feet
20C 36,822
ISS 2,860
VAC 1,638
39,682
20C 2,892
Assessed
Squ:rre
Use Feet
20C 35,714
158 2,860
VAC 2,746
38,574
VAC 2,892
Preliminary Roll
Par.. Park Squa.-e
R"'ld Prov. Footage
147
II
0
158 39 29,887
12 6 1,446
Amended Roll
Park Park Square
Reqd Pro ..... Footage
143
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a
154 39 28,805
0 6 0
A$S{;ssments
75-63
896.88 1,097.92
43.40 53.12
A..s_~_~
66-08 75-{)3
865.44 1,059.44
0 0
L..'>t JI
250 Ur.lv.
8,147.22
394.18
Lot JI
250 Univ.
7,S61.66
0
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!:lUJ.liilLJ.l
CAPITAL IMPROVEf.1ENT PROJECTS FINANCED BY ASSESSMEHT PROCEDURES
USING G-BONOS --UNIVERSIT'i AVENUE AHEA
PiHJ6 1 Ul L
-~~-~-------.----------------------~----------------------------------------------------------------------, 'c"l"mm ISSUE AMOUNT OF PURPOSE OF ISSUE DA1'E DATE OF ~NTEREST r-I BONO rSSUE; ISSUED MATURITY lUTe
. :---------------------------------------------------------------------------------------------------------<lniveraity}\venue $ 975,000 Ccnf;tr;uction or. the civic Center 4/22/68 7/2/93 5,'39\
l'rojact 66-e Parking Carage
nniversity Avenue
f'roject 75-63
$ 791,000
(lBt hsue)
1) Acquisition of phrcela and
construction of Bur.face
parking faoilltiao .t
Kipling street nnd Bryant
street.
6/13/77 7/2/2000 5,89~
$ 175,000
(2nd issue)
2) Relocation ot persons and
businoss occupying properti,~s
acquired.
5/2/80 7/2/1981 9. ~5\
thru o
University Avenue
Lot J
Refunding and 250
university Acquisition
$6,420,000
J) Fedsibl1Jty study encompassinr:t:
o Improvements to existing on
and off~strect parking
facilities.
o A downtown pilJ;k~n9' structure
o Possible aCq1.1191tl0n hnd
improvel1l(.·nt of additiclnal of [
street parking.
o Oppnrtuntttes for enco1.1rRqing
and providing for alternativQ
tranHportatton modes for
employees and customel7's.
o Multiple use of parking
propert.ies "nd 5tructure~;.
Ch9cking and monitorin!)
Saturday parkj.ng.
o i\sses5ment or' forese('ablC!
si~nific~nt ch~nges in lanrt
llS~ in terms of their impact
on the nature c)f park,ing
dem8nd within the l\gsessment
oi.strtct.
Desi9n and Constructloh of Lot J
Park:tn9' G."lra.ge on Existing Lot.
Acquia~tion of On~ l~vel of
plSl"king gilrllge a't 250
Un i versi ty l\venU(~
7/2/1989
2nd IBsue 1/2/1990 9,50\
thru
7/./199)
7/'/1994 7.25\
thru
7/2/1995
)
1./27/89 9/1/2006 Sari.l
Hond
5,7~i-6.90\
I
-i
1
~i'
j
.,'
_~' .' i'"
r 1
j
"
&XtIIBIT D
CAPITAL IMPROVEMENT PRQJ~CTS FINANCED BY ASSESSMENT PROCEDURES
USHIG G-BONDS --CALIFORNIA AVENUE AREA
Page 2 of 2
--~--------------~-~--------------------~-----------~------~--------------------~-----------------------ErlND ISSUE AMOUNT OF
BOND ISSUE
PURPOSE OF ISSUE DA'rE
ISSUED
DATE Of' INTEREST
MATURI'rV RATE
-------------------------------------~~---------.. --~-~--------------------------------------------------
Callforhia Avenue
Project 69-9
$ ]90,000 construotion of the CalltornilJ. 4/;:12/66
AvehUe Parking Garaqe and a
surface parking lot at the corner
of Sherman and. Ash Streets.
'1/2/9) 5.56\
~ California Avenue $ 420,000 Acquisition of three parcels;
construction of two parking
lots on these parcels; and ;:,
1/2/75 7/2/2000 Bond N«t)
1-48
I
l"roject 71-63
'_~alifornia Avenue
Project ~6-01
$1,325,000
feasibility study or a parking
structure of two or the parcels.
Acquisition ot t.wo ps'("cels makinll ",/24!lS'l
up exist~ng surface parking lot
on CarobrLdge Avenue; construction
of interim improvements to said
pfH"cels; and a Feasibility Study
encompassihg:
o A park.inc,r st.ructure for the
combinat.l.on at' Lot C-) and the
two parcels.
a A parking structure tor Lot 7 on
Shermah AVenuE! between Birch and
Ash.
7.0t
Bond Nos.
40-84
7,5\
9/20/200'1 Serial
Bond
tl.7t-9.251
')
·.i)'.<t',
.. '
,
UNIVERSITY AVENUE AREA PARKING DISTRICT
RATES ANNUAL ASSESSMENT
f-
° ,,0, ,," 'h~ 0
' "'~'. '" 0 ... I .. '. .. 0' , ~ .... _--., .. .. .. ' ,'. w
~ « :J 0.3 " " ,,'On,.. 1, o~
", ",'h \ ,{j'? ~{.,....... • .......... ~ .......... ~" ''bo' ...... ~ .. _ .. o
(j)
..........
W f-0 ") « . ,-
~
f
Z
w
2
IJ)
IJ)
W
IJ)
(JI «
0.1 r-
0.0 I-
'0
<0°
, ,,'" "
'()
.... va 0 ~O'/
81 82
-" o _ ~
" ," ~~ ro'tJ
<.~\.' .. 'J ,? '.>0 0,'1-,
>' C\~ t~ <i' (~ ')' ~ ~ ~
Cl " ,) '.J Sl Q \) ""1-~--i=~ ~ ~ --'0 '0 '0 7.; "~~ 'or ·c:.;: -0.
'0,)'0
Q
'11'.,9 'fT v,. '-'II'
'-'il'/ <J°c'
--:5'6' .,' ,J> '-';' .... s r:t
<{5' 0
83 84 85 86 8] 88 89 90 91 92 93
82 83 84 85 86 87 88 89 90 91 92 93 94
YEAR
EXIIlBlT [~
Proj€( t
66~08 --
Pro[ect
7'j~63
-__o_-
PrC'i ect
82-33
(Lot 'J) ---.. ....o---~_
Lof J Refunding
end
~50 Univ. AV8.
........... o()o .......... .
()
.~~ ...................... ga ..
i
\ •
'.
~
f
" C" ,'j r'
-~
f
i
~
r'
,.
W
~
'"
CAliFORNIA AVENUE AREA PARKING DISTRICT
ANNUAL ASSESSMENT RATES
<-
Proiect
65-09 -o
o LL 0.:0, (¥! 6 6 6 6 ~S
QO 0 0 GoO
w
Ct: «
=:) 0,08
o
Vl
~ m ~ m ~ rn o 0 Q <~ 0 ') t-----... -... -.,
I ,
I \
~ I ,
~ I I
"--
'8,1 ~ \
4 /~~,
L,J
f--Q.06 r ~ < ~
Ct:
,-
~ 004
:::>
fJ)
fJ)
• ~
~ a
"' co
I
I
~ ~
~ ~ ~
~ W) ~ ~. ~ 0 ~ 0 ~
• ?'
o r_o8 ... ~~ ... 66
o ........ -....... Oq, ....... ,J> ~,; ..... " ., .... 0 ,
.,.. ..--..... '
I ~
I
:g "
, I ~~
\ I 'C
" • ~ '. o
" ..
"' 0
N "' '" " 0 "' 0 c-,.
c'
" " • "
Proi set
71-63 --..... --f
W 0,02~1~, __ ~~~~ __ ~~ __ ~,~ __ ~~ __ .-L __ ~~ __ ~~ __ ~~ __ -L __ L-~ __ ~~~
fJ) 75 76 77 78 79 ao 81 fJ)'--, -,,--'--, , , « 76 77 78 79 80 81 82
JtL 11,.5 94 11~ ~6 51 8~ IJ9 90 '1,1 92 93 94 _;J_~ ~§
83 84 85 86 87 88 89 90 '" 92 93 94 ciS 96 9? ",
YEAR
EXHIBIT F F').'(T(, ''''t-. .-1 of 2
\
i
l
I
I
i r
I
,,--;,,-.;.',
'-'~: :. , ,
'.
•
~ -~---------------------,
CALIFORN'ri. AVENUE AREA PARKING
ANNUAL ASSESSMENT
Project 86-01
LMW ASSESSMENT
DISTRICT
RATES
~ o lOr--
e 0.08
~
~ 0,04
02
~
% sg 0.02
~ v",
~
'" 0' «
. . • §7 .e....8 ~:::< -~_Q ~, .J~ 2J ~4 95 22
88 59 90 91 92 93 94 95 96 97
YEAR
~ ~ BUilDING ASSESSMENT
~ 8 1..------------'---------------.
3 ~ ~
tq l t;:; 6 v. «
co
~ or
'-" ~ 4
1
~~ -~~'5~~~~9-~9~'Q~ ~"~~,-~j
.So-1 ~2 9 ~ 24 95 .1_§
88 89 90 91 92 93 94 35 95 97
YEAR
EXHIBIT F