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Home My WebLink About0285.095TO: . ""- .' €) 0 City of Palo Alto City Manager's Summary Report HONORABLE cny COUNCIL FROM: cm'MANAGER DEPARTMEl'<T: Public W.,..ks AGENDA DATE< June 12, 1995 CMR:285:9S SUBJECT: Public Hearing -Assessments Co.-University A venue Ana and California Avenue Area Parking &nds -l'\an G: FY 1995 -'Xi REQUEST This is. request tbal Council approve the annual a~sments for the University Avenue area and Califurnia A vellue orea parking bond •. RECOMMENDATIO!l<'S Staff recommends that Council adopt u'le attached resolutions coofi~""ing the Engineer's Rei"J<t and Assessment Roil for: • California Avenue District. Project No. 71-63, • California Avenue District. Project No. 86--01. • CalifOC!lia Avenue District, Project No. 92-13, • Universit"j Avenue Distric' .. Project No. 1S-{)3, • University Avenue District. Let J Refunding and 250 University Avenue Acquisition I'OUCY IMPLICATIONS Approval of this action does DO( represent any cbange 10 existing policies. f.XF:<:um'E SUMMARY CooneiJ action is necessary to levy assessments for the five active parking projects on an annual bai,S. A pubrlC hearing is required in .... hich property owners can question the assessments. The five projects include three surface lots and the Ted Thompson parking g2I1Ijle in the California Avenue area as wen as!Wo surface lots, the Cowper-Webster parking garage and • portion 0( the 250 University Avenue parking garage in the University Avenue area_ The 10tal amount Jevied for the California Avenue area is $293,240, and for the University Avenue area i! is $694,576. . CMR:l8!:95 PavloU :-'--~""--'-.--.-' , . . - /"" . 'Ibis year" asse.smenlS do ll()( reflect any change in bonded indebtedness in either of the districts. Po< most propertie5, ",Ifs bave remained .. sentially un<:hanged from \a..<t year wi11l the exception of project 86-0! (the Key't"ne l.oO in the California Avenue Distr1ct. The ASSessment formula for that project bas been modified as a result of last year's Council direction regarding lmplementatioo of the Ted ThomP'OD garage assessments. This bas resuhed in minor changes 10 the assesSIJ>:nts for a few pr"P"rties. fISCAL IMPACT The projects are funded by the Asses,meDl Districts and 00 City funds are involved. ENYIRONMFJ'o'TAJ. ASSfSSMFXI ApproVDI of asses..<metI!S is statutorialIy exempt for purposes 0( the California Environmental Quality Act (CEQA). PREPARED BY: Grorge Bagdon, Assistant Director of Public Works DEPARTMENT HEAD REVIEW, .Ift,,., -.,.J. ~ 7 GlE~. ROBERTS orr MANAGER APPROVAl.: "'-. (;) City of Palo Alto City Manager's Report SlJBJECT: Pub!ie Hearing -Assessments tor Ulliversity A venue Area and CaliforniJI Avenue Area Parking Bonds -Plan G: FY 1995 -96 BfI'O?!fMENI)AUONS Staff recommends that Council adopt the atta<:hed resolutions confirmlng the Engineer's Report and Assessment Roll for: • CaJif<Jmla Avenue Di.lricl, Project No. 71-63, • CalifornJa Avenue District. Project No. 86-Ol, • Calif<Jmla AveDLoe District, Proi""! No. 92-13, • Unlvenity Avenue District. Project No. 75-63, • University Avenue District, Lot J Refunding and 250 University Avenue Acquisition BACKGROUND Parking bonds issued under Bond Pian "G" (Se<:tion 13.16.150, P>Io Alto Munkipal Code} leqtrlre lhat a pub& bearing be held annualJy (the second Monday in June) on the =sments which must be levied 10 pay principal and interest on the bonds. The purpose of the public hearing is 10 allow each property owner the cwort'mity 10 question the computation N hislber assessmenl and the elements ,,·hieh comprise it. that is. the square footage of each occupied building, !he off-street parking requirements for the usage, and !he off-street parking provided. Assessments are levied on !he basis 0( building square footage, with a credit given for the O(f-5O"eel parking provKled by the property owner. An addendum is attached, which lists changes made 10 the assessment roll. (Exhl"bit C). The estimated asseosmerus were sent 10 property owners .. i!hin the .f]stri..""!s on May 12, 1995. The addendum modifies assessments due 10 receDl changes in busmess .ite conditions (square footage, vacancy, ele.) brooghilO staff'. atrention by property owners since !he estimated assessmeDls were prepared. Because the bearing itself is !he legany pre5Cribed process by which questions about !he basis 0( assessmell! and the property o1>.,.,r.· individual circumstances may be heard, it may be necessary 10 have a second addendum available at !he Council: meeting whieh reflects cbanges brooghll<> staff's attention over !he last four days. The pub& hearing for one oc both 0( !he assessmenl districts may need 10 be continued, if last minute information broughl forward by property owners cannot be verified and included in the amended rolls pdor 10 !he bearing. , .- • -. . :"'" POllCY IMPUCAUQNS AWC"''Il of this ac!ioo does !l()( represelll any cbange 10 existing policies. DI$ClISSJON By virnle of the ptior estr.blisbment of the districts and issuance of «bt, Coun<il action is required 10 I:vy assessments for the five active parking projects. These assessments ",ill be utilized for the payment of principal and interest on bonds fur capital improvements whl<:h were issued pursuant 10 the attached resolutions. These funds are separate and distinct from permit fees whl<:b are osM fur operation and maintenan<:e of parking facilities. The five active proj<lcts are listed and described :as follows: 1. California Ayerole District PmiCl.1 1W: S".mace Parting Lots at the ooroers of Cambridge A venue and Birch Street, and Sherman Avenue and Birch Street, and • Feasibility Study for • parking SlrUCtl!re on one of the lots. 2. Cal;fQOlia Ayenue DigrjcL (ro...~r) KcystnDe [.0( Parkini" Proiec.1 8§.()1: Surface Parking Lot on Cambridge Avenue. ronstrucfion of interim improvements. and a Feasibility Sn.'<Iy for • pamng sr,:ucture on the IQt. 3. Ca'Gf()Q)ia Ayenue pjstrjct Ted Ihgmp$OO parkjnS Structure PrQjoc0l2:.U: Construction of a two-level parking sttucture on Cambridge AveDIIe between Birch Street and Nogal Lane. 4. lIniYlorsily Ayenne Djstrjct. Proiecl7~: Surfa<:e Parking Lots on Bryant Street and at the C<lfIlOr of Kipling Street and Lyttoo Avenue. and a Feasibility Srudy fur. do"llltOWll parking strUcrure. 5. lTniyecsiQ' Ayenue District. LQt J Refunding and 250 Unj"eIJKy Ayem!e ACQJ.liskjon: Refinan<ing of roods for an existing seven level parking garage (Cowper·Webster) and a<qUlsltion of one level of public parldog (250 University Avenue). Additional details about the G-OOnd Capital Improvement Projects can be found in EJ<hJl>it o in the Appendix. 'c:' .. --; . >j- ~ -.. -. < , , ,"~-, .' ... ' ~ The ossessmelll rates for 199>96 per square foot 0( adjusted building area and the aJIlOUlll .Ievied for each project are: L Californlll A V_DUe Dis1rlct, ?fop 7 HI>: Cambridge Ave. Surface Parlcing Lot and Feasibility Sludy 2. CaIlforni. A venue District, Keystone Lot Parldng. Prop ~I; Surf"", PIilin8 Lot on Cambridge Avenue, <:OOStrUCticn of inrerirn improvemell!S and Feasibility Study 3. CaIlfornia A,eoue District, Ted Thompson ParkiIIg Structlli .... Project 92-13: Construcoon c.(. two-level parldng s!rUCtUre on Cambridge Avenue betwees Birell Street and Nogall..an< 4. Univ=ity Avenue j)i,"1rict, Prop 1~3: Surface Parldng Lots on Illy",. Street and !he corner Q( KipIing and Lynon and Feasibility Sludy S. Uni'JeISity Avenue Distrl<:t. Pa..-ting Lot 1 Refundlng and 250 Univenily A vewe Acquisition ORale per weighted assessment factor. "Rate per land square ~ge. $00601 $ 31,812.50 $9.1%1' $91,«0.00 $0.0446" $ 30 180 00 ToW $121,920.00 $9.11' $104,631.04 $0.0510" $ 34 87698 ToGIl S 139,.508.02 $0.0266 $ 56,228.18 $0.302 $638,348.31 Approximately $341,000 in .,,=_ cons\!1lCtion fi.mds re"",in in the california Avenue District bond fund for the Ted Thompson parking garage, Project 92-13. These funds will be nsed 10 redure the tax roll required 10 payoff the MOOs sold 10 fina.tK:e the project. To equalize assessments, the furxls will be spread uniformly over the duration 0( the bonds (20 years) beginning with thls year's assessments, On December 17, 1984, Council increased parking permit fees in the CaJif<>rnia Avenue Parking District to pay for all maintenance costs, including .weeping, landscaping, , ., .~,: ~' .. ' . -.. >-. > .\> .. E PapJ aU ----- • ,,-. , , signing and lighting. Staff bas been accitmulating and monitoring information about the actual cost 0( mainle<WlCC for !he parking lois. Based on the pas! few fiscal years' experience, 00 lillIin!enance assessment WIll be levied for FY 1995-96. If maintenance c<JSts exceed permit revenues in any future YeM. the shortfall will be recovered by levying an assessmen! as provided for in the Califurnia A venue Off·Street Parking Maintenance District. f]SCAI. IMPACT The projects are fu~ by !he As>es=ent Distrlcts and no Cit-; funds are involved. EN\'JRONMf.NTA!. .lSSESSMFNf Approval 0( assessments is statutorially exempt for purposes 0( tbe Californla EnvirornnenGII Quality Act {CEQA). STEPS Fill J QWJNG APPROVAL The assessments will be 50111 to the San;;, Clara County Tax Colle<;tor in July, and will appear 00 the Oclober property tax bills. AUACHMt:NTSlEXJUBITS S Reoolutions Exhibit A -University Avenue Boundary Map Exhibit B -California Avenue Boundary Map Exhibit C -Addendum Exhibit 0 -Capital Improvemenl Projects Exhibit E -Universily Avenue Assessment Rates Exhibit f -California Avenue Assessment Rates PREP AREl> BY, Gco<ge Bagdon. Assistant Virec1O< 0( Public Worb DEPARTMENT HR .. O REVIEW: -,.G~===,..J.~'-'~'-=-==""-__ _ 7 GU{NN S. ROBERTS Vir CITY MANAGER APPROVAL: ce, California Avenue Area Developmenf: Association Downtown Property Owners Group Chamber 0( Commerce . "; - > . ' . . - 4./19/t5 U 50Ll1'11 ~ 110. a. ... 01.iO"l'IO. 01" I'D COO1'iCXt. 0., 't1IZ CI'I'T 0" 'ALO AL'fO CORJ'DtJlDI"G :I!fO%nn.'s u:roa., AlIt) ASSSSSJdH't "O~'L DBXVPSJ!'Y AWWZ M.U. On-5nUT J'lUIJ:lIIG nOonCT 110. 1S-n (l'oZ' 'Pl.ca1 "ear 1-"5-'S, 'I'D COOltCZL OP ftI: CITY OP Pa.LO ALro DOllS USOt.W as foll~"S:. Section 1:: After proceedings to that end duly had and 'taken· . pursuan·t to the Palo Alto Municipal Code,. a public hearing bas been duly held on the Engineer's PPport tlnd assessment roll prepared for the above fis-cal year to p3y the principal and interest on bonds issued pursu~~t to ~esolution of Intention No. 5242,. adopted by the Council o-f the City of Palo Alto on AUgust. 9,. 1976; Section 2: This Council has hear:3 all persons having-an intarest in any real property within the parlc.inq assessment district! has heard all objections, ~'Co-te-st.,.,. Qr other written c~~ication! from any persons interested in the real property ~thin tbedistrict. r~s taken and received oral and documenta~ evi~ence pertaining-t.o tbe ma'tters cont.e.ined in tbe report; has remedied and ~orrected any errors or info~lities in the report and revised and corrected any of the acts or dete~nations of the various City officials as contained therein4 and is fully info~ in the premises; Section 3~ The Engineer~s Report and assessment roll, and each of the assessments therein as fully revised and cor'Kt~. is hereby approved and confirmed. Section I: ~e report together ~th the certificat~ ¢f the City Clerk as to the fact and date of approval ~ this Council, shall forthwith be delivered to. the County of Santa Cla.ca. and the . --" ~ • proper C~~nty officer shall cau!e tc be posted t? the t~ rolls. in t.he colwnn. pt"ovided tboere!or the amount of each of the assessments proposed to ~ levie~ ~nd collected fvr the fiscal year as set forth in the ~eport as coctirmed . • • • • • • • • • • • • NOES: AT'!'EST: City Clerk APPROVED AS ro FORK: Jones Hall Hill • ~te City Manager A Professional ~ Corpocation By: «---tt~ ~ casaleggio Director of .Public Works Bond: Cou.~sel Director of Finance Sr. Assistant City Atto-rney -2- ., .... . / -',-. USOt.tJTIOII 110. A USOLa'fI.OtI' or n. c:omrC.I.L 01" '1d Cln 01" PALO AL'l'O COMl"IRXIIiO IDfQIJrKU" S gpo .. 'f AK%» ASS-'SSHmI'l' :ROLL VHIVDSI"!'Y AvaWZ PAaXIliG ""OJaC'l'S {LO'l' .1 ZZTOIIIlU.. an4 250 IIVIVZRSITY &nlfUII ACO"%S%"IOJl} (For r1l5o&l Yesr 1"5-") ftlI COI:7IICIL or nil eIn or PALO AL~ DOllS RZSOI.VJI •• follOws: .:::."~ . Section 1: After proceedings to th~t eud duly had and taken p'olrS\lant "to t.he Palo Alto M'.lnicipal Cod.e~ a pIlblie hea~ing "t~as been duly held on tbe Engineer's P.eport and assessment roll prepared for the ~bove fiscal year to pay the prin<:ipal and interest on bonds issued p~rsuant to Resolution of lntention No. 6768, a~ed ~ the council of th~ ~ity of Palo Alto 00 April 1~~ 1989; Section 2: This Council has beard all persons having an interest in any real property "'_rithin the parking assessment district; has heard all Objections~ protests~ or ~her ~itten communications from any persons interested in the real property within the district; has t~k~ and received oral and documentary evidence pertaining to the matters contained in the report: has remedied and corrected any errors or info~~~litie5 in the report and revised and corrected any of the acts or determinations of the various City officials as contained therein# and is fully ieformed in the ~ses; -Section 3 The Engineer~s Report and assessment roll, and e~ch of the assess~~ts therein as fully revised and corrected, is her~f app~oved and confirtt~. Secticn 4: The report together with the certificate of the ~ity Clerk as to the fact and date of approval by this ~ouncil# shall forthwith be delivered to the County of Santa Clara l and ~he .; .-':-, . -.. ~oper ,ounty offi~er shall cause to be posted to th~ tax roller in the -column p.rcvided therefor the a.:nount of each of the assessments proposed to be levied and collected for the fiscal year as set fo!'th in the report a.:;: coofirmed . • • • • • II' ...... . INTROOUCED AN!} PASSED: =: A!lSTENTICt1S: A'ITEST: APPROVED; -City Clerk APPROVED AS ro FORM: Jones Hall Hill" White Ci ty Manage r A Professional Law o~ration Director of PUblic Works ~k:~~~~~-----~ R. Casaleggio Boad Counsel Director of Finance Sr. Assistant City Attorney -2- . "-:: :Hoes 08(1t.O'T101( 1(0. 1 USQLtI7IOII' or ftll COONe I!. or 1'1Il! CITY or J'IWO llLro COlIIFllUI:tIIiQ !lNQ111JCllIl'S UPOaT AJID unssldn !lOLL CAJ.I:POJUlIA. A~ OJ""-snz." ~M.XIl1G PI'.OJBC'I-110. 'J1~6) (For Piloal T •• r 1"5-") 'I'BB COCUCI I. 0., 'rBJI Clft OP PALO AI".'l'O 00. S USOLVZ as follows: section 1: After proceedings to that. end duly Md 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 abo .... e fiscal year to pay th"?: principal and interest on bonds issued pursua.nt to P.esolution of Intention No. "993. adopted by the Council of the City of Palo Alto-on September 10 .. 1~74; Section 2: This Council has heard all persons having an int.erest in any r-eal property within the parking assessmeut district; has heard all oojections .. p·ro-tests .. o·r otMlr written communications frcta any persons interested in the real property within t.he district: has taxen and received oral and documen·tary evidence pertaining to the matters contained in the report; has remedied and co~rected any errors cr informalities in the report and revised and corrected ~ of the acts or determinations of the various City officials as contained therein, aP.d 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 bereby ~pproved ~d confirmed. Section ,= 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 Coun·ty officer shall <:ause to be posted to the tax rolls .. i:l. the column provided therefor the Amount of each of the asseS$ments proposed to ce levied and collected for the fiscal year as set forth in the repo~t as confi~d. • • • • • • • • • • • • INn<OOOCEO AN!) PASSED: AYES: ABSENT: ABSTENTIONS , ,A'l"I'EST,: City Cle:rk APPROVEO AS TO FORK, Jones Hall Rill , ~te A Professional ~ Cor.poratioo APffiOIIED: Mayo:r City Manager Director o'f Public Works Director of Finance Sr ~ Assistant City Attorney -2- ,. . i· :(~ RZSOLC''I'IOJl 110. Jr, USOLtl'TIOlf 0.. HI: COOVCIL OF ~ C1n OJ' J'ALO AJ.,'l'O CQat7J:UlXMg DQlnu.' S R.&POR" AX1) ASSaSSDH'!' aOLL CALtrOIUnA AVXNtl'1I PAlIl<IIIG PIlOJ1lC'1 11<). U-U (1'0% PI,cal Ye&r l"S ... '.) -I'D COOlfCl:L CP -rn c.ln or PALO ALfO DO.a USOLW as follO'...-s : Section l~ After proceedings to that end duly had and taken pursuant to the Palo Alto Municipal Code .. a pu.blic: hearing has been duly ~eld on the Engineer's Report an{! as~essment roll prepared for th.e above fisc.al year to pay the principal and interest Oil bonds issued pursuant to Resolution of Intention no. 7230, adopted by the Council 0'[ the City of Palo Alto on .August 50, 1993; Section 2: This Council has heard all persons haviog an interest ira any real property within the parking assessment district; has heard ~ll objections, ~rocests, or ~her ~itten communications fcom any persons in·terested io the real property ~thin the district; bas taken and ~eceived or~l and ~~~ntary evidence pertaining to the matters contained in th~ report; has remedied and corrected any erro·rs o~ informalities in the report and revised and corrected any of the acts or deter.minations of the various City officials as cont~ined therein, and is fully i~fo~ ia t..~e premises; Section 3: The Engineer's Report and assessment roll. and eaCh of the assessments therein as fully revised and corrected, is here1:&" approved and -confi rmed. Section 4= The report together ~~th the certific~te of the City Clerk as t.o the fact and date of approval by this Council. $h411 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 the assessments proposed to be le7ied and collected fvr the fiscal year as set fo-rth in the report as confirmed . • • • • • • • • • It" • ill D."IROOOCED ~.ND PASSED: AYES: NOES, ABSTENTIONS : ATTEST:. APf'RO'.JED : City Clerk ¥.ayor City Manager Director o,f Public Works Director o,f Finance Sr. Assistant City Attorney -2- , .. " DSOLU'I'IOlf .O~ .a. USOL'O''J'XOIl 01' IfU COOVCIL 01' 'fU CITY 0. I'ALO .J..l.'!'O CORPrllXXBG BlIGI .. EJ..... AE,Oa'!' AND Jt.SSBSSlllB..H1' )tOLL Clln'ORlfIA AVD17& 1UYst'0InI LO'f l'Ultllla nOonlCT 110. U-U ('0% Ff..cal T •• .I' 1"5 ... )1) ua comrC.lL (lp 'I'D CITY OF J'ALO AL'I'O OOJ:S JUUJOLVZ as follOl.lr."S : Section 1: AEter ~roceedings to that end d~ly had and taken pursuant to the Palo Alto Municipal Code. a public hearing has been duly beld on. the Engineeor' s Repo~t and assessment roll prepared for the above fiscal year to pay the principal and int.erest on bonds issued pursuant. to Resolution of Intention No. E4SS .. adopted by t.he Counc:il of the City of Palo Alto on Jar:'J.ary 4:0; 1986; -. Section 2-: This Council has heard all persons havin-g an interest in any real property 'Within the parking assessment district; has heard all oojectioos .. protests, or other written -communicati~ns ~rom any persons interested in the real property ~tbin the district; has taken and received oral and ~umentary eyidence pertaining to the m;attere:: conte!lined in the repo-rt; haS: rem.ediec:l and corrected any errors or infonr,alities in the report and revised and corrected any of the acts or deteP!".inations of the various City officials as contained therein~ and is fully informed im the pc~~ses; Section 3: The Enqineerrs Report and assessment rollr and each of the assessment.s therein as fully re ... -ised and co·rrected .. is hereby apprvved and coofinned ~ Section' The report together with the certific~te of the City Clerk as t~ the fact and date of approval by this Coun~il~ snall fort..."1witr.l, be delivered to the COunty of Santa Clara, and the '. proper County officer s~ll cause to be posted to the tax rolls, in the column provide,d therefor the amount of each of the ass~ssments proposed to be levied and collectE·d for the fiscal year 48 set forth in thE r~t ~s confirued~ • • • • • • • • • • • • IllI'ROIlOCEO AND PASSED: "YES, N:>ES: ABSml': ABSTENTIONS: City ClEric. APPROVED AS "l'O FORM: Jones Hall Bill '-White A Pro·fessional !.aw Corporation By,~ stR:Ca:sa:lewio Bond Counsel APPROVED: Mayor Ci ty Y..anager Director of Public worlts Director of Finance Sr~ .Assistant City Attorney -.- ~ ""_. ~ . .. . -:--.:- r-----~@----------~@~---------- r., n.o!"p'oono-...j PQncj~ Ccr'J9 __ N-lt CAliFORNIA AVENUE Parking Assessment District · · I · · .. J II CamIno Real ..l8se!l.l!lmc..nt Dirlrict Boundar,. _. __ •• _ •• _ .. - • • I · · · · · • I · · .AaCi15M rto'--::oo=t Iili~ ID • • [ UNIVERSITY AVENUE Parking Ass~ssment DIstrict · · I · .. .J • • I Street • I--=-=_=_~ i PUlCD, .... .. Lo' B~'L l No' ........ . /:3::" >;;: I ~8eSLtmect D'---"-.. oundlllTJ' up'-CK;L i -"-"-" I ':' EXHIBIT -B-250 Universit ~0~:r""----'1 ',"enoe A861602- " , , . ' , . .. ' J' '" i A ~ ~ I ~ O~-- C- is elN :c-~ ~J ~ ~ ~ Z :;> lit li:- n u IE ~ .. ,,! lj~ i ~ ! i- o o 0 i ,.; § I'! ~ !; Ii E I ; l! e ~ I iii I II 1; I E ;; !: a Ii c ;; ~ g ,; i ill i. S 11 8 ill • I @ ~ " -E 1 o z .... --.------, .. - '" 'a -'" " "-i ~ ~ ~ '" \ ;.' ,:', ,:~--, .. _ s " -, ",' .. ' ."'" , I '~ "'/".'." :.'_:',---",' , .,', ~ ',', ." ' Vnivefllry AV6nUIII "', J Refundinl and m C.liiomi. Avanue Pruj.:tl71·63 California A ... anue Project 11MB (KeyIl0R8 LoI) ltXHIBJ't "D" CAPITAL IMPROVEMENT PROJECTS F1NANC£I),BY ASSESSMENT PROCEJ)URF.s USING GoBONJ)S $6,420.000 $420,000 $ 1,;\),,000 S 2,O'~,OOO CALIFORNIA Bod UNIVERSITY AVENUE AREAS Delian. and COmU'\lCtMm of Lot 1 Parkina Oa'l.a OfIl1l1i'linlloil Acquililion of one la ... 81 of pariln, prlllll at ;l..'10 UnlY6I'1JiIY Avenue ~\lMilton oIlhree parC41ll; l'OnalrUlltidR df IWo Plrkina: Inll on tlWWII I"Irl3lll.; IlIJd • (Nlibility atlKly !'If II PIIrtinllituclure of IWO of the paroall Aoquilition of IWO parella making lip • .,iBtilll surface parking It'JIlN'I Camtlril.1ll1 Avenlle; ('nMlrwtwn of Inlerim impru .... mlnll 11'1 -..id parceJl' .nd I PUliblillY StudY enoompa.lillJ; A parkinlluUIIlure fof Ih. lIombiMion of LorI C.) and th. IWO pmlOla A. P'ltldll,lII:l"VC"fre for Lot., on Sbarman A'IIIlJIIi. lwI""n Biruh and ...... ll CORillUllllon of al\ll\lM t~ la.,.1 pal1lin& IIruotura on II'lI C.) and the two parcell acquired by projllQt 86.01 IUl7l89 OllO'ln.5 04ll4/fi17 111'l3 QO/olnooo 07K1ln1m (1J11IJI7Im QOIOlIlOIl Page 2 0(2' Sllrial !Iond ',7'" ,6.90" ~NOI. I ... 7,0"" Bond Nw • ..... 7.~~ Swiat BoIw;I 6.7'1> • 9,~" 3,4% • .5.49b " /' "'. '1', _.'/ " • .,',' .. ,'; . I' ~' I I ,- ~ ~ o w UNIVERSITY AVENUE AREA PARKING DISTRICT ANNUAL ASSESSMENT RATES ~ I H.4 l .,' ,f .' .,' .f o .,_.,.,~ ~ '>~ . o -........ ,. .; .. , ,; ...•.. _ ..... "., !\ .j' • ",'0 ~"-(;O'" .... " ~ 'b~ ",'0 ........... '" •••••• w ~ 0.3 I- ;:, o C/') ........ I- ~ 0.2 I- <C 0:: f Z I- ~ 0.11- C/') \, ~ 'V .... ",. .., ..... , ....... .;, ....... " .. "..: ..... ,.: ... '0'" ., ~ ~ Q , ~ '0 .. " 'b C/') t...l (f) Q+) t>' ~'b ,~ ,,>' ~ .. "-.," ..,'" ..," Q" .. ro .;..,<:> <:> ~"o"() ()() Q (). () I----~ -..0.:.. ...0----___ -...-_ .--~ ..... ~O.OI~,--~~--~~--~~--~~--~~--~~--~~ .sA ~..5 .8~ .az .aa ..M .9..0 .9J, 85 86 87 88 89 90 91 92 YEAR ..9.2 ,~ .9A ~ .9.ii .91 93 94 95 96 97 98 EXHiBIT E Project "~-6~ --- Project 82-33 (Lot 'J") ····IIIOIf_··_ Lot 'J" Refunding and 250 U"lv. Ave . . ..................... . I" , .- , , .. ' . 'j.4 ';,10 ~ ..... I 0 ~~ .... , ~~ I 'OrJ' L09C" , V I ~, t I b(i .... .., (Il L-06')0'Q I 0'110'1 t-Il. ..... Il.. , I U I ~~ ,l'LQ" 1 J(C1 ,,'-'It) cr' a::: I •• 0 l-." .. ~ ~~ (I) , , o;J~ Cl tOtO· ~ ~~a" I , :;j;;; (!) LSlfi· , Z VI I ~ W <5<.·1 ~~ r-, 0:: « , ~~ « ir '<LO', , a... r-LSlO' , ~~ Z I ~ « w I ~" a:: W' :::; OOL.· \ .,« ~ VI , W -0:: VI <>LO' )0 ~~ >-CO « w -VI I ::c W (I) ~LL0·( ~m X => « \ r.::l Z -J ~~ « w ~ ~~ > z « z 060',.-----'N « ""00 « • ~o; 060"+ Z I a::: owt ~g 0 • lL. 06<)'. ~~ --.J • -~t OOC·. "I"" « <>0 " ..... U .!., I e.., .'O·&" ~~ 11.'" " '" ""I '" 1990'''' 1£90' ..... ,,, 0 "" 10 .... N 0 CO! CO! 0 0 ci 0 0 ci 100.:! 3~VnOS/:HV~ IN3i'1SS3SSV L AB113O! . ---' -.-~.' >".<- ,:.,". '-. --~~ -.. - ." ...... .'-"'. ',-.. ' . . .-("~::~.~~. r-------------~.0'------------~~· CALIFORN A AVENUE AREA P RKING DISTRICT ANNUAL ASSESSMENT RATES Projecf 86-0t LAND ASSESSMENT C.l0r-----------------------------------------, .M 89 .M SO .!.t. j2 92 93 YEAR 94 95 95 95 g§ 97 !? 8UILDING ASSESSMENT ~8r-----------~--~--~--~~~----------_, .-• 199:; oose yeor weighting lil M M .iQ 58 89 90 91 M .i2 92 9l YEAR o ~ 96 ~ 97 ...anSI 0 EXHIBIT F Page 2 of 3 '-." ".,- , ASSESSMENT RAT( / IYEICKTEO ASSESSMM ~ACiOR --c;t'I_ .... crt. tD Q ____ _ ~~~ J:~~ ~~~ '<'" CD "'lw~ .... ",. c: ,.... 0 M z , ., ~ '" -r ,,: '.t-, ,;' , . 1.'-"',.,',.",'1.",'.1 :.< Q ~ ..... :> 0--< III ... ..... M (/J ,., ~ > r'1 ~ .., (/J '"1j 1/1 ~ ,.., :z -I ~ I '"tl Cil 0'eI ('I) c.J 0 Ii -c.J ASSESSMENT RATE / LAND SQUARE rOOTAGe e. 0 0 0 0 b ·b ~ b ~ ,.., A (h CD 0 1 t~1 l~o. 4'0 u)lW 0. 0.1..,. 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