HomeMy WebLinkAbout0318.094• 15
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June 9, 1994
Trill HONORABLE CITY COV~CI['
Palo J\ltoJ califo~·nia .
P\lh} 1 C flea~' iMJ -.Aa.u.e.a..amen.t.a-..lQ ( [In ;v(U:sit y AYeDlIe...:.A.rea iilud Ca 11 fQrnia
It.Y..e.W.l.f.\....Ar..e..iL.~~ rki Dg' 8..Qpds • Pl an _Ji;-.f':LU_9~
Members of the Co~ncil:
Each yea"::" a pub] ie hcal"ing .in held 011 the afitH.'1BSmentu for the pal"king
oo)ldv fOl: the I;ntve~·oiq· Avenue ,'rea and California Avenue Area
(8xhiblto. A and B', a9 required under Section 1).16.150 of the Palo
Alto. Municipal Code. This report describes the assessment setting
proc~dul"ee and .n~c(>''1Yr,.ends that council adopt th~ attached resolutions
establishing 1'9~4-9S. asseusment ).-ates. In i'\ddition. the effect of the
new Cambridge PaJ::k1llg Garage project on assessments io diecuBsed,
UookgrQllod
Parking honda issued lIndO',l'" Bond Plan ·0" (Section 11,16.150, Palo Alto
Municipal Code) l'"eqllil.-e that R publ ir: hearing be held annua.lly (the
second Honday .11_ June) on the ",oseosmenta which .must be levied to pay
prlncipa.l and int(trcfJt on the . bonds .
'Tlle purp".)se of tha public hearing is to allow each property owner the
upportunity to <f\leetion tho co.'nputatior.: of his/her assessment and the
elements which cO/:1:priae it~ that i8~ the squat"c foot"age of each
occupied building. th~ off~stt~e.at: parking requirements for the usage.
and the off-street parking provided. Assessmonts are levied on the
baElio of buU<l1ng square footagt':1, with a credit given for the off
street parking provided by t.he property owner.
An addendum is attached, which 1 tsts changes h,ade to the assessment
rolls, since the estimated assessments ".';ere sent t-o property owners
within the districts on May, 13, 1994 (Exhibit C). The addendum
modifies aSGeSDments due to recent changes in business site conditions
(square footage. vacancy~ etc.) bl"Ought to staff' 0 attention by
propex-ty owneX-G oince the eatirr.ated asaessments ·..,ere prepared.
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Since the heal.'ing itoelf is t,he property ownero le9ally preacr.il'e<1
process for questioning the basis of aaseS8ment and advocating their
individual circumstance.s, it may be necessary to have a second
addendum available at the Council meeting which l'('If lecta changes
brought to staff I e attention over the last four -daya. The publ ic
hearing for one or both of the asaessmer\t districts-may need to' be
continue<1~ if last minute information brought forwat:d by property
owners cannot be verified and included in thQ {In-.ended t'olla pl:ior to
the hearing.
By virtue of the prior establi9h~~nt of the dintticts and.issuanco Qf
debt, Council action is required to levy aSSeB6IT:Cots for tho ri.·/o
active parking projects. These asoeasn",ents will 00 utilized for the
payment of principal and interest on bonds ,for capital imprQvcr;,(!nts
which were issued pursuant to the attRched l.-Q,so}ut iono. These funda
are sepal'ate and distinct from p€tmit feeD which ilre used for
opel'ation and maintenance of parking fJtd,litiea.
The attached assessments include the fiTst-j'ear <HH\ual <laOeBsment of
the Cambridge Avenue parking garage (Pt"oject 92-13l. 'Ihis project was
approved in Auguot 1993, and $2~OS5~(HJO in ne .... • Dondo .... ·ere sold tm· ito
financing in November 1:;)93. As a result, bonded illdebtedncOB in the
California Avenue Parking l\ssesstl'lent Dietl"iet hew increased from
$1,745,000 in 1993 to $3.800,000 in 1994. Thin amol1nt .... ."J
approximately $181,000 (or 14\) lcs8 than est imated because
construction bids were below the Engineer's estimate. Annual
assessments to rep.ay the bonds are' aloo 9ubotant ial ly leBs tllan
anticipated because of the very favorable interest rate environment
at the time bonds were Bold. Conet:l'ucthlll of tho cilrr.}:1.1'idge Avenue
parking garage is cu:r:rently underway and tjid project i.e o!<pec:tea to
be completed in October 1994.
The five active projects are listed and d('lBCl.-ibed as followo:
1. CaU fornie, aveoue oj Btr:iCt._.....rJ.:OJe.c..L1.l..:..6..l.... Surff)ce l'arklng Lots
at the corne'rs of Cambridge Avenue and Birch Stx:eet, and ShtJrrnan
Avenue and Birch Street. and a FCQsibility Study for a pa£k1ng
structure on one of the lets.
2. california AyenlleJll.s.u:ic.t... ..... __ ~tQne IDt.---Park1ng p1.-:Qj.e~a_~.::.O.l.~
Suxface Parking Lot on Cambridge Avenue~ ccnatruction of interim
improvements. and a Feasibility Study for a parking structur3 on
the let.
3. call fQrnia..AY.e.uue District , Ca.mlJr~_fatki.n.9.._.s_t.J.J.J.ttu.t:e_-,-_P.mJ.e.ct
.22..:.U: Construction of a two-level parking otructure on
Cambridge Avenue between Birch Street and ~IOgal Lane.
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University AYJl:DlIC pjstrjgt, prqiect 75..=...6..l: Surface P<trking Lots
on Bryant St·reet and at the corner of Kipling Street and Lytton
Avenue, and (\ Feas:l.bility Study for a downtown parking
structure.
~Bity Avenue Dis~Lot J .R.e..f.u.t1dinQ and 25,0 tlniyerflity
Ayenue..Acq)lieitioo: Refinancing of bonds for an existing seven
level parking garage (Cowper-Webster) and acquisition of one
level of public pal'king (250 UniverSity Avenue) .
Additional details about the G-bond Capital Improvement Projects can
be found in Exhibit 0 in the Appendix.
In the process of developing the assessment formula foJ:.' the new
Cambridge Garage assessments, an issue was l:aised by the City'S
parking consultant regarding the manner in which parking credits were
originally allocated to certain properties in the Californi~ Avenue~
Keystone Parking Lot Project, This resulted in ten property owners
being over-assessed a total of aPPl.'oximately $11,000 since 1987, when
the bonds for this project were sold. A listing of the pal:cela
affected and the corresponding amounts is contained in Exhibit G in
tile Appendix. The calculation of parking credit ~rr.ountB has been
corrected, ano staff proposes to refund the pal"eel o ..... ners in the
amounts listed in the schedule. Funds for this purpose are available
in an assessment reserve.. therefci"e, there is no increase in
individual assessments this year to finance this refund. Refund
checks will be sent to the property owners by the Finance Department
in July 1994,
The assessment rates for 1994-95 per squat"e foot of adjusted
building area and the amount. levied for each project. are:
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PROJECT
California Avenue District l
Project 71-63: Cambridge Ave.
Surface Parking Lot and
Feasibility Study
California Avenue District,
Keystone Lot Parking, Project
86-01;, Surface Parking Lot on
Cambridge Avenue, construction
on interim improvements and
Feasibility Study
California Avenue District,
Cambridge Parking Structure~
Project 92-13; Construction
of a two-level parking
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ASSESSMENT RATE
PER ADJUSTED DOLLARS
BI,oo so FOQTAClE LEVIED
$0.689 $37,562,50
$3.742'
$0.458**
TOTAL
$9.32'
$0.060**
$ 93.952.44
$ 31 311 56
$125,270.00
$118.819.73
$ 39 60g.63
$158,426.26
structure on Cambridge Avenue
between Birch Street and Nogal Lane
4.
5.
University Av~nue District,
Project 75-63: Surface Par.king
Lots on Rryant Street and the
cO:1.'ne1' of Kipling and Lytton and
Feasibility Study
University Avenue District,
Parking Lot J Refunding and 250
Univel'Dity Avenue ACquisition
~Rate per weighted assessment factor.
'*Rate per land square footage.
$0.041 $ 83,627.78
$0.301 $611. 96B. 50
On DeGember 17, 1984, Council increased parking pel'mit fees in the
Californi-a Avenue parking District to pay for all maintenance costs. ("
including 8weeping~ landscaping, signing and lighting. Staff has been I'
«ccunlulating information about the actual cost of maintenance via the I
new accounting system. Baaed on the past foul." fiscal years' :
expel"ience, no maintenance assessrmint will be levied for FY 1994-95. I·
If mainte'nance costs exceed pe:tmit revenues in any future year. the
shortfall will be recovered by levying an assessment as provided fOl" ;,
in the California Avenue Off-Street Parking mai~tenallce District.
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RnvirOQmel).t.Al...~t AaBesement
For the put"pose of environmental impact assessment procedures,-t.his
is n.ot considered a project. An environmental assessment is not
t:equired.
Recog4'¢codtl t iQll
. Staff t'ecom:'('.i.'Inds that Council adopt the attached resolutions
confh:mlng the ~ngineerta Report and Asaessment Roll for:
• C"Ufol'nia Avenue L>!9t.1.~icl. Project No. ?1-63~ • Callfo1:nia 1wenue District, Project No. 86-01, • California Avenue: District. Project No. 92-13, • University Avenue District, Project No. 75-63, • 'Jnivorsity Avenue ViatI-ict, Lot J Ref,mding and
Avenue i\cquisltion
. Respectfully submitted,
GEORGB BAGDON
);It:17~Z:;: 'Works
<J/,P./lll S. ROB8RTS
Director-of Public Works
~t~
C~ty Manager
Attachtnents: 5 Resolutions
250
Exhibit A Univeraity Avenue Boundary Map
Rxhibit a California Avenue Boundary t.fap
Exhibit C Addendum
University
Exhibit D Capital Improvement Projects
Exhibit E University Avenue Assessment Rates
Exhibit F California Avenue Assessment Rates
Exhibit G California Avenue Refund Schedule
cc: California Avenue An~a Developmoent Association
Downtown PL"Operty Ownero Group
Chambo:t" of COf"l'lmerce
CMR:316:94 -5-
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RESOLlTTlON NO.
ARESOLtmON OFTHE COUNOLOFTHE crrvoF PALO ALTO CONFIRMING
JlNGIN66R'S REPORT AND ASSESSMHIT ROLL
CALrFORNIAAVENUE OFF·STREET PARKING PROJECT NO. 71-63
(Fo, Final Yu, 1994-95)
THECOUNOL OFTllllCrrYOFrAlO ALTO DOfSRESOLVEas (oUO\',.:
5,,«on 1: AIler ptOCe«Ungs to 11101<"" duly h,d and t,kon PUISU''"t to Ihe Palo
Alto Municipal Cod" a pubUc hearing hH oo,n duly held on Iho Engtneer" RepOtl and
3ssessmer.t ron prepared [or the at)()\'~ ri~.!.I)'Nl" (0 p.1¥ lM prindp.~ and inte-rC$t (In bonds
Issued pursuant. to Reoolutlon of rntenlion No. 4993~ adap!e.d by the Council (If the CUr of
Palo AHo on Septetnbf!r lO~ 1974;
Section2: ThIs Council has heard atl persons having an fnlere-sl in any lJ:'"il
properly within the par-kinf, as.se--ssrnenl dl'Strict; has h<!.:\rd all obicrhons, prol~sts, ('IT other
w!itlen cOllununkaUoDS from .any persons lntEres.led In the real pl'OpeUy within the
dlstric.t; has takt:"n and received, ordl and do(ucnen!,H), evlder.re pertaining to the maUers
contained in the reporl; has remedied and conc.::led any errors or lnformaUUt$ In Ihe report
and rev15ed and corrected any of the acl~ or detNl1UnatioM o( the variou~ City (lfftcials as
contained therE_tnl and is fully informed in (he pfi:·mise$;
Section3: The Engine-errs Re~)Oll 3nd asseS-.'inlej\1 fall. ~nd each 01 the
asse-s.smenls thereh. as fully revised and correctrol Is hereby appro\'oo and ((>n([m,ed.
Section 4: The-reporllt"ge!her h'Hh the ~rIHI(.ale (>( the Cily Clerk as to the fact
and date of approval by this. Council, $~11 forthwith be deli\'.cred 10 (he County 01 Santa
ClaraJ and the proper County officer shall c",use 10 be posted. 10 the ti\..'( roUs, in the cotumn
provided therefor the amount (If each o( the a5-5eS~mer\I-!o prClposed to be Jevied and
coUe<'led for Ihe fiscal yeat as $oet forth In Ihe rep<)rl as (or,filmed .
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The fOlegoll1g Resolution was duly and regularly adopted al a regular meeting of 'h,
Council o[.the Cily of Palo Alto held on Ihe 131h day of June, 1994 by Ihe following vole:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
AtTEST:
City Clerk
APPROVED AS TO FORM:
Jones Hall HlI\ &. Whll.
A ProfeS$ional Law Corporation
By: • ~saleggiO
Bond Counsel
APPROVED:
Clly Manager
Senior Assistant City Attorney
AI'PROVGD:
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RESOLl!fIONNO. __ _
A RESOLllflON OF THE COUNCIL OF THE CITV OF PALO ALTO CONFIRMlNG ENGINEER'S
REPORT AND ASSESSMENT ROLL
UNMRSITY AVENUE ARllA OFF-STREET PARKING PROJECT NO. 15-63
(For Fiscal 'tear 1994-9,S}
THE COUNCIL OF THE CITY OF PALO ALTO DOES RESOLVE as follows:
Section 1: Alter proceedings to that end duly had and taken pursuant to the Palo
AHo Municipal Codet a public hearing has been duly held on the EIIgjn~er's Report and
assessment loll pr~pared for the above fis<:al year 10 pay the principal and interest on bonds
fs. .. ued pursuant fo 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 aU persons having an interest in any real
property within fhe parking assessment district; has heard all objedions, protests:~ or other
wrltten communications hom any persons inlel~sted In the real property 'vithin thedistrict;
has taken and received oral and documentary evidence pertainIng to the matters contained
in the report; has remedied and corrected any errors or infonnalitles 1n the report and
revised and COITe<:ted any 01 the acts or determinations oj the various Ctly officials as
contained therein, and is fully informed in Ihe pr(>oUses;
Sect!on3: The Engineers Report and aesessMenl roB , and each of t~e
assessments therein as fully revised and corrected, is hereby approved and confinned.
SeCtion 4~ The report together with the ci:rtilicate of the City Clerk as to the (a-:I
"nd date of approval by thls CouncU, sha.ll forthwith be delivered 10 the County of Santa
Clara, and the proper County officer sh .. JJ cause to be posted 10 the tax rolls, in the column
provided Ihii!'refor the amount of tach of the assessments proposed to be levied and
collected for the fiscal year as set forlh in the report as confirmed.
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Th. [oU80111g Resolullon '''' dl~y and regularly adopted at a regular meeting of the
CouncU of the City of Palo Allo held on the 131h day of June, 19?4 by th, foUowing vole:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
A1TEST: APPROVED,
APPROVED AS TO FORM:
Jones Hall Hill I< Whit.
A P.wfE"$slonal Law Corporation
BY:._~~='-,--,--,-___ _
Slephen R. Co ,al'ggio
Bond Coumel
APPROVED:
City Manager
SenJor Assislant City Attorney
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RESOLUTION NO, __
A RESOLUTION OFTIfll COUNCIL OI'TIfE CilYOr-PALO ALTO CONFIRMING
ENGINEER'S REPORT AND ASSESSMENT ROLL
CAUFORNIA A VONUE l\~-YSTONE lOT P ARlGNG PROJECT NO. 86·()1
(for Fiscal Y .. r )994-95)
TUB COUNdLOPTHl; CITY OF PALO ALTO DOES RESOLVE as loHows:
S.ctlon I: AfI.r proce<dlngs 10 thai end duly had and taken purs"o"1 10 the Palo
Al10 Mllnklpal Cod." public ""ling has \>eon duly held on Ihe Engin •• r's Report and
as.s.e;;.smenl coU pt(:p.1red (or the-a'bo,'.e fl!c.d yeai t,o pay the prindpal and interest on bDnds
r".0:1 pun,,"nt to R.rolllli<>n 01 Intention No. 64805, adopted by Ihe CouncU of the 01)' of
1"\0 Allo on janu,"Y 20, 19U;
Section 2: Thts Council h"s heaHi all persol1!O having an iJ.1terest in any Teal
pwpelty withIn the parklllg as.ses.s.ment district; has h~ard aU (lobjl..'Cttons, protesls, or other
written comlllun\catlOI\S trom ar.y ~rson$ Interesled In the real property within the
district; MS t·d(cn and vC'<'e'iw .. :d oral And documenlary evidence pertaIning to the m"tt~rs
C(lotained 'In the It'p-.:Ht; h;u reffiMI£'d arrd corr«too any .errors or lnformaliUes in the report
and reviSed ami (orrected any of Ihe acts or del.elmlnalions of the various CIty officials as
contalnoo. thrreln, lHl;d is (ully informed in the prem[scs;
Sec.Uon3: the lingl,neer's, Reporl a.nd assessmenl roll, and each of the
3'$5.essments Iherem as tuJly r~vl.sed tll'ld c-orr«~~ Is hereby appr<:lved, and ronfirme:d.
Stctfon 4: The reporllog,tlh.er \ .... ith the ('t"cUficate-of the Cily Clerk as to the fact
and date 01 appro".l by IhIs Council, shall 'orthwilh be de\lY.red 10 Ih. Cowlly of Santa
(lara, and the proper Counl)' Oftic-eT shall cause to be po!.led to the tax roUs, in the column
provided therefor the amcunl of each <:II the!' assessments proposM to be levied and
colle-c!ed (or the £is(al year'as set forlh In the report as confinnoo.
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The foregoing Resolution was dull and Iegut.,Hty 3dopted a\ a r~gLllM I1\CtUng or Ille
COIU1CU 01 the CUy 01 Palo Alto held on th. 13th day of )lU1e, 1994 by t~. following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
ATTEST: APPROVED:
APPROVED AS TO FORM:
Jones Hall Hill k White
A ProCessional Law Corporation
BY'~ ______ _
Slephen R 0. .. leggl0
Bond Couns el
APPROVED:
----------City Manager
--Seruor Assistant City Attorney
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RESOLUfION NO. __ _
A RESOLllI10N OF THE COUNCIL OFTHE CITY OF PALO ALTO CONFIRMING
ENGINEER'S REPORT AND ASSESSMENT ROLL
UN!VJ!RSITY AVENUE PARl<lNG PROJECTS
(LOT J REFUNDING and 250 UNIVERSITY AVENUE ACQUISITION)
(f"r Fiscal Year 1994-95)
THE COUNOL OF THE CITY OF PALO ALTO DOES RESOLVE as foUow,:
Section 1: After proceedings to that end duly had and taken pwsuanllo the Palo
Alto Munldpal Code, a public hearing has been duly held on the EngIneers Report and
assessment roll prepared for the above fiscal year to pay the prindpaland inl('rest on bonds
Issued pursuant to Resolution of Jnlenlion No. 6768 , adopted by the Councll 01 the City 01
Palo Alto on April 10, 1989;
Section 2: This Coundl bas heard all persons having an Interest in any ual
properly within the parking assessment district; has he-ard all objectloflS, prolests~ or oth~r
WIitten communications hom any persons Interested In the real property withIn the
districti has taken and received oral and documentary evidence pert.:Jlning to the maHers
conta ined in the repor~i ha 9 .r~medied and correc ted any errors or lnformaU ties I [\ the repel t
and revised and corrected any of the a..::ls or determInations of the various City offici1\ls .as
contained thereIn, and Is fully Informed in the p:emlses;
Section3: The' Engineer's Report and assessment roll .. and each of the
assessments Uterem as fully revised and ('()!l'f!cted~ is hereby approved and confirmed.
Section 4: The report together with the certllicate 01 the. City Clerk as to the {act
and date of approval by this Council, ,hall forthwith be delivered to the Cot!lIty of Santa
Clara, and the proper County officer shall cause to be posted to the tax roUs, 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.
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The foregoing R •• olu~on was duly and regularly adoptod at a r.gubr meellng of the
CouneU of Ihe City 01 Palo ,\.110 held on the 13lh day of June, 1994 by Ih' following vote:
AYES:
NOES:
ABSTENTIONS:
ABSENT:
ATTEST: APPROVED:
CHyClerk MaYOI
APPROVED AS TO FOl'M:
Jones Hall Hili !< White
A FlO (essional law Corp¢rat lon
By:---",~~~"",,,a=:.-__ _
St. ph'n R. casal'Sgio
Bond Counsel
APPROVED:
SenrQr Ass.istant City Attorney
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RESOLUTION NO. _~_
A RF.sOLIlfION OF TIlE COUNOL OFTHE crfY OF PALO ALTO CONFIRMING
ENG LN EER'S RHO R T AND ASSESSM ENT ROLL
CAT.lFORNIA AVENUE PARKING PROJECT NO. 92-13
(For FisCAl Year 199(·9S)
THECQUNOLOFTHECITV OF PALO ALTO DOES RESOLVE as follows:
S<cllon I: Afler proc.edings ;0 that end duly had and taken ptUsuant to Ihe Palo
Allo Municipal Code, a Pllbllc hearing has been duly held on the Englne.r's Report and
.35..se-s.smt>nt IOU prtpared for the above Ctscal year to pay the principal and interest on bonds
i~ued. pursu",nt to RCS<Jlutton of Jntention No. 7230. adopted by the Council of the CUy of
Palo Allo M August 9, 1993;
SrrcUcm2: Th[s Council has he-ard aU persons having an interest In any real
property "'tithln the patking assessment district; has heard all objeciionsl protests, or other
.. ·amen conunun!caUons JroO\ any pE!csons interested in the real properly ''o'Uhin the
dLsfri..:l; has l3!<en arid rece~ved oral and documentary evIdence peltaining to the matters
(-onlatncdin the report; has reml''I:!ied and colTec::tcd a.ny errors or informalities in the report
i\J\d rev~ed ftOO corrcct«i any of tht! acts or determtnations of the various City officials as
contained Ihereln, and l' fully informed In the premlsos;
Sedlon,3: The Engineer's Report and assessment Toll~ and each of the
aSHSS01ents Ihereln as. tuUy r~viscd and corrected, is hereby approved and confirmed.
SectIon 4: The repork logelher with the certificate of the City Clerk as to the fact
and date 01 approval by this CouncU, ,hall forthwith b. de1iv~red to the COW1ty 01 Santa
Clar.l. and the proper C()unty o((Jcer shall c.ause to be posted 10 the tax roUs, in the r.olumn
provided Ihere-for, the amounl of each of 1~le assessments proposed to be levied' and
collectw. (C'r th(! fis<'al yN1 a.r,; set (orth in the reporl as confirmed .
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'("he for.goll1g RowluHon wa, dilly and regularly adopled at. regular meellng of the
Coun<U of the C1Ir of 1'.'0 AUo held on th.13th day ollune, 199{ by the following vole:
NOES:
ABSTENtIONS:
ABSENT:
ATTEST:
CityClcrk
APPROVED AS TO FOR.>.J.:
Jones Hall mil « While
A ProCessional Law COl"por~llon
.4'/ /J Br:.~~,:c:>_. ___ _
Slephen R Casalegglo
Bond Cour.s tl
APPROVED:
CnyManage,
Serna r Assislani City AU o~;-ey-----
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APPROVED;
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UNIVEHSITY
AVENUE
Parking
Assessment
District
. A'Ven.lle
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fOJlure porl<inq
9 0ro g e
(Keystone Lot)
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CALIFORNIA
Parking Assessment District
Pe.rk DoulevGI'd r-,,---"-"_-"" -....
" r-----:----, .. Street
lot
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'0 u f~ .. ~:' ... 'J .. Lot
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I~ ,--;;;;;;; lot ~ c-!":>
~ .~-.:
C=J
EJ Camino Real
Pllblic Parking
Cun-ellllJ'
P:.uldn;!
As.<;e!JsllIenl District
Boundary _ .... _ •• _ •• _
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PRELIMINAAY ROLL
ADDRESS
PARCELt """ ,..-,-OCc
121).15-06$
20'_
120-2tJ..Q21
occ
PRELIMINARY ROLl
ADDRESS
PARCEl. # USE
4SOC£Ilfomio 20C
124-32-045
'~,~,~-~-7--:-~"""'-;-' .
SQUARE PAAK f'AA!(
FEl'T REOO PAOV ,. .... 50 0
.,Q&?, 20 0
ASSESSED SO"",", PM!( SOUARE
FEET "EOO FOO'AGE
22,920 " 21,31,
EXHIBITC
JtmeS.l994
uNNERSrry AVENIJE DISTRICT AME1"OMENTS
""'...,." ROLL ~ -<SS€SSMENTS
SOUARE I.OTJI SOUARE e_
FFE< 7 .... >50 .... IV """ I=EH ""00 " .... _AO
S4.4se.4C occ " .... <1
4,98T S20S"" ':1,50'2.26 ace ',350 " VAC ffJ'
CALIFORNIA AVENUE DISTRICT AMENDMENTS
-'MDIOEO ROlL
ASSESSMENTS
SOIJAAE PARI< ".., 860<), Rl·13 USE FI::;E.T "'"00
S1.474.34 $3..339"'2 $04.4'''.91 20C "'" •• VAC 7,_
~
p"",, """"'" PO!:N FEl'T ''''' • "250 ..... ..
0 ',350 :l17.~.76
~o
?-SOUAAE
PROV FEET " ... , 13.n1 -...
ASSESSMe..~
I.OT JI
2SOUNIV
$4.205.12
$1,3Oe.14 ~:~
ASSESSMENTS ... , 92-13 ) Sl,339 .... 2 S4.414.~
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CAPlTAL :'M'PRO~ PROJRCTS Flt-:A.~~ gy ~SESSMEln PR~S
ncND ISSUE
O'SlN(; C;-BOloo"t)S --VNI~S::7x" AV'£l..tt AARA
AMOtrn'r OF
SO:""O !SSUE
~~OS:: OF ISSUE
---.--~----------~---------------------~------.-~---------------·---·-~--------~---____ ._r ___________________ .. __ _
i\.Cqu.i.oition of p;"rc'!::'c .:c'l.d
eot'..struc:tion 'O~ :J1,!:-!.'lC~ parking
faCilitiet ~~ ~i?li~~ ~~4eet
Ilr.c S.tyar..'::. $~re('!t
IN'l"ER:tS'l"
"".,."
DATe
!SSt7E:O
;DJ"n;: OF
""'TORI1'Y --~----------------____ r ____________ ~ ____________ • ________ ~ _______ *_._. ___________ . ____ .~~ ___________________ .. ____ y
L"niVC'l:"si"ty Aven~.
Proj~et 75-62
S "'91,000
(llj.t ~$:ue)
!)
$ l7S.000
(2nd. i(l~~)
University Avenue $6,420,000
Lot J
Refunding and ZSO
University Acquisition
2) Reloc.:l.tio.""l of sx:r~o~= ~nc
b~ineco OCcu~/~ng pr.~~r:ie~
acqui:;:e<1
3) Fea~i~llity ntudy enc0m?3e~in9';
• I~r~'~n~~ to ~xi~ti~9 ~_
~~~ off·~t~~et tnr~ing
fac:":'liti~.:z
• A downto-..-n p.).ri-::i::g :t1:'V:Ctu!'t'
• Poczible ~cqu~Gition ~nd
lmp:::ovet!'le~t of ",ddi:icr..:tl o!!-
3tr~et pa~king
• Op?Ortuni:~~s for er.cou~~9ing
and p~ovieins fo~ ~l:e~t~ve
tr~iGp¢rtation modes for
e~ployeeA and cus~omer~
• M'.!ltiple t.:.Se (if p,\r~.ing
properties ~nd ~tructur~s;
checking and monitoring
Sat'.!rday parking.
• Assesernent of !oreseeable
significant ena~ges in land
use in terms of their impact
On th~ nature of pa:rk;ing demand
within the Assessmen~ Dist~ict
Design and ConstruCtion of Lot v
Parking <P3rage on e~isting lot;
AcquiSition of One level of
parking garage at 250 University
Avenue
6/13/77 7/2/2000 S.89·
5/2/60 7/2/'~el 9.2S'!: 0 tl1.ru
7 /./~9a9
~nd. tBG'..l<: 7/2/1990 9.5\
thl"V
7/2/l993
7/~/l~94 7.2st
thru
7/2/199$
o
l2/2?/89 9/1/~006 Serial
Bond.
S.75\,-6.90t
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EXHIBIT Q Page 2 of 2
c.;;.pI'l'.AL IMi?ROVEMENT PROu-gCTS FINANCED By ASSESSMENt PROCEDURES
BOND ISSUE
USING G-EONDs --CALIFORNIA AVENUE ~
A!¥'lOONT OF
BOND ISSUE
--------·-----~------~·-~--~-----______ ~_M ____ • __ ~ ____ --~----~----~ ___ w ______________________________ •• _~ ________ _
PURPOSE OF ISSUE: DAn?
1SSUED
DATE OF
MA'l"O'RI'l"'l
INTER:£sT
RATE
California Avenue
Project 71-63
$ 420.000
--.~ ____ M~ ____ •• ~ ___ ~_~ _____________________________ • ____ ~ ______________ ~~~ __________ ~ __ ~_~_~ _____ ~ ___________ ~ __ _
AcquiSition of th:e~ parcels;
construction of t .... ,o pa.rlc;i.o.g
lots on these parcels; and a
fea13ibility stud:y of 11 parking
st~cture of two of th~ parcele
Califo~ia Avenue
Project 86-0J..
(Keystone Lot)
~lifo~in Ave~~e
Project. 192:'3
(CAmhri.<:1ge GarAge)
$1,325,000
$2.055.~CO
Acquisition of two parc-elo making
~~ existing 6urfaee par~i.ng lot
on Ca~~ri~ Avenue; construction
of interim improvementu to 3~id
parcel~; and a Fe~Gibility St~dy
aneo:np&.~8i:.'l9:
o A ~arki[1g Qtruct .... rc tor the
com.:bir'.."t~on of :;.ot C-3 oL'"\d the
t\l,'O p4reels
• A pnrr~ng $c~etu~c fo~ ~e 7 ~
Shert:l.;m: Avenue bet ..... ~e;:'l Si:.-ct. AJ:"~ ... ~
C?:'!l!It::'\:ctior. o~ .,. ! ... t:ure t'ftO
lev~l pa:king Dt~~ctur~ on
:'0:; C-~ a.:::.c! the t· ... o p~wc~:'~
4e~i~~Q by pr¢j~et eG~Ol_
1/2/75
4/24/87
U/93
7/2/2000
9/20/2007
9/2/1S
.Bond Nos.
1-48
7.0%
Do=<! N'os.
40-84
7_S'\"
Seril1l
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DISTRICT
RATES
UNIVERSITY AVENUE AREA PARKING
ANNUAL ASSESSMENT
I-0.4 \) g ,,;. .,<0'0 $'
l.t... ~"--"'O-__ .. '?
""0,.. .A~ .~
, "" ~I) w , "," '" "," '\i ~'" " ~ 0.3 ", ",,'0 -ij _..""r.,,:-~,c.:... ... ,,, ",,'0 ,y"''':> ,y"'''' .... ~ "'---...,.--... ' . '/
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(f) '0 '0 '" '0 '0 'o~ = , ---=~ 'fl' 9' V 'V. , '0 '0 0
(f) s<;? 6'1' $6' ~...> 9"'rJ"1' '11"'.»> -1.1"7': \t.,.; ;)'11'" ·D.J' '0J: '0 *'
<:: o. 0 0o...t...::o~;'>o.
.§..l 82 83 84 85 86 87 88 89 90 Sli .92 °93 94
.-,
82 83 84 85 86 87 88 89 90 91 92 93 94 95
Project
66-08 -
Project
75-63
-----
Project
82-33
(lot <'J") ~ ___ .oo> ___ _
lot oJ" Refunding
ond
250 Univ. Ave.
........ _.<0-••••••••• -.
YEAR • PROJECT PAlO OFF
EXHIBrT E
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00 <0 ... N I,
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CALIFORNIA AVENUE AREA PARKING DISTRICT
ANNUAL ASSESSMENT RATES
Project 86-01
LAND ASSESSMENT
0.10
w
C> ... ,-
0 e 0.08
l;!
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'" '" :3
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88 89 90 91 92 93 94 95 96 97
YEAR
'" C> .--BUIl.DING ASSESSMENT
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EXHIBIT F Page 2 of 3
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~--------~ ~--------------CAUFORNIA AVENUE AREA PARKING DISTRICT
ANNUAL ASSESSMENT RATES
Project 92-13
LAND ASSESSMENT 0.10,.-------------..:--------,
YEAR
BUILDING ASSESSMENT
o
YEAR
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EXHIBIT F Page 3 of 3
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SUMMARY OF INCONSISTENCIES IN PROJECT S6-01 ASSESSMENTS 1987-1993
-1987 COf<RSCT 1987 1988 CORRECT ~9SS 1$89 CORREC't 1989 '990 CORREcT
ASSESSMENT AS.$.E.~ DIFfERENCE ASSEs.SMENT 6S.SESS.MEt;I .o.lE.&Bf.~ AssE"'SMENT~.sMENI Q;FFERENCf ASSESSMENT !SSEMMfNT
124-32-042
124-32-C43
12~
124-37-003
$720.14 $156.98 $463.16 $652.00 $195.84 $$!iE:.1S $5A2.Z8 $198,10 $384.18 ~f.08 $199'28 $t,445.UI SS99.58 $845.70 $1,"0.48 $46$,74 $G4S.U: S1,171.lfl $473.15 l607 .. ,, $1,1'71.46 $481.65 $1,238.46 $to4l.62 "94.84 $946."2 $795.30 $151.11 $0967.50 $804,50 "63.00 $9n,46 _.24
124-37-004 $108.14 $30.62 $77}i~ $107.46 $30.8C
./ .' 124-37-Q1S
124-37-017
$108.14 $30~2 sn.sz $107.44 $3019 $191,40 $36.36 $1Ss.o3 $lS9.oo S36.GO
" 12~7-O:Z2 $116,04 ",".,", $77.52 $115..40 $3$,74
124-37-023 $111,76 $34,24 $7'7,52 S111.M ~.42
124-37-0"..0 126818 S3S.64 $232,55 $,...., S3S."
1N·37-031 i1()~.36 ~7.,s. sn.52 $104.64 m.oo
S~98,5~ $43.50 $155.03 $197.05 $43.74. ,
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Siank celis indicate originaJry correct a$sessmen~.
EXIIIBn G . ./,-
"-',. OSl26l94. ?AGE 1 OF 2
, ~-___ +-..-_~. _T. __ •••••.•.•
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SUMMARY OF INCONSISTENCIES IN PROJECT 8&<l1 ASSESSMEm'S 1987-1993
'09C) '99, CORRECT '99' '992 CORRECT '992 '993 CORRECT """ DtFFFRFN("'$ 4SsESSUE~ ASSessMENT DIFFERENCE A$SESSMFNI ASSFSSMCMl OlffEBEt-lCE AS.SFSSUENT ASSESSYEIiI DIFFEReNCE
$38,.20 $578.20 S194.22 """96 $SS3." $,85.22 $368.4< $$2.28 $'89.048 ~80 $689.61
~. ->
$163.21 $952.94 $7S0.66 $1&4.27 $910.74 $752.22 S1&:.:>1 -." $769.52 $161.36: $76..65 $101.00 $30.02 sn.os $102.28 $23.<4 $73.64 $103.50 ... .30 $1-4.20 S76.65 $107,08 $30.02 sn.os $102,26 $28.62 ~73-.64 $103,48 $29.28 $7-4.20 $1S3.~1 $189.("(; $35.65 S154.10 $131.30 $>A.02 $~47.2a $183.1e $34.78 "' .... '" $76.65 $114.ao $37.76 $77,05 -$109.6€i "".02 $73.64 $11~.04 "' ..... $74.20 S76.G5 $110.60 533.S4 $77.OS S105.64 $32.00 $73_64-$1()S.94 $32,74 $74.20 sm." S26G.-1O $34." S231.15 $25<t.2e s:!3.3~ =.93 $256.10 S34.~O =60 576.65 $104.34 527.30 sn.OS ..... S2G.02 $73.64 $100.34 ...... $74.~ $153.3;1 5196.74 $42.&4 $1504.10 $187.96 5«>.68 5147_2$ $100.00 $41.60 ;'48,40
<l.BAMlUO~
EXHIBIT G
,,-'.:,,,;,,~
TOTAL
QlfEFRENCf
S2.l',O-S<'
$2.879.91>
S1,1~.30
$31<1.06
"' ... '" $758.12
$379.06
$379.06
$1,137.19
$379.06
5156.12
$11,295.41
-'24.12_
1"2~~
1<>.33<>08
142-37.()03
1~-37.()04 ':D-
f2 ...... "'.()15 (,. I 124-31-017
124-31..()22
12437-023
124.:J1.m
124-37-031
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