HomeMy WebLinkAbout0338.093~~~\
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June: 10, 1!f93
7HE HONORABLE CITY COv;'"':IL
Palo Alto, C'alifcrnia
Public BeA.ri.ngs AssessTne::1':s fQ.r~
Cal_ifQ.:r,:nia Avenue A~_§'2_9rkino BC'Jds
r-.ierr.bers of the COi..lnGil:
Each year a public hea.!"ir.g is held en tf'.e: asseSSr.1ents fol' the
pa~king bonds for the University Ave"ue Area ar:d California A·.ren'J~
Area, as reg'..lired under Sectior: 13.:'6.150 of the Palo Alto
Municipal Code (Exhibits A ar:d E). This report describes the
assessrr.ent set.ting procedures a:-~d recorr,:nends t.hat Ct)uncil adopt
the attached resolutic.ns estab::isr.i;:g ~993-.94 aSSe9St!len~ ratef3.
Background
Parking bonds issued under Bond Plan "Grr :Secti;::.:: 1] .16 .15(), Palo
Alto Municipal Code) req1..1ire that a public hearing be he~d annually
{the 6eco~d Mondesoy in June) on the assessm-:nts which must be levied
to pay principal and i~terest on the bonds.
The purpose of the pl1blic hearing is to allcl' ... · each in-q;erly o;""""'e::
the oppcrt.ur:ity to ':r~es::,c~l U:e comp!..<':ati:m of r_is/1-"-er assess:rer:t
a:,.d th.;;. elc",e.:lts which ccmt:rise it. tr,at_ is, the. squi:irE: rootage cf
each occ:upie-d ouildir,g, the off -street pa..rkj n,:; yequirt·,:ne~lts fcY" tr,,f'
usagE;:~ and the off-stree.t. parkir~g pycvi.ded. Assessmsnts are. l€vied
on the basis of buildir.g square footage, I.,ith a credit gi.ven for
the cff-·street parking provided by the pI'operty o\>mer,
An 5ddendu;f, is attached, · ... ·hich lists cnanges !j.ac.e to the 2.ssessment
rolls since the estimated assessments were sent to property o ..... -ners
...... ithin the aistricts O!"_ May 14, 1993 I,Exhibi.t C.'I _ ?he addendum
modifies assessmCl1ts du.e to recent char:ges in busir::ess site
co:::ditior.s (square £oetage, vacancy, etc.) byc;..:.g!'"~t to s!:aff's
attention by property ow:n~rs since thaot comp;.;ta::.:.:'on was prepared.
Since the hearing itself is the property o"'·:-.. ers legally prescribed
process for questio::1ing the basis of assessmr~:'l:' and advocati::l.g
thr:ir individual circl..:.ms::'ances, it ?r.ay t'e necessary to have a
second addendum. availabl ~ at.: the: CO'.lr~cil :r.eeti::,.g 'i/oo'h::'ch re~ leets
CMR!338~93
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changes bro-..;ght to ::':.a~f's -3:tentio:1 c.:v€:-:: t:-,-;: las'::. iQur dal's. T:'e
publ ic hea~ing for Ol"l.e 0= botr. 0: t::e a'S~es:;r;,('nt districts may r.ef'"od
to be continued, if last m':r;-.;te ip.:orr.tati,:JH brought fo::'"w3.yd by
property OW:lers caneat be vez i f :'ed ar.d i:1cl ude-d ir. the amenced
rolls pri er te, the hea.ri::1g.
Discus~_;'_Qn __ of AssesGment s
By virtue of the p:=-i':)r eSlablish,nent cf tT.€.' distri.·::ts a:t'!:J isS--';,3.nce
c,f debt, Council actio::1 is re:y.!irea. to l~vy assessments fc'y t::e
[our active p~rking projects. These &ssess~e~ts will be utilized
for the payment of prir.cipal ,3nd i".tere.st ':)r~ 'bor::ds · •• ibic~ .... 'er-e
issu-ed pursuant t-o the attach€d reSOll.,,;tions.
The four active projects are liEted a~d described as follows:
1. Ca1iforn.ia _~Ven'Lle pistrict;., i?;;-:.Q"'ect 71--63~
Lots .'it the corr.ers of Camc,r::. o.qe and Birch~
Birc:r-~r and a Fe:;tsibi 1 ity St.udy Eor ;;. pa::-king
of t."'::l.e lots.
Sc;.:r-face Pal<king
and Snerm:li.:l and
structure cn one
2. California AVeU1Je Keystoi1e Lot pa:r;-_t:..lp.g. Pro-.Te.:-t 86 -01:
Surface Parking Lot O!: Car..!:,xidse Avenue, constt"uctic,n cf
interim improvements. and a Feasibility Study fo~ a parking
structure on the lot.
3. tiniversi ty Avenue District. PI".9llct. 75-63: Surface Parki-ng
Lots on Bryant Street and at the Ccrner of Kipling Street dnd
Lytton }we:nue, and a. Feas~bility Study for a downtown parking
structure,
4. Unive_:r-sit.y Avenue D'istri_r.:..!:..... Lot J Rcfundingm_?>::Jo 250 G..-d_vers:Lty
Avenue ACcr'.;.:i,._Ei-nt..J.O::i: Re~inancing c~ bCl!-~ds 0::1 ar~ cxis: iv2' five
level parking garage [Lot J) and a::quisition of U:1e le~\I~el of
p:.lblic pa:rking (250 University A'/'2,!1'je)
Additional det:ai 1$ about tt.e G--bond Capi tal Improvemen~ proj ects
can be found in Exh . .'ibi t D in the Appendix. The a':tach~d
assessments reflect the tact that project: 56-OS in :he University
Avenue Distri,::t and project 65-0.9 in the California A'tenue District
were fully paid off '",ith the FY 1992-93 assessments. This means
tha~ the assessment in the California Ave~~e D~strict is
apprr;lxima:tely 13 per<.:'ent lowe!" tha.n i.r. ;:;'Y 19.92-93. ard that Cb.e
University Avenue District Assessmen':. is lower by approx:irr.a':ely 7
percent.
The assessment rates for 1993-94 peY srr.1are foot of _~djusted
building area and the amount lC'Irjed .Ee:c each project are~
a.,R.: 338: 93
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PRO .. ..TEeT
?SR ADJ~':STE:)
__ ---'B~'~,r""')G_"__2Q_.'._... __ f:_QJJ TA G E
1. CJ.lifo:c:~ia Avenue D~strict, f'rc-ject
71-53~ Cambridge Ave. S-..:.:r-fa,:e
Parking Lot and Feasibility S':.:.;.::.~·
2. Cal ifc,.:-nia Avenue Keyst'::\::1~ Lot
Parking, Project 86-01; Surface
parking Lot on Cambridgo: .~ve:'..'.le,
construction on ir,teri;r. impru· .. ·e
~ents and Feasibility Study
3. Universily Aver.ue District,
project 75-63: Surface ?arking
Lots an Erya~t Street and the
co~ner of Kipling and Lyttar. arn
Feasibility Study
4. university Avenu~ District,
parking Lot J ReL.:..nding and
250 University lWenl.l€ Acq .. Li Sl ti::.n
*Rate per weighted assessment factor.
++Rate per land square footage.
"'$3.45::8
""".$:) _ ['14 9;_
TCiTAl.1
$0.2729
~O:"LA.~S
___ L:f:~·\'·I2D
$39,37S.GC
$97,422.70
32.474.3C
$12:3,897.00
.$83,811. 00
$582,673.00
Exhibits E and F in the Appendix are graphs which sho~ assessment
rates for the Districts for prio!:" years. The cost ,:;,f the Cambridge
Avenue Garage in the califo:::'nia Avenue area, schedu1ed for
construction in 1994, is not included in these ass-::<SSt71ents. !-.s a
resl...lt of the project, be-nded i~debtedness in the California Avenue
Parking Assessment District will rise from the c'J.t".r€:J.t $1,7-45, 8·:J·:,
to nearly $4, {J ca, 0':::,,]. The formation cf an asseSS~Eer:t d:'strict for
this p-.lrp('!se will tai<e place in Sep~ember 1993. T~A iffipacts on
assessments \ll'ill be disc',lssed at t"hat tine in de~ail_
On December 17, 1984, C~uncil increased parking permi~ fees in the
california A,,~enue Parking Dislricc to pay for all :i,aintenance
costs, including sweeping, landscaping, signir,g :o.:1d lighting.
Staff has been acc',lTl'.ulating information about the act .... al cost of
mainte:lance via. t.he new accoL<nti:J·; 3Y9tem. Based O!1 the past fOL:!"
fiscal years' experience, no n~:ntena~ce assessment will be levied
for IT 1.9.93-94. If IT.3.ir.tE'_nance cc.sts eX<:>2ed per;r.it reve:lues in any
future year, the shc,rtfall .....,i ~ 1 be recovered by levyinq an
assessment as p~ovi'::led for in the '-:'alifor-nia l1.ven":.le Off-st-reet
Parking Maintenance District.
CMR:J38:93
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For the purpose 0: envi:n:mme:ltal irrlpact assess:r.--;;>r.t t:-r,oce':::..;:-es, this
is not cO::lsider:=d a project. 'A.:. er~·.'ir-.:;:'nr!~~r,t.al a$'se.ssrr"~r,:. is net
required.
Staff recoTilme~ds that CQc;.T:.'Cil
.:::onfin::ing the En9ineer' s RepcTt
• Califoz-r.ia AVemle District, • California Avenue District, • University Aver.ue Distr::ct, • Uni·.~ersit'i Aven'..:e District,
adopt the atta=hed resolutions
a:'1d AS5es.s~r:er:t Raj 1 for:
Pr--oject Nr.;J. 71-63,
r:r(lject No. 86-01,
Project ~;:) . 75-53.
Let. J Hefu!1dir..g -3.:1d
250 University Avenue Ac::rui.siticn
Respectfully submitted,
h~ GEORGE BAGDON
~~sistant Director of Public Works
~ 4'-/!~'>Z: k;
GLENN S. ROBERTS
Director of Public Works
~~
City Manager
At.tachments: 4 Resolutior..=
Exhibit A '_'n:versity Avenue Bow.rJdaxy Yap
Exhib:.t E Califc::-nia P.ven:~~ 3':;:1.Jr.,j,a1."Y :-lap
Exhibit C Acde~d~D
Exhibit D Cap:.ta2. Ir1prc-ver:1ent_ proj~cts
ExIlib::" t E -';-JYLi v-ersi ty A·.~er.'..te Assessment Pates
Exhibit F Califc:r-nia Avenue Assessment Rates
cc: California Avenue Area Deve 1 opmeDt Asscci;:!.ti,::m
Downtown Property O.omers Group
Chamber of Comme~ce
CMR ~33.a: 93
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RESOLUTIO, .... ~O.
A RESOLUTION Of THE COUNCIL OF THE CITY OF PALO ALTO
CONFIRML"IG ENGL'iEER'S REPORT AND ASSESSMENT ROLL
l'~IVERSITY AVENUE I'ARKP.iG PROJECTS
(LOT J REFUNDING and 250 UNIVERSITY AVE~liE ACQUISITJOS)
(For Fiscal Year 1993·9~)
THE COUNCIL OF THE CITY OF PALO ALTO DOES RESOL '-E as follows:
~ectfon 1: After proce~d.ings. to that end duty hed and taken pursuant to the:: PaliJ }Jrc
Municipal Code, a public heariflg has been duly held on the Ef!gineer~s Repon and assessment roU
prepared ror the above fiscal year to pay the pri..1.cipal and interest Lln bends issLled pur.';llant to
Resolution of Intention No. 6768. adapted by the Council of the City of Palo Alto cn Apr.J 10.
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, Oi other '.WTitten
corrnnunicGdons from any persons in~sted in the real property within said district; has taken and
received oral and documentary evidence pert.a..ining to the matters contained in said report; has
remedied and corrected any errors or infonnalities in the report and revised and corre.cto.I a.'y of the
acts or determinatior,s of the various Cit)' officials as cl'ntained therein. and is fully informed .in the
premises;
Section 3: That said Engineer's Report aild assessment roll, and each of the
assessments therein as fully revised aIld corrected. is hereby approved and confmned
Section 4; That slid repon together with the certificate of tie Cit)' Clerk as to the fact
and date of appro va] by this Council. shall (orurl,Jr,rith be delivered to the County of Santa Clara, .ir.d
the proper Counry officer shaIi cause to be posted to the t.a.x IOnS, in the column provided therefor
the am:mnt of each of the assessments proposed to be levied and coilocte:d for said fisca! year as set
forth in s:1id Iepon as confinned.
• • • • • • • • • • • •
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1'n(: foregoing Resohnion wa:: duly and leguiarly adopted at a regdar meeting of the
Cound ortl1~ City of Palo .AJto held cn L1~ l·hh day of June. 1993 by tile fCIDo,",1r.g VN.e:
AYES:
NOES:
ABSnN'hoNS:
ABSENT:
A1TEST:
CityOerk
APPROVED AS TO FO!&t
Ion .. Hail Hill & White
A Professional Law Corporation
BY:~
Stephen R. Casaleggw
Bond Counsel
APPROVED:
Gty Manager
Senlor Assistant Ci ty Attorney
APPROVED:
Mayor
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REsou:no:, 1'0.
A RESOLUTION OF THE COU:-;CIL OF THE Cfn-Of PALO ALTO COMIR~rrNG
ENGINEER'S REPORT AND ASSESSM<:NT ROLL
CAUFOR"IA AVENVE KEYSTONE LOT PARKING PROJECT NO. 86-01
(Fo< fiscal Year 1993-94)
THE COVNClL or THE cny OF PALO Al.TO DOES RESOLVE as fQUDWS:
Section 1: After proceedings to th .. tend duly had and taken pursuant to the Palo Alto
Municipal Code, a public hearing has been duly held on the Engineer's Report and a5sessmentrol.1
prepared for the above fiscal year to pay the principal and interest on bends issued pursllant to
Resolution of Intention No. 6485, adapted by tlJe Coun.;il of the Gt)' of Palo Alto on Januar)' 20,
1986;
Section 2: This Council has beard all persons having an i.nterest in any real property
within the parking assessment district; llas heard all objections, protests. or other wrinen
communications from any persons interested in the real property '~r'lthtn said district; has laken and
received oral and documentary evidence pertaining to the matters contained in said report; has
remedied' and correeu:d any errors or informalities in the report and revised and c orrcctcd an)' of Lie
acts or determinations of the various City offidals as contained therein, and is fully informed in the
prmUses;
Section 3: Tbat said Engineer's Report and assessment roll. and each of the
a..<;:.essments therein as fully revised anc corrected, is hereby approved ::rnd c-onflITneJ.
Section 4: That said report toget.lJer with L'le certificate of the City Clerk as to the fact
and date of aJ.'proval by this Council, shall forthwith be delivered te the County of Santa Clara. and
the proper County officer shall cause to be posted to the tax roils, in the c:olumn provided uH."refor
the amount of each of the assessments proposed to be levied and coilC'Cted for said fiscal year as set
forth in.said repoM as confirmed.
• *' •• * .. II-......
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.t 1.
The foregoing Rescrlution was duly I!nd regularly adop:ed at a regilJal mee~J'1g of :re
Council of the City ofPalQ .. \I!o held Qn the 14th da)· of June, 1993 by t~e foUov.il1g vote:
AYES:
NOES:
ABSTENTIONS;
ABSENT:
ATTEST:
Ciry Clerk
APPROVED AS TO FORM:
lones HaD Hill & ',Vhi'"
A Professional Law COlporation
~ By: ~gio
Bond Coun sel
APPROVED:
City Manager
Senior Assistant City AnornC:Y:---
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APPROVED:
Mayor
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RESOLt;TlO~ )1:0,
A RESOLUTIO!'i OF THE COL!,;CIL OF THE CITY Of f'AlO ALTO CO!'iFIR\ll:-"G
ENGI!,;H:R'S REPORT AND ASSESSMEl"T ROLL
UNIVERSITY AVENl'E AREA OFF·STREET PARKIi'iG PROJECT NO, 75·63
(For Fiscol Year 1993-94)
THE COUNCIL OF THE CITY OF PALO ALTO DOES RESOL VE as foDows:
Section I: After proce:~dings to that end duly had and taken pursuant to the PaJo Alto
Municipa1 Code, a public hearing has been duly held on the Engim:er's Rt:pon and assessment roll
prepared for the above fiscal year to pay the prindpal and interest on bonds is~ued pursll,ant to
Resolution of Intention No, 5242, adopted by the Council of ;he Cioy of Palo Alto on August 9,
1976;
Section 2: This Council has heard all persons havin.g an interest in any .real property
within the parking assessmen: district; has heard all objec-.ions, pwtt'.SLS, or other vmtten
conununications from any persons intereSted in the real property .... it.Wl said district; has taken and
received oral and documentary e .... -jdence pertaining to the matters c-onta.ined in said repo~ has
remedied and cotTeCt.ed.any errors or informalities in t.~e repon and revised alld corrected any of the
act5 or detcrnllnations of the various Cry officials as contained therein, and is fully infonned in the
pmnises;
Section 3; That said Engine.er's. Repart and asseSSmeil.i roll, and ~ach of the
assessments therein as fully revised and cDrn:Ct~, is hereby approved and cop.tirrned.
Section 4: That said repon together with the certificate of t.ie City Clerk as to the fa"Ct
and date of approval by tIm Council, shall forthwiLi be delivered to the County of Santa Clara, and
the proper CoiIDty officer shall cause to be posted. tu the tax rolls, in the co1umn provided therefor
the amount of each of the assessments proposed to be levied and coIJected for said fLs,cal year as set
forth in said repan as confirmed.
~ . . . . . . . . . . .
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The forcg'Jing Resolt:!ton was duly and regularly adopred at a regdar meeti;,g of th::
CouncD: of the City of Palo Alto heicl on the 14th day of ~cr..e, 1993 by lhe folJO'.l.1ng V0r~'
AYES;
NOES;
ABSTE!'.'TlONS;
ABSEr.'T;
AnET;
APPR OVED AS TO FORo\!;
Jones Hall Hill & White
A Professional Law Cmpcration
By. dtL
;::> St.epht:n R. CasaIeggi D
Bond COlll1 sel
APPROVED:
City Manager
Seruor Assistant Ory At".orney
APPROVED:
Mayor
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RESOLUTION NO.
A RESOLUTION OF THE COl;:\,CIL OF THE CITY OF PALO ALTO
CONFIRML"OG ENGLI\'EER'S REPORT AND ASSESSMENT ROLL
CALIFORNIA AVENUE OFF·STREET PARKDlG PROJECT NO. 71·63
(For Fiscal Year 1993·94)
THE COUNCIL OF THE CIT\' OF PALO ALTO DOES RESOLVE as follows:
Stction 1: After pro«edii1gs tD that end duly bad and taken pursuant to th~ Palo AItc
Murddpal Code, a public hearing has been duly held op the EngL"l.eer's Repon and assessrr:ent Nil
prepared for the above fiscal year to pay the principal and interest on bonds issued pursu.ant to
Resolution of Ir.tentioD No. 4993. adopted by the COllncil of the City of Palo ,A.,lte on $cptember
10,1974;
Sec-tion 2: This Council has heard all persons having an i"lterest in any real property
wtthin the parking assessment district; has heard aU obje::::tions, protests, or ol~er wr:tten
corrnnunications from any persons interested in the real property w~thin said distdct; has taken and
received oral and documenta..ry evidenct: pertaining to the maners contained in said report:; has
remedied and' corrected any errors or infonnalities in the repon and revised and corrected any of L'.J.e
acts or dete:rminations (If the various City officials as contained therein, and is fully infotmf:d in the
premises;
Section 3: That said Engineer's Repert and assessment roil, and each of the
assessments therein as fully revised and corrected, is hereby appro\'ed and confirmed.
Section 4: That said repon together with the certificait:' of the City Clerk as to the fact
and date of approval by this Cooncil, shall forthwith be de~vered [0 th, County of San .. Clara, and
the proper County offICer shall cause t(l be posted te the tax rolls, in the column provided therefor
the amount of each of the assessments proposed to be levied a.,d coUected for said fIScal year as set
forth in .said report as confirmed,
" .... " *' '* :$ " :$ ....
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The: foregoing Res0!ution was duly !n,j regdarly adoi't~d J! a regular r..eeting of the
CO:.l'lCU of the City of Palo Ai\D 1'l::-id on ~e Ull d;::y of Jl:ne, 1993 by frle fclIlowing VOl:::
AYES,
NOES,
ABSTENTIONS:
ABSENT:
ATTEST,
CityOerk
APPROVED AS TO FORM:
Jones Hall Hili & Vihite
A Professional Law Corporation
BY:'~c~~~~' ~_
Stephen R-Casaleggio
Bond Coun scI
APPROVED:
Ciry Manager
Senior Assistant City Attorney
-2-
APPROVED:
Mayor
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Slre~t
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C\[\EHSITY
\\E\'UE
Parking
Asse SSlllcn t
Dis!rict
Boundary _ ... _ ... _ .. __
r--' '-.. " :', >-.:;,;Y~
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ii, I;;, C_~:jLct E ! ~
J L ______ J E I --.-------------i ~
Street.
~~treet ,-
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Street
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EXHIBIT A
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C\LlFOH\T\ .\\'J::\TE
Parkillg .-\s':'E'ssrncnt District
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P,Jh;il: P;,r:klt.g L ts;
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A"'it"~.~UI,"[,t_ Di~f_rj('t
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P-R(lIMIIiARY ROLL
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PARCH NUN8fll
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EXHIBIT C
June 14, 1993
UNIVERSITY AVENUE DISTRICT AMENDMENTS
CALIFORNIA AVENUE DISTRICT AMENDMENTS
Al1fNDfD ROl..l
ASSEsun A!;SnStlENfS AS'ifS'iEO MiSESSfIIEIHS
SQUARE PARK SQlJArcF 5QU~E PI\RI( "ARI( SQUARE
F!:ET REaD fOOTAGE fI'i-(1Q 71-61 86·01 USE Ff.!Ef IIEOO PIIOV FoorA,(I( 6"-09 11-6] 66'01
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£;)(HIBIT R
CAPITAL IMt'RO'lEMENT PROJECTS FINANCED BY ASSESSMEN'r PROCEDuRES
USING G-BONDS --UNlVERSI'I'Y l\VENTJE AREA
BOND ISSUE
University Avenue
Proji~ct 75-63
AMOUNT OF
BOND ISSUE
$ 791,000
(1st issue)
$ 1'75,000
(2nd issue)
Unive!.~E'lity Avenue $6,420, DOC
Lot J
Refu:l.ding rind 250
Oniversity AClluisiticn
PURPOSE OF ISSUE
1) Acquisition of parcels and
construction of 8Ul:face
parking facilitieB at
Kiplin~ Stroet and BryaIlt
Street
2) Relocation of penlons and
busineas occupyin'J propr~rtieB
acquired
3) Feasibility atudy encompassing:
• Improvements to existing on
and ott"-st:r:eet parking
facilities
• A downtown parkinq structure
• Pooslble acquisition and
improvement of adrhtional 0ft
street parking
• Oppol'tunitJ_el.1 fOr encouraging
,"lnd providing for alternative
transportat.ion modpf~ fn1'
employees <;\nd customers
• Multlple lise of parking
PJ:op(~rt_iNI and struct-ures;
Checking and monitoring
SatlJrda.y pi:i1'King.
• As~essment of forefleeable
signiU.cant changes in land
use in terms of the.ir impact
on t""he naturB of parkin9 demanrl
within the Al3sf'sament DHltrict
Df)Ri.qn and Constrllction of I~ot J
P{)rklng Garage on existing lot;
Acqu.lsilion ot one level of
parking gan~gp.. at 250 UfllverHity
Avenue
DATE
ISSUED
6/13/77
5/2/80
2nd Ia~Jlle
12/2"1/89
DATE OF
MA'I'URr:ry
7/2/2000
'1/2/1981
thru
7/2/1989
7/ /1990
hru
7/ /1993
7/ /1994
hru
7/ 1199~~
Page 1 of 2
INTEREST
RA',tE
5.89\
9.250
9 . ~)%
7.25\:
)
9/1/2006 S~rial
Bond
5.75%-6.901
I
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BOND ISSUE
California Avenue
Project 71-63
Cdlifot'nj_a Avenue
Project 86-0]
FutJll~ project
CaLiforn
Proiect
(Keys tOll
a Avenue
9213
lot)
IDllili!ILl!
CAPITAL IMPIWVEME:NT PROJECTS FINANCED BY ASSESSMHN'f PROCEDURES
USING G-BON1)S --CALIFORNIA l\.VEMJ£ AREA
J\I-10UNT OF
BOND ISSUE
S 47.0,000
$1,325,000
$----------
t.o be deter
mined
PURPOSE OF ISSUE
AcqU~9ition of thr~~ parcels;
conRtruction of two park.ing
:Jots on these parcels: "nd a
f",aaibllity study of a parking
Btruct.ure of two of the parcels
Acquisition of twa parcels making
up exleting 8l~rface parking lot
on Cambridge Avenue; conBtruct.ion
of interim imp-rovelllent.og to Baid
par-cell'l} and d Feasibility Study
f:'IlCOmpaHsing:
• A pa~kin~ fJtructure f~)r the
comb.1nat.1on of Lot C-J and the
two parcelfJ
• A pa:r-king structu~-e f<)r T,ot 7 on
Sherman Avenue between Bi,/;'ch and
Ash
C'om,t_:t'uction of: ~ two leveJ
parkinq struc!ture on lot ('-3
and the two parcels
DATE
ISSmm
1(7.(7S
4/24/87
10(91
i . -----.~,~-----------------.. -~-.-~--~-~
,'-
Page ~ of 2
!J1\TE OF
MA'I'URI'l'Y
7(2(2000
~/20/;~007
to b8 rl",
t-01"mined
-::NTEREST
RATE
furl N;E,
l-4R
7.0%
Burl >rn.
40-84
7.S%
serif)
Bond
6.71-9.25\
to be )j
lennl.
.j. ,)
"
,
I
,.',
1
.... ,j1~4~!,c:~';~1~~~~ .:' \,
r i
I
UNIVERSiTY AVENUE AREA PARKING DISTRICT
RATES ANNUAL ASSESSMEN1'
f-
o "',,0 {;
o 0.4 " ," " 0"" ~ .---._--, " "" " LLJ
Ci:::
<t:
~ a
if)
"-W
f
<t:
Ci:::
f-
0.31-
r
0.2 I-
I-
" .., ," ",0, "e~ 'I-.. '\ (::J '1,;-••••• .0......... . Y
" e'b ",'" ,.... • •• n ......... ., .......... . "-..:' ... _ ........ .c;.
Z 01
W · rtJ' 4.) o...'\. " "
-'1-) ',' o;.t-. <--}" ,) <h' ", a .... '\ ~ <)~-aV, ~)-) (} ($')' to'-,"'-0,,) ~t;1. \-,<'" ~\ 4 0'0 i~'1-
-L:.-. ........:-. 0 o~ ()"':i () ~) <J"':! ()J ,,;-.
(.f) '0 r! '(} '0 .. . -"'---.0
{/) .... ~v 'j,"t\ V 0 0 '0
J S.s u'" '~t1 &-2 'T..t ~,J d' .j-if '0 '0 .
W 0.0 / C> ,,~ " "·"o"'..J...Yc~"Ct?o!-'*~~
Project
6()-O~ -
Proied
75-63 -----
Proiect
82--33
(Lr,t 'J")
"'.--..0---"'_
Lot 'J' Rf'fundinq
and
250 Ur.iv. Ave. ........... ..,. .......... .
~81 82 83 84 85 86 87 8_8 89 909192 °93
l><t: 82 83 84 85 86 87 88 89 90 91 92 93 94
'"
• PRO Jr:CT PAlO OFf
.. o
-J
YEAR
EXHIBIT E
\
1
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i
0 i '
)
)
.\
!
" ,
..
l'
I ,
CALIFORNIA AVENUE AREA PARKING DiSTRICT
Project
65-09 ANNUAL ASSESSMENT RATES ---
f--0.10 ~ a OJ 6 6 8 6 o ",o,~oo~~ o ~~~gg;~
~ ~-~-+---~-~
W 0.08 a::
<l:
::l
I I
1 \
In I \
';3 I ,
01 \
o .. ~. ~~ ~ \
(/) 0.06 r::;
'--0 W
> n'
c.
o
t-
<l:
0': 0.04
t
Z
w
2' (/) 0,02
'J')
W
(/)
(/)
<l:
75
76
.. w
"
76
77
77 7B 7_9
78 79 80
80
81
"' a
81
82
I
\
", -,
'0
82
EF -'
a m m ~ ~ ~ m ~ 8 ~ ~ ~ ~ u ~ ~ ~
h ..... ,..j ... r--h .. '~';; ~-
"-":,. .... ..-' .... n ~" .... ~ ,-".., '-'
fI" ---'. -... ' .... '~"," .......
1 '~
I
I
I
..
o
83
84
,. <,' N
"" ,n o <:>
84 .~5 86 Bl 81.l
85 86 B7 B8 B9
YEAR
EXHIBIT F
89 9Q 91 92 9)
90 91 92 93 94
p«.Jiect
71-63 --..... --
94 95
95 96
96
97
PH.!!:" ] of :~
o
I
/
'. 'j, .',
J ,
•
CALIFORNIA
,.
AVENUE AREA PARKING DISTRICT
ANNUAL ASSESSMENT RATES
Proiect 86-01
L.A.ND .I\SSESSf,'E~n
D. I 0
~
'-' -0: -" <:> -
2 0.08 -. , ,
4 ,
, .," -.~ I . :: '-'J :: '::" '" "'" ,,'0 I , :; ~, .'-=> ..
0 ~ '0'0 ,", I "' 0.06 ~\'O ,,}. ~., <Ore. I '0 "" <:) <:)'> z ",'" ,,0,
"'" 0 0 .~<:) ~ c " 0 "-",-0"
~ 0.04 -<0 ~ .«
'" -z
~ 0,02 "" ~
"' ~ , • , , , ,
en ,ez ,88 8] ~ 9 , " , 93 i~ 35 96 '" ~" -0: 88 89 90 91 92 93 94 95 96 97
YEAR
"" a BUILDING ASSESSf~UH -~8
~
~ z -~ -, . ...;
'" en I , -. vo
~
"' 6 I ' -'.:. "' . --"'" I
Q
, ,-~.
,~
<:)" f ~ r f r t.,S:; r> c~ ", '-'0 '-" "")',i ~4 ~)~J~~ t>' \0' f '0 ~. '0-"y J ,,~-
-----
c • • ':;.
~ -,,0, -0:
"" ,
, 2
'0-
z
~
'" ,~ I '" , , ,
~ 8, 88 89 _,0 9i .;;-~ ~_3 $.:4 >.5 ],9 ~
V> 88 89 90 91 92 .,3 94 95 96 97 "'" YE A 'i
~"' . ':,
E\]i![J]T F
-